Numeraire (CURRENCY:NMR) traded 5% lower against the dollar during the twenty-four hour period ending at 18:00 PM ET on February 13th. Numeraire has a market cap of $26.63 million and $266,112.00 worth of Numeraire was traded on exchanges in the last 24 hours. One Numeraire token can currently be bought for approximately $20.60 or 0.00241482 BTC on major cryptocurrency exchanges including EtherDelta, Bittrex and CryptoDerivatives. During the last week, Numeraire has traded 41.4% higher against the dollar.
Here’s how other cryptocurrencies have performed during the last 24 hours:
- Ripple (XRP) traded down 5.1% against the dollar and now trades at $1.03 or 0.00012017 BTC.
- Stellar (XLM) traded 4% higher against the dollar and now trades at $0.41 or 0.00004829 BTC.
- NEO (NEO) traded 2.3% lower against the dollar and now trades at $110.97 or 0.01300790 BTC.
- IOTA (MIOTA) traded down 3% against the dollar and now trades at $1.81 or 0.00021164 BTC.
- TRON (TRX) traded 6.6% lower against the dollar and now trades at $0.0432 or 0.00000506 BTC.
- Tether (USDT) traded up 0.3% against the dollar and now trades at $1.00 or 0.00011765 BTC.
- VeChain (VEN) traded down 2.7% against the dollar and now trades at $4.19 or 0.00049105 BTC.
- Populous (PPT) traded down 11.6% against the dollar and now trades at $26.46 or 0.00310121 BTC.
- Binance Coin (BNB) traded 3.6% lower against the dollar and now trades at $8.95 or 0.00104885 BTC.
- U.CASH (UCASH) traded 48.6% lower against the dollar and now trades at $0.0938 or 0.00001100 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 “
Numeraire Token Trading
Numeraire can be traded on the following cryptocurrency exchanges: CryptoDerivatives, EtherDelta and Bittrex. It is not currently possible to purchase Numeraire directly using U.S. dollars. Investors seeking to trade Numeraire must first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Numeraire using one of the aforementioned exchanges.
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