Numeraire (NMR) Reaches Market Cap of $113.86 Million

Numeraire (NMR) traded up 0.4% against the US dollar during the 1-day period ending at 13:00 PM ET on January 9th. Numeraire has a total market cap of $113.86 million and approximately $13.08 million worth of Numeraire was traded on exchanges in the last day. One Numeraire token can currently be purchased for about $14.90 or 0.00016068 BTC on major cryptocurrency exchanges. In the last seven days, Numeraire has traded 9.2% lower against the US dollar.

Here is how related cryptocurrencies have performed in the last day:

• Aidi Finance (BSC) (AIDI) traded down 2.2% 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 down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 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.
• SolvBTC (SOLVBTC) traded 1.5% lower against the dollar and now trades at $92,614.76 or 0.99904688 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 1% lower against the dollar and now trades at $92,319.86 or 0.99586582 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

About Numeraire

Numeraire was first traded on June 21st, 2017. Numeraire’s total supply is 10,677,744 tokens and its circulating supply is 7,643,671 tokens. 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. Numeraire’s official Twitter account is @numerai and its Facebook page is accessible here. The official website for Numeraire is 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”

Buying and Selling Numeraire

It is usually not presently possible to buy alternative cryptocurrencies such as Numeraire directly using US dollars. Investors seeking to acquire Numeraire should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or Coinbase. 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