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Numeraire Reaches Market Capitalization of $109.61 Million (NMR)

Financial News Live ·  2023/03/29 21:53

Numeraire (NMR) traded up 1.1% against the dollar during the one day period ending at 21:00 PM Eastern on March 29th. One Numeraire token can now be bought for about $18.61 or 0.00065679 BTC on cryptocurrency exchanges. Numeraire has a total market cap of $109.61 million and $5.85 million worth of Numeraire was traded on exchanges in the last day. Over the last week, Numeraire has traded up 3.3% against the dollar.

Here's how similar cryptocurrencies have performed over the last day:

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  • KILT Protocol (KILT) traded up 3.2% against the dollar and now trades at $0.40 or 0.00001401 BTC.
  • 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 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.
  • OmniaVerse (OMNIA) traded 7.4% higher against the dollar and now trades at $0.0011 or 0.00000004 BTC.
  • Kitty Inu (KITTY) traded 2.2% lower against the dollar and now trades at $89.88 or 0.00329820 BTC.
  • Hokkaidu Inu (HOKK) traded up 6% against the dollar and now trades at $0.0006 or 0.00000002 BTC.
  • QANplatform (QANX) traded down 2.2% against the dollar and now trades at $7,030.26 or 0.25798217 BTC.
  • Lego Coin (LEGO) traded down 0.4% against the dollar and now trades at $0.0247 or 0.00000087 BTC.
  • Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.

About Numeraire

Numeraire was first traded on June 21st, 2017. Numeraire's total supply is 10,931,080 tokens and its circulating supply is 5,888,504 tokens. Numeraire's official Twitter account is @numerai and its Facebook page is accessible here. The Reddit community for Numeraire is and the currency's Github account can be viewed here. Numeraire's official website is numer.ai. The official message board for Numeraire is forum.numer.ai.

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."

Numeraire Token Trading

It is usually not presently possible to purchase alternative cryptocurrencies such as Numeraire directly using U.S. dollars. Investors seeking to acquire Numeraire should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Numeraire using one of the exchanges listed above.

NMR/USD price chart by TradingView

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