Numeraire (NMR) Achieves Market Cap of $60.06 Million

Numeraire (NMR) traded down 0.5% against the US dollar during the 1-day period ending at 11:00 AM E.T. on August 16th. Numeraire has a total market cap of $60.06 million and approximately $4.79 million worth of Numeraire was traded on exchanges in the last 24 hours. In the last seven days, Numeraire has traded 4.7% lower against the US dollar. One Numeraire token can currently be bought for about $8.10 or 0.00012848 BTC on popular exchanges.

Here is how other cryptocurrencies have performed in the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• UZDT (UZDT) traded up 0% against the dollar and now trades at $1.00 or 0.00001586 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded 0.1% lower against the dollar and now trades at $62,843.21 or 0.99672867 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

About Numeraire

Numeraire’s genesis date was June 21st, 2017. Numeraire’s total supply is 10,625,809 tokens and its circulating supply is 7,414,386 tokens. Numeraire’s official message board is forum.numer.ai. The Reddit community for Numeraire is https://reddit.com/r/numerai and the currency’s Github account can be viewed here. The official website for Numeraire is numer.ai. Numeraire’s official Twitter account is @numerai and its Facebook page is accessible here.

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. Telegram, Vimeo, YouTubeWhitepaperForum”

Numeraire Token Trading

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

NMR/USD price chart by TradingView