NEM (XEM) Market Cap Tops $341.40 Million

NEM (XEM) traded up 0.3% against the U.S. dollar during the one day period ending at 14:00 PM E.T. on April 27th. NEM has a total market capitalization of $341.40 million and $6.97 million worth of NEM was traded on exchanges in the last 24 hours. One NEM coin can currently be purchased for about $0.0379 or 0.00000060 BTC on major cryptocurrency exchanges. During the last seven days, NEM has traded down 5.4% against the U.S. dollar.

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

• KILT Protocol (KILT) traded 7.2% lower against the dollar and now trades at $0.30 or 0.00000474 BTC.
• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower 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 up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Lego Coin (LEGO) traded flat against the dollar and now trades at $0.0086 or 0.00000013 BTC.
• Belrium (BEL) traded flat against the dollar and now trades at $2.51 or 0.00009565 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 0.6% higher against the dollar and now trades at $0.0096 or 0.00000015 BTC.

About NEM

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 website is nem.io. NEM’s official Twitter account is @nemofficial and its Facebook page is accessible here. 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.

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

XEM/USD price chart by TradingView