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Numeraire Price Prediction

Jan 11, 2023
5 min read

This blog post will cover:

  • NMR statistics
  • Numerai Roadmap
  • Crypto community about NMR
  • NMR Price Prediction
  • NMR Price Prediction 2025
  • NMR Historical Price Analysis

Numerai is a platform that runs on Ethereum and acts like a hedge fund. The goal of the project is to allow users to trade shares on the Ethereum blockchain. So the idea is that users can transact based on artificial intelligence and predictions made by a global network of data scientists using blockchain technology to place cryptocurrency bets on certain forecasts.

NMR is a platform token that allows customers to bet on results, make payouts, perform data analysis, and reward tournament participants for accurate predictions.

NMR statistics

Let's look at the data on the NMR token on the CoinMarketCap service:

Price prediction at 01.24.2024:
NMR price: $17.195079968574305
Market capitalization: $105755192.73801045
Volume (24h): $8114882.31872823
Circulating supply: 6150317.00528805 NMR
Total supply: 10761456.82479191 NMR
Max supply: 11000000 NMR

Numerai Roadmap

The Numerai platform was founded in December 2015. And the current version of the Numeraire hedge fund was launched in September 2019. 2020 has been a tough year for the company, but they still stand out in the market this year among blue chip quant hedge funds.

At the moment, the roadmap for 2022 has not been published. Let's look at events that have happened recently.

  • A new Numerai Signals system has appeared. It allows the company to receive and reward stock market signals.
  • A new version of the Numerai dataset was released. It significantly increases the amount of built-in information, as well as 3 times the features and 5 times the amount of training data.

Crypto community about NMR

Many crypto enthusiasts constantly monitor the price dynamics of the NMR token and predict its growth.

However, on January 29, 2022, the token entered the ranking of the most unprofitable cryptocurrencies for that day.

NMR Price Prediction

Price prediction at 01.24.2024:
Minimum NMR price for 2023: $4.030233333333333
Maximum NMR price for 2023: $32.694533333333325
Average NMR price for 2023: $17.13175235302332

Year-end NMR price predictions 2023:
Minimum expected: $4.284451612903225
Maximum expected: $24.81141935483871
Average expected: $14.405322580645166

NMR Price Prediction 2025

As of 31/01/2022:

According to WalletInvestor, the price of NMR will be around $80 at the beginning of 2025 and rise to $100 by the end of the year. Analysts at DigitalCoinPrice believe that the average price will be between $48 and $61.

NMR Historical Price Analysis

As of 07/02/2022:

All time High - $168.49 (Jun 25, 2017)All time Low - $1.93 (Nov 26, 2018)

In June 2017, the NMR token reached its maximum of $168.49. Just shortly before that, the company published a statement on its Twitter that all tokens would be issued on the Ethereum blockchain.

Already in mid-July, its price dropped to $17. But then it gradually began to grow and in January 2018 it reached $52. From March 2018 to April 2020, the price of the NMR token fluctuated between $17 and $21. In mid-August 2020, the price rose again to $55. And already in March 2021, the price of the token soared to $90, followed by a price correction and the token was sold at $55. This was followed by constant price jumps from $26 to $51.

In general, Numerai can be described as a software or social network for hedge funds. This development allows users to create prediction models for various companies and funds by collecting and analyzing forecast data from involved specialists. The project team is constantly striving for development, so let's wait for its new updates!

SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.

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