The edge that pays for itself.
Numeraire (NMR) Price
Numeraire Price
Technical Analysis
Daily indicators based on 1d candle data
DeFi Analytics
Advantages of Cryptocurrency
Decentralization & Financial Freedom
Cryptocurrencies operate on decentralized networks, removing the need for intermediaries like banks. This enables peer-to-peer transactions, financial inclusion for the unbanked, and resistance to censorship or government control.
Transparency & Security
Blockchain technology provides an immutable, transparent ledger of all transactions. Cryptographic security makes it extremely difficult to counterfeit or double-spend, offering strong protection against fraud.
Global Accessibility
Anyone with an internet connection can send and receive cryptocurrency worldwide, 24/7, without geographic restrictions or banking hours. This is particularly valuable for international remittances.
Investment Potential
Cryptocurrencies have demonstrated significant long-term appreciation potential. Early investors in Bitcoin and Ethereum saw extraordinary returns, and the asset class offers portfolio diversification benefits.
Risks of Cryptocurrency
High Volatility
Cryptocurrency prices can fluctuate dramatically – often by 20–50% or more within short periods. This high volatility makes them inherently risky investments, and significant capital losses are possible.
Regulatory Uncertainty
The regulatory landscape for cryptocurrencies is still evolving globally. Sudden regulatory changes can significantly impact prices and accessibility, creating legal and compliance risks for investors and businesses.
Security Risks
Hacks, scams, and phishing attacks are prevalent in the crypto space. The irreversible nature of blockchain transactions means stolen funds are rarely recovered. Users must secure their private keys and wallets diligently.
Environmental Impact
Proof-of-Work cryptocurrencies like Bitcoin require substantial computational energy, raising environmental concerns. While the industry is transitioning toward more energy-efficient consensus mechanisms, the carbon footprint remains a significant criticism.
History of Cryptocurrency
The history of cryptocurrency begins with Bitcoin, introduced in 2009 by the pseudonymous Satoshi Nakamoto. The Bitcoin whitepaper, published in October 2008, proposed a peer-to-peer electronic cash system enabling online payments directly between parties without going through a financial institution.
Bitcoin's first recorded commercial transaction occurred in May 2010 when Laszlo Hanyecz paid 10,000 BTC for two pizzas – a transaction now celebrated annually as Bitcoin Pizza Day.
The Rise of Altcoins
Following Bitcoin's success, thousands of alternative cryptocurrencies (altcoins) emerged. Ethereum, launched in 2015 by Vitalik Buterin, introduced smart contracts – self-executing agreements coded into the blockchain – enabling decentralized applications (dApps) and decentralized finance (DeFi).
The ICO Boom and Market Crash
The years 2017–2018 saw an explosion of Initial Coin Offerings (ICOs), where new projects raised funds by selling tokens. Bitcoin reached nearly $20,000 in December 2017 before crashing dramatically in 2018, triggering a prolonged crypto winter.
Institutional Adoption
The 2020–2021 bull run saw unprecedented institutional interest, with companies like MicroStrategy and Tesla adding Bitcoin to their balance sheets. Bitcoin hit new all-time highs above $60,000. The launch of Bitcoin ETFs and growing regulatory clarity further legitimized the asset class.
DeFi, NFTs & Web3
Decentralized finance (DeFi) protocols, non-fungible tokens (NFTs), and the broader Web3 movement transformed the cryptocurrency landscape. Platforms like Uniswap, Aave, and OpenSea enabled entirely new financial and digital ownership models.
Today, the cryptocurrency market encompasses thousands of digital assets with a combined market capitalization in the trillions of dollars, representing a fundamental shift in how the world thinks about money, finance, and digital ownership.
