NEM (XEM) Market Capitalization Tops $147.11 Million

NEM (XEM) traded 7.6% lower against the dollar during the 24-hour period ending at 16:00 PM E.T. on June 16th. NEM has a total market capitalization of $147.11 million and approximately $15.72 million worth of NEM was traded on exchanges in the last 24 hours. One NEM coin can now be bought for about $0.0163 or 0.00000025 BTC on popular exchanges. In the last week, NEM has traded down 23.5% against the dollar.

Here is how similar cryptocurrencies have performed in the last 24 hours:

• KILT Protocol (KILT) traded down 0.8% against the dollar and now trades at $0.22 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 down 2.2% 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 0.5% higher against the dollar and now trades at $0.0104 or 0.00000016 BTC.

NEM Coin Profile

XEM uses the hashing algorithm. Its launch date was March 28th, 2015. NEM’s total supply is 8,999,999,999 coins. NEM’s official message board is discord.gg/eedjkbmvvb. NEM’s official website 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.”

NEM Coin Trading

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

XEM/USD price chart by TradingView