Numeraire (CRYPTO:NMR) Market Capitalization Hits $20.96 Million

Numeraire (CURRENCY:NMR) traded down 17.8% against the dollar during the 24-hour period ending at 21:00 PM ET on February 20th. Numeraire has a total market cap of $20.96 million and approximately $514,925.00 worth of Numeraire was traded on exchanges in the last day. Over the last week, Numeraire has traded 31% lower against the dollar. One Numeraire token can currently be purchased for about $16.29 or 0.00201341 BTC on major cryptocurrency exchanges including EtherDelta, CryptoDerivatives and Bittrex.

Here’s how other cryptocurrencies have performed over the last day:

  • Ripple (XRP) traded 15.4% lower against the dollar and now trades at $0.67 or 0.00008305 BTC.
  • NEO (NEO) traded 17.8% lower against the dollar and now trades at $69.34 or 0.00856869 BTC.
  • Stellar (XLM) traded 18.8% lower against the dollar and now trades at $0.24 or 0.00002945 BTC.
  • IOTA (MIOTA) traded down 17.2% against the dollar and now trades at $1.10 or 0.00013639 BTC.
  • Tether (USDT) traded up 0.2% against the dollar and now trades at $1.00 or 0.00012389 BTC.
  • TRON (TRX) traded down 15.3% against the dollar and now trades at $0.0305 or 0.00000376 BTC.
  • VeChain (VEN) traded 16.2% lower against the dollar and now trades at $3.73 or 0.00046135 BTC.
  • Binance Coin (BNB) traded 13% lower against the dollar and now trades at $8.83 or 0.00109133 BTC.
  • Populous (PPT) traded down 19.4% against the dollar and now trades at $15.45 or 0.00190882 BTC.
  • Walton (WTC) traded 7.9% higher against the dollar and now trades at $22.77 or 0.00246724 BTC.

About Numeraire

Numeraire’s launch date was June 20th, 2017. Numeraire’s total supply is 2,286,256 tokens and its circulating supply is 1,286,256 tokens. The Reddit community for Numeraire is /r/numerai and the currency’s Github account can be viewed here. Numeraire’s official Twitter account is @numerai. The official website for Numeraire is numer.ai. The official message board for Numeraire is forum.numer.ai.

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 purchased on these cryptocurrency exchanges: Bittrex, CryptoDerivatives and EtherDelta. It is not 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, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Numeraire using one of the exchanges listed above.

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