Numeraire (NMR) Overview:
Numeraire (NMR) is an Ethereum-based token that powers Numerai, a San Francisco-based hedge fund that leverages artificial intelligence and crowdsourced data science models to make investments in major stock markets. Data scientists participate in weekly tournaments, staking NMR tokens on their predictions; accurate forecasts are rewarded with additional NMR, while inaccurate ones result in the forfeiture of staked tokens.
Market Performance:
Price: $12.77 USD
24-Hour Change: Increased by $4.18 (approximately 48.66%)
Intraday High / Low: $12.77 / $8.33 USD
Market Capitalization and Supply:
Market Cap: Approximately $68 million USD
Circulating Supply: 7,972,062 NMR tokens
Maximum Supply: 11,000,000 NMR tokens
Trading Platforms:
NMR tokens are actively traded on various cryptocurrency exchanges, including:
Binance: Offers NMR trading pairs with significant liquidity.
Coinbase Pro: Provides NMR/USD trading options.
KuCoin: Supports NMR trading with real-time price updates.
Recent Performance:
Over the past week, Numeraire has experienced a price decline of approximately 0.39%, underperforming the global cryptocurrency market, which is down 11.90% over the same period.