Numeraire (NMR) Price Prediction 2021-2025: Will NMR Surpass $40 by 2021?
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Like any other cryptocurrency, Numeraire also faces a high level of volatility, therefore, it is important to understand NMR prediction and trade appropriately.
Investigating what the Numeraire Team will focus on in the coming months will assist you in determining whether or not you should invest in NMR crypto.
In this article, we will look at both technical and fundamental analysis of the Numeraire coin (NMR) and the Numeraire price prediction for 2021-2025.
What Is Numeraire (NMR)?
For prediction betting, the Numeraire Token (NMR) is used by crypto users. This kind of platform offering is known as Proof of Intelligence. It is the first of its type and rewards experts who can correctly predict the outcome.
The Numeraire smart contract receives the tool from the users. So, after examining the expert's prediction (is accurate), Numeraire tokens are offered as compensation to them.
The forecaster risks losing his NMR tokens if the forecast is inaccurate. Furthermore, the Numeraire algorithm generates a total of 21 million tokens, the first of which is allocated to experts.
The NMR currency did not have an initial coin offering (ICO), and speculation on the coin was not allowed to anyone, including hackers. Instead of holding an ICO, the team distributed NMR tokens proportionally among Numeraire's data scientists. NMR was also used right away by its recipients, instead of waiting to figure out if it is usable or not.
Therefore, Numeraire cryptocurrency is a data analysis platform token, whose goal was to construct a platform that would create forecast models for various organizations' funds based on the experts' forecasts.
This hedge fund software empowers the crypto social network. That's why the NMR price follows a positive trend.
Let's take a look at how the Numeraire coin will perform in terms of price.
Price Analysis of the Numeraire
Flashback: Fundamental Price Analysis of NMR
Numeraire's market capitalization stands at $214.02 million. However, it is a non-mineable token. The highest Numeraire coin price ever paid was $99.79 on June 25, 2017. Nonetheless, on November 26, 2018, the coin reached its lowest point at $1.93 per coin.
This trend did not continue for long as the price of NMR began to rise in February 2020. For the first time in two years, the coin touched $17.2 in March 2020.
Numeraire (NMR) Price Prediction 2021
By the beginning of September 2021, the Numeraire price is expected to reach $36. The maximum projected price is $45, with a minimum price of $30, and at the end of the month, the Numeraire price forecast is $36.4.
By the beginning of November 2021, the Numeraire price is expected to hit $36.5. The maximum projected price is $45.9, with a minimum price of $31.2, and by the end of November 2021, the Numeraire price forecast is $36.7. There will be a slight hike in NMR coin price in December 2021 and the coin will reach $36.88.
Numeraire (NMR) Price Prediction 2022
In February 2022, the price of NMR will reach $37, and in June 2022, it is expected to reach $46.39. Nonetheless, the expected lowest price is $31.54. By the end of December 2022, the average price of an NMR coin will be $36.12. However, it may decline to $30.7 too.
Numeraire (NMR) Price Prediction 2023
The NMR coin will welcome January 2023 at the price of $44.7, and in April, its price will decline to $43. However, in August 2023, it will decline to 39.54, representing a $3.46 decline in NMR's price. Despite this decline, the NMR price is expected to reach an all-time high of $53.4.
Numeraire (NMR) Price Prediction 2024
The price of the Numeraire coin will decline to $35.73 in January 2024, whereas it will rise to $43.24 in May 2024 and further increase to $54 in December 2024.
Numeraire (NMR) Price Prediction 2025
In 2025, the Numeraire price is expected to reach its lowest point of $164. However, with an average predicted price of $170, the NMR price might reach a maximum probable amount of $196.
Numeraire (NMR) Price Prediction: Market Sentiment
The price analysis of Numeraire coin by various media outlets is discussed below:
Wallet Investor
NMR is a good coin for long-term investment, according to the Wallet Investor media outlet. By the end of 2021, the NMR coin price can rise to $17.3 from $15.5. Its long-term earning potential is +11.43 percent, and the price of the NMR coin might reach $23.8 by the end of 2022. The price won't vary much in 2023, staying at $26.1. This trend is expected to continue until the end of 2025.
Digital Coin Price
The Digital Coin Price also considers NMR as a profitable investment in the long run. The coin's price will rise to $46 in 2022. The rate will steadily climb until it reaches $63 in 2025.
Trading Beasts
The Trading Beasts algorithm predicts that the price of an NMR coin will be about $9, and then the price may slightly increase to $11 in 2021. Moreover, due to the optimistic behavior of the investors, its price will further rise to $15 by 2022. The price of one NMR coin will only reach $18 by the end of 2023.
Gov Capital
The current price of NMR is $37.3 as of August 03, 2021, and Gov Capital's NMR price prediction shows an uptrend for the past year. Because Numeraire has been trending upward, it believes that similar market sectors were quite popular during the time period in question.
Coin Arbitrage
According to Coin Arbitrage, the Numeraire price will be approximately $74 by the end of 2022, and it may easily reach $120 by the end of 2023.
Our Numeraire (NMR) Price Prediction
On May 16, 2021, the NMR coin price achieved $93, which is the highest price since its inception. However, according to the latest market watch, the Numeraire price has dropped by -0.99 percent in the previous 24 hours. Moreover, it is trending downwards by -0.17 percent.
In addition, the price of Numeraire climbed by 13.46 percent (weekly basis). However, on a monthly basis, Numeraire's price has increased by 19.9%. In contrast, whereas, its price has increased by 101.8 percent than last year.
It is critical to consider reward and risk when evaluating whether Numeraire (NMR) is a good investment for you. We can forecast the NMR price based on the Numeraire project's fundamentals and the project's teams' roadmap milestones.
We believe Numeraire (NMR) has a high possibility of reaching $120 by the end of this year, based on current trends, investor attitude, and the overall direction of the cryptocurrency industry.
Because the cryptocurrency market is highly uncertain and difficult to forecast in the long run, researching Numeraire's progress is critical before opting to invest any amount of money for the long term with the intention of hodling it.
Therefore, we suggest you critically analyze the information before making any investment decision.
Conclusion
NMR coin is a hedge fund that bills itself as the world's toughest data science platform, which compensates users in the form of NMR tokens. The project's purpose is to boost its investment yields by building data models that can empower predictions.
Numeraire is expected to compete with the traditional hedge fund industry and become the world's first hedge fund power charger.
Since its inception, Numeraire has experienced a lot of adjustments. For instance, it had a maximum quantity of 21 million units at first. Nonetheless, without any initial coin offering (ICO), 1 million NMR tokens were airdropped to Numerai's active users (which at that time numbered roughly 12,000).
In June 2017, it was first introduced to the crypto market at a price of $25. It soared to over $150 a few days later before progressively bouncing to $20 for the rest of 2017.
However, the Numeraire coin fastly recovered and reached $39 in 2021. Based on Numeraire (NMR) price prediction, it is expected to reach at least $40 by the end of 2021. However, as the market is unpredictable, nothing lasts forever.