NEM (XEM) Trading Down 10.5% Over Last Week

NEM (XEM) traded up 0.5% against the US dollar during the 1-day period ending at 21:00 PM E.T. on October 26th. One NEM coin can currently be bought for about $0.0161 or 0.00000024 BTC on popular exchanges. In the last seven days, NEM has traded 10.5% lower against the US dollar. NEM has a total market cap of $145.25 million and approximately $3.37 million worth of NEM was traded on exchanges in the last 24 hours.

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

• 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 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded 0% lower against the dollar and now trades at $0.0944 or 0.00000141 BTC.

NEM Coin Profile

XEM uses the hashing algorithm. Its genesis 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. The official message board for NEM is discord.gg/eedjkbmvvb. 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.”

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 Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly or GDAX. 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