UMA Protocol price up 13% as bulls aim at $18 high on Coinbase Pro trading launch

UMA Protocol price jumps 13% as traders look forward to trading on Coinbase Pro. The recent crypto crash saw the price of decentralized protocol UMA token dip from all-time highs of $27.63 on September 1 to lows of $9.79 on September 5.

To achieve the tokenization, the platform has partnered with liquidity protocol Ren to allow users to lock renBTC into UMA and mint the uUSD yield dollar. UMA Protocol’s price is slightly under pressure on the hourly chart, with UMA/USDT dipping marginally to lows of $16.28 as of 08:00 UTC (September 8).

Timeline of Ren, Uma, Ultracoin