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Cryptocurrencies/Coins/Numeraire (NMR)
Numeraire price, market cap on Coin360 heatmap

Numeraire(NMR)

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$25.8418
(-9.54%)
0.00040684 BTC
Market Cap (Rank#302)
$162,273,824
2,555 BTC
Vol 24h
$4,703,559
74.0497 BTC
Circulating Supply
6,279,506.26
Max Supply
11,000,000
308 days agocryptodaily
10 Promising AI cryptocurrencies to watch in 2023
Cryptocurrencies, like InQubeta (QUBE), that are linked to artificial intelligence (AI) have emerged as the top altcoins to buy as crypto investors look to capitalize on what many industry experts like Bill Gates have already predicted will be the next technological revolution. Gates has already warned that the world should expect to see many major changes within a few years. The InQubeta presale is attracting lots of global investors as it’s the first platform to create a simpler yet secure way for anyone, anywhere to buy equity in artificial intelligence startups. InQubeta isn’t the only AI-linked altcoin that has been getting lots of attention lately. Others like Fetch.ai and Singlularity.NET are also seeing an influx of bullish investors. Even mainstream corporations that help to push innovations like Nvidia, which provides chips for AI software, have also seen a substantial increase in investment funds. Nvidia recently became a trillion-dollar corporation after announcing that the demand for chips that power AI software has increased by over 50%. InQubeta emerges as leader of AI cryptocurrencies Also known as machine learning, artificial intelligence is a type of software system that’s based on neural networks. The technique was created decades ago, but couldn’t be used to its full potential until new computing resources were developed. Thanks to AI, vehicles with self-driving capabilities are already being mass-produced and many people have smartphones with effective image and voice recognition tools. Companies like Tesla® are already working on humanoid robots that can perform manual labor and domestic tasks. Even Wall Street has been firmly behind the AI revolution, with investments in the sector rising by over $100 billion from 2015 to 2022. Total investments in firms linked to AI are predicted to exceed $1.5 trillion by 2030. A large portion of these funds will go into AI-linked cryptocurrencies. The top ten ones are: 1. InQubeta (QUBE) InQubeta (QUBE) provides a platform that allows startups that focus on artificial intelligence to connect with potential investors. It bypasses the barriers associated with conventional investment channels like needing Silicon-Valley-type connections or being able to afford minimum account deposits that exceed the average person’s annual income. Firms raise money on the InQubeta platform by creating non-fungible tokens (NFTs) that denote equity and other bonuses in their companies. The NFTs are fractionalized, allowing investors to invest as little or as much as they want. They become equity-owning associates, while the company gets the capital it needs to innovate. Transactions are done with the platform’s native currency, $QUBE tokens. AI is expected to be, at the very least, as disruptive as the Internet revolution was. Those who invested in companies that quickly capitalized on the new opportunities created by the internet have made substantial returns on their investments since. For example, a $10,000 investment in Amazon during its initial public offering in 1997 would be worth more than $2.2 million today. Thanks to InQubeta, everyone can now invest in companies that will push innovations in the sector. InQubeta investors can earn extra bonuses by staking their $QUBE to help secure and run the blockchain. Rewards are sent periodically from a dedicated pool that is funded with a 5% sell levy on all $QUBE transactions. $QUBE tokens also give investors access to the platform’s governance, allowing them to suggest and vote on issues that affect the project’s development and future. Visit InQubeta Presale 2. Fetch.ai (FET) Fetch.ai is another interesting AI-driven cryptocurrency platform that has been getting lots of attention lately. It aims to automate web transactions on its decentralized platform. Each user gets a digital version of themselves called a ‘digital twin’ that learns, interacts, and negotiates with the digital twins of goods or service providers. Digital twins use set parameters given by users to negotiate on their behalf. For example, a user’s digital twin might interact with the digital twins of concert ticket sellers to find the best deals for a specific event. These digital twins can also interact with other digital twins that have performed similar tasks in the past and learn from them. Fetch.ai digital twins can also be used for decentralized financial services. For example, a user’s digital twin can notice price differences of a specific token on different cryptocurrency exchanges and take advantage of them autonomously. Bill Gates recently predicted that services like the ones provided by Fetch.ai would be the first to cause major disruptions as it has the potential to change how people shop online. 