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Highlights
- The Numeraire token's trading volume was up over 931% in the last 24 hours to Thursday morning.
- The NMR token returned gains of over 10% in the past 12 months.
- It logged an all-time high of US$168.49 in June 2017.
The Numeraire (NMR) crypto was up over 40%, while its trading volume soared over 931% in the last 24 hours to Thursday morning.
What is Numeraire (NMR)?
It is an Ethereum-based platform, which allows developers and data scientists to experiment and create machine learning models with improved dependability.
It aims to bring decentralized models in the data science field.
Also Read: Top five cloud computing stocks to explore in 2022
Numeraire CEO Richard Craib founded the San Francisco-based company in 2015.
It claims to be the first hedge fund to launch a crypto token on the market. The NMR is an ERC-20 token. Numeraire is different from the traditional hedge funds and relies on data and predictions created by tournament participants to trade in the stock market. In addition, it also claims to be the first hedge fund to use machine learning in investment strategy.
Its total supply is 11 million, and the circulating supply is 5.88 million. It is available on exchanges like Coinbase Pro, Binance, Bilaxy, etc.
Also Read: Why DIA (DIA) token climbed over 53% today?
Source: *Data provided by CoinMarketCap.com
Also Read: BitTorrent surges 9% as exchanges start accepting BTT token migration
NMR token’s price, performance
The token was priced at US$29.85 at 8:31 am ET on January 27, up 40.63%. Its trading volume was US$128.16 million in the last 24 hours to Thursday morning, an increase of 931.67%.
It has a market cap of US$175.76 million, and its fully diluted market cap is US$328.34 million. It returned gains of 10.93% over the past 12 months.
Its highest price was US$96.14, and the lowest price was US$19.06 in the last 52 weeks. It climbed to an all-time high of US$168.49 on June 25, 2017.
Also Read: Osmosis (OSMO) among top 10 chains by TVL - Know more
Bottomline
The global cryptocurrency market has more than 17,170 cryptos and over 450 exchanges, according to CoinMarketCap. The market is currently valued at US$1.67 trillion.
Experts believe the market would slow down in the first quarter due to uncertainties over Omicron and economic recovery.
