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    Numeraire

    Numeraire priceNMR

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    NMR
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    1 NMR = 16.29 USD
    Last updated 2024-11-09 23:04:57(UTC-0)
    Buy NMR

    Numeraire price live data summary

    The live price of Numeraire is $16.29 per (NMR / USD) today with a current market cap of $119.72M USD. The 24-hour trading volume is $5.29M USD. NMR to USD price is updated in real time. Numeraire is 3.93% in the last 24 hours. It has a circulating supply of 7,349,495.5 .

    What is the highest price of NMR?

    NMR has an all-time high (ATH) of $168.49, recorded on 2017-06-25.

    What is the lowest price of NMR?

    NMR has an all-time low (ATL) of $1.93, recorded on 2018-11-26.
    Calculate Numeraire profit

    Numeraire price prediction

    When is a good time to buy NMR? Should I buy or sell NMR now?

    When deciding whether to buy or sell NMR, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget NMR technical analysis can provide you with a reference for trading.
    According to the NMR 4h technical analysis, the trading signal is Strong buy.
    According to the NMR 1d technical analysis, the trading signal is Strong buy.
    According to the NMR 1w technical analysis, the trading signal is Neutral.

    What will the price of NMR be in 2025?

    Based on NMR's historical price performance prediction model, the price of NMR is projected to reach $16.79 in 2025.

    What will the price of NMR be in 2030?

    In 2030, the NMR price is expected to change by -17.00%. By the end of 2030, the NMR price is projected to reach $29.38, with a cumulative ROI of +93.01%.

    Numeraire ratings

    Average ratings from the community
    4.6
    100 ratings
    This content is for informational purposes only.

    About Numeraire (NMR)

    What Is Numeraire?

    Numeraire is a cryptocurrency and software, acting as a hedge fund, designed to facilitate the trading of equities on the Ethereum blockchain. Launched in 2017, it was the world’s first cryptocurrency issued by a hedge fund and has gained substantial popularity and recognition, backed by notable entities such as Union Square Ventures and the co-founder of Coinbase. Numeraire operates as a unique platform, incorporating artificial intelligence and data science tournaments, where users can stake their crypto to back their market predictions.

    The platform is designed to remove human emotion from trading strategies, allowing users to build machine learning models on abstract financial data to predict stock market trends. It provides a new-age trading experience by aggregating advanced AI algorithms, data scientists, and input from regular users. Numeraire focuses on creating a system where predictions are made by a global network of data scientists, who stake cryptocurrency on their predictions, making the platform a hub for innovative trading strategies and techniques.

    Resources

    Whitepaper: https://numer.ai/whitepaper.pdf

    Official Website: https://numer.ai/

    How Does Numeraire Work?

    Numeraire operates on the Ethereum blockchain, offering full interoperability within the Ethereum ecosystem. It leverages a system called a Metamodel that incorporates all the predictions it receives from participants in its application network. The platform has two main components: Signals and Tournaments. Signals allow users to upload stock market strategies that support specific stocks or trading styles, while Tournaments are weekly competitions where users submit trading algorithms about the stock markets.

    In these tournaments, data scientists stake Numeraire (NMR) on their predictions, and the mechanism for resolving these stakes is based on an auction that rewards correct predictions regarding a model’s capability to perform well on new data. The platform automatically reviews the predictions to see who was correct, rewarding users who have staked their NMR coins to a correct outcome or destroying those who made false predictions. This unique system allows Numeraire to focus on the most promising models and enhance the performance of their hedge fund.

    What Is NMR Token?

    NMR is the native utility token for the Numeraire network, operating as a smart contract on the Ethereum blockchain. Users must hold NMR to participate in any Numeraire features or services, such as staking on outcomes, conducting payments, and rewarding tournament participants. The maximum number of NMR tokens that can be created is 21 million, with Numerai distributing some of them to data scientists based on their performance on the Numerai leaderboard. NMR tokens continue to be a reward for data scientists who excel in Numerai’s machine learning competition.

    Numeraire's Impact on Finance

    Numeraire has brought a transformative approach to the financial sector by combining blockchain technology, artificial intelligence, and data science. It has made a significant impact by allowing a diverse range of users, from novice to experienced traders, to learn varying strategies and secure higher ROIs. By removing human emotion and intervention from trading and focusing on data-driven, algorithmic predictions, Numeraire is paving the way for a new era of trading, marked by enhanced accuracy and efficiency.

