NEM Trading 14.2% Lower Over Last 7 Days (XEM)

NEM (XEM) traded down 9% against the dollar during the one day period ending at 13:00 PM ET on July 5th. NEM has a market cap of $111.92 million and $6.08 million worth of NEM was traded on exchanges in the last day. One NEM coin can currently be purchased for about $0.0124 or 0.00000022 BTC on popular exchanges. Over the last seven days, NEM has traded down 14.2% against the dollar.

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

• KILT Protocol (KILT) traded 3.1% lower against the dollar and now trades at $0.18 or 0.00000322 BTC.
• 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 2.2% lower 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.
• Kitty Inu (KITTY) traded 1.9% higher against the dollar and now trades at $95.84 or 0.00338062 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.
• Lumi Credits (LUMI) traded 0.8% lower against the dollar and now trades at $0.0117 or 0.00000021 BTC.

NEM Coin Profile

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

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.”

NEM Coin Trading

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 Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase NEM using one of the aforementioned exchanges.

XEM/USD price chart by TradingView