NEM Market Capitalization Hits $133.29 Million (XEM)

NEM (XEM) traded 2.9% higher against the U.S. dollar during the 24-hour period ending at 9:00 AM E.T. on July 1st. NEM has a market cap of $133.29 million and approximately $40.57 million worth of NEM was traded on exchanges in the last 24 hours. Over the last week, NEM has traded up 8.2% against the U.S. dollar. One NEM coin can currently be purchased for approximately $0.0148 or 0.00000024 BTC on exchanges.

Here’s how related cryptocurrencies have performed over the last 24 hours:

• KILT Protocol (KILT) traded up 3.1% against the dollar and now trades at $0.21 or 0.00000333 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 1.2% higher 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 up 3.1% against the dollar and now trades at $0.0118 or 0.00000019 BTC.

NEM Profile

XEM uses the hashing algorithm. Its genesis date was March 28th, 2015. NEM’s total supply is 8,999,999,999 coins. The official message board for NEM is discord.gg/eedjkbmvvb. The official website for NEM is nem.io. NEM’s official Twitter account is @nemofficial and its Facebook page is accessible here. The Reddit community for NEM is /r/nem and the currency’s Github account can be viewed 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 currently possible to buy alternative cryptocurrencies such as NEM directly using U.S. dollars. Investors seeking to trade NEM should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy NEM using one of the aforementioned exchanges.

XEM/USD price chart by TradingView