Numeraire (CURRENCY:NMR) traded up 7.2% against the dollar during the 1-day period ending at 18:00 PM E.T. on February 14th. Numeraire has a total market capitalization of $28.31 million and approximately $383,360.00 worth of Numeraire was traded on exchanges in the last day. In the last seven days, Numeraire has traded 33.1% higher against the dollar. One Numeraire token can now be bought for about $21.90 or 0.00231229 BTC on cryptocurrency exchanges including EtherDelta, CryptoDerivatives and Bittrex.
Here’s how related cryptocurrencies have performed in the last day:
- Ripple (XRP) traded 11.8% higher against the dollar and now trades at $1.15 or 0.00012133 BTC.
- Stellar (XLM) traded 10.6% higher against the dollar and now trades at $0.46 or 0.00004806 BTC.
- NEO (NEO) traded 10.2% higher against the dollar and now trades at $122.48 or 0.01293420 BTC.
- IOTA (MIOTA) traded up 12.5% against the dollar and now trades at $2.03 or 0.00021448 BTC.
- TRON (TRX) traded 6% higher against the dollar and now trades at $0.0459 or 0.00000485 BTC.
- VeChain (VEN) traded 18% higher against the dollar and now trades at $4.96 or 0.00052350 BTC.
- Tether (USDT) traded 0% lower against the dollar and now trades at $1.00 or 0.00010557 BTC.
- Binance Coin (BNB) traded up 16.6% against the dollar and now trades at $10.46 or 0.00110455 BTC.
- Populous (PPT) traded 0.5% lower against the dollar and now trades at $26.42 or 0.00278996 BTC.
- RChain (RHOC) traded up 36.4% against the dollar and now trades at $2.35 or 0.00024780 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: EtherDelta, CryptoDerivatives 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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