Numeraire Achieves Market Cap of $64.37 Million (NMR)

Numeraire (NMR) traded 2.1% lower against the U.S. dollar during the twenty-four hour period ending at 0:00 AM ET on November 24th. Numeraire has a total market cap of $64.37 million and approximately $1.03 million worth of Numeraire was traded on exchanges in the last day. One Numeraire token can now be bought for about $10.93 or 0.00066595 BTC on popular exchanges. Over the last week, Numeraire has traded down 2% against the U.S. dollar.

Here is how related cryptocurrencies have performed over the last day:

  • KILT Protocol (KILT) traded 11.8% lower against the dollar and now trades at $0.37 or 0.00002266 BTC.
  • Aidi Finance (BSC) (AIDI) traded up 6.9% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Zoo Token (ZOOT) traded up 1.6% against the dollar and now trades at $0.0456 or 0.00000275 BTC.
  • CareCoin (CARES) traded up 1.6% against the dollar and now trades at $0.0566 or 0.00000341 BTC.
  • OmniaVerse (OMNIA) traded 5.1% higher against the dollar and now trades at $0.0012 or 0.00000007 BTC.
  • 2G Carbon Coin (2GCC) traded 3% higher against the dollar and now trades at $1,436.69 or 0.08662447 BTC.
  • Kitty Inu (KITTY) traded up 1.6% against the dollar and now trades at $80.13 or 0.00483120 BTC.
  • Lunar (LNR) traded 3.1% higher against the dollar and now trades at $0.0602 or 0.00000363 BTC.
  • Hokkaidu Inu (HOKK) traded down 15.4% against the dollar and now trades at $0.0004 or 0.00000002 BTC.
  • QANplatform (QANX) traded 1.6% higher against the dollar and now trades at $4,916.09 or 0.29641368 BTC.

Numeraire Profile

Numeraire launched on June 21st, 2017. Numeraire’s total supply is 10,931,080 tokens and its circulating supply is 5,888,504 tokens. Numeraire’s official website is numer.ai. Numeraire’s official Twitter account is @numerai and its Facebook page is accessible here. The official message board for Numeraire is forum.numer.ai. The Reddit community for Numeraire is https://reddit.com/r/numerai and the currency’s Github account can be viewed here.

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.”

Numeraire Token Trading

It is usually not possible to buy alternative cryptocurrencies such as Numeraire directly using US dollars. Investors seeking to acquire Numeraire should first buy 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 buy Numeraire using one of the exchanges listed above.

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