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Bittime - AI cryptocurrency Numeraire (NMR) shows significant spike at double-digit rate on major exchanges after explosive announcement
What is Numeraire (NMR)?
Numeraire, built on the Ethereum platform, is a platform for developers and data scientists who want to experiment and build machine learning models with a high level of reliability.
Also read: What is Ethereum?
With the importance of artificial intelligence and big data in today's technology landscape, tokens belonging to this sector have demonstrated significant performance so far this year.
Also Read How To Buy Crypto:
Numeraire Movement (NMR)
In a remarkable market move, the price of Numeraire (NMR), an artificial intelligence-based cryptocurrency, witnessed an astonishing surge of over 17% in a little over an hour.
The trigger behind this rapid rise can be traced back to a recent announcement made by renowned crypto exchange, Binance. In an unexpected move, Binance announced the launch of futures contract trading for the Numeraire token.
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Current Numeraire (NMR) Price
According to Market Bittime.com, when this article was written (28/02/2024) the MNR/IDR pair was at 496.52 and in the last 24 hours there was an increase of +0.50%
Binance Exchange steps
According to reports, Binance will offer NMR futures with leverage of up to 20, with trading scheduled to begin as soon as tomorrow. While the exact motivation behind this decision remains unclear, it is worth noting that Numeraire tokens are already available for trading on the Binance spot market.
Nevertheless, market observers interpreted this announcement as a definitive signal to buy, resulting in a surge in demand for the artificial intelligence-based cryptocurrency.
It is worth noting that similar cases of abnormal price spikes have occurred in the past, following announcements from Binance. This time, the prevailing market conditions further strengthened the upward momentum, with Bitcoin (BTC) itself experiencing a remarkable increase of 11% since the start of the week.
The optimistic backdrop surrounding the crypto market likely amplified enthusiasm among market participants to invest in NMR upon hearing the news.
How to Buy Numeraire (NMR) on Bittime
You can buy and sell Numeraire (NMR) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Numeraire (NMR) is available on Bittime with the market pair NMR/IDR . To be able to buy NMR IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy Numeraire (NMR) on Bittime .
Monitor the price chart movements of Numeraire (NMR), Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
significant from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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