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Numeraire
NMR#351
$9.61-1.23%
Numeraire (NMR) is a tradable crypto asset with a market capitalization of about $128.4 million. At a price of $17.89, it sits around rank 247 by market value — outside the heavyweight tier, yet firmly inside a segment of the market that active traders keep on their screens. The token powers Numerai, a hedge fund that crowdsources stock-market predictions from data scientists, who stake NMR on the models they submit.
Activity is what stands out most in this Numeraire report. The token has recorded roughly $274.4 million in 24-hour volume, more than twice its market capitalization. Turnover at that level tends to attract traders looking for movement, because it shows a large amount of NMR changing hands over a short period. It also means price action can react quickly whenever order flow shifts direction.
For anyone comparing Numeraire with other mid-ranked crypto assets, the key signal is not size alone but the mix of a $128.4 million valuation and unusually heavy daily trading. The practical catch: high volume does not cancel out volatility. It can amplify short-term moves and make entry timing far more sensitive. Any Numeraire analysis in October is therefore better anchored in live liquidity, spreads, and position sizing than in market cap alone.
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What is Numeraire? A quick explainer
Numeraire (NMR) is a crypto asset priced at $17.89 with a market cap of about $128.4 million. Its 24-hour volume is much higher than its market cap, so beginners should expect active trading and possible sharp price moves.
Security check
Smart contract risk scan — checks for honeypots, hidden taxes and more.
Clear bullish / neutral / bearish signal based on market data, on-chain security and macro signals.
Analysis from October 8, 2026
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Rating
Neutral76% confident
Confidence
Summary
Numeraire sits at a genuine crossroads: reassuring contract fundamentals on one side, concentrated ownership and stalled development on the other. Its smart-contract security score comes in at 85, the code is open-source, there are no transfer taxes, and none of the examined controls would let an owner pause transfers or alter balances. That said, the top 10 recorded addresses hold 58.23% of all tokens, and GitHub shows no code updates in the past four weeks. The Fear & Greed Index reads 64 (Greed), but it's slipped from 72 over the last week — a sign that market-wide optimism is losing steam. This reflects broader crypto mood rather than anything specific to NMR demand. Rising US interest rates and inflation add further pressure, though a slightly softer dollar offsets some of that weight. Taken together, this investment research (MiFID II Del. Reg 2017/565 Art. 36) points to an uncertain medium-term setup — solid contract quality weighed down by concentration risk, quiet development, and fading market enthusiasm.
📰 Current News & Events
There's no current coin-specific news to tie to Numeraire's recent market behavior — no headline or event stands out as a catalyst. Broader crypto sentiment is still leaning optimistic at 64 on the Fear & Greed Index, though the eight-point weekly drop suggests enthusiasm is cooling. Meanwhile, a rising US policy interest rate and firmer inflation are making life harder for speculative assets generally, while a weakening Dollar Index provides a small counterweight.
📈 Price Movement Analysis
No 24-hour, seven-day, or 30-day percentage move is available for NMR, so its recent price trend can't be quantified here. Over the past week, market-wide sentiment cooled as the Fear & Greed Index dropped from 72 to 64 — a shift that can dampen appetite for smaller crypto assets, though it doesn't confirm a direct impact on NMR specifically. The US policy interest rate climbed from 3.63% to 3.75%, and consumer inflation rose from 3.54% to 3.71%, both making for a tougher backdrop for volatile assets. Add in Numeraire's 58.23% holder concentration among its top 10 addresses and a four-week stretch without GitHub updates, and confidence could be affected — though none of these factors alone explain any specific price move.
Strengths
✅A smart-contract security score of 85. Checks turned up no listed ability to pause transfers, alter balances via owner control, or reclaim ownership.
✅The contract is open-source, carries 0% transfer taxes, and has no minting function that could create additional NMR out of thin air — all of which ease several common contract-level worries.
✅Development history shows real substance despite the recent lull: 140 of 186 reported issues have been closed, and 154 code changes have been merged over the project's lifetime.
✅NMR has a hard-capped maximum supply of 11 million tokens, with roughly 7.173 million in circulation — about 65.21% of that ceiling. A defined upper limit makes the supply structure easy to follow.
Risks
⚠️The top 10 recorded addresses control 58.23% of all holdings. Addresses don't necessarily equal individual people, but this level of concentration still means a small handful of large holders can sway the market.
⚠️GitHub shows zero code updates over the past four weeks. For a project built on technology, a prolonged quiet spell like this can raise questions about current development momentum.
⚠️The US policy interest rate has climbed to 3.75%, with consumer inflation now at 3.71%. Higher rates paired with persistent inflation tend to make volatile assets less appealing next to safer alternatives.
⚠️The Fear & Greed Index is still in Greed territory at 64, but it's down eight points in a week. Optimism hasn't vanished, but the reversal signals softening momentum and leaves sentiment exposed to further decline.
📊 Macro context
The Fear & Greed Index sits at 64 (Greed), down from 72 over the past seven days — sentiment remains upbeat overall but is clearly cooling. There isn't enough historical depth here for a solid 90-day comparison. On the monetary side, the key US policy interest rate rose from 3.63% to 3.75%, tightening financial conditions for speculative assets, while US consumer inflation ticked up from 3.54% to 3.71%, which could keep policy restrictive for a while longer. The US Dollar Index eased slightly, from 121.79 to 121.38, and the top tracked stablecoins hold a combined $268.6 billion, nearly flat over seven days (-0.1%). That's a liquidity snapshot rather than a directional signal for NMR. No coin-specific regulatory development has been identified, so regulation isn't currently acting as a catalyst either way.
❓ Frequently Asked Questions
Is Numeraire a good investment right now?
The data paints a mixed picture, with constructive and adverse signals closely balanced. Strong contract fundamentals and a security score of 85 are weighed against concentrated holdings, a quiet GitHub record, and a tougher macroeconomic backdrop — this is investment research (MiFID II Del. Reg 2017/565 Art. 36), not an investment recommendation (MAR Art. 3(35)).
What's affecting Numeraire's price and market sentiment today?
The biggest influences right now are market-wide sentiment and monetary policy. The Fear & Greed Index remains in Greed at 64 but has dropped eight points in a week, while US interest rates and inflation have both climbed. These conditions can shape how the market feels about NMR, though they don't pinpoint the cause of any single price move.
What are the biggest strengths and risks in this Numeraire coin analysis?
On the strength side: open-source code, a security score of 85, zero transfer taxes, and a solid history of completed technical work. On the risk side: 58.23% of holdings concentrated among the top 10 addresses, zero code updates in the past four weeks, and cooling market sentiment.
