Reading Time: 4 minutes
Numeraire (NMR) stands at the forefront of a revolutionary fusion between artificial intelligence (AI) and blockchain technology, aiming to redefine the landscape of financial market predictions. As The Crypto Sage, I delve into the potential of this unique project and its implications for the future of finance.
What is Numeraire (NMR)?
Numeraire is an ERC-20 token central to the Erasure Protocol, a decentralized prediction staking platform. It incentivizes accurate financial forecasting by rewarding successful predictions with NMR while burning tokens for unsuccessful ones.
Supply and Distribution

With a capped supply of 11 million tokens, Numeraire's total supply is set to decrease over time due to the burning mechanism for unsuccessful predictions, adding a deflationary aspect to its tokenomics.
What is Numerai?

Founded by Richard Craib, Numerai revolutionizes financial modeling by distributing encrypted data to data scientists globally. This collaborative approach fosters the creation of sophisticated predictive models, enhancing investment strategies.
How Numerai Works

Numerai's weekly tournaments incentivize data scientists to submit predictive models and stake NMR tokens based on their confidence. The best models are rewarded, and the collective predictions inform Numerai's investment decisions, promoting accuracy and diversity in financial predictions.
Erasure Protocol and Expanding Use Cases

Launched in 2019, the Erasure Protocol extends Numerai's staking incentives to a broader ecosystem, facilitating prediction markets and information trading.
Acquiring Numeraire (NMR)
NMR can be acquired on both centralized and decentralized exchanges (Binance, Upbit, Coinbase, OKX, Bitget and even Uniswap), as well as through participation in Numerai's tournaments for data scientists.
Price Prediction for April and March

Considering recent data and Numeraire's innovative integration of AI, I predict a steady increase in NMR's price, with potential ranges of $37 to $40 for April and $NMR $34 to $36 for March.
Trading Prices for DCA in April and March
For the DCA approach in April, I would aim to trade $NMR at prices within the range of $37 to $40, capitalizing on the anticipated upward trend. In March, I would target the price range of $34 to $36 for trading, aligning with the more conservative increase expected during this month.
Investing $100 per Week in Numeraire ($NMR ) Using DCA
As The Crypto Sage, I believe that investing $100 per week in Numeraire using the Dollar-Cost Averaging (DCA) approach throughout 2024 is a strategic move for several reasons:
Risk Mitigation: DCA helps mitigate the risks associated with the volatile cryptocurrency market by spreading investments over time, reducing the impact of short-term price fluctuations.Long-Term Potential: Numeraire's unique fusion of AI and blockchain technology positions it as a project with substantial long-term potential. Regular investments through DCA can capitalize on this growth trajectory.Innovative Ecosystem: The Numeraire ecosystem's focus on decentralized data science and collaborative financial predictions is pioneering. Investing in NMR supports this innovative approach to finance.Deflationary Tokenomics: The capped supply and burning mechanism of NMR tokens add a deflationary aspect, which could enhance the token's value over time, benefiting long-term investors.
Numeraire (NMR) and AI present a compelling opportunity for investors looking to diversify their portfolios with a project that is reshaping the financial landscape. As The Crypto Sage, I advocate for a thoughtful and strategic approach to investing in NMR, leveraging the DCA method to navigate market volatility and capitalize on the project's long-term potential.
Disclaimer: This article is for informational purposes only and is not intended as financial advice. Please conduct your own research and consult with a financial advisor before making any investment decisions.
References
CoinMarketCap. (n.d.). Numeraire price today, NMR to USD live price, marketcap and chart. Retrieved from CoinMarketCapCoinGecko. (n.d.). Numeraire price: NMR live price chart, market cap & news today. Retrieved from CoinGeckoCoinDesk. (n.d.). Numeraire price | NMR price index and live chart. Retrieved from CoinDesk
#Numeraire #AI #NMR #ErasureProtocol #MachineLearning

Artificial Intelligence Coins: The Future of Crypto and Web 3

Are you looking for a way to leverage the power of artificial intelligence and blockchain technology in the world of crypto? If so, you might want to invest in artificial intelligence coins, a new type of cryptocurrency that uses artificial intelligence to improve its services and performance.

