The project party for $NMR has started shipping!!
NMR is the native token of the Numerai platform. Numerai is a hedge fund based in San Francisco that predicts stock and crypto asset trends using AI + crowd-sourced models.
Global data scientists submit models and optimize strategies through token incentives. Submitting a model requires staking NMR; excellent submissions are rewarded, while mistakes are penalized. The total supply is only 11 million tokens, with a deflationary mechanism supporting long-term value.
JPMorgan has pledged to invest $500 million, providing strong market confidence for NMR. Short-term fluctuations may be driven by speculative trading, presenting swing opportunities.
The short-term outlook is positive, but long-term holding is not recommended. The current position is at a profit-taking point, and one should exit early, waiting for a pullback to make re-entry plans. Those optimistic about my short to medium-term outlook can follow along!!
