Numeraire (NMR), the world's first cryptocurrency launched by a hedge fund and now available on Coinbase Pro, has attracted attention due to its growth and future potential. Numeraire is linked to Numerai, a project leveraging artificial intelligence (AI) to transform the financial industry and one of the top AI crypto projects to watch. Adopting open-source principles, Numerai incentivises accurate stock market predictions by rewarding contributors with NMR. It already made headlines as Quant Fund Manager Numerai's Token rose by 9% following reports of an impressive return. The unique adoption of AI and cryptocurrency by Numeraire is witnessed by it offers to Kaggle signups, providing them with one million dollars in cryptocurrency. The platform is live on Ethereum and serves to reduce AI compute costs dramatically, thus saving millions. That said, the value of NMR has fluctuated, with surges up to 100% and a recent climb to the $18 mark. This has sparked discussions among market watchers who speculate Numeraire's price in the future.Despite these developments, not everyone is optimistic about Numeraire or crypto at large. Notably,
Dr. Doom economist Nouriel Roubini, a notorious critic, argues that bitcoin is neither a currency nor an asset but instead a giant bubble. Such mixed reactions remind us of the inherent volatility and speculation surrounding crypto markets.Finally, whether NMR is a good investment remains to be seen. However, the innovative coupling of AI and cryptocurrency positions it as a unique project in the blockchain space.
Numeraire News Analytics from Tue, 21 Feb 2017 08:00:00 GMT to Tue, 03 Sep 2024 00:03:10 GMT -
Rating +2
- Innovation +8
- Information +7
- Rumor -1
