Numeraire (CURRENCY:NMR) traded 12.2% higher against the U.S. dollar during the one day period ending at 18:00 PM Eastern on February 12th. During the last seven days, Numeraire has traded up 58.9% against the U.S. dollar. One Numeraire token can currently be bought for approximately $21.31 or 0.00242261 BTC on exchanges including CryptoDerivatives, Bittrex and EtherDelta. Numeraire has a total market capitalization of $27.55 million and $1.24 million worth of Numeraire was traded on exchanges in the last 24 hours.
Here is how other cryptocurrencies have performed during the last 24 hours:
- Ripple (XRP) traded 3.4% higher against the dollar and now trades at $1.07 or 0.00012197 BTC.
- NEO (NEO) traded up 5.3% against the dollar and now trades at $112.91 or 0.01283780 BTC.
- Stellar (XLM) traded up 3.5% against the dollar and now trades at $0.40 or 0.00004492 BTC.
- IOTA (MIOTA) traded 4.8% higher against the dollar and now trades at $1.85 or 0.00020983 BTC.
- TRON (TRX) traded up 5.5% against the dollar and now trades at $0.0459 or 0.00000522 BTC.
- Tether (USDT) traded down 0.3% against the dollar and now trades at $1.00 or 0.00011370 BTC.
- VeChain (VEN) traded up 2.3% against the dollar and now trades at $4.24 or 0.00048177 BTC.
- U.CASH (UCASH) traded up 3.6% against the dollar and now trades at $0.20 or 0.00002240 BTC.
- Populous (PPT) traded 20.8% higher against the dollar and now trades at $29.67 or 0.00337394 BTC.
- Binance Coin (BNB) traded 3.9% higher against the dollar and now trades at $9.23 or 0.00104912 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 these cryptocurrency exchanges: Bittrex, EtherDelta and CryptoDerivatives. It is not possible to buy Numeraire directly using U.S. dollars. Investors seeking to trade Numeraire must first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini 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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