NEM Price Up 1.9% Over Last 7 Days (XEM)

NEM (CURRENCY:XEM) traded 0.4% higher against the U.S. dollar during the one day period ending at 23:00 PM ET on March 16th. One NEM coin can currently be bought for about $0.22 or 0.00003228 BTC on major cryptocurrency exchanges including LiteBit.eu, Cryptopia, Livecoin and COSS. NEM has a total market capitalization of $2.02 billion and $11.58 million worth of NEM was traded on exchanges in the last day. During the last seven days, NEM has traded 1.9% higher against the U.S. dollar.

About NEM

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NEM (CRYPTO:XEM) is a proof-of-importance (PoI) coin that uses the ProofofImportance hashing algorithm. Its genesis date was March 31st, 2015. NEM’s total supply is 8,999,999,999 coins. The official message board for NEM is forum.nem.io. NEM’s official Twitter account is @NEMofficial and its Facebook page is accessible here. NEM’s official website is nem.io. The Reddit community for NEM is /r/nem and the currency’s Github account can be viewed here.

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.”

Buying and Selling NEM

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

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