Exchange
| Exchange | Market Pair | Price | Depth +2% | Depth -2% | Volume 24H | Volume % | Type | Liquidity Rating | Freshness |
|---|---|---|---|---|---|---|---|---|---|
| Gate | NMR/USDT | 7.21 | 28,432.02 | 37,060.30 | 1.19 M | 0.05 | cex | 456.00 | 7/9/2025, 6:23 AM |
| MEXC | NMR/USDT | 7.21 | 77,937.94 | 94,172.10 | 527,873.42 | 0.02 | cex | 494.00 | 7/9/2025, 6:18 AM |
| Hotcoin | NMR/USDT | 7.21 | 2,650.12 | 2,168.71 | 524,756.34 | 0.07 | cex | 178.00 | 7/9/2025, 6:23 AM |
| XXKK | NMR/USDT | 7.21 | 54,870.49 | 78,394.43 | 523,886.80 | 0.04 | cex | 66.00 | 7/9/2025, 6:21 AM |
| Binance | NMR/USDT | 7.21 | 44,857.29 | 53,778.78 | 445,078.54 | 0.00 | cex | 526.39 | 7/9/2025, 6:23 AM |
| Deepcoin | NMR/USDT | 7.21 | 0.00 | 0.00 | 336,218.95 | 0.06 | cex | 0.00 | 7/9/2025, 6:21 AM |
| BitMart | NMR/USDT | 7.22 | 31,152.42 | 32,876.19 | 336,031.40 | 0.02 | cex | 348.00 | 7/9/2025, 6:21 AM |
| UZX | NMR/USDT | 7.21 | 564,653.19 | 580,588.46 | 255,377.97 | 0.02 | cex | 493.00 | 7/9/2025, 6:21 AM |
| BTCC | NMR/USDT | 7.21 | 96,207.18 | 251,961.34 | 225,121.15 | 0.04 | cex | 359.00 | 7/9/2025, 6:18 AM |
| LBank | NMR/USDT | 7.21 | 40,258.65 | 65,442.08 | 210,737.24 | 0.01 | cex | 427.00 | 7/9/2025, 6:21 AM |
Numeraire FAQ
Numeraire is an Ethereum-based platform designed for developers and data scientists to experiment and develop machine learning models with enhanced reliability. The primary objective of the platform is to decentralize the data science field, enabling developers to compete in crafting effective machine learning prediction models. Established in late 2015 in San Francisco, Numerai asserts its position as the first hedge fund to introduce a cryptocurrency to the market. In contrast to traditional hedge funds, Numerai depends on the data and predictions generated by tournament participants to engage in the stock market. They claim to be the first hedge fund to extensively integrate machine learning into its investment strategy.
Richard Craib is the founder and CEO of Numerai. He completed his undergraduate studies at the University of Cape Town in 2008, later earning another bachelor's degree from Cornell University. Additionally, he spent a year at UC Berkeley. Craib's professional journey began with the establishment of Numerai and led to his recognition as a Forbes 30 Under 30 honoree. Richard Craib is widely acknowledged for his innovative approach to hedge fund management, notably implementing a groundbreaking reliance on artificial intelligence for stock price prediction. Furthermore, Numerai has established one of the largest global data science competitions.
Numerai and the Numeraire (NMR) token are distinctive in concept and creation, noted as the first cryptocurrency launched by a hedge fund. A primary advantage of the NMR token is its distribution to data scientists who develop successful models in the Numerai tournament. As participation in the tournament increases, the token's value is likely to rise, driven by the growing competition. Additionally, the models submitted for the tournament enable Numerai to engage actively in stock market trading, leveraging outcomes derived from the participating projects. This innovative method of stock trading positions Numerai among the few hedge funds that place significant reliance on AI-generated data predictions.
The maximum supply of Numeraire (NMR) is capped at 11,000,000 tokens. Originally, the supply cap for Numeraire was set at 21 million tokens; however, in 2019, the platform announced a reduction of this maximum by more than half. In a press release dated 2018, Numerai disclosed that three million NMR tokens would remain locked until 2028, after which they would be released as rewards for tournament participants. Notably, the Numeraire token did not undergo an initial coin offering (ICO). Instead, Numerai chose to distribute 1 million NMR tokens among 12,000 users with the highest activity on the platform. NMR tokens are burned on a weekly basis. This occurs when tournament participants who propose losing models and predictions forfeit their stake in the competition.
As an ERC-20 token, Numeraire (NMR) is secured by the Ethereum proof-of-stake (PoS) consensus mechanism. This mechanism selects validators and block creators based on the amount of NMR tokens they have staked. ERC-20 tokens are gaining popularity due to their versatility in various applications. Despite this, the Ethereum blockchain continues to provide robust security, comparable to blockchains that utilize different security protocols. Unlike the proof-of-work (PoW) consensus mechanism, PoS does not depend on high electrical or computational power consumption for token creation. This makes PoS significantly more scalable and suitable for a variety of applications.
Numeraire is gaining traction as the hedge fund's performance improves and an increasing number of data scientists engage in the weekly tournament. If you are interested in trading NMR, several exchanges now provide access to this token. As of February 2021, Coinbase Pro boasts the highest trading volume for NMR/USD. Other notable exchanges with significant trading volumes include Binance, DigiFinex, and Bilaxy. Learn more about purchasing cryptocurrency here.
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