NEM Reaches 24 Hour Volume of $2.81 Million (XEM)

NEM (XEM) traded 0.1% higher against the dollar during the twenty-four hour period ending at 15:00 PM Eastern on August 29th. Over the last week, NEM has traded down 7.5% against the dollar. One NEM coin can currently be bought for $0.0185 or 0.00000031 BTC on popular cryptocurrency exchanges. NEM has a market capitalization of $166.47 million and approximately $2.81 million worth of NEM was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed over the last day:

• 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 down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 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 up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded 4% lower against the dollar and now trades at $0.0512 or 0.00000086 BTC.

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

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

XEM/USD price chart by TradingView