NMR (Numeraire) rose 23.75% in 24 hours.

Gate News Bot news, on September 11, according to CoinMarketCap, as of the time of writing, NMR (Numeraire) is currently priced at $19.97, with a rise of 23.75% in the last 24 hours, peaking at $22.37 and dipping to a low of $12.51, with a 24-hour volume of $131 million. The current market capitalization is approximately $151 million, an increase of $29.1 million compared to yesterday.

Numerai is a global hedge fund and crypto data science network. It runs the world's toughest data science competition, allowing data scientists to use artificial intelligence to predict the stock market, powering its hedge fund. Participants can build their reputation by submitting models on the platform and earn (or lose) cryptocurrency by staking NMR tokens. To date, Numerai has paid data scientists $46.2536 million. The project is supported by Union Square Ventures, Renaissance co-founders, and Coinbase co-founders.

Important recent news about NMR:

1️⃣ The actual total locked value of NMR is significantly higher than public data Numerai founder Richard Craib clarified the total locked value (TVL) data of NMR. Due to Numerai's unique staking mechanism, there are discrepancies in the TVL data displayed by many websites. In fact, the TVL of NMR is approximately $20 million, significantly higher than the $4 million shown on some platforms. This data reflects the true value and usage of NMR in the ecosystem and is one of the important driving factors behind the recent price rise.

2️⃣ NMR market popularity has significantly risen On the cryptocurrency popularity list on September 7, 2025, NMR ranked third, behind WLFI and SOMI. NMR's 24-hour rise reached 38.68%, with the price increasing to $19.28. This significant boost in popularity and price growth attracted more investors' attention, further driving its price pump.

3️⃣ AI and data science projects continue to be favored by the market As a cryptocurrency project that combines AI and data science, the rise in NMR's price reflects the market's ongoing enthusiasm for such innovative projects. The Numerai platform incentivizes data scientists to participate in stock market predictions, showcasing the practical application of blockchain technology in the financial sector, and this unique positioning has attracted more investor interest.

From a technical perspective, NMR's price has broken through several important resistance levels, showing strong rise momentum. However, investors still need to be cautious of potential short-term pullback risks.

This message is not intended as investment advice; investors should be aware of market volatility risks.