NEM Price Down 19.6% Over Last Week (XEM)

NEM (CURRENCY:XEM) traded 2.8% lower against the dollar during the 24 hour period ending at 7:00 AM E.T. on January 21st. NEM has a market cap of $10.03 billion and approximately $121.13 million worth of NEM was traded on exchanges in the last 24 hours. One NEM coin can now be bought for about $1.11 or 0.00009161 BTC on major cryptocurrency exchanges including Bittrex, Abucoins, YoBit and Livecoin. In the last week, NEM has traded down 19.6% against the dollar.

NEM Profile

NEM (XEM) 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 message board is forum.nem.io. 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 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 bought or sold on these cryptocurrency exchanges: Exrates, Qryptos, Upbit, COSS, Cryptopia, YoBit, AEX, Poloniex, HitBTC, Cryptomate, LiteBit.eu, Zaif, Bitcoin Indonesia, Abucoins, Livecoin, Bittrex and OKEx. It is not possible to purchase NEM directly using U.S. dollars. Investors seeking to acquire NEM must first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase NEM using one of the exchanges listed above.

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