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Numeraire

Numeraire priceNMR

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NMR
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1 NMR = 26.47 USD
Last updated 2024-04-21 18:08:43(UTC-0)

Numeraire price live data summary

The live price of Numeraire is $26.47 per (NMR / USD) today with a current market cap of $166.18M USD. The 24-hour trading volume is $5.36M USD. NMR to USD price is updated in real time. Numeraire is -5.38% in the last 24 hours. It has a circulating supply of 6,278,964.5 .

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.

Numeraire price prediction

Set your prediction

When is a good time to buy NMR? Should I buy or sell 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 Neutral.
According to the NMR 1d technical analysis, the trading signal is Sell.
According to the NMR 1w technical analysis, the trading signal is Neutral.
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Numeraire price performance in USD

24h7d30d90d1yAll-time
-5.38%+14.01%-21.23%+53.18%+52.10%-24.72%

Numeraire price history in USD

TimeLowHigh
24h$26.13$28.11
7d$22.46$28.11
30d$19.35$40.62
90d$16.15$54.17
1y$10.64$54.17
All-time$1.93(2018-11-26, 5 years ago )$168.49(2017-06-25, 6 years ago )

Numeraire market information

Market cap
$166,179,117.51
-5.38%
Fully diluted market cap
$291,126,080.5
-5.38%
Volume (24h)
$5,362,506.46
-19.13%
Market rankings
Circulation rate
+58.00%
24h volume / market cap
0.0322
Circulating supply
6,278,964.5 NMR
Total supply / Max supply
10,719,405.8 NMR
11,000,000 NMR

Numeraire ratings

Average ratings from the community
4.4
100 ratings
This content is for informational purposes only.

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 782 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,611,687 times, with Numeraire being mentioned with a frequency ratio of 0%, ranking 839 among all cryptocurrencies.

In the last 24 hours, there were a total of 67 unique users discussing Numeraire, with a total of Numeraire mentions of 10. However, compared to the previous 24-hour period, the number of unique users decrease by 14%, and the total number of mentions has increase by 43%.

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 20 posts mentioning Numeraire in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 23% . Additionally, there were 0 comments mentioning Numeraire. Compared to the previous 24-hour period, the number of mentions decrease by 0%.

Visão geral das redes sociais

Average sentiment(24h)
3
Social score(24h)
0(#782)
Social contributors(24h)
67
-14%
Social mentions(24h)
10(#839)
+43%
Social dominance(24h)
0%
Twitter
Tweets(24h)
0
0%
Twitter sentiment(24h)
Bullish
0%
Neutral
100%
Bearish
0%
Reddit
Reddit score(24h)
216
Reddit posts(24h)
20
-23%
Reddit comments(24h)
0
0%

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.

Trade NMR perpetual futures

After having successfully signed up on Bitget and purchased USDT or NMR tokens, you can start trading derivatives, including NMR futures and margin trading to increase your income.

The current price of NMR is $26.47, with a 24h price change of -5.38%. Traders can profit by either going long or short onNMR futures.

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.

Numeraire news

See more
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BlackRock Revises Spot Bitcoin ETF Proposal Ahead of Rumored SEC Approvals

Black Rock's ETF proposal now includes cash redemptions, a concession to the SEC that may improve the fund's approval odds.

Coindesk2023/12/18 21:31#Markets#Bitcoin ETF#BlackRock
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Bitcoin Is Coming to Sushi as DeFi Platform Expands to ZetaChain

The move allows users to access the liquidity of bitcoin on decentralized finance (DeFi) without going through intermediaries like wrappers.

Coindesk2023/11/16 08:00#Business#Sushi#SushiSwap
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Elon Musk’s Twitter Overhaul Could Be Huge for DOGE and Crypto Generally

“Elon clearly has an affinity for DOGE, almost as part of a running joke, but I wouldn’t be surprised if he actually went through with enabling payments via DOGE.”

Coindesk2023/07/25 12:47#Business#Twitter#DOGE
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Bitcoin Inscriptions Not a Fading Trend | Crypto Daily Digest Sep. 8

While Bitcoin NFT sales have declined, Ordinals inscriptions continue rising.

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Friend.tech Gaining Momentum | Crypto Daily Digest Aug. 22

The latest update you need to know about Friend.tech

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People are also inquiring about the price of Numeraire.

What is the current price of Numeraire?

We update our Numeraire to USD price in real time. Get the live Price of Numeraire on Bitget.

What is the 24 hour trading volume of Numeraire?

Over the last 24 hours, the trading volume of Numeraire is $5.36M.

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.

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.
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.

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NMR is available for trading on the Bitget Exchange, and can be held in custody on Bitget Wallet. Bitget Exchange is also one of the first CEX platforms to support NMR trades.
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