NEM Trading 3.2% Higher Over Last Week (XEM)

NEM (XEM) traded 0.8% lower against the US dollar during the one day period ending at 22:00 PM E.T. on June 26th. One NEM coin can now be purchased for $0.0151 or 0.00000025 BTC on exchanges. Over the last seven days, NEM has traded up 3.2% against the US dollar. NEM has a market capitalization of $136.19 million and approximately $13.28 million worth of NEM was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed over the last day:

• KILT Protocol (KILT) traded 1.1% lower against the dollar and now trades at $0.21 or 0.00000338 BTC.
• Aidi Finance (BSC) (AIDI) traded down 2.2% 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.
• Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 1.3% higher against the dollar and now trades at $0.0113 or 0.00000018 BTC.

NEM Coin Profile

XEM 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. The Reddit community for NEM is /r/nem and the currency’s Github account can be viewed here. The official website for NEM is nem.io. NEM’s official Twitter account is @nemofficial and its Facebook page is accessible here.

According to CryptoCompare, “NEM is a blockchain platform that was launched in 2015 and aimed to improve on the imperfections of other chains at the time. It was one of the first non-turing complete chains to offer user-defined tokens, namespaces, multisignature accounts, and a P2P reputation system. It introduced the proof-of-importance consensus mechanism to reward on-chain activity and deter wealth concentration. NEM’s client, NIS, is written in Java. In 2021, NEM was hard forked by a team aiming to turn it into the world’s leading payments platform for on-chain and off-chain media content.”

Buying and Selling NEM

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

XEM/USD price chart by TradingView