NEM Trading Up 2.4% Over Last Week (XEM)

NEM (CURRENCY:XEM) traded 5.8% higher against the dollar during the 1-day period ending at 12:00 PM Eastern on April 7th. Over the last seven days, NEM has traded 2.4% higher against the dollar. NEM has a market cap of $2.05 billion and $13.36 million worth of NEM was traded on exchanges in the last day. One NEM coin can currently be bought for about $0.23 or 0.00003239 BTC on popular exchanges including LiteBit.eu, AEX, HitBTC and YoBit.

About NEM

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NEM is a proof-of-importance (PoI) coin that uses the ProofofImportance hashing algorithm. It was first traded on March 31st, 2015. NEM’s total supply is 8,999,999,999 coins. 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. The official website for NEM is nem.io. NEM’s official message board is forum.nem.io.

According to CryptoCompare, “NEM is a peer-to-peer crypto platform. It is written in Java and JavaScript with 100% original source code. NEM has a stated goal of a wide distribution model and has introduced new features in blockchain technology in its proof-of-importance (POI) algorithm. NEM also features an integrated P2P secure and encrypted messaging system, multisignature accounts and an Eigentrust++ reputation system.NEM has gone through extensive open alpha testing starting June 25, 2014, followed by lengthy and comprehensive beta testing starting on October 20, 2014. NEM finally launched on May 31, 2015.”

NEM Coin Trading

NEM can be purchased on the following cryptocurrency exchanges: Cryptomate, Exrates, Bittrex, HitBTC, Livecoin, Bitcoin Indonesia, OKEx, COSS, Qryptos, AEX, YoBit, LiteBit.eu, Upbit, Abucoins, Cryptopia, Poloniex and Zaif. It is not presently possible to purchase NEM directly using US dollars. Investors seeking to trade NEM must first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase NEM using one of the exchanges listed above.

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