Numeraire (CURRENCY:NMR) traded 11.2% lower against the US dollar during the 1 day period ending at 16:00 PM E.T. on March 12th. Numeraire has a market cap of $24.81 million and $483,239.00 worth of Numeraire was traded on exchanges in the last 24 hours. Over the last seven days, Numeraire has traded down 34.8% against the US dollar. One Numeraire token can currently be purchased for about $19.29 or 0.00216437 BTC on cryptocurrency exchanges including CryptoDerivatives, Bittrex and EtherDelta.
Here is how similar cryptocurrencies have performed over the last 24 hours:
- Ripple (XRP) traded 5% lower against the dollar and now trades at $0.79 or 0.00008897 BTC.
- NEO (NEO) traded down 7.5% against the dollar and now trades at $84.45 or 0.00947694 BTC.
- Stellar (XLM) traded 5.2% lower against the dollar and now trades at $0.29 or 0.00003227 BTC.
- IOTA (MIOTA) traded down 8.2% against the dollar and now trades at $1.29 or 0.00014531 BTC.
- TRON (TRX) traded 9.4% lower against the dollar and now trades at $0.0350 or 0.00000393 BTC.
- Tether (USDT) traded 0.3% lower against the dollar and now trades at $1.00 or 0.00011221 BTC.
- VeChain (VEN) traded up 0.6% against the dollar and now trades at $3.87 or 0.00043465 BTC.
- Binance Coin (BNB) traded 5.8% lower against the dollar and now trades at $7.86 or 0.00088201 BTC.
- Populous (PPT) traded 6.5% lower against the dollar and now trades at $15.63 or 0.00175372 BTC.
- Walton (WTC) traded up 7.9% 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 “
Buying and Selling Numeraire
Numeraire can be traded on these cryptocurrency exchanges: Bittrex, EtherDelta and CryptoDerivatives. It is not presently possible to purchase Numeraire directly using US dollars. Investors seeking to acquire Numeraire must first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Numeraire using one of the exchanges listed above.
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