niversal Market Access protocol, or UMA, is an Ethereum-blockchain-based project focused on the creation of synthetic assets that are self-executing, self-enforcing financial contracts that allow counter-parties to digitize and automate any real-world financial derivative.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for UMA on Nov. 12, prior to the recent price rise.

The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.

VORTECS™ Score (green) vs. UMA price. Source: Cointelegraph Markets Pro

As seen in the chart above, the VORTECS™ Score for UMA spiked into the green and reached a high of 73 on Nov. 12, around 19 hours before the price increased 48.6% over the next two days.

The spike in UMA price comes after the mainnet launch of Sherlock DeFi protocol, which is an insurance protocol that utilizes UMA’s Optimistic Oracle solution to fairly adjudicate claims and provide exploit protection to other protocols.

niversal Market Access protocol, or UMA, is an Ethereum-blockchain-based project focused on the creation of synthetic assets that are self-executing, self-enforcing financial contracts that allow counter-parties to digitize and automate any real-world financial derivative.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for UMA on Nov. 12, prior to the recent price rise.

The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.

VORTECS™ Score (green) vs. UMA price. Source: Cointelegraph Markets Pro

As seen in the chart above, the VORTECS™ Score for UMA spiked into the green and reached a high of 73 on Nov. 12, around 19 hours before the price increased 48.6% over the next two days.

The spike in UMA price comes after the mainnet launch of Sherlock DeFi protocol, which is an insurance protocol that utilizes UMA’s Optimistic Oracle solution to fairly adjudicate claims and provide exploit protection to other protocols.