NEM (XEM) Price Up 11.2% Over Last Week

NEM (CURRENCY:XEM) traded up 1.3% against the US dollar during the twenty-four hour period ending at 8:00 AM Eastern on February 12th. In the last seven days, NEM has traded up 11.2% against the US dollar. One NEM coin can now be bought for $0.55 or 0.00006296 BTC on cryptocurrency exchanges including Exrates, COSS, Zaif and OKEx. NEM has a total market capitalization of $4.96 billion and approximately $23.14 million worth of NEM was traded on exchanges in the last day.

About NEM

NEM (XEM) is a proof-of-importance (PoI) coin that uses the ProofofImportance hashing algorithm. It launched on March 31st, 2015. NEM’s total supply is 8,999,999,999 coins. The official message board for NEM 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 website is nem.io. NEM’s official Twitter account is @NEMofficial and its Facebook page is accessible 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 these cryptocurrency exchanges: Cryptopia, Bittrex, HitBTC, Cryptomate, COSS, YoBit, Bitcoin Indonesia, Abucoins, Poloniex, Qryptos, AEX, Upbit, Exrates, Livecoin, OKEx, LiteBit.eu and Zaif. It is not presently possible to buy NEM directly using US dollars. Investors seeking to acquire NEM must first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy NEM using one of the aforementioned exchanges.

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