Numeraire (NMR) is the native token of Numerai, a decentralized AIโdriven hedge fund platform where data scientists stake NMR on predictive models, with successful models earning rewards and poor ones burning their stakes.
It trades around approximately $8.3โ$9.4 USD, well below its allโtime high (~$168) but above its longโterm lows, showing rangeโbound behavior in recent sessions.
Recent technical price action reflects sideways to slightly bearish momentum amid broader altcoin weakness and low volume, with key support around roughly $8.3.
Market cap remains modest (~$60โ$75โฏM), indicating limited liquidity compared to major altcoins.
Roadmap developments such as platform upgrades and improved tournament mechanisms could support future demand, but progress is gradual and tied to broader crypto sentiment.
Overall, NMR is highโrisk, nicheโoriented, and highly correlated with altcoin market cycles.
@Numerai $NMR #NMRtoken #nmr