Artificial intelligence is a field of computer science that aims to create machines and programs that can simulate and enhance human capabilities, such as learning, thinking and creativity. Artificial intelligence can help solve complex problems, generate knowledge and improve the quality of life.

Blockchain is a decentralized system that records transactions and data in a secure, transparent and immutable way. Blockchain can provide trust, privacy and democracy in digital exchanges.

When combining artificial intelligence and blockchain, smart and innovative cryptocurrencies can be created that target different areas, such as analytics, security and data-based services. These cryptocurrencies use their own tokens to incentivize users and developers to participate in their networks.

In this article, we will review the top 5 artificial intelligence (AI) cryptocurrencies that you can buy in 2023.

Ocean Protocol (OCEAN)

1- Ocean Protocol (OCEAN)

Ocean Protocol is a decentralized protocol that aims to open the door to a new data economy. Ocean Protocol allows data owners and consumers to collaborate in secure and controlled ways. It also provides tools to create, store and control data-based services.

Ocean Protocol uses the OCEAN token to incentivize users to provide and request data. It also uses artificial intelligence to analyze data and create predictive models. Ocean Protocol aims to protect user privacy while providing them with the benefits of sharing their data.

SingularityNET (AGIX)

2- SingularityNET (AGIX)

SingularityNET is a decentralized network that aims to create a global market for artificial intelligence services. SingularityNET allows developers and consumers to create, deploy and use artificial intelligence services in different fields, such as health care, education and entertainment.

SingularityNET uses the AGIX token to incentivize users to provide and request artificial intelligence services. It also uses artificial intelligence to coordinate and optimize the network of services. SingularityNET aims to create a collaborative and democratic environment for developing artificial intelligence.

Fetch.ai (FET)

3- Fetch.ai (FET)

Fetch.ai is a decentralized protocol that aims to create a smart economy where agents, data, services and digital assets can communicate with each other to locate, negotiate and execute services. Fetch.ai uses the FET token to incentivize users to participate in the network, enable financial transactions and pay miners for contributing to the blockchain.

Fetch.ai provides tools for developers to create smart agents that can communicate with each other in the network. This means that Fetch.ai can be used in smart homes, supply chains, transportation and other fields to achieve maximum efficiency.

Numeraire (NMR)

4- Numeraire (NMR)

Numeraire is a decentralized protocol that aims to create a global market for financial data. Numeraire allows scientists and companies to create and exchange analytical models based on artificial intelligence to improve trading strategies and risk management.

Numeraire uses the NMR token to incentivize users to provide and request analytical models. It also uses artificial intelligence to evaluate the quality of the models and update them. Numeraire aims to create a competitive and cooperative environment for developing a smarter financial system.

DeepBrain Chain (DBC)

5- DeepBrain Chain (DBC)

DeepBrain Chain is a decentralized protocol that aimsto create a low-cost and high-performance computing platform for artificial intelligence. DeepBrain Chain allows developers and consumers to access and use computing resources in a secure and efficient way. It also provides tools to create and deploy artificial intelligence applications in various fields, such as deep learning, voice and image recognition and big data analytics.

DeepBrain Chain uses the DBC token to incentivize users to provide and request computing services. It also uses artificial intelligence to distribute and optimize computing resources. DeepBrain Chain aims to reduce the cost of computing and increase the efficiency of artificial intelligence.

These are the top 5 artificial intelligence (AI) cryptocurrencies that you can buy in 2023. We hope you have benefited from this article and found the artificial intelligence coins that suit your investments. If you want to learn more about crypto and web 3, you can follow Binance Feed to read the latest articles and opinions from influencers and media in the crypto field.

#REXBOX #DeepBrain #Numeraire #Fetch.ai #Ocean

$OCEAN $FET $NMR