Numeraire Market Capitalization Reaches $86.57 Million (NMR)

Numeraire (NMR) traded down 2.5% against the US dollar during the 24 hour period ending at 16:00 PM Eastern on August 14th. Over the last week, Numeraire has traded 5.8% higher against the US dollar. Numeraire has a total market capitalization of $86.57 million and $3.57 million worth of Numeraire was traded on exchanges in the last day. One Numeraire token can currently be bought for approximately $11.83 or 0.00020028 BTC on exchanges.

Here’s how other cryptocurrencies have performed over the last day:

• 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 2.2% lower 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.
• Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% 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.
• Lumi Credits (LUMI) traded up 2.1% against the dollar and now trades at $0.0131 or 0.00000022 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded down 10.3% against the dollar and now trades at $0.0526 or 0.00000089 BTC.

Numeraire Token Profile

Numeraire launched on June 21st, 2017. Numeraire’s total supply is 10,716,533 tokens and its circulating supply is 7,318,983 tokens. Numeraire’s official Twitter account is @numerai and its Facebook page is accessible here. Numeraire’s official website is numer.ai. The Reddit community for Numeraire is https://reddit.com/r/numerai and the currency’s Github account can be viewed here. Numeraire’s official message board is forum.numer.ai.

According to CryptoCompare, “Numerai is a San Francisco-based hedge fund that uses machine learning to make trades in financial markets. It utilizes a global network of data scientists who compete to create the best trading algorithms, with their algorithms being evaluated based on how well they perform on new, unseen data. The platform is built on the Ethereum blockchain and uses the NMR token as its native currency to incentivize data scientists to submit high-quality and accurate algorithms. This creates a more secure and decentralized approach to hedge fund management and can potentially lead to more profitable trades”

Numeraire Token Trading

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

NMR/USD price chart by TradingView