🏑 $NMR is the only altcoin that has been actively traded recently.
The direct reason is of course the $500 million support from JP Morgan, but it should be noted that this money is neither financing nor a buyback of $NMR.
What @numerai is doing is quite interesting: "AI modeling + investment competition." When you participate in predictions, you need to stake $NMR, and this process also serves as a token burn mechanism. Numerai will simultaneously collect these model predictions to create an investment AI model.
This model may seem far-fetched for retail investors, but it is very attractive to large financial institutions that rely on quantitative strategies. So I think $NMR has some potential, although it could also go to zero due to excessive manipulation.
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