Numeraire (NMR) Reaches 1-Day Trading Volume of $398,205.00
Numeraire (CURRENCY:NMR) traded up 8.7% against the dollar during the twenty-four hour period ending at 23:00 PM E.T. on March 19th. One Numeraire token can currently be purchased for about $15.77 or 0.00184297 BTC on cryptocurrency exchanges including EtherDelta, CryptoDerivatives and Bittrex. Numeraire has a total market capitalization of $21.38 million and $398,205.00 worth of Numeraire was traded on exchanges in the last day. During the last week, Numeraire has traded 22.3% lower against the dollar.
Here’s how similar cryptocurrencies have performed during the last day:
- Ripple (XRP) traded 8.1% higher against the dollar and now trades at $0.72 or 0.00008416 BTC.
- NEO (NEO) traded 15.4% higher against the dollar and now trades at $73.67 or 0.00861113 BTC.
- Stellar (XLM) traded 13% higher against the dollar and now trades at $0.25 or 0.00002917 BTC.
- IOTA (MIOTA) traded 10.5% higher against the dollar and now trades at $1.32 or 0.00015484 BTC.
- TRON (TRX) traded 17.5% higher against the dollar and now trades at $0.0340 or 0.00000397 BTC.
- Tether (USDT) traded 0.5% lower against the dollar and now trades at $1.00 or 0.00011662 BTC.
- VeChain (VEN) traded 6.7% higher against the dollar and now trades at $3.86 or 0.00045067 BTC.
- Binance Coin (BNB) traded 1.5% higher against the dollar and now trades at $8.99 or 0.00105035 BTC.
- Populous (PPT) traded up 2.7% against the dollar and now trades at $15.37 or 0.00179617 BTC.
- Walton (WTC) traded 7.9% higher against the dollar and now trades at $22.77 or 0.00246724 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 “
Buying and Selling Numeraire
Numeraire can be bought or sold on these cryptocurrency exchanges: EtherDelta, Bittrex and CryptoDerivatives. It is not presently 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 Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Numeraire using one of the aforementioned exchanges.
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