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Highlights:
- Developers, data scientists can build machine learning models through Numeraire.
- The token trades on crypto exchanges like Binance, DigiFinex, etc.
- It returned over 99% gains in the last seven days.
The Numeraire (NMR) crypto drew investors’ attention on Wednesday after its price rose more than 86% amid a steep fall in the broader market. Its volume skyrocketed 2364% in the trailing 24 hours.
In contrast, the global crypto market cap declined 5.12% to US$897.64 billion at 8:46 am ET, and its one-day volume decreased by 5.77% to US$63.20 billion.
What is Numeraire (NMR) crypto?
Numeraire allows developers and data scientists to experiment and build machine learning models. The Ethereum-based project claims to offer developers reliability and decentralized data.
It also claims to be the first hedge fund to launch a crypto project. Unlike traditional hedge funds, it relies on data and predictions created by tournament participants in the equity market.
According to the company, it is also the first hedge fund to use machine learning in investment plans.
The project was founded by Richard Craib in 2015. Its native NMR token can be traded on crypto exchanges like Binance, DigiFinex, Bilaxy, etc.
Data Source: CoinMarketCap.com
Bottom line:
The NMR token was priced at US$16.63 at 8:50 am ET on June 29, up 86.49%. Its volume rose 2364.88% to US$132.01 million in the last 24 hours. Numeraire’s market cap is US$97.90 million, and the fully-diluted market cap is US$182.89 million.
The token has a maximum supply of 11 million, with a total supply of 10.95 million. Its current circulating supply is 5.88 million. It gained 99.65% in seven days and 31% in 30 days. Its highest and lowest prices were US$19.28 and US$7.20, respectively, over the past month.
The highest and lowest price of the token for the last 30 days was US$19.28 and US$7.20, respectively.
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