Numeraire (CURRENCY:NMR) traded 4.1% lower against the US dollar during the 24-hour period ending at 0:00 AM Eastern on April 15th. Numeraire has a market cap of $19.82 million and approximately $245,615.00 worth of Numeraire was traded on exchanges in the last 24 hours. During the last week, Numeraire has traded up 10% against the US dollar. One Numeraire token can now be purchased for approximately $14.65 or 0.00179580 BTC on exchanges including EtherDelta, Bittrex and CryptoDerivatives.
Here’s how similar cryptocurrencies have performed during the last 24 hours:
- Ripple (XRP) traded 4.5% higher against the dollar and now trades at $0.67 or 0.00008173 BTC.
- Stellar (XLM) traded up 10.5% against the dollar and now trades at $0.29 or 0.00003551 BTC.
- IOTA (MIOTA) traded up 6.3% against the dollar and now trades at $1.59 or 0.00019514 BTC.
- NEO (NEO) traded 4.1% higher against the dollar and now trades at $67.81 or 0.00830926 BTC.
- TRON (TRX) traded 4.5% higher against the dollar and now trades at $0.0422 or 0.00000517 BTC.
- Tether (USDT) traded down 0% against the dollar and now trades at $1.00 or 0.00012245 BTC.
- VeChain (VEN) traded up 2.7% against the dollar and now trades at $3.44 or 0.00042137 BTC.
- Binance Coin (BNB) traded down 4.4% against the dollar and now trades at $12.64 or 0.00154932 BTC.
- Ontology (ONT) traded 5.8% lower against the dollar and now trades at $4.39 or 0.00053742 BTC.
- Populous (PPT) traded 2.7% lower against the dollar and now trades at $16.01 or 0.00196167 BTC.
Numeraire Token Profile
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 “
Buying and Selling Numeraire
Numeraire can be bought or sold on the following cryptocurrency exchanges: CryptoDerivatives, EtherDelta and Bittrex. It is not currently possible to buy Numeraire directly using US dollars. Investors seeking to acquire Numeraire must first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Numeraire using one of the exchanges listed above.
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