Numeraire (NMR) Price Reaches $16.41 on Exchanges
Numeraire (CURRENCY:NMR) traded down 16.7% against the dollar during the twenty-four hour period ending at 22:00 PM ET on March 14th. Numeraire has a total market cap of $21.10 million and $540,881.00 worth of Numeraire was traded on exchanges in the last 24 hours. One Numeraire token can now be bought for $16.41 or 0.00201528 BTC on major cryptocurrency exchanges including EtherDelta, CryptoDerivatives and Bittrex. During the last week, Numeraire has traded down 30.8% against the dollar.
Here’s how other cryptocurrencies have performed during the last 24 hours:
- Ripple (XRP) traded 15.7% lower against the dollar and now trades at $0.67 or 0.00008235 BTC.
- NEO (NEO) traded down 18.2% against the dollar and now trades at $69.17 or 0.00849569 BTC.
- Stellar (XLM) traded 18.9% lower against the dollar and now trades at $0.24 or 0.00002932 BTC.
- IOTA (MIOTA) traded 17.6% lower against the dollar and now trades at $1.11 or 0.00013637 BTC.
- Tether (USDT) traded 1% higher against the dollar and now trades at $1.01 or 0.00012421 BTC.
- TRON (TRX) traded 15.3% lower against the dollar and now trades at $0.0305 or 0.00000375 BTC.
- VeChain (VEN) traded 16.7% lower against the dollar and now trades at $3.75 or 0.00046081 BTC.
- Binance Coin (BNB) traded down 13.2% against the dollar and now trades at $8.89 or 0.00109221 BTC.
- Populous (PPT) traded down 17.9% against the dollar and now trades at $15.66 or 0.00192337 BTC.
- Walton (WTC) traded up 7.9% against the dollar and now trades at $22.77 or 0.00246724 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 “
Buying and Selling Numeraire
Numeraire can be traded on the following cryptocurrency exchanges: EtherDelta, Bittrex and CryptoDerivatives. It is not presently possible to buy Numeraire directly using U.S. dollars. Investors seeking to acquire Numeraire must first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Numeraire using one of the aforementioned exchanges.
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