Numeraire Token Surges as AI Hedge Fund Gains Traction
Numeraire (NMR), the token tied to the AI-driven hedge fund Numerai, has seen a massive 30% price hike in the last 24 hours. This surge comes as other top cryptocurrencies struggle due to ongoing tariff uncertainties.
Despite the broader market’s downturn, NMR reached a high of $12.04 on major exchanges. the token’s trading volume also spiked by an impressive 2,900%,defying the global crypto volume increase of just 7.5%.
While NMR’s price climbed by about 30%,its daily trading volume soared from $5.46 million to $156 million. This surge in interest contrasts with the AI token sector,where most top tokens saw declines between 4% and 13%.
Numeraire’s rise is linked to its unique approach of combining AI and blockchain for data science. The token incentivizes data scientists for their contributions in prediction and staking. Recently, Numerai reported over $5.5 million in staking by thes scientists.
Even though NMR’s gains are significant, they pale compared to Pocket Network’s 445% and Livepeer’s 150% jumps. Nonetheless, NMR’s performance marks its best in two weeks, with the price now hovering above $10.
For those interested in learning more about numerai’s AI and blockchain integration, visit their official website.
