UMA, the native cryptocurrency of the Universal Access Protocol, has been on a strong price rally recently surging all the way to $4.5. Just within the last two days, the UMA price has gained a staggering 128% with skyrocketing trading volumes.
UMA Price And Funding Opportunities
In a surprising turn of events, $UMA has successfully reclaimed its High Time Frame (HTF) range on the daily chart and is currently undergoing re-tests. What makes this situation particularly intriguing is the -2.00% funding on Bybit, resulting in long positions earning a staggering 6% daily or over 2,000% annually. Traders have reported substantial gains, with one individual claiming an overnight profit of $5,000+ solely from funding fees after opening a relatively small position.
If funding remains consistent, in just two more days, this trader anticipates the potential for enough earnings from funding fees alone to render the trade risk-free, reports CrediBuLL Crypto. However, it’s crucial to note that th
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