    Numeraire’s innovative approach to utilizing blockchain technology and artificial intelligence in finance is setting new standards in the industry, contributing to the continuous adoption and evolution of decentralized finance (DeFi) solutions and blockchain-based financial instruments.

    What Determines Numeraire's Price?

    The price of Numeraire (NMR) is influenced by a myriad of factors, reflecting the dynamics of the cryptocurrency market. The cryptocurrency price is primarily determined by supply and demand dynamics, with higher demand and limited supply typically leading to an increase in price. Market sentiment, driven by cryptocurrency news and trends, also plays a crucial role, as positive news can lead to increased demand, while negative news can lead to a decrease in price. Cryptocurrency analysis and charts are essential tools for both beginners and experts in the crypto community, providing insights into potential price movements and helping in making informed decisions on whether it is a good investment.

    In the volatile world of cryptocurrency, price prediction becomes a crucial aspect for investors looking to optimize their crypto portfolio management. The Numeraire price is also influenced by its utility and adoption in the cryptocurrency market, with increased usage and acceptance leading to a potential increase in value. Cryptocurrency enthusiasts and experts often analyze the regulatory environment, as cryptocurrency regulation can significantly impact the market. For those looking to buy Numeraire, it is available on leading exchanges such as Bitget, and it's essential to consider cryptocurrency security and be aware of potential risks and scams in the market.

    Looking at 2023 and beyond, the best crypto investment would be one that balances risk and reward efficiently, considering the inherent market volatility. Numeraire, with its innovative approach to combining artificial intelligence and blockchain, presents a unique proposition in the market. However, potential investors should conduct thorough research, consider cryptocurrency trading strategies, and stay updated with cryptocurrency events and news to navigate the complexities of the cryptocurrency market effectively.

    Numeraire price performance in USD

    24h7 days30 days90 days1 yearAll-time
    +3.93%+16.09%+14.42%+41.78%+7.72%-53.64%

    Numeraire price history in USD

    The price of Numeraire is +7.72% over the last year. The highest price of NMR in USD in the last year was $54.17 and the lowest price of NMR in USD in the last year was $9.59.
    TimeLowHigh
    24h$15.57$16.37
    7d$13.07$16.37
    30d$13.07$16.53
    90d$11.05$20.51
    1y$9.59$54.17
    All-time$1.93(2018-11-26, 5 years ago )$168.49(2017-06-25, 7 years ago )

    Numeraire market information

    Market cap
    $119,719,990.71
    +3.93%
    Fully diluted market cap
    $179,185,068.82
    +3.93%
    Volume (24h)
    $5,288,068.13
    +34.61%
    Market rankings
    Circulation rate
    +68.00%
    24h volume / market cap
    0.0441
    Circulating supply
    7,349,495.5 NMR
    Total supply / Max supply
    10,692,993.46 NMR
    11,000,000 NMR
    Buy Numeraire now

    Numeraire Social Data

    In the last 24 hours, the social media sentiment score for Numeraire was 3, and the social media sentiment towards Numeraire price trend was Bullish. The overall Numeraire social media score was 0, which ranks 1306 among all cryptocurrencies.

    According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with Numeraire being mentioned with a frequency ratio of 0%, ranking 1306 among all cryptocurrencies.

    In the last 24 hours, there were a total of 126 unique users discussing Numeraire, with a total of Numeraire mentions of 2. However, compared to the previous 24-hour period, the number of unique users increase by 85%, and the total number of mentions has decrease by 60%.

    On Twitter, there were a total of 0 tweets mentioning Numeraire in the last 24 hours. Among them, 0% are bullish on Numeraire, 0% are bearish on Numeraire, and 100% are neutral on Numeraire.

    On Reddit, there were 26 posts mentioning Numeraire in the last 24 hours. Compared to the previous 24-hour period, the number of mentions increase by 4% .

    All social overview

    Average sentiment (24h)
    3
    Social media score (24h)
    0(#1306)
    Social contributors (24h)
    126
    +85%
    Social media mentions (24h)
    2(#1306)
    -60%
    Social media dominance (24h)
    0%
    X
    X posts (24h)
    0
    0%
    X sentiment (24h)
    Bullish
    0%
    Neutral
    100%
    Bearish
    0%
    Reddit
    Reddit score (24h)
    12
    Reddit posts (24h)
    26
    +4%
    Reddit comments (24h)
    0
    0%

    How to buy Numeraire(NMR)

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    Use a variety of payment options to buy Numeraire on Bitget. We'll show you how.

