Numeraire (NMR): AI Crypto Ready to Surge in 2024

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Numeraire (NMR) is a crypto asset that serves as a utility token for the Numerai platform, a decentralized hedge fund that uses artificial intelligence (AI) and data science to predict the stock market. NMR is used for staking on the results of predictions made by data scientists participating in Numerai tournaments. NMR also supports privacy, fungibility, and high decentralization.

NMR Price Today

According to data from CoinMarketCap, the NMR price today is IDR 548,498 IDR with a 24-hour trading volume of IDR 443,650,713,682 IDR. NMR is up 7.16% in the last 24 hours. CoinMarketCap's current rank is #248, with a market cap of IDR 3,404,374,987,894. The circulating supply is 6,172,841 NMR, with a maximum supply of 11,000,000 NMR.

What is Numeraire

Numeraire is a project founded in late 2015 by Richard Craib, a founder and CEO of Numerai. Numeraire is the first hedge fund to launch its own cryptocurrency. Numerarere's goal is to bring decentralization to the field of data science and allow developers to compete in creating effective machine learning models.

Numeraire uses the Erasure protocol, which incentivizes data scientists to submit accurate and honest predictions. Numeraire also uses metamodels, which are AI aggregation models that combine predictions from multiple sources into one. Numeraire has two types of platforms, namely Signal and Tournament. Signals are used to send trading signals based on technical analysis, while Tournaments are used to send stock price predictions based on algorithms.

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NMR Price Prediction

NMR price predictions vary depending on the source and method used. However, most predictions are bullish, given the potential and innovation offered by Numeraire. Here are some NMR price predictions from various sources:

• CoinEdition predicts that the NMR price will range between US$24 to US$35 in 2023, with the possibility of reaching above US$33. These predictions are based on technical and fundamental analysis, as well as current market trends.
• WalletInvestor predicts that the NMR price will rise gradually over the long term, reaching US$40.8 by the end of 2023, US$57.9 by the end of 2024, and US$97.8 by the end of 2025. These predictions are based on machine learning algorithms that use historical data and technical indicators.
• DigitalCoin predicts that the NMR price will increase consistently in the next five years, reaching US$38.9 in 2023, US$47.5 in 2024, US$58.2 in 2025, US$69.8 in 2026, and US$82.7 in 2027. These predictions are based on statistical analysis and market trends.

Short Term NMR Price Prediction

For short-term NMR price predictions, we can use technical indicators such as moving average (MA) and exponential moving average (EMA). MA is the average of NMR prices in a given period, while EMA is the average of NMR prices that give greater weight to the latest data. MA and EMA can be used to identify trends and support and resistance levels.

Berikut adalah tabel prediksi harga NMR jangka pendek berdasarkan MA dan EMA:

Dari tabel di atas, kita dapat melihat bahwa harga NMR cenderung naik dalam jangka pendek, dengan EMA lebih tinggi dari MA. Hal ini menunjukkan bahwa tren bullish sedang berlangsung. Selain itu, kita dapat melihat bahwa MA dan EMA 50 hari lebih tinggi dari MA dan EMA 200 hari. Hal ini menunjukkan bahwa harga NMR berada di atas rata-rata jangka panjang, yang juga merupakan indikasi bullish.

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Kesimpulan

Numeraire adalah kripto yang unik dan inovatif, yang memanfaatkan kekuatan AI dan ilmu data untuk memprediksi pasar saham. NMR adalah token utilitas yang digunakan untuk staking pada hasil prediksi yang dibuat oleh para ilmuwan data yang berpartisipasi dalam turnamen Numerai. NMR juga mendukung privasi, fungibilitas, dan desentralisasi yang tinggi.

Prediksi harga NMR bervariasi tergantung pada sumber dan metode yang digunakan, tetapi sebagian besar bersifat bullish, mengingat potensi dan inovasi yang ditawarkan oleh Numeraire. Berdasarkan analisis teknikal dan fundamental, serta tren pasar saat ini, harga NMR diperkirakan akan berkisar antara US$24 hingga US$35 pada tahun 2023, dengan kemungkinan mencapai di atas US$33. Prediksi harga NMR jangka pendek juga menunjukkan tren bullish, dengan EMA lebih tinggi dari MA, dan MA dan EMA 50 hari lebih tinggi dari MA dan EMA 200 hari.

However, keep in mind that NMR price predictions cannot be guaranteed to be 100% accurate, as they are influenced by many unpredictable factors, such as demand and supply, market sentiment, news and events, regulation, and more. Therefore, before investing in NMR or any other crypto, it's best to do some in-depth research and use money you're willing to risk. Always be aware of the volatility and uncertainty of the crypto market.

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DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.