Hi everyone, please kindly share your view on the possibility of the NMR’s price in the future. Thanks you
Who knows? But to be honest, I don’t think it will reach 90$ in any short timeframe. However, if crypto enters a bull market again or interest in Numerai goes viral for whatever reason, it might happen, but probably for a very short time.
Keep in mind that on the rather long timescale (many years?) the fate of NMR is not secured, as there is a fixed amount of NMR that can run out, forcing Numerai to either buy back some NMR (which is good for us) or cancels the tournament (which is bad). Or, while it does not seem to be the case for now, if Numerai goes bankrupt or cancels the tournament for whatever reason, NMR price will become essentially 0.
Thanks for your view on this matter, but yesterday NMR has rebounded from around 14.40 to 22.33 in one day, while BTC, BNB and ETH has down a bit.
IMO it jumped so much because of the wave. From June 30th the NMR price corrected 63 %, so naturally spring oscillation effect occurs. I don’t think that NMR is gonna place new ATM until S&P500 does. Crypto is very risky market, and we are currently in risk off environment. However, IMO the best time to buy is when nobody wants to buy, so we should enjoy low prices while we can.
Numeraire jumped so much originally because governments were giving a lot of free money with nothing much to do but enjoy the pandemic.
Right now trading looks quite thin, so someone can cause it to spike with a big buy or crater with a big sell. But those die off, so I would expect it to travel pretty much where it is +/- 50%, ceteris paribus.
Thanks you for your view on this matter!
Thank you for your view on this matter!