• NMR price is $17.28, soaring 127.91% in a single day,
• Market cap is $128 million, circulating supply is 7.515 million coins, after hitting a high of $19,
a slight pullback
• Key support level: $8.60-$9.00; resistance level: $16.00-$18.50
Driving Factors
• JPMorgan's $500 million phased investment in Numerai, institutional endorsement igniting the
market
• Token mechanism: Stake NMR to submit prediction models, rewards for high accuracy, tokens are
destroyed for inaccurate predictions
• Project fundamentals: Managed funds increased from $60 million to $450 million, achieving a
25% net return last year
• Token scarcity: Close to the hard cap of 11 million coins, deflationary attributes combined with
institutional demand create a double whammy in supply and demand
Trading Strategy
• Short-term: Focus on the $16 breakthrough situation, if broken, can look towards $20-$22; pullback
can re-enter at the $8.60 support level
• Mid to long-term: Consider phased layout below $15, pay attention to token destruction progress
• Risk warning: Long-short ratio as high as 22.48, RSI once touched the 88 overbought zone, pay