NMR is the ERC‑20 utility token at the heart of Numerai’s AI‑powered hedge fund ecosystem, where data scientists stake tokens on predictive models to earn rewards or burn tokens on poor performance.
Currently priced around $8–$9 USD (৳1,200 BDT) with a market cap near ~$60–$70 million, NMR sits far below its early peak but shows ongoing ecosystem activity.
Its fixed supply (max 11 million) and staking/burning model create inherent scarcity, as only staked tokens circulate and unsuccessful stakes are destroyed.
Recent developments include institutional backing, strategic buybacks and ongoing platform upgrades — seen by some as long‑term positives — though short‑term liquidity and exchange pairing changes add volatility.
Price action still heavily correlates with broader market sentiment and news flows, with traders wary of choppy ranges and sentiment swings around key support levels.
Analysts describe NMR as a mid‑cap AI‑crypto token tied more to Numerai’s model growth and staking dynamics than pure speculative hype.
@Numerai $NMR #NMRcoin #nmr