AI-Themed Crypto Surges Over 50%: Analyst Sees Price More Than Triple From Here

Numerical NMR/USD jumped more than 50% in the past 24 hours, even as apex crypto exchanges Bitcoin BTC/USD and Ethereum ETH/USD were reduced.

What Happened: At the time of writing, NMR was trading at $17.56, with market cap up over 48% to $105 million since Monday.

Numeraire is the native token of a computerized hedge fund with the aim of predicting stock market trends. It is powered by a massive group of machine learning and AI algorithms. This gives IT and developers the ability to advance the fund's predictive ability.

Learn more: Best crypto apps

Pseudonymous analyst 'Javon Mars' said NMR prices have "come back with momentum", predicting gains of over 210%, target at $61.96.< /p>

LunarCrush data reveals that NMR market volume reached $171 million in the past 24 hours, the highest point in the past 90 days.

Price Action: Apex crypto Bitcoin traded lower on Monday night at $17,043.42, according to Benzinga Pro.

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