Numeraire (NMR) Price Prediction 2023 — Will NMR Hit $45 Soon?

Numeraire (NMR) Price Prediction 2022 — Will NMR Hit $105 Soon?
  • Bullish NMR price prediction for 2023 is $20.60 to$65.04.
  • Numeraire (NMR) price might also reach $45 soon.
  • Bearish NMR price prediction for 2023 is $7.20.

In Numeraire (NMR) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about NMR to analyze the future movement of the cryptocurrency. 

Numeraire (NMR) Current Market Status

Current Price $14.65
24 – Hour Trading Volume $15,585,457
24 – Hour Price Change 2.6% down
Circulating Supply 6,135,749
All – Time High $93.15 (On May 16, 2021)  
NMR Current Market Status (Source: CoinGecko)

What is Numeraire (NMR)?

NMR is the Numeraire network’s digital asset token. Numeraire is a network that functions as a hedge fund, allowing members to trade stocks on the Ethereum blockchain. NMR is the Erasure protocol’s token, on which programmes like Numerai’s classic tournament and Numerai Signals are constructed. It is built on Ethereum in line with the ERC-20 token standard.

Numeraire (NMR) Price Prediction 2023

Numeraire (NMR) holds the 247th position on CoinGecko right now. NMR price prediction 2023 is explained below with a daily time frame.

NMR/USDT Symmetric Triangle Pattern (Source: Tradingview)

The above chart of Numeraire (NMR) laid out the symmetric triangle pattern. The symmetric triangle chart pattern shows the period of consolidation that may force a price breakdown or breakout. More so, a breakdown from the lower trendline indicates the beginning of a new bearish trend. On other hand, a breakout from the upper trendline signal shows the beginning of a new bullish trend. Traders also use moving averages in conjunction with a symmetrical triangle chart pattern to trail their stop loss.

Currently, Numeraire (NMR) is in the range of $15.20. If the pattern continues, the price of NMR  might reach the resistance levels of  $20.61 and $41.78. If the trend reverses, then the price of NMR may fall to $6.99.

Numeraire (NMR) Support and Resistance Levels

The chart below shows the support and resistance levels of Numeraire (NMR).

NMR/USDT Support and Resistance Levels (Source: Tradingview)

From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Numeraire (NMR).

Resistance Level 1$20.60
Resistance Level 2$36.01
Resistance Level 3$65.04
Support Level 1$11.67
Support Level 2$7.20
NMR /USDT Support and Resistance Levels

The charts show that Numeraire (NMR) has performed a bullish trend over the past month. If this trend continues, NMR might run along with the bulls overtaking its resistance level at $65.04.

Accordingly, if the investors turn against crypto, the price of Numeraire (NMR) might plummet to almost  $7.20, a bearish signal.

Numeraire (NMR) Price Prediction 2023 — RVOL, MA, and RSI

The Relative Volume (RVOL) of Numeraire (NMR) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of NMR lies below the cutoff line, indicating weak participants in the current trend.

NMR /USDT RVOL, MA, RSI (Source: Tradingview)

Also, the Moving Average (MA) of Numeraire (NMR) is shown in the chart above. Notably,  the Numeraire (NMR) price lies above 50 MA (short-term), so it is in an uptrend. Currently, NMR has entered a bearish state. Therefore, there is a possibility of a reversal trend of NMR at any time.

Meanwhile, the relative strength index (RSI) of the NMR is 71.23. This means that Numeraire (NMR) is in a nearly overbought state. However, this means a major price reversal of NMR may occur in the upcoming days. So, traders need to trade carefully. 

Numeraire (NMR) Price Prediction 2023 — ADX, RVI

Let us now look at the Average Directional Index (ADX) of Numeraire (NMR). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

NMR /USDT ADX, RVI (Source: Tradingview)

The above chart represents the ADX of Numeraire (NMR). Currently, the ADX of NMR lies in the range of 49.57 and thus, it indicates a strong trend. 

The above chart also represents the Relative Volatility Index (RVI) of Numeraire (NMR). RVI measures the constant deviation of price changes over a period of time. The RVI of NMR lies above 50, indicating high volatility. In fact, the RSI of Numeraire (NMR) is at 71.23 thus confirming a potential buy signal.

