Numeraire (CRYPTO:NMR) Reaches Market Capitalization of $28.47 Million

Numeraire (CURRENCY:NMR) traded 1.5% higher against the U.S. dollar during the 1 day period ending at 11:00 AM E.T. on January 31st. Over the last week, Numeraire has traded up 35.5% against the U.S. dollar. One Numeraire token can currently be purchased for $22.02 or 0.00223857 BTC on major exchanges including EtherDelta, Bittrex and CryptoDerivatives. Numeraire has a market cap of $28.47 million and approximately $229,319.00 worth of Numeraire was traded on exchanges in the last 24 hours.

Here’s how other cryptocurrencies have performed over the last 24 hours:

  • Ripple (XRP) traded 6.7% higher against the dollar and now trades at $1.15 or 0.00011655 BTC.
  • Stellar (XLM) traded 0.5% higher against the dollar and now trades at $0.45 or 0.00004602 BTC.
  • NEO (NEO) traded up 2.5% against the dollar and now trades at $122.02 or 0.01240580 BTC.
  • IOTA (MIOTA) traded 4.7% higher against the dollar and now trades at $2.06 or 0.00020974 BTC.
  • TRON (TRX) traded down 0.4% against the dollar and now trades at $0.0461 or 0.00000469 BTC.
  • VeChain (VEN) traded 18.5% higher against the dollar and now trades at $5.46 or 0.00055471 BTC.
  • Tether (USDT) traded 0.2% lower against the dollar and now trades at $1.00 or 0.00010173 BTC.
  • Binance Coin (BNB) traded 9.5% higher against the dollar and now trades at $10.77 or 0.00109528 BTC.
  • Populous (PPT) traded 1.3% lower against the dollar and now trades at $25.41 or 0.00258365 BTC.
  • RChain (RHOC) traded 7.6% higher against the dollar and now trades at $2.24 or 0.00022731 BTC.

Numeraire Profile

Numeraire was first traded on June 20th, 2017. Numeraire’s total supply is 2,292,802 tokens and its circulating supply is 1,292,802 tokens. The Reddit community for Numeraire is /r/numerai and the currency’s Github account can be viewed here. Numeraire’s official message board is forum.numer.ai. Numeraire’s official Twitter account is @numerai. Numeraire’s official website is numer.ai.

According to CryptoCompare, ” Numerai is a network of data scientists that are incentivised to forecast models to improve hedge fund returns. Numaire is the token that facilitates the reward structure that correct predictions receive. Founders described it as a social network or software company whose business model happens to be a hedge fund. USV partner Andy Weissman says, “Network effects get more valuable with every participant that uses them. What’s an example of that in a financial institution? We’ve never seen one before except for this.” Numerai has already raised $7.5 million in traditional venture capital from Union Square Ventures, Joey Krug (Augur), Juan Benet (FileCoin), Fred Ehrsam (Coinbase), and Olaf Carlson-Wee (Polychain). So the Numeraire token will not be sold in a “crowdsale” or “ICO”. In Febuary 2017 1,000,000 NMR tokens were issued to 12,000 data scientists. White paper Forum “

Numeraire Token Trading

Numeraire can be traded on the following cryptocurrency exchanges: Bittrex, CryptoDerivatives and EtherDelta. It is not currently possible to buy Numeraire directly using U.S. dollars. Investors seeking to acquire Numeraire must first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Numeraire using one of the exchanges listed above.

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