High UMA encryption prices after X Polymark were exploited to predict the market

The price of Uma, a decentralized Oracle Protocol, climbs sharply after a high -level partnership that has caused the renewed investor’s interest.
On Friday, the Oma symbol witnessed a header, reaching a higher than $ 1.41 According to CoinmarketCap dataHe represents his strongest level since March and excelled the broader encryption market, which has been suffering from a general decline.
This price movement represents a profit of more than 40 % of the lowest level of the week, prompting the market value of the UMA to the top of 112 million dollars and attracting attention to its role in operating the decentralized data.
The last documentary gatherings have been linked to a large development that includes polymarket, a Blockchain predictive platform that has now been partnership with Elon Musk’s Social Media Company, X.
We join efforts with Polymarket as a partner in our official prediction market
X. polymarket
Why is the Polymarket Partnership with X important for UMA?
This collaboration is noticeable because UMA works as the primary Oracle provider for polymarket, which means that it plays an important role in checking the results of prediction events.
UMA optimistic Oracle allows an invisible and reliable solution from realistic questions by securely collecting data and settling disputes over the series.
.UMAPRTOCOL Secure polymarket
I just wanted to tell you
Polymarket selection is explained to merge with UMA as checking the validity of the advanced features of the protocol, which includes its ability to deal with complex inputs such as natural language queries.
It seems that investors are betting that Polymarket expansion at a broader user base, especially through the X platform, can be translated into increased use of Oracle Oracle services in UMA.
Looking at the user base of X from 240 to 300 million users per day and more than 650 million users per month, the possibility of exposure to polymarket – and thus UMA – is large.
As the prediction market gains more vision on social platforms, UMA will benefit directly from the additional size of the resolved results and disputes settlements, both of which generate protocol fees.
The platform earns symbolic fees for each market that has been resolved and collects part of the rewards of any dispute decision, which enhances the economic model of the protocol as standards for activity.
To date, UMA has already resolved more than 1075 conflict on Polymarket, and this number may rise quickly with the maturity of the ecosystem of the prediction market in a prevailing environment.
At the time of writing this report, UMA was trading of about $ 1.26, which indicates an increase of 11.8 % during the previous 24 hours, along with a weekly profit of 12.8 % despite the simple decline seen in other Altcoins.
The trading volume 24 hours is $ 69 million, indicating an increase in interest from each of the retail participants and institutions who may be in a long -term possible gain.
The date of UMA price shows a remarkable recovery of its lowest level ever at $ 0.30 in April 2020, indicating that the current momentum may be part of a wider revival stage.
However, this basic procedure still leaves UMA much lower than its highest level ever at $ 41.56 reached in February 2021, highlighting the recovery range if the adoption accelerates.
However, the increase of UMA prices at one time reflects the encryption market from the Trump-Mousic conflict that depends on the benefit, especially because Oracles becomes an essential structure for decentralized applications.
With the emergence of the emerging investor morale and the emerging use, UMA may continue to attract attention as a critical piece in the Defi and Web3 expansion system.
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