STEEM CRYPTO CHALLENGE : Bitcoin Is Booming

in SteemAlive10 months ago

image.png

source

What is Numeraire?

Numeraire is a cryptocurrency from Numerai, it's established in 2015 by Richard Craib. The cryptocurrency was launched one year after Numerai began operations, and the product was designed to address the challenges that the company faced when operating on the Bitcoin network.

It is an economic term that refers to a unit of exchange. People adopt as a benchmark when comparing similar goods. “Numeraire” is a French word that translates to “face value” or “money.” A numeraire is applied to a single instrument or product, which is then used as a benchmark for the entire market of similar products or financial instruments in an index. A numeraire can also be a currency or a product whose price is set at one. In the monetary economy, money is used as a numeraire. It also serve as the unit of account when determining the value of goods. It means that money, regardless of the currency, acts as the benchmark relative to which the value of goods and services in a market is determined. The numeraire facilitates value comparisons when the relative prices are relevant in the market.

image.png

source

Cryptocurrency Term

The company allows data scientists to download data on the company’s website for use in creating models that predict market movements. The models are created using a combination of machine learning, artificial intelligence, cryptography, and data science. The participants are required to stake several Numeraire tokens to prevent data tampering. Scientists with the top models get back the Numeraire tokens and additional payment in Bitcoins.

image.png

source

It's Future in My Opinion

Walletinvestor predicted future values with technical analysis for a wide selection of digital coins like Numeraire. If I am looking for virtual currencies with good returns then NMR can be a profitable investment option. Numeraire price equal to 34.465 USD at 2020-11-29. If I buy Numeraire for 100 dollars today then I will get a total of 2.901 NMR. I can say that a long-term increase is expected. The price prognosis for 2025-11-22 is 179.815 US Dollars. With a 5-year investment, the revenue is expected to be around +421.73%. My current $100 investment may be up to $521.73 in 2025.
Current Price: 34.37 USD and it's increase 44.97% in this month.

Sort:  

Shared on Twitter
SmartSelect_20201129-232911_Twitter.jpg

It's a good project and the coin is already within the top 100 crypto currencies.

The price prognosis for 2025-11-22 is 179.815 US Dollars. With a 5-year investment, the revenue is expected to be around +421.73%.

But this field is very unpredictable. Anything can happen. We must not put all the eggs in the same bucket !

Yes, it's a good project but we needs to be careful before investing on this.

 10 months ago 

Numeraire is a cryptocurrency from Numerai, it's established in 2015 by Richard Craib. The cryptocurrency was launched one year after Numerai began operations, and the product was designed to address the challenges that the company faced when operating on the Bitcoin network.

To be honest, I have never heard of this coin. Thanks a lot for introducing me this coin. After reading your post, I searched on google and the result was amazing. Numerai is a truly unique project in the world of cryptocurrency. It has an interesting price history too. I was interested in investment on NMR but NMR’s suspicious supply stopped me.

Thank you. If you want to invest on this then you have to gather much knowledge on this. It's more difficult than any other currency. There are mathematical terms to understand this. It's a profitable currency. You can go for it.

Никогда не слышала об этой монете) Благодарю за информацию!

Thank you 😊

 10 months ago 

Wow this is all new to me, I haven't heard about this coin and to think it's worth 34$ makes the whole thing insanely surprising.

Thanks for the great information you out up bro, it seems like a very good project and I am curious, maybe I will add it to my portfolio, who knows😃😃.
#twopercent #nigeria

Thank you for your compliment. It's my pleasure that I can help you learn about this Numeraire through my post. This coin is surprisingly insane. I think you can invest on this but I will say that, before you invest on any cryptos then first you research on that more deeply.

Thank you for taking part in the Bitcoin is Booming Crypto Challenge.

Keep following @steemitblog for the latest updates.

The Steemit Team

Thank you for your support 😊