Coins: 10053 Exchanges: 936 Market Cap: $1,225,562,243,650 1.25% 24h Vol: $48,208,812,807.548 Dominance: BTC 46.65%, ETH 18.33%
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Numeraire price

Numeraire Price (NMR)

$13.37

1.61%
Rank #397

Numeraire Price Chart (NMR/USD)

Last updated 02 Aug 2023, 14:15PM UTC. Currency in USD.

Markets
# Exchange Pair Price Spread Volume(24h) Trust
1 Binance NMR / USDT $15.34 0.13% $5,957,643
2 BTSE NMR / USD $13.38 1.62% $1,228,867
3 Binance NMR / BUSD $13.60 0.37% $699,886
4 Bitrue NMR / BUSD $13.40 1.19% $266,369
5 Binance NMR / BTC $13.53 0.37% $266,286
6 BitMart NMR / USDT $13.48 0.44% $247,076
7 Bitget NMR / USDT $13.44 0.30% $146,662
8 LATOKEN NMR / USDT $13.55 0.50% $103,107
9 Upbit NMR / BTC $13.41 1.40% $72,230
10 CoinW NMR / USDT $13.46 0.17% $62,330
11 Coinbase Exchange NMR / USD $12.90 0.08% $61,683
12 OKX NMR / USDT $13.63 0.15% $61,620
13 Bithumb NMR / KRW $13.64 0.34% $55,264
14 Gate.io NMR / USDT $18.33 0.21% $47,533
15 Digifinex NMR / USDT $14.41 0.26% $46,065
16 Coinbase Exchange NMR / BTC $12.08 0.38% $40,971
17 HitBTC NMR / BTC $15.33 0.13% $30,441
18 Bitvavo NMR / EUR $13.53 0.24% $28,810
19 OKX NMR / USDC $17.96 0.39% $28,422
20 MEXC Global NMR / USDT $13.52 0.31% $27,515
21 Bitrue NMR / USDT $20.87 0.14% $20,908
22 LATOKEN NMR / BTC $14.35 0.50% $17,952
23 BingX NMR / USDT $13.41 0.37% $15,103
24 KuCoin NMR / USDT $12.77 0.02% $13,387
25 Kraken NMR / EUR $15.97 2.25% $13,151
26 KuCoin NMR / BTC $12.56 0.32% $11,866
27 Hotbit NMR / USDT $14.31 0.79% $11,170
28 MEXC Global NMR / ETH $13.49 0.72% $8,228
29 CoinEx NMR / USDT $13.47 0.51% $4,820
30 TokoCrypto NMR / USDT $19.16 0.16% $4,423
31 Gate.io NMR / ETH $12.93 2.40% $3,364
32 Coinbase Exchange NMR / GBP $12.09 0.31% $3,106
33 Nominex NMR / BUSD $19.44 0.41% $3,050
34 Coinbase Exchange NMR / EUR $13.46 0.33% $2,859
35 TokoCrypto NMR / BUSD $19.87 0.20% $2,858
36 Nominex NMR / BTC $15.43 0.37% $2,325
37 Crypto.com Exchange NMR / USD $13.49 1.65% $2,024
38 Crypto.com Exchange NMR / USDT $14.17 0.79% $1,496
39 WazirX NMR / USDT $18.13 2.04% $744
40 Kraken NMR / USD $14.17 0.49% $672
41 Bittrex NMR / USDT $13.54 0.47% $137
42 ProBit Global NMR / BTC $17.65 0.17% $58
43 Poloniex NMR / BTC $13.94 3.46% $29
44 ProBit Global NMR / USDT $17.04 2.79% $8
45 Biconomy NMR / USDT $17.03 0.88% $275,559
46 CoinDCX NMR / USDT $11.70 0.17% $208,313
47 Bilaxy NMR / USDT $12.80 1.24% $116,410
48 P2PB2B NMR / USDT $13.49 0.37% $62,734
49 CoinDCX NMR / BTC $13.58 0.39% $29,521
50 P2PB2B NMR / USD $13.52 0.44% $22,730

NMR Price Statistics

$13
24H Range
$14
  • Numeraire Price Now $13
  • 24h Low / 24h High $13 / $14
  • Trading Volume $3,198,616
  • Market Cap Rank #284
  • Market Cap $83,983,734
  • Volume / Market Cap 0.0381
  • All-Time High $93 -85.50%
    May 16, 2021
  • All-Time Low $2 554.30%
    Nov 27, 2018


Understanding Numeraire Cryptocurrency


Introduction


Numeraire is a unique cryptocurrency that has gained popularity in recent years. It is an Ethereum-based token created by Numerai, an artificial intelligence company focused on stock market predictions. Unlike traditional cryptocurrencies, Numeraire represents a stake in a decentralized hedge fund rather than a currency. Let's dive deeper into what makes Numeraire stand out in the crypto market.

How Does Numeraire Work?


Numeraire serves as an incentive mechanism to encourage data scientists to contribute their machine learning models to Numerai's platform. The primary goal of Numerai is to improve the accuracy of stock market predictions by leveraging the collective intelligence and expertise of data scientists worldwide.To participate in Numerai's ecosystem, data scientists must stake their Numeraire tokens, which helps align their interests with the company's objectives. By staking their tokens, data scientists have the opportunity to earn additional rewards if their predictions perform well. Conversely, poorly performing models may result in the loss of their staked tokens.

The Data Science Tournament


Numerai holds weekly tournaments where data scientists can submit predictions based on Numerai's datasets. These datasets contain anonymized financial data that has been processed and encrypted to ensure privacy and security. The predictions submitted by the data scientists are then evaluated based on their accuracy in predicting future stock market outcomes.During the tournament, Numerai uses an innovative technique called "Model Ensembling" to combine and aggregate the predictions from various data scientists. This approach utilizes the collective intelligence of the participants, allowing Numerai to generate more accurate predictions than any single model could achieve alone.

Benefits of Numeraire


Numeraire offers several advantages that set it apart from other cryptocurrencies:1. Unique Purpose: Numeraire is designed specifically for financial modeling and prediction. Its primary goal is to improve the accuracy of stock market predictions by attracting talented data scientists.2. Staking Incentives: The staking mechanism aligns the interests of data scientists with Numerai's success. This encourages participants to contribute high-quality models and predictions.3. Privacy and Security: Numerai's datasets are carefully anonymized and encrypted to protect users' privacy and ensure the security of financial data.4. Collective Intelligence: The Model Ensembling technique allows Numerai to leverage the wisdom of crowds, making predictions more accurate and robust.

Conclusion


Numeraire cryptocurrency offers a unique approach to improving stock market predictions by incentivizing data scientists to contribute their expertise. By staking their Numeraire tokens, data scientists become active participants in Numerai's ecosystem, with the opportunity to earn additional rewards based on the performance of their predictions. With its privacy features and the innovative use of collective intelligence, Numeraire is a promising cryptocurrency for those interested in financial modeling and prediction.