Numeraire (NMR) is now trading on Bittrex!!!

in #cryptocurrency7 years ago

Just giving my fellow Steemians a public service announcement about alternative currency called Numeraire that is now trading on Bittrex and is up bigtime!!!

numerai.PNG

It is a cryptocurrency that allows data scientist to build models using artificial intelligence to trade on the stock market. There was no ICO from what I can gather but 12,000 data scientists were issued 1 million crypto-tokens to build models for the construction of an artificial intelligence hedge fund.

Here are some articles I found about the project.

https://www.wired.com/2017/02/ai-hedge-fund-created-new-currency-make-wall-street-work-like-open-source/
https://medium.com/numerai/invisible-super-intelligence-for-the-stock-market-3c64b57b244c
https://medium.com/numerai/a-new-cryptocurrency-for-coordinating-artificial-intelligence-on-numerai-9251a131419a

Here are some important points that I pulled out of the articles:

The stock market is inefficient with respect to new developments in machine learning — only a fraction of the world's data scientists have access to its data. Numerai is changing this

Numerai encrypts its trading data before sharing it with the data scientists to prevent them from mimicking the fund's trades themselves. At the same time, the company carefully organizes this encrypted data in a way that allows the data scientists to build models that are potentially able to make better trades.

Here is a video from their website:

How is it Trading?

Well when it was released yesterday here was the price on coinmarketcap.com
yesterdayPrice.PNG

I scooped up a couple shares on a whim because I remember reading about it in January. So how is it doing now?

pricenow.PNG

Now I'm not here to give investment advice it is up to each person to do their own Due Diligance but I have already doubled my investment since yesterday. I usually try to keep an eyes out on new coins that get listed on Bittrex. You can always tell because the prices starts off down 90%.

totalchart.PNG

However when you zoom in on the chart you can usually tell what the bottom is and if it has momentum to push forward.

nowchart.PNG

Based on the chart and the background of this project I thought it was worth the investment. Now it will most likely have high volatility since it has only been trading for two days but a hedge fund that is based on blockchain seems like a winning bet for me!!!

DQmfQDbXPbsV73NU4DGd5ZbNGjbPNy2e4NU3apjD5Lcipgf_1680x8400.jpg

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Great post. I think Numerai well do really well with its AI platform. Will defintely add Numeraire to my portfolio

Thanks I think it will do well also. There are a bunch of projects in the crypto space so one has to do research to find the gems.

Nice job brother, upvoted and resteemed to get wider view!

Thank you sir!!!

Thank you for the informative post!
You got a new follower!
I also upvoted and resteemed your post to support your work!
Enjoy Steemit! Have a nice day!

Thank you sir!!! I've done the same!!!

You're welcome! Thank you for your support! I really appreciate it! All the best!

I got into NMR at 44 USD... lucky me i allways buy the new coins that seem promising :D

What do you guys think will NMR be worth at the end of this month?

It's hard to say but you can't argue with the fundamentals puls the low tokens in circulation. Only 1,223,451 NMR

Yeah the potential is huge :D

good post...

Thank you

Thanks again...

Thanks for the update, @alao. I've been researching this too. Very interesting that they skipped the trendy ICO—with data science they probably wanted to avoid looking like a money grab and risking their reputation. Smart!

https://bittrex.com/Market/Index?MarketName=BTC-NMR

This is very good! What's next? Cash! Bishtari!

Who knows. I'm constantly searching for the next 10 bagger!!!

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Very good blog. Same mindset here. It's surprising how much uneducated investors the crypto space has. You still see people invest in this shady and scammy coins. We really need more insights in the market and previous investment results (even though they don't deliver any guarantee for the future). I was wondering if anyone of you uses: https://www.coincheckup.com The site lets you check all there is to know about the team, product, communication transparency, advisors and investment statistics on every crypto. Check: https://www.coincheckup.com/coins/NUMARAIRE#analysis To see the: NUMARAIRE Detailed analysis.