Numeraire reaches a trading volume of $554,538 and traded up 0.5% against the USD during the 1-day period yesterday, February 14th. One token now can be bought for approximately $5.20 on popular exchanges such as Bittrex, DDEX, and other platforms so let’s read more about in the latest altcoin news today.
The altcoin has a total market cap of $12.79 million and Numeraire reaches a trading volume of $554,538 when it got traded on exchanges in the last day. During the last week, Numeraire has traded 16.5% lower against the US dollar.
The cryptocurrency was launched in 2017 in June and it has a total supply of 10,987,656 tokens and its circulating supply is 2,459,098 tokens. The official website for Numeraire is numer.ai and you can find the message board for the platform on the website. The entire Reddit community for Numeraire is increasing and the cryptocurrency has a Github account that can be viewed on the website.
Numeraire can be traded on multiple exchanges such as Bittrex, DDEX, and Upbit and it is still not possible to buy it by using US dollars directly. The investors are looking to acquire Numeraire but they can only do so by using Bitcoin or Ethereum first on an exchange that deals with US dollars such as Coinbase, changelly or Gdax. The investors can use their newly-acquired coins and can purchase Numerarie using one of the previously mentioned exchanges.
According to the founder of Numerai, Richard Craib, the funds from the recent ICO will mostly be spent on hiring and training new engineers for Erasure which is a decentralized unit of Numerai’s marketplace. Speaking of, Erasure is scheduled to launch later in 2019. Once it is launched, it will allow users to sell their predictions to investment funds through a public network – and the peer-to-peer InterPlanetary File System (IPFS) – with the main aim of converting their crypto wallets to the Ethereum-based marketplace, according to Craib’s statement.
Led by VC and private equity firm Placeholder, the ICO round also included the crypto investment company Paradigm that was founded by Coinbase’s co-founder Fred Ehrsam. After the news went live, the price of the Nomeraire token surged by 19% and is now trading at $5.77 at press time, according to new data from CoinMarketCap.
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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