Numeraire (CURRENCY:NMR) traded 14.7% higher against the U.S. dollar during the 24-hour period ending at 17:00 PM E.T. on February 19th. One Numeraire token can now be purchased for about $24.26 or 0.00217839 BTC on cryptocurrency exchanges including Bittrex, CryptoDerivatives and EtherDelta. During the last week, Numeraire has traded 12.3% higher against the U.S. dollar. Numeraire has a total market cap of $31.32 million and $1.96 million worth of Numeraire was traded on exchanges in the last 24 hours.
Here’s how similar cryptocurrencies have performed during the last 24 hours:
- Ripple (XRP) traded 0.7% higher against the dollar and now trades at $1.15 or 0.00010289 BTC.
- NEO (NEO) traded 6.3% higher against the dollar and now trades at $137.29 or 0.01232860 BTC.
- Stellar (XLM) traded down 0.7% against the dollar and now trades at $0.45 or 0.00004052 BTC.
- IOTA (MIOTA) traded up 2.3% against the dollar and now trades at $2.09 or 0.00018753 BTC.
- TRON (TRX) traded 2% higher against the dollar and now trades at $0.0514 or 0.00000462 BTC.
- VeChain (VEN) traded 16.1% higher against the dollar and now trades at $6.34 or 0.00056974 BTC.
- Tether (USDT) traded down 0.3% against the dollar and now trades at $1.00 or 0.00008983 BTC.
- Binance Coin (BNB) traded 2% higher against the dollar and now trades at $11.05 or 0.00099183 BTC.
- Populous (PPT) traded 0.2% higher against the dollar and now trades at $27.72 or 0.00248937 BTC.
- RChain (RHOC) traded 4.7% higher against the dollar and now trades at $2.36 or 0.00021199 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 these cryptocurrency exchanges: CryptoDerivatives, Bittrex and EtherDelta. It is not presently possible to purchase Numeraire directly using U.S. dollars. Investors seeking to acquire Numeraire must first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Numeraire using one of the aforementioned exchanges.
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