AI-Themed Crypto Numeraire (NMR) Rallies Over 50%: Analyst Sees Price Further Triplet – Numeraire (NMR/USD)

numeraire nmr/usd Even as top cryptos have surged over 50% in the last 24 hours Bitcoin BTC/USD And Ethereum ETH/USD business silence.

What happened: At the time of writing, NMR was trading at $17.56, a market cap increase of 48% to $105 million since Monday.

Numeraire is the core token of a computer-based hedge fund aimed at predicting trends in the stock market. It is powered by a large set of crowd-sourced machine learning algorithms and AI. This gives computer scientists and developers the opportunity to further advance the predictive capability of the fund.

See more: best crypto apps

An anonymous analyst ‘Javon Mars’ said that NMR prices have ‘rebound with momentum’, forecasting gains of over 210%, target $61.96.

Data from LunarCrush shows that NMR market volume reached $171 million in the last 24 hours, the highest point in the last 90 days.

Price Action: Apex Crypto Bitcoin trading as low as $17,043.42 on Monday evening, According to Benzinga Pro.

Read further: Bitcoin, Ethereum, Dogecoin Struggle With Rate-Hike Worries: Analyst Says Crypto Relief Rally ‘Not Over’

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