Numeraire Achieves Market Capitalization of $159.72 Million (NMR)

Numeraire (NMR) traded up 7% against the U.S. dollar during the twenty-four hour period ending at 12:00 PM ET on April 19th. One Numeraire coin can now be purchased for $27.12 or 0.00065368 BTC on major exchanges. During the last seven days, Numeraire has traded 2.1% higher against the U.S. dollar. Numeraire has a market cap of $159.72 million and $10.92 million worth of Numeraire was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed during the last day:

  • Binance USD (BUSD) traded 0.1% higher against the dollar and now trades at $1.00 or 0.00002411 BTC.
  • Polygon (MATIC) traded up 4.9% against the dollar and now trades at $1.43 or 0.00003448 BTC.
  • Crypto.com Coin (CRO) traded up 5% against the dollar and now trades at $0.41 or 0.00001075 BTC.
  • Dai (DAI) traded 0.1% higher against the dollar and now trades at $1.00 or 0.00002410 BTC.
  • Parkgene (GENE) traded flat against the dollar and now trades at $25.59 or 0.00045023 BTC.
  • DREP (DREP) traded flat against the dollar and now trades at $1.96 or 0.00003398 BTC.
  • DREP [old] (DREP) traded flat against the dollar and now trades at $1.96 or 0.00003399 BTC.
  • Chainlink (LINK) traded 7.4% higher against the dollar and now trades at $14.30 or 0.00034457 BTC.
  • FTX Token (FTT) traded up 4.6% against the dollar and now trades at $43.60 or 0.00105066 BTC.
  • THETA (THETA) traded flat against the dollar and now trades at $5.25 or 0.00010640 BTC.

Numeraire Coin Profile

NMR is a coin. Its launch date was June 20th, 2017. Numeraire’s total supply is 10,952,687 coins and its circulating supply is 5,888,504 coins. Numeraire’s official Twitter account is @numerai and its Facebook page is accessible here. Numeraire’s official message board is forum.numer.ai. The Reddit community for Numeraire is /r/numerai and the currency’s Github account can be viewed here. Numeraire’s official website is 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 Coin Trading

It is usually not currently possible to buy alternative cryptocurrencies such as Numeraire directly using U.S. dollars. Investors seeking to acquire Numeraire should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Numeraire using one of the exchanges listed above.

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