Numeraire price

€5.834
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EUR
Last updated on --.

About Numeraire

Numeraire (NMR) is a unique cryptocurrency that powers a decentralized hedge fund built on artificial intelligence (AI). At its core, Numerai creates a global marketplace for data scientists to collaborate and improve stock market predictions. Participants stake NMR tokens to submit machine learning models, and the most accurate predictions earn rewards. This innovative approach combines blockchain technology with AI to create a transparent, crowd-sourced financial system. Unlike traditional cryptocurrencies, NMR's value is tied to its role in incentivizing high-quality financial predictions. The project demonstrates how blockchain can enable new forms of collective intelligence, where data scientists worldwide contribute to building better AI models for investing.
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Numeraire’s recent prices

Past year
-15.02%
€6.87
3 months
-29.51%
€8.28
30 days
-10.29%
€6.50
7 days
-0.88%
€5.89

Numeraire performance

€5.834

Numeraire price today

Numeraire price today is €5.834, marking a +1.99% over the past 24 hours. On OKX, today’s Numeraire trading volume reached 1,250,563, worth over €7.30M.

€86.24

Numeraire all-time high

Numeraire achieved its all-time high price of €86.24 on May 16, 2021, (UTC+8). At today's price of €5.834, Numeraire price is now -93.24% lower than its historic high.

$6.766

Numeraire in USD

The current Numeraire to USD conversion rate is $6.766 per Numeraire.
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Learn more about Numeraire (NMR)

What's Numeraire?

Numeraire is a cryptocurrency token used within the Numerai platform, which aims to improve hedge fund predictions using data science and machine learning. It incentivizes data scientists to create accurate models by rewarding them with Numeraire tokens. The token helps solve the problem of inefficient financial predictions by leveraging collective intelligence and decentralized data modeling.

How does Numeraire work?

Numeraire operates on the Ethereum blockchain, utilizing smart contracts to facilitate transactions and interactions within the Numerai ecosystem. It employs a proof-of-stake consensus mechanism, allowing users to stake their tokens to participate in the platform's prediction tournaments. This staking process helps secure the network and encourages accurate model submissions.

What's the total supply of Numeraire?

Numeraire has a total supply of 11 million tokens. The circulating supply is subject to change based on staking and reward distributions. The tokenomics of Numeraire include mechanisms for incentivizing data scientists, with no inflationary minting or deflationary burning processes currently in place.

What determines Numeraire's price?

The price of Numeraire is influenced by its utility within the Numerai platform, demand from data scientists, and overall network usage. Market sentiment and regulatory developments can also impact its value. Competition from other prediction platforms may affect its demand, but no direct price predictions are made.

Pros and cons of Numeraire

- Pros: Encourages accurate financial predictions, rewards data scientists, operates on Ethereum's secure blockchain. - Cons: Limited to Numerai platform, subject to Ethereum network fees, competition from other prediction models.

How do I store my Numeraire?

Numeraire can be acquired through exchanges like OKX, where users can trade or purchase the token. It can be stored in Ethereum-compatible wallets, ensuring private keys are kept secure to prevent unauthorized access. Users participate in Numerai's tournaments by staking Numeraire. Availability may vary by jurisdiction, and users should comply with local regulations.

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Numeraire FAQ

Numeraire can offer strong returns, but is also subject to market volatility. Whether it’s a good investment depends on your risk tolerance, goals, and market conditions. Numeraire’s price can be influenced by various factors such as adoption, regulation, technological advancement, and overall market sentiment. Always do your own research before buying Numeraire and never buy more than you can afford to lose. This content is for informational purposes only and isn’t financial advice.
To buy Numeraire at a low price, monitor the market closely and use tools like price alerts and technical indicators to keep you updated on price trends. Always do your own research and use secure platforms. This content is for informational purposes only and isn’t financial advice.
Depending on where you’re located, you can use bank transfer, credit/debit card, or Peer-to-Peer. Read our guide on how to use these different payment methods to buy Numeraire NMR safely on a trusted exchange like OKX.
Currently, one Numeraire is worth €5.834. For answers and insight into Numeraire's price action, you're in the right place. Explore the latest Numeraire charts and trade responsibly with OKX.
To read this Numeraire price chart, hover over or click on the time period you want to view. Hover over the chart to view the corresponding price, displayed in your local currency.
Yes, Numeraire’s price is updated in real-time on our Numeraire price page. You can view the current price and historical price data here at all times.
Countries and regions differ on how digital assets transactions and holdings are taxed and how they view digital assets in general (money, property, commodity). In general, it is expected that you will pay capital gains tax when selling or swapping Numeraire NMR. Refer here for a more detailed guide.
Staking and earning rewards with Numeraire are subject to local restrictions. Log in or sign up to view products available in your country, region, or state of residence.

Numeraire (NMR) is a decentralized platform that aims to revolutionize predictive modeling and quantitative finance. It incentivizes data scientists to contribute by submitting encrypted predictions based on historical market data. Through a rigorous selection process, the platform identifies the top-performing algorithms and combines them into an ensemble model, which is then utilized for making real-world trading decisions. 

Using NMR tokens within the Numerai platform offers several benefits to participants. Firstly, it enables seamless transactions, facilitating the exchange of value and rewards within the ecosystem. 

Secondly, staking NMR tokens incentivizes active participation and provides rewards for accurate predictions. Lastly, NMR holders can participate in governance, granting them a voice in essential platform decisions. These benefits create a dynamic and engaging environment for Numerai participants, fostering collaboration and driving the platform's success.

Easily buy NMR tokens on the OKX cryptocurrency platform. One available trading pair in the OKX spot trading terminal is NMR/USDT.

You can also swap your existing cryptocurrencies, including Bitcoin (BTC), Tether (USDT), and USD Coin (USDC), for NMR with zero fees and no price slippage by using OKX Convert.

Disclaimer

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Market cap
€40.54M #163
Circulating supply
6.95M / 11M
All-time high
€86.24
24h volume
€7.30M
Rating
2.4 / 5
NMRNMR
EUREUR
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