    Join NMR copy trading by following elite traders.

    After signing up on Bitget and successfully buying USDT or NMR tokens, you can also start copy trading by following elite traders.

    FAQ

    What is use case of Numeraire?

    Numerai is a blockchain-based platform that uses machine learning to create prediction models for the stock market, aiming to decentralize data science and financial predictions. It also operates as a hedge fund where users trade equities based on predictions generated by a global network of data scientists. The NMR cryptocurrency, an ERC-20 token, powers the Numerai platform and is staked by developers to participate in prediction model competitions. Numerai creates abstract financial datasets that are challenging for humans to interpret, prompting numerators (participants) to build machine learning models to predict stock market outcomes. Successful models earn numerators rewards in cryptocurrency, which can be used for future trading on the platform.

    Is Numeraire a good investment?

    Numeraire (NMR) is a unique cryptocurrency with potential for investment. As the native token of an AI-powered blockchain hedge fund, its utility and demand may increase as interest in the Numerai platform grows. Additionally, a bullish sentiment in the crypto market, especially towards AI tokens, can drive demand for Numeraire and potentially raise its price.

    What is Numeraire price prediction?

    Predicting the price of Numeraire (NMR) in the highly volatile crypto market is challenging. Price movements depend on factors like user activity on the Numerai platform, developments related to Numerai, and the overall market sentiment towards cryptocurrencies. Positive developments and a bullish market sentiment can drive up the NMR price, while bearish sentiment may lead to price declines.

    How can I stake Numeraire?

    To participate in the Numerai platform and make your predictions official, follow these steps: - Sign up for a Numerai account if you're a new user. - Access and download the training data and example scripts. - Create your data model and submit your predictions on the platform. - Stake your NMR tokens on your submitted models, allowing you to earn or burn tokens based on their performance. - You can submit models on a weekly basis, potentially increasing your NMR holdings over time. - Keep in mind that the more tokens you stake, the higher the risk/reward ratio on Numerai. By staking NMR tokens and participating in the platform, you can potentially earn rewards based on the success of your prediction models.

    What is the history of Numeraire?

    Numerai is an AI-powered crowd-sourced hedge fund founded by Richard Craib in December 2015. The platform introduced the NMR token in February 2017 to incentivize participation in tournaments. In March 2019, Numerai raised $11 million through an ICO to launch its Erasure project. The Masterplan introduced the idea of predictive models with a network of data scientists in October 2017. Numerai Signals, a market-neutral long/short equity strategy, was launched in October 2020, utilizing traditional and alternative data sources. Summarised, Numerai is a platform combining AI, data science, and blockchain technology for predictive modeling and hedge fund strategies, with the NMR token as a key element for participation and rewards.

    Is Numeraire secure?

    Numeraire operates on the Ethereum network as an ERC-20 protocol, utilizing smart contracts to maintain transparency and enforce a total supply limit of 11 million NMR tokens. The Erasure protocol, also built on Ethereum, safeguards rewards by destroying NMR staked on incorrect prediction models while rewarding users who stake NMR on correct outcomes, ensuring the integrity of the incentivization system.

    What is the current price of Numeraire?

    The live price of Numeraire is $16.29 per (NMR/USD) with a current market cap of $119,719,990.71 USD. Numeraire's value undergoes frequent fluctuations due to the continuous 24/7 activity in the crypto market. Numeraire's current price in real-time and its historical data is available on Bitget.

    What is the 24 hour trading volume of Numeraire?

    Over the last 24 hours, the trading volume of Numeraire is $5.29M.

    What is the all-time high of Numeraire?

    The all-time high of Numeraire is $168.49. This all-time high is highest price for Numeraire since it was launched.

    Can I buy Numeraire on Bitget?

    Yes, Numeraire is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy guide.

    Can I get a steady income from investing in Numeraire?

    Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

    Where can I buy Numeraire with the lowest fee?

    We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

    Where can I buy Numeraire (NMR)?

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    Cryptocurrency investments, including buying Numeraire online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Numeraire, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Numeraire purchase. This page and any information included are not an endorsement of any particular cryptocurrency. Any price and other information on this page is collected from the public internet and can not be consider as an offer from Bitget.

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    NMR/USDT

    Spot

    NMR/USDT

    Margin

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