Comparison of NMR with BTC, ETH

The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and  Numeraire (NMR).

BTC Vs ETH Vs NMR  Price Comparison (Source: Tradingview)

From the above chart, we can interpret that the price actions  NMR is a dissimilar trend with respect to BTC and ETH. This indicates that when the price of BTC and  ETH increases , the price of NMR decreases. And when the price of BTC and ETH decreases, the price of NMR increases.

Numeraire (NMR) Price Prediction 2024-2030

Numerous factors are taken into account when forecasting prices including volume changes, price variations, market cycles, and similar coins. Let’s predict the price of Numeraire (NMR) between 2024 and 2030.

Numeraire (NMR) Price Prediction 2024

With several upgrades in the network, Numeraire (NMR) might enter a bullish trajectory. If the coin grabs the attention of major investors, NMR might rally to hit $55 by 2024. 

Numeraire (NMR) Price Prediction 2025

If Numeraire (NMR) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 3 years, NMR would rally to hit $64.

Numeraire (NMR) Price Prediction 2026

If Numeraire (NMR) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 4 years, NMR would rally to hit $75. 

Numeraire (NMR) Price Prediction 2027

If Numeraire (NMR) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 5 years, NMR would rally to hit $82.

Numeraire (NMR) Price Prediction 2028

If Numeraire (NMR) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, NMR would hit $89 in 2028.

Numeraire (NMR) Price Prediction 2029

If investors flock in and continue to place their bets on Numeraire (NMR), it would witness major spikes. NMR might hit $95 by 2029.

Numeraire (NMR) Price Prediction 2030

With greater advancements in the Numeraire ecosystem, the crypto community might continue to invest in NMR for the next 8 years and drive significant price rallies for the token. Hence, Numeraire (NMR) might hit $102 by 2030.

Conclusion

With continuous improvements in the Numeraire network, we can say that 2023 is a good year for NMR. For this reason, the bullish price prediction of Numeraire (NMR) in 2023 is $65.04. On the other hand, the bearish price prediction of Numeraire (NMR) price prediction for 2023 is $7.20.

Furthermore, with the advancements and upgrades to the Numeraire Ecosystem, the performance of NMR would help to reach above its current all-time high (ATH) of $93.15 very soon. But, it might also reach $45 if the investors believe that NMR is a good investment in 2023.

FAQ

1. What is Numeraire (NMR)?

NMR is the Numeraire network’s digital asset token that is used to pay for services. Numerai is a network that functions as a hedge fund, allowing members to trade stocks on the Ethereum blockchain.

2. Where can you purchase Numeraire (NMR)?

Numeraire (NMR) has been listed on many crypto exchanges which include Binance, OKX, MEXC, P2PB2B, DigiFinex, and Coinbase Exchange.

3. Will Numeraire (NMR) reach a new ATH soon?

With the ongoing developments and upgrades within the Numeraire Platform, NMR has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Numeraire (NMR)?

On May 16, 2021, Numeraire (NMR) reached its new all-time high (ATH) of $93.15.

5. Is Numeraire (NMR) a good investment in 2023?

Numeraire (NMR) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Numeraire in the past few months, NMR is considered a good investment in 2023.

6. Can Numeraire (NMR) reach $45?

Numeraire (NMR) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Numeraire (NMR) will hit $45 soon.

7. What will be Numeraire (NMR) price by 2024?

 Numeraire (NMR) price is expected to reach $55 by 2024.

8. What will be Numeraire (NMR) price by 2025?

 Numeraire (NMR) price is expected to reach $64 by 2025.

9. What will be Numeraire (NMR) price by 2026?

 Numeraire (NMR) price is expected to reach $75 by 2026.

10. What will be Numeraire (NMR) price by 2027?

 Numeraire (NMR) price is expected to reach $82 by 2027.                

Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

 

A devoted content specialist who is inquisitive on exploring crypto and blockchain technology. She is fond of providing innovative contents that tugged her to write for NewsCrypto.