NEM (XEM) Achieves Market Cap of $146.98 Million

NEM (XEM) traded 1.9% higher against the U.S. dollar during the one day period ending at 19:00 PM ET on July 18th. One NEM coin can now be purchased for approximately $0.0163 or 0.00000026 BTC on major exchanges. NEM has a market cap of $146.98 million and approximately $60.47 million worth of NEM was traded on exchanges in the last 24 hours. During the last seven days, NEM has traded up 26.2% against the U.S. dollar.

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

• KILT Protocol (KILT) traded 1.3% lower against the dollar and now trades at $0.20 or 0.00000308 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 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 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 0.4% against the dollar and now trades at $0.0129 or 0.00000020 BTC.

NEM Coin Profile

NEM (XEM) uses the hashing algorithm. Its launch date was 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 Twitter account is @nemofficial and its Facebook page is accessible here. The official website for NEM is nem.io. NEM’s official message board is discord.gg/eedjkbmvvb.

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 US dollars. Investors seeking to trade NEM should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase NEM using one of the aforementioned exchanges.

XEM/USD price chart by TradingView