Numeraire (NMR) Price

Numeraire (NMR) is an Ethereum-based cryptocurrency token that powers the Numerai platform, a decentralized hedge fund focused on machine learning and data science. Ranked #412 with a current price of $8.944, NMR serves as the incentive mechanism for data scientists who build prediction models on the platform. The token is used for staking when submitting predictions, with rewards distributed to successful contributors and penalties for poor performance. As of 2026-05-07, NMR has a market cap of $62.95M with 7.03M NMR in circulation out of a maximum supply of 11.00M NMR. The token incorporates AI and big data applications within the DeFi ecosystem, making it unique among cryptocurrencies. NMR has shown +0.22% price movement in the last 24 hours with a trading volume of $1.61K.

Numeraire was created on June 23, 2017, when it was launched on the Ethereum blockchain as an ERC-20 token. The project was developed by Numerai, a hedge fund that uses artificial intelligence to process data from thousands of anonymous data scientists. Numeraire was designed to incentivize data scientists to build accurate prediction models for financial markets and stake tokens on their confidence in these predictions.

Numeraire was founded by Richard Craib in 2015. Craib has a background in mathematics and economics from Cornell University and previously worked as a data scientist at an asset management company. He created Numeraire as the native token for Numerai, a hedge fund built on blockchain technology that uses artificial intelligence to process financial data. The token operates on the Ethereum blockchain as an ERC-20 token and serves as the incentive mechanism for data scientists who contribute to the platform's prediction models.

Numeraire (NMR) is an ERC-20 token that operates on the Ethereum blockchain. It functions as the native cryptocurrency for the Numerai platform, which is a hedge fund that uses artificial intelligence for stock market predictions. The core mechanism of NMR involves data scientists staking their tokens on machine learning models that predict stock market movements. When these predictions are accurate, participants are rewarded with additional NMR tokens. Conversely, if predictions are incorrect, staked tokens may be burned. This token economy creates a powerful incentive system where: - Data scientists stake NMR on their predictions - Accurate predictions earn rewards - Poor predictions result in token loss - The collective intelligence improves Numerai's hedge fund performance With a current price of $8.944 and a market cap of $62.95M, NMR has a maximum supply of 11.00M NMR tokens. The token's utility extends beyond rewards, as it's also used for governance within the Numerai ecosystem.

Numeraire operates on the Ethereum blockchain as an ERC-20 token, leveraging Ethereum's security and smart contract functionality. The technical architecture of NMR is designed specifically for the Numerai platform's prediction market ecosystem. Key technical components include: 1. Staking mechanism: Data scientists stake NMR tokens on their machine learning models, with rewards or penalties based on prediction accuracy. 2. Smart contracts: These govern token distribution, staking rules, and tournament payouts automatically. 3. Burn mechanism: A portion of NMR tokens are permanently removed from circulation when models perform poorly, creating deflationary pressure. 4. Tournament infrastructure: The backend system processes thousands of predictions weekly, evaluating model performance against financial market outcomes. 5. Erasure Protocol: This cryptographic framework ensures data scientists are accountable for their predictions through immutable records. With a maximum supply of 11.00M NMR tokens and 7.03M NMR currently in circulation, NMR's architecture balances security, incentive alignment, and scalability for its AI-driven prediction marketplace.

Numeraire has a promising future with several key developments on its roadmap. As a cryptocurrency powering the Numerai hedge fund's prediction market platform, NMR is focused on expanding its AI and machine learning capabilities through 2026-2027. The roadmap includes enhancing the staking mechanism, improving data scientist rewards, and expanding cross-chain functionality. By 2028, Numeraire plans to introduce more sophisticated prediction markets and integrate with additional DeFi protocols. With its current price at $8.944 and market cap of $62.95M, NMR aims to reach approximately $15 by 2031 as adoption increases. The maximum supply is capped at 11.00M NMR, creating potential scarcity value as the platform grows. The team is also developing new governance features to give token holders more influence over the platform's direction, positioning Numeraire as a leading asset in the AI-powered prediction market space.

Numeraire is rising due to growing interest in its AI-driven predictive models for hedge funds, recent venture capital investments, and positive market sentiment around its unique data science network. The token's utility in rewarding accurate predictions is gaining traction in the +0.22% market.

Numeraire is currently dropping due to market sentiment shifts, profit-taking after recent gains, and the broader crypto market correction. Despite showing +0.22% today, its recent -- monthly decline reflects ongoing bearish pressure and reduced investor confidence in AI-related tokens.

Numeraire could reach around $9.97 by September 2026, with projections of $22-26 by 2028 and potentially $46-55 by 2029, based on expert analysis of market trends and technical factors.

Numeraire is expected to rise to $9.97 by September 2026. Long-term projections suggest NMR could reach $22.25 by 2028 and potentially $55.03 by 2029, based on market analysis and growth patterns.

The current price of Numeraire (NMR) is $8.944. As the #412 cryptocurrency by market cap, NMR has seen a +0.22% change in the last 24 hours with a trading volume of $1.61K.

The highest price Numeraire has ever reached was $93.15, recorded on May 16, 2021. This all-time high represents the peak valuation in Numeraire's trading history since its launch.

The lowest price of Numeraire ever recorded was $1.93 in November 2018, which represents NMR's all-time low since its launch.

Currently, 1 NMR is worth $8.944.

Numeraire is valuable as it powers Numerai's prediction models with a capped supply of 11 million tokens. Users stake NMR on models and earn rewards based on performance, creating utility and scarcity that drives its value.

As of 2026-05-07, there are 7.03M NMR Numeraire coins in circulation, with a maximum supply cap of 11,000,000 NMR. The total supply currently stands at 10,670,761 NMR.

No, Numeraire (NMR) is not mineable. It's an ERC-20 token on Ethereum that uses a staking mechanism instead of mining. Users earn rewards by staking tokens and contributing to the platform's data science competitions rather than through traditional mining operations.

Numeraire was launched on June 21, 2017. It was created as an ERC-20 token on the Ethereum blockchain to power the Numerai prediction market platform.

Currently, one NMR costs $8.944.

You can buy Numeraire through centralized or decentralized exchanges(Gate.com). Simply create an account, complete identity verification, deposit funds, and place an order to buy NMR at $8.944. Crypto ATMs also offer direct purchases.

To purchase NMR, create an account on a reputable cryptocurrency exchange(Gate.com), complete identity verification, deposit funds using bank transfer or card, navigate to NMR trading pair, enter purchase amount, and confirm your transaction. Store your NMR in a secure wallet for safekeeping.

Yes, Numeraire is a legitimate cryptocurrency backed by a reputable hedge fund. It's used in their data science model and ranked #412 with a market cap of $62.95M. The project has strong institutional backing and operates on the Ethereum blockchain.

Numeraire (NMR) is an Ethereum-based cryptocurrency that powers the Numerai platform, which enables data scientists to build machine learning models for financial predictions. Currently ranked #412, it has a market cap of $62.95M with 7.03M NMR in circulation.

Numeraire (NMR) is currently worth $8.944, ranking #412 with a market cap of $62.95M. The price has changed +0.22% in the last 24 hours with a trading volume of $1.61K. The circulating supply is 7.03M NMR out of a maximum 11.00M NMR.

Currently, 1 NMR is worth $8.944. This price reflects the real-time market value as of 2026-05-07.

The all-time high for Numeraire is $168.49, which was reached on June 25, 2017. This represents a significant milestone in NMR's price history, approximately 95% higher than its current value of $8.944.