Numeraire (CURRENCY:NMR) traded down 0.7% against the U.S. dollar during the 24-hour period ending at 9:00 AM ET on July 22nd. One Numeraire coin can now be bought for $30.82 or 0.00095993 BTC on popular exchanges. Numeraire has a total market cap of $153.99 million and $13.97 million worth of Numeraire was traded on exchanges in the last 24 hours. Over the last week, Numeraire has traded down 0.2% against the U.S. dollar.
Here is how related cryptocurrencies have performed over the last 24 hours:
- Binance USD (BUSD) traded 0% higher against the dollar and now trades at $1.00 or 0.00003116 BTC.
- Chainlink (LINK) traded 3.6% higher against the dollar and now trades at $15.33 or 0.00047756 BTC.
- DREP (DREP) traded 21% lower against the dollar and now trades at $1.96 or 0.00003398 BTC.
- DREP [old] (DREP) traded down 19.5% against the dollar and now trades at $1.96 or 0.00003399 BTC.
- Polygon (MATIC) traded 6.2% higher against the dollar and now trades at $0.89 or 0.00002757 BTC.
- Dai (DAI) traded down 0% against the dollar and now trades at $1.00 or 0.00003118 BTC.
- THETA (THETA) traded up 6.8% against the dollar and now trades at $4.52 or 0.00014090 BTC.
- Aave (AAVE) traded 7.8% higher against the dollar and now trades at $266.80 or 0.00830946 BTC.
- botXcoin (BOTX) traded 1% lower against the dollar and now trades at $2.04 or 0.00006340 BTC.
- Crypto.com Coin (CRO) traded 2.9% higher against the dollar and now trades at $0.11 or 0.00000346 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 buy alternative cryptocurrencies such as Numeraire directly using U.S. dollars. Investors seeking to acquire Numeraire should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Numeraire using one of the aforementioned exchanges.
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