Numeraire (CURRENCY:NMR) traded down 13.3% against the U.S. dollar during the twenty-four hour period ending at 11:00 AM E.T. on March 14th. Numeraire has a market cap of $23.07 million and $518,208.00 worth of Numeraire was traded on exchanges in the last 24 hours. One Numeraire token can currently be purchased for about $17.93 or 0.00206274 BTC on major exchanges including Bittrex, EtherDelta and CryptoDerivatives. During the last seven days, Numeraire has traded 26.5% lower against the U.S. dollar.
Here’s how similar cryptocurrencies have performed during the last 24 hours:
- Ripple (XRP) traded 4.5% lower against the dollar and now trades at $0.75 or 0.00008609 BTC.
- Stellar (XLM) traded 4.8% lower against the dollar and now trades at $0.27 or 0.00003146 BTC.
- NEO (NEO) traded 7.5% lower against the dollar and now trades at $77.14 or 0.00887182 BTC.
- IOTA (MIOTA) traded 8.7% lower against the dollar and now trades at $1.19 or 0.00013735 BTC.
- Tether (USDT) traded 0.1% higher against the dollar and now trades at $1.00 or 0.00011520 BTC.
- TRON (TRX) traded 4.8% lower against the dollar and now trades at $0.0334 or 0.00000384 BTC.
- VeChain (VEN) traded up 2.8% against the dollar and now trades at $4.20 or 0.00048289 BTC.
- Binance Coin (BNB) traded down 5.2% against the dollar and now trades at $9.54 or 0.00109676 BTC.
- Populous (PPT) traded 13.3% lower against the dollar and now trades at $16.75 or 0.00192613 BTC.
- Walton (WTC) traded 7.9% higher against the dollar and now trades at $22.77 or 0.00246724 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 “
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 US dollars. Investors seeking to trade Numeraire must first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Numeraire using one of the aforementioned exchanges.
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