Numeraire (CURRENCY:NMR) traded up 19.8% against the US dollar during the one day period ending at 9:00 AM Eastern on February 20th. Numeraire has a total market capitalization of $35.33 million and approximately $1.83 million worth of Numeraire was traded on exchanges in the last day. One Numeraire token can currently be purchased for approximately $27.36 or 0.00236448 BTC on exchanges including CryptoDerivatives, EtherDelta and Bittrex. During the last seven days, Numeraire has traded up 31.6% against the US dollar.
Here’s how related cryptocurrencies have performed during the last day:
- Ripple (XRP) traded down 0.4% against the dollar and now trades at $1.15 or 0.00009902 BTC.
- NEO (NEO) traded 2.6% higher against the dollar and now trades at $139.12 or 0.01202840 BTC.
- Stellar (XLM) traded down 4.6% against the dollar and now trades at $0.44 or 0.00003773 BTC.
- IOTA (MIOTA) traded down 2.4% against the dollar and now trades at $2.06 or 0.00017788 BTC.
- VeChain (VEN) traded 16.5% higher against the dollar and now trades at $7.09 or 0.00061307 BTC.
- TRON (TRX) traded down 2.7% against the dollar and now trades at $0.0506 or 0.00000438 BTC.
- Tether (USDT) traded up 0.1% against the dollar and now trades at $1.00 or 0.00008661 BTC.
- Binance Coin (BNB) traded 2.7% lower against the dollar and now trades at $10.78 or 0.00093171 BTC.
- Populous (PPT) traded 2.6% lower against the dollar and now trades at $27.07 or 0.00234027 BTC.
- RChain (RHOC) traded up 12.7% against the dollar and now trades at $2.57 or 0.00022190 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: Bittrex, EtherDelta and CryptoDerivatives. It is not currently possible to purchase Numeraire directly using US dollars. Investors seeking to trade Numeraire must first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Numeraire using one of the aforementioned exchanges.
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