Numeraire (NMR) Market Capitalization Achieves $160.84 Million

Numeraire (NMR) traded down 0.6% against the dollar during the 24-hour period ending at 17:00 PM Eastern on April 27th. Numeraire has a total market capitalization of $160.84 million and approximately $4.46 million worth of Numeraire was traded on exchanges in the last 24 hours. One Numeraire token can currently be purchased for approximately $25.61 or 0.00040531 BTC on popular cryptocurrency exchanges. In the last week, Numeraire has traded 7.7% lower against the dollar.

Here’s how related cryptocurrencies have performed in the last 24 hours:

• KILT Protocol (KILT) traded 8.3% lower against the dollar and now trades at $0.29 or 0.00000464 BTC.
• 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 down 2.2% 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 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Lego Coin (LEGO) traded flat against the dollar and now trades at $0.0086 or 0.00000013 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 0.4% higher against the dollar and now trades at $0.0096 or 0.00000015 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

Numeraire Token Profile

Numeraire launched on June 21st, 2017. Numeraire’s total supply is 10,719,224 tokens and its circulating supply is 6,279,809 tokens. The official message board for Numeraire is forum.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 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 possible to purchase alternative cryptocurrencies such as Numeraire directly using US dollars. Investors seeking to trade Numeraire should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Numeraire using one of the aforementioned exchanges.

NMR/USD price chart by TradingView