NEM (XEM) Market Cap Hits $162.06 Million

NEM (XEM) traded down 2.3% against the U.S. dollar during the 1-day period ending at 19:00 PM Eastern on October 15th. NEM has a market capitalization of $162.06 million and $5.18 million worth of NEM was traded on exchanges in the last 24 hours. During the last seven days, NEM has traded 3.1% higher against the U.S. dollar. One NEM coin can currently be purchased for about $0.0180 or 0.00000027 BTC on popular exchanges.

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

• 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.
• 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 11.6% lower against the dollar and now trades at $0.0457 or 0.00000068 BTC.

About NEM

XEM uses the hashing algorithm. It launched on 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.”

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 acquire NEM should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX 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