Numeraire (NMR) 1-Day Volume Hits $5.72 Million

Numeraire (NMR) traded down 1.2% against the U.S. dollar during the twenty-four hour period ending at 12:00 PM Eastern on March 19th. One Numeraire token can now be purchased for approximately $19.78 or 0.00071432 BTC on popular cryptocurrency exchanges. Numeraire has a total market cap of $116.45 million and approximately $5.72 million worth of Numeraire was traded on exchanges in the last day. In the last seven days, Numeraire has traded up 27.4% against the U.S. dollar.

Here is how similar cryptocurrencies have performed in the last day:

• KILT Protocol (KILT) traded 8% lower against the dollar and now trades at $0.40 or 0.00001437 BTC.
• Aidi Finance (BSC) (AIDI) traded down 0% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded up 0.3% against the dollar and now trades at $0.0684 or 0.00000248 BTC.
• CareCoin (CARES) traded 0.3% higher against the dollar and now trades at $0.0849 or 0.00000307 BTC.
• OmniaVerse (OMNIA) traded 2% lower against the dollar and now trades at $0.0012 or 0.00000004 BTC.
• Kitty Inu (KITTY) traded up 0.3% against the dollar and now trades at $101.47 or 0.00367618 BTC.
• FEG Token (FEG) traded 0.3% higher against the dollar and now trades at $0.0008 or 0.00000003 BTC.
• Hokkaidu Inu (HOKK) traded 0.6% lower against the dollar and now trades at $0.0007 or 0.00000002 BTC.
• QANplatform (QANX) traded 0.3% higher against the dollar and now trades at $7,375.38 or 0.26719740 BTC.
• Lego Coin (LEGO) traded down 8.5% against the dollar and now trades at $0.0164 or 0.00000059 BTC.

About Numeraire

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

Numeraire Token Trading

It is usually not presently possible to purchase alternative cryptocurrencies such as Numeraire directly using US dollars. Investors seeking to trade Numeraire should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Numeraire using one of the exchanges listed above.

NMR/USD price chart by TradingView