Numeraire (CURRENCY:NMR) traded 6.2% lower against the U.S. dollar during the 1-day period ending at 19:00 PM Eastern on May 4th. One Numeraire coin can now be purchased for about $67.07 or 0.00124022 BTC on cryptocurrency exchanges. Over the last seven days, Numeraire has traded down 0.1% against the U.S. dollar. Numeraire has a total market cap of $329.40 million and $25.79 million worth of Numeraire was traded on exchanges in the last 24 hours.
Here’s how similar cryptocurrencies have performed over the last 24 hours:
- Chainlink (LINK) traded up 11.9% against the dollar and now trades at $47.31 or 0.00087496 BTC.
- THETA (THETA) traded down 10.2% against the dollar and now trades at $10.49 or 0.00019399 BTC.
- Binance USD (BUSD) traded 0% higher against the dollar and now trades at $1.00 or 0.00001849 BTC.
- DREP (DREP) traded 21% lower against the dollar and now trades at $1.96 or 0.00003398 BTC.
- DREP [old] (DREP) traded 19.5% lower against the dollar and now trades at $1.96 or 0.00003399 BTC.
- PancakeSwap (CAKE) traded down 10.7% against the dollar and now trades at $37.26 or 0.00068904 BTC.
- Aave (AAVE) traded 8.8% lower against the dollar and now trades at $464.28 or 0.00858565 BTC.
- Maker (MKR) traded 9.9% lower against the dollar and now trades at $5,360.93 or 0.09913600 BTC.
- FTX Token (FTT) traded 5.2% lower against the dollar and now trades at $54.64 or 0.00101043 BTC.
- Huobi Token (HT) traded 8.8% lower against the dollar and now trades at $24.27 or 0.00044880 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 Coin Trading
It is usually not possible to purchase alternative cryptocurrencies such as Numeraire directly using U.S. dollars. Investors seeking to trade Numeraire should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Numeraire using one of the aforementioned exchanges.
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