Numeraire (NMR) Hits Market Cap of $53.25 Million

Numeraire (NMR) traded 7.9% lower against the U.S. dollar during the 1 day period ending at 12:00 PM E.T. on June 22nd. Numeraire has a total market cap of $53.25 million and $8.03 million worth of Numeraire was traded on exchanges in the last 24 hours. One Numeraire token can now be purchased for $6.60 or 0.00006650 BTC on major exchanges. In the last week, Numeraire has traded 13.4% lower against the U.S. dollar.

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 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Central African Republic Meme (CAR) traded 13.5% lower against the dollar and now trades at $0.0344 or 0.00000035 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 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded 4.1% lower against the dollar and now trades at $99,397.26 or 1.00216988 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 4% against the dollar and now trades at $99,352.28 or 1.00171636 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.

About Numeraire

Numeraire launched on June 21st, 2017. Numeraire’s total supply is 10,670,136 tokens and its circulating supply is 8,074,172 tokens. Numeraire’s official website is numer.ai. Numeraire’s official message board is forum.numer.ai. Numeraire’s official Twitter account is @numerai and its Facebook page is accessible here. The Reddit community for Numeraire is https://reddit.com/r/numerai and the currency’s Github account can be viewed 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.”

Numeraire Token Trading

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

NMR/USD price chart by TradingView