STEEM CRYPTO CHALLENGE : Bitcoin Is Booming
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.
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.
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.