Numeraire (NMR) Hits Market Cap of $114.24 Million

Numeraire (NMR) traded 12.7% lower against the U.S. dollar during the 24-hour period ending at 13:00 PM E.T. on December 20th. One Numeraire token can currently be purchased for about $14.99 or 0.00015439 BTC on exchanges. Numeraire has a market capitalization of $114.24 million and $31.27 million worth of Numeraire was traded on exchanges in the last day. Over the last week, Numeraire has traded down 33.8% against the U.S. dollar.

Here’s how similar 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 down 2.2% 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 down 3.2% against the dollar and now trades at $96,556.27 or 0.99431707 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 4.5% against the dollar and now trades at $96,175.84 or 0.99039951 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 down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

Numeraire Profile

Numeraire was first traded on June 21st, 2017. Numeraire’s total supply is 10,686,901 tokens and its circulating supply is 7,619,501 tokens. The official message board for Numeraire is forum.numer.ai. The official website for Numeraire is 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.

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 currently possible to purchase alternative cryptocurrencies such as Numeraire directly using U.S. dollars. Investors seeking to trade Numeraire should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Numeraire using one of the aforementioned exchanges.

NMR/USD price chart by TradingView