NEM (XEM) Market Capitalization Achieves $216.20 Million

NEM (XEM) traded 8.5% lower against the dollar during the twenty-four hour period ending at 9:00 AM E.T. on January 13th. One NEM coin can currently be bought for about $0.0240 or 0.00000027 BTC on exchanges. In the last seven days, NEM has traded down 15.6% against the dollar. NEM has a market capitalization of $216.20 million and approximately $23.47 million worth of NEM was traded on exchanges in the last day.

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

• 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 down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded 4.7% lower against the dollar and now trades at $90,140.46 or 0.99819900 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 4% lower against the dollar and now trades at $89,936.33 or 0.99593849 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.

NEM Profile

NEM uses the hashing algorithm. It was first traded on March 28th, 2015. NEM’s total supply is 8,999,999,999 coins. The official message board for NEM is discord.gg/eedjkbmvvb. NEM’s official Twitter account is @nemofficial and its Facebook page is accessible here. The official website for NEM is nem.io. The Reddit community for NEM is /r/nem and the currency’s Github account can be viewed here.

According to CryptoCompare, “NEM is a peer-to-peer crypto platform. It is written in Java and JavaScript with 100% original source code. NEM has a stated goal of a wide distribution model and has introduced new features in blockchain technology in its proof-of-importance (POI) algorithm. NEM also features an integrated P2P secure and encrypted messaging system, multisignature accounts and an Eigentrust++ reputation system.NEM has gone through extensive open alpha testing starting June 25, 2014, followed by lengthy and comprehensive beta testing starting on October 20, 2014. NEM finally launched on May 31, 2015.Proof-of-importance (PoI) is a consensus mechanism developed by NEM that is used to determine which network participants (nodes) are eligible to add a block to the blockchain, a process NEM calls ‘harvesting’.LinkedIn”

Buying and Selling NEM

It is usually not currently possible to purchase alternative cryptocurrencies such as NEM directly using US dollars. Investors seeking to trade NEM should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase NEM using one of the exchanges listed above.

XEM/USD price chart by TradingView