Numeraire (NMR) Reaches Market Capitalization of $51.48 Million

Numeraire (NMR) traded 5.1% lower against the US dollar during the 24 hour period ending at 13:00 PM Eastern on April 7th. Numeraire has a market cap of $51.48 million and approximately $13.01 million worth of Numeraire was traded on exchanges in the last 24 hours. One Numeraire token can currently be bought for $6.46 or 0.00008294 BTC on cryptocurrency exchanges. Over the last week, Numeraire has traded down 20.5% against the US dollar.

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

• 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 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 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 down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded 5.2% lower against the dollar and now trades at $77,913.84 or 1.00089462 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 5.3% lower against the dollar and now trades at $77,737.64 or 0.99863108 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Numeraire Token Profile

Numeraire was first traded on June 21st, 2017. Numeraire’s total supply is 10,673,326 tokens and its circulating supply is 7,972,520 tokens. The official message board for Numeraire 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. 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”

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 Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Numeraire using one of the exchanges listed above.

NMR/USD price chart by TradingView