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Numeraire is an economic term of French origin, which acts as a benchmark in comparing the value of similar products or financial instruments. A numeraire is usually applied to a single good ...
What Is Numeraire (NMR)? Numerai is an Ethereum-based platform allowing developers and data scientists to experiment and create machine learning models with improved reliability.The platform’s main goal is to bring decentralization to the data science field and allow developers to compete in creating effective machine learning prediction models.
Numeraire is a software acting as a hedge fund that aims to enable users to trade equities on the Ethereum blockchain.. The idea is that users can make trades based on artificial intelligence and on predictions made by a global network of data scientists using blockchain technology to stake cryptocurrency on certain predictions.. Numeraire has two applications aimed at different types of traders:
Numeraire is on the decline this week. The price of Numeraire has fallen by 9.78% in the past 7 days. The price declined by 7.63% in the last 24 hours. In just the past hour, the price shrunk by 0.11%. The current price is $39.7673 per NMR. Numeraire is 60.15% below the all time high of $99.79. The current circulating supply is 10,197,960.942 NMR.
Numeraire is one of the most unique cryptocurrencies to have emerged so far. It also has serious potential as an asset. To understand why, we must first understand its utility within the Numerai ecosystem. Numerai is a hedge fund which describes itself as “the hardest data science tournament on the planet” with rewards paid out in NMR.
The numéraire (or numeraire) is a basic standard by which value is computed.In mathematical economics it is a tradable economic entity in terms of whose price the relative prices of all other tradables are expressed. In a monetary economy, acting as the numéraire is one of the functions of money, to serve as a unit of account: to provide a common benchmark relative to which the worths of ...
Join the hardest data science tournament on the planet. Build the world's open hedge fund by modeling the stock market. Use the power of machine learning and AI (Artificial Intelligence) to earn cryptocurrency on your NMR staked. Over $200,000 paid out every month. Get started quickly with our example models using XGBoost and linear regression.
Numeraire (NMR) Search Trends. There is a correlation between price appreciation and public interest in cryptocurrencies, such as Numeraire. Many cryptocurrency investors use Google Trends, which measures the volume of web searches for a particular topic over time, as a tool to gauge whether public interest is increasing or decreasing for a particular cryptocurrency.
Numeraire Coin Price & Market Data. Numeraire price today is $43.80 with a 24-hour trading volume of $18,438,570. NMR price is down -4.4% in the last 24 hours. It has a circulating supply of 5.8 Million NMR coins and a total supply of 11 Million. If you are looking to buy or sell Numeraire, Coinbase Exchange is currently the most active exchange.
The Numeraire price is forecasted to reach $40.784 by the beginning of October 2021. The expected maximum price is $50.979, minimum price $34.666. The Numeraire price prediction for the end of the month is $40.970. ⭐ In 1 year from now, what will 1 Numeraire be worth? In September 2022, the Numeraire price is forecasted to be on average $41.398.
Numeraire is an ERC20 Ethereum coin. These coins are called intelligent contracts executed on the Ethereum blockchain. All booked Numeraire transactions will be sent directly to Numerai. The Ethereum-Smart Treaty stipulates that there will never be more than 21 million Numeraire coins on the market. After the initial distribution, the smart ...
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