Another COIN - Umee coin Cheap or smart?

Umee price prediction: What is UMEE?

Can Umee cross over to the world of mainstream crypto?

Umee teaches

In the world of cryptocurrency, the most important concept is, it can be argued, the blockchain.

After all, the overwhelming majority of cryptocurrencies are based on blockchains, with only Ripple’s XRP coin standing out among the major players as a blockchainless crypto. However, there are some issues with blockchain technology that even hardened crypto evangelists might, if only to themselves, admit to.

For instance, one of the key issues is that it can be difficult to cross over from one blockchain to another. If you are building a program, or making a transaction, on one blockchain, there are times when you are just unable to do the same thing on another chain.
This means that things cannot develop as well as they might otherwise be able to. The idea that might occur to some people is that if there was a blockchain that could link to other chains while, at the same time, serve as a place where programs and protocols could be built, that would save a lot of time, energy and money and, in turn, become a very useful system for people to use.

This is where the Umee system comes in. What makes this interesting is that it is a blockchain that is based on another blockchain network.

The Cosmos system involves, to put it simply, blockchains linked to a main blockchain, but which are, in themselves, fundamentally independent.

With that in mind, let’s try to explain what it is that Umee does. The idea behind Umee – which takes its name from the Japanese word Umi meaning ocean – is that it is a blockchain that exists on the Cosmos blockchain network that allows people to get their crypto capital together. It does this by allowing people to move crypto across blockchains freely using its network.

While it is not that uncommon for a cryptocurrency to be somewhat overvalued on launch, a combination of a sluggish market and worries following Russia’s invasion of Ukraine saw it close the month at $0.1079. March saw things continue to decline, with the month’s low coming when UMEE dropped to $0.07979 on 24 and 25 March although, by the end of the month, it had recovered to trade at $0.09827, with the token enjoying a bull run that saw it peak at $0.1047 two days later. After that, though, a small drop was followed by a larger one, as the impact of China’s ban on crypto made itself known, and by 14 April it fell to a low of $0.0575. There was some room for recovery, though, and on 18 April it hit $0.07966. In spite of that boost, it was then time to drop down again and it finished the month at $0.05912.

How many Umee are there?
According to CoinGecko , there were about 1.41 billion UMEE in circulation out of a total supply of around 10 billion as of 28 June 2022.

Is Umee a good investment?
It is hard to say. On one hand, UMEE has lost a lot of its value since it launched in February 2022, but that said we are currently in a crypto bear market, so any return to previous highs may not happen for some time yet. You should do your own research before deciding to invest in this token.

Should I invest in Umee?
This is a question that you will have to answer for yourself. Before you do so, you will need to do your own research, remember prices can go down as well as up, and never invest more money than you can afford to lose.

In my opinion, there are good percentages in staking.

If you are interested in Umee staking, write in the replay

@boby_cat boby_news


BRUUUH @disco

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Now is not a good time for IDO rounds

No, there are many coins in circulation. The price of ido was 0.06 and 0.07. Now Umee is 0.00811.

But why do you say so

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