Numeraire (CURRENCY:NMR) traded down 9.5% against the U.S. dollar during the 24 hour period ending at 21:00 PM E.T. on January 29th. One Numeraire token can now be bought for $25.82 or 0.00236164 BTC on cryptocurrency exchanges including CryptoDerivatives, EtherDelta and Bittrex. Numeraire has a market capitalization of $33.46 million and approximately $258,466.00 worth of Numeraire was traded on exchanges in the last day. In the last week, Numeraire has traded down 2.9% against the U.S. dollar.
Here’s how similar cryptocurrencies have performed in the last day:
- Ripple (XRP) traded 5.5% lower against the dollar and now trades at $1.29 or 0.00011779 BTC.
- NEO (NEO) traded 8.6% higher against the dollar and now trades at $169.45 or 0.01543310 BTC.
- Stellar (XLM) traded 8.5% lower against the dollar and now trades at $0.57 or 0.00005150 BTC.
- IOTA (MIOTA) traded 1.2% higher against the dollar and now trades at $2.52 or 0.00022988 BTC.
- TRON (TRX) traded down 4.4% against the dollar and now trades at $0.0620 or 0.00000565 BTC.
- VeChain (VEN) traded down 6.9% against the dollar and now trades at $6.15 or 0.00056011 BTC.
- Populous (PPT) traded 9.3% lower against the dollar and now trades at $67.11 or 0.00611252 BTC.
- Tether (USDT) traded up 0.4% against the dollar and now trades at $0.99 or 0.00009054 BTC.
- Binance Coin (BNB) traded down 6.4% against the dollar and now trades at $12.50 or 0.00113866 BTC.
- Status (SNT) traded 6% lower against the dollar and now trades at $0.28 or 0.00002590 BTC.
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 purchased on the following cryptocurrency exchanges: CryptoDerivatives, Bittrex and EtherDelta. It is not possible to buy Numeraire directly using US dollars. Investors seeking to acquire Numeraire must first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Numeraire using one of the aforementioned exchanges.
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