NEM (XEM) Price Hits $0.0223 on Major Exchanges

NEM (XEM) traded down 8.4% against the dollar during the 24-hour period ending at 23:00 PM E.T. on July 31st. One NEM coin can currently be bought for approximately $0.0223 or 0.00000035 BTC on popular cryptocurrency exchanges. During the last seven days, NEM has traded up 31% against the dollar. NEM has a total market cap of $200.41 million and $47.85 million worth of NEM was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed during the last 24 hours:

• KILT Protocol (KILT) traded 3.7% lower against the dollar and now trades at $0.17 or 0.00000272 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 down 2.2% 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 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 1.6% lower against the dollar and now trades at $0.0127 or 0.00000020 BTC.

NEM Coin Profile

NEM (CRYPTO:XEM) uses the hashing algorithm. It was first traded on March 28th, 2015. NEM’s total supply is 8,999,999,999 coins. NEM’s official message board 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 acquire NEM should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Changelly 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