Numeraire (NMR) Price Down 7.3% This Week
Numeraire (CURRENCY:NMR) traded 11.3% higher against the U.S. dollar during the 1-day period ending at 17:00 PM E.T. on February 10th. In the last week, Numeraire has traded down 7.3% against the U.S. dollar. Numeraire has a total market cap of $23.32 million and approximately $1.07 million worth of Numeraire was traded on exchanges in the last day. One Numeraire token can now be bought for approximately $18.04 or 0.00217251 BTC on major exchanges including EtherDelta, Bittrex and CryptoDerivatives.
Here’s how related cryptocurrencies have performed in the last day:
- Ripple (XRP) traded 13.8% higher against the dollar and now trades at $1.05 or 0.00012500 BTC.
- Stellar (XLM) traded 0.6% higher against the dollar and now trades at $0.40 or 0.00004741 BTC.
- NEO (NEO) traded down 6.6% against the dollar and now trades at $108.22 or 0.01292560 BTC.
- IOTA (MIOTA) traded down 5.9% against the dollar and now trades at $1.82 or 0.00021754 BTC.
- TRON (TRX) traded up 3.5% against the dollar and now trades at $0.0468 or 0.00000559 BTC.
- Tether (USDT) traded 1.6% lower against the dollar and now trades at $1.00 or 0.00011902 BTC.
- VeChain (VEN) traded 7.9% lower against the dollar and now trades at $4.21 or 0.00050334 BTC.
- Populous (PPT) traded down 22.2% against the dollar and now trades at $25.94 or 0.00309878 BTC.
- Binance Coin (BNB) traded down 2.6% against the dollar and now trades at $9.11 or 0.00108801 BTC.
- Status (SNT) traded 4% higher against the dollar and now trades at $0.24 or 0.00002820 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 Token Trading
Numeraire can be traded on these cryptocurrency exchanges: EtherDelta, Bittrex and CryptoDerivatives. It is not presently possible to purchase Numeraire directly using U.S. dollars. Investors seeking to acquire Numeraire must first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Numeraire using one of the aforementioned exchanges.
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