3. Singlularity.NET (AGIX) Singularity.Net is a decentralized AI marketplace that uses blockchain technology to provide unrestricted access to applications and algorithms. One of the platform’s main goals is to create Artificial General Intelligence from all the interactions between different AI algorithms. Singularity.NET hosts its platform on the Cardano (ADA) and Ethereum (ETH) blockchains and anyone can use the learning models created on it. Its native currency the AGIX is used to pay transaction fees and purchase products. Over 70 AI services are already available on the platform and the user-friendly interface makes it easy for non-developers to navigate the space. 4. The Graph (GRT) The Graph provides a system for querying and indexing data from blockchains, much like a search engine’s index and query data from websites. The Graph’s platform does this by organizing data into subgraphs. It’s built on the Ethereum blockchain and it allows anyone to build and publish APIs that applications can query with GraphQL to secure blockchain data. Visit InQubeta Presale 5. Ocean Protocol (OCEAN) Ocean Protocol provides an Ethereum-based platform that allows individuals and businesses to monetize and exchange data and data-based services. For example, it can give researchers access to the data without the data holder having to relinquish it. While many cryptocurrencies had a rough time in 2022, Ocean prices kept growing before finally coming down in early 2023. 6. Cortex (CTXC) Cortex provides a peer-to-peer, open-source, decentralized blockchain-based platform that supports uploading and executing AI models on the distributed network. It aims for AI democratization where models can be integrated into smart contracts to create AI-powered decentralized applications. Cortex hasn’t enjoyed the price growth many other AI-driven cryptocurrencies have recently seen, but it has the potential to create a new class of decentralized applications and smart contracts in the future. 7. iExec RLC (RLC) IExec offers a blockchain network that users can use to monetize their computing power or access on-demand computing resources. RLC is the network's native currency and it’s used to pay transaction fees on the blockchain. The iExec platform is currently the leading blockchain-based decentralized computing platform and it also allows users to monetize data sets and applications. iExec supports applications used in various fields like fintech, rendering, AI, and healthcare. iExec aims to reinvent the cloud computing space by creating a new blockchain-based cloud paradigm. iExec’s platform relies on XtremWeb-HEP, which is an open-source grid software that allows for features like security, data management, private infrastructure, and the development of virtual images. Visit InQubeta Presale 8. Numeraire (NMR) Numeraire runs an AI-powered blockchain network that acts like a hedge fund on behalf of users, using machine learning and artificial intelligence to invest in global stock markets. Its native currency the Numeraire is used to pay transaction fees on the network. The Numeraire blockchain is Ethereum-based, allowing data scientists and developers to experiment and develop machine learning models. The platform aims to decentralize the data science field while allowing developers to make more effective machine-learning models. Numeraire claims the title of being the first hedge fund to launch its cryptocurrency, but unlike conventional hedge funds, it uses predictions made by users to select stocks. It heavily relies on machine learning for its investment strategies. 9. dKargo (DKA) dKargo is a blockchain network that uses artificial intelligence to address issues in the logistics industry by providing credible data to participants. The network also helps to establish efficient logistics networks based on improved communication provided by blockchain technology. The dKargo platform helps to address trust issues created by split logistic nodes by using blockchain technology to enhance communication and create collaboration-based logistic networks that would be impossible without blockchain technology. The platform also provides Web3 logistic services. It gives users optimized routes and logistics that couldn’t have been possible with the structure of silo logistics. 10. Phala Network (PHA) Phala Network also provides AI-augmented blockchain-based cloud computing services, but its main focus is privacy. The platform is positioned as a decentralized alternative to traditional cloud computing providers like Google Cloud or Amazon AWS. PHA is its native currency and used for various things like purchasing computing resources, paying data exchange fees, and security guarantees. Phala Network provides users with contract-based data exchange infrastructure for standardized trading protocols, analysis, and collection. PHA also serves as the platform’s governance tokens giving users a say in the platform’s development and operations. Summary 2023 has been the year of AI-linked cryptos as they emerge as the top altcoins to buy. Investors remain bullish on these tokens that are driven by artificial intelligence while generally feeling bearish about most cryptocurrencies. AI-linked cryptos are taking over the crypto space and their futures look bright with a total of $1.5 trillion expected to be funneled into the AI sector. Visit InQubeta Presale Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

About Numeraire?

The live price of Numeraire (NMR) today is 25.8418 USD, and with the current circulating supply of Numeraire at 6,279,506.26 NMR, its market capitalization stands at 162,273,824 USD. In the last 24 hours NMR price has moved -1.2479 USD or -0.05% while 4,947,403 USD worth of NMR has been traded on various exchanges. The current valuation of NMR puts it at #302 in cryptocurrency rankings based on market capitalization.

Learn more about the Numeraire blockchain network and how it works or follow the price of its native cryptocurrency NMR and the broader market with our unique COIN360 cryptocurrency heatmap.

Introduction

Numeraire (NMR) is a unique cryptocurrency that serves as a backbone for a decentralized, crowd-sourced hedge fund. It was developed by Numerai, a San Francisco-based hedge fund, to incentivize data scientists to create predictive models. The main goal of Numeraire is to create a synergistic network where everyone can contribute to making the financial market more efficient.

Technology & Mechanism

Consensus Mechanism

Numeraire operates on the Ethereum blockchain, utilizing the Proof-of-Stake (PoS) consensus mechanism. This mechanism allows for faster transaction times and increased scalability compared to traditional Proof-of-Work systems.

Blockchain Technology

As an ERC-20 token, Numeraire leverages the robust and secure Ethereum blockchain. This allows for seamless integration with other Ethereum-based applications and services.

Key Features

Scalability

Thanks to the Ethereum blockchain and PoS consensus mechanism, Numeraire offers high scalability, allowing for a large number of transactions to be processed quickly.

Security

Numeraire benefits from the security features of the Ethereum blockchain, which is considered one of the most secure blockchain platforms.

Privacy

While transactions are transparent on the blockchain, the identity of participants remains anonymous, ensuring privacy.

Decentralization

Numeraire is fully decentralized, with no central authority controlling the network. This ensures fairness and transparency in the system.

Development Team & Governance

The Numeraire project is spearheaded by Numerai, a hedge fund based in San Francisco. The governance model is decentralized, with decisions made by the community of NMR holders.

Use Cases & Potential Impact

Numeraire's primary use case is to incentivize data scientists to contribute to the development of financial models. This could potentially disrupt the traditional hedge fund industry by democratizing access and participation.

Purchase & Storage

How to Buy

Numeraire can be purchased on various cryptocurrency exchanges, including Binance and Coinbase. It can be traded for other cryptocurrencies or bought directly with fiat currencies on some platforms.

Wallets & Storage

As an ERC-20 token, Numeraire can be stored in any wallet that supports Ethereum-based tokens, such as MetaMask or MyEtherWallet.

Partnerships & Collaborations

Numeraire has collaborated with various organizations in the blockchain and financial sectors to further its mission. Details of these partnerships can be found on the official Numerai website.

Roadmap

The future plans for Numeraire include further development of the platform, increasing the number of data scientists contributing to the network, and expanding partnerships.

Risks & Challenges

Like any cryptocurrency, Numeraire faces potential risks and challenges, including regulatory changes, market volatility, and technological hurdles.

Community & Regulatory Compliance

Community

The Numeraire community consists of data scientists, developers, and cryptocurrency enthusiasts who contribute to the network and participate in governance.

Regulatory Compliance

Numeraire complies with all relevant regulations in the jurisdictions it operates in. It is committed to maintaining transparency and adhering to legal requirements.

In conclusion, Numeraire is a unique cryptocurrency that leverages the power of crowd-sourcing and blockchain technology to disrupt the traditional hedge fund industry. With its robust technology, strong community, and innovative use case, it holds significant potential for future growth.

Numeraire Price25.8418 USD
Market Rank#302
Market Cap162,273,824 USD
24h Volume4,703,559 USD
Circulating Supply6,279,506.26 NMR
Max Supply11,000,000 NMR
Yesterday's Market Cap165,739,120 USD
Yesterday's Open / Close27.6422 USD / 26.3943 USD
Yesterday's High / Low29.0579 USD / 26.1703 USD
Yesterday's Change
-0.05% ( 1.2479 USD )
Yesterday's Volume4,947,403 USD
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