NEM (XEM) Price Tops $0.55

NEM (CURRENCY:XEM) traded up 2.3% against the US dollar during the 24 hour period ending at 9:00 AM ET on February 14th. NEM has a market cap of $4.98 billion and approximately $57.83 million worth of NEM was traded on exchanges in the last day. Over the last week, NEM has traded 4.1% lower against the US dollar. One NEM coin can now be