Numeraire (CURRENCY:NMR) traded 7.2% higher against the US dollar during the 1 day period ending at 18:00 PM ET on February 14th. One Numeraire token can currently be purchased for about $21.90 or 0.00231229 BTC on major cryptocurrency exchanges including Bittrex, EtherDelta and CryptoDerivatives. During the last seven days, Numeraire has traded up 33.1% against the US dollar. Numeraire has a market cap of $28.31 million and $383,360.00 worth of Numeraire was traded on exchanges in the last 24 hours.

Here’s how other cryptocurrencies have performed during the last 24 hours:

  • Ripple (XRP) traded 11.8% higher against the dollar and now trades at $1.15 or 0.00012133 BTC.
  • Stellar (XLM) traded 10.6% higher against the dollar and now trades at $0.46 or 0.00004806 BTC.
  • NEO (NEO) traded up 10.2% against the dollar and now trades at $122.48 or 0.01293420 BTC.
  • IOTA (MIOTA) traded up 12.5% against the dollar and now trades at $2.03 or 0.00021448 BTC.
  • TRON (TRX) traded up 6% against the dollar and now trades at $0.0459 or 0.00000485 BTC.
  • VeChain (VEN) traded up 18% against the dollar and now trades at $4.96 or 0.00052350 BTC.
  • Tether (USDT) traded 0% lower against the dollar and now trades at $1.00 or 0.00010557 BTC.
  • Binance Coin (BNB) traded up 16.6% against the dollar and now trades at $10.46 or 0.00110455 BTC.
  • Populous (PPT) traded 0.5% lower against the dollar and now trades at $26.42 or 0.00278996 BTC.
  • RChain (RHOC) traded 36.4% higher against the dollar and now trades at $2.35 or 0.00024780 BTC.

Numeraire Profile

Numeraire launched on June 20th, 2017. Numeraire’s total supply is 2,292,802 tokens and its circulating supply is 1,292,802 tokens. Numeraire’s official message board is forum.numer.ai. The official website for Numeraire is numer.ai. Numeraire’s official Twitter account is @numerai. The Reddit community for Numeraire is /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. White paper Forum “

Buying and Selling Numeraire

Numeraire can be traded on these cryptocurrency exchanges: CryptoDerivatives, EtherDelta and Bittrex. It is not presently possible to buy Numeraire directly using US dollars. Investors seeking to acquire Numeraire must first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Numeraire using one of the aforementioned exchanges.

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