NEM (XEM) Price Tops $0.0197 on Major Exchanges

NEM (XEM) traded up 1.5% against the US dollar during the 1 day period ending at 9:00 AM ET on March 2nd. One NEM coin can now be purchased for $0.0197 or 0.00000023 BTC on popular cryptocurrency exchanges. NEM has a market capitalization of $176.99 million and approximately $13.98 million worth of NEM was traded on exchanges in the last 24 hours. In the last seven days, NEM has traded 11.8% lower against the US dollar.

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

• Taiko (TAIKO) traded 1.3% lower against the dollar and now trades at $0.95 or 0.00001106 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.
• 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.
• SolvBTC (SOLVBTC) traded up 1.2% against the dollar and now trades at $85,465.35 or 0.99881039 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 1.4% higher against the dollar and now trades at $85,314.13 or 0.99704311 BTC.

NEM Profile

NEM (CRYPTO: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. 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. NEM’s official website 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 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 GDAX, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase NEM using one of the exchanges listed above.

XEM/USD price chart by TradingView