Numeraire Price Analysis: NMR/USD explodes after listing on Binance, eyes $200M market cap

NMR price is currently around $60 after another significant pump from $40.
The Numeraire price has been quite flat for the majority of 2020 and had almost no volume.

Lorenzo Stroe Independent Analyst

Numeraire got a huge boost in price and volume after getting listed on the top exchanges like Binance, Coinbase Pro and others. NMR now has more than $50 million daily trading volume and is ranked 76th by market capitalization after hitting $60.

NMR/USD 4-hour chart

NMR was trading sideways before the last price explosion towards $70. In just a few hours, bulls managed to push NMR from $40.29 to $67.5 – that is a 67.5% jump – and the pullback hasn’t been too steep.

Author

Lorenzo Stroe

Independent Analyst

Lorenzo is an experienced Technical Analyst and Content Writer who has been working in the cryptocurrency industry since 2012. He also has a passion for trading.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

Stellar Price Forecast: XLM slips below $0.22 as bearish momentum builds

Stellar (XLM) price is trading below $0.22 at the time of writing on Wednesday after failing to close above the key resistance earlier this week. Bearish momentum continues to strengthen, with open interest falling and short bets rising.

Pi Network Price Forecast: PI struggles to rebound amid muted demand

Pi Network (PI) edges higher by almost 1% at press time on Wednesday, bouncing off the $0.2000 level after a four-day decline. The recovery lacks momentum as the social interest surrounding Pi Network declines. Technically, PI is at a crossroads, struggling for a rebound as momentum is lacking.