Numeraire (CURRENCY:NMR) traded up 2.2% against the US dollar during the 1 day period ending at 19:00 PM Eastern on January 19th. Over the last week, Numeraire has traded down 22.3% against the US dollar. One Numeraire token can currently be purchased for approximately $33.56 or 0.00288594 BTC on cryptocurrency exchanges including Bittrex, EtherDelta and CryptoDerivatives. Numeraire has a market cap of $43.50 million and approximately $1.16 million 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 down 4.7% against the dollar and now trades at $1.55 or 0.00013310 BTC.
- NEO (NEO) traded 2% lower against the dollar and now trades at $140.76 or 0.01210420 BTC.
- Stellar (XLM) traded down 1.3% against the dollar and now trades at $0.51 or 0.00004356 BTC.
- IOTA (MIOTA) traded down 2.1% against the dollar and now trades at $2.73 or 0.00023456 BTC.
- TRON (TRX) traded down 1.7% against the dollar and now trades at $0.0815 or 0.00000701 BTC.
- VeChain (VEN) traded up 7.3% against the dollar and now trades at $6.02 or 0.00051737 BTC.
- Tether (USDT) traded down 1.5% against the dollar and now trades at $1.01 or 0.00008654 BTC.
- Populous (PPT) traded 1.1% higher against the dollar and now trades at $43.45 or 0.00373654 BTC.
- Binance Coin (BNB) traded up 5.7% against the dollar and now trades at $15.11 or 0.00129967 BTC.
- Status (SNT) traded 1.4% higher against the dollar and now trades at $0.33 or 0.00002859 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 traded on the following cryptocurrency exchanges: Bittrex, EtherDelta and CryptoDerivatives. 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 Gemini, 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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