Numeraire is an ERC-20 token, built into the Ethereum network that uses Ethereum blockchain technology to perform operations.
Just like other digital currency projects operating on their own blockchain such as Bitcoin and Litecoin.
Founded in late 2015 by Richard Craib.
The main goal of this platform is to bring decentralization to the field of data science and allow developers to compete in creating effective forecasting model machines.
Numeraire is unique in terms of the idea behind its creation as it was the first digital currency created and issued by a hedge fund.
Next, examine the current movement chart of the NMR/USDT price.
The NMR price movement is seen to have managed to generate a profit of 77% so far in the September trading session.
However, in today's trading session, NMR was seen making a positive price movement resulting in a jump of almost 60% to reach the latest high of $ 58.
For further expectations, if the NMR remains positive, the $ 46 SBR (support become resistance) zone will be the main target to test before making a higher jump.
Meanwhile, if the NMR shows a bearish trend, the $ 41 RBS (resistance become support) zone will be tested first before making a lower decline.
That level will be the next observation by investors before heading to the support level.
At the time of writing, NMR/USDT traded $ 42.60 up over 4% in the last 24 hours. The coin is currently at 125th chart in the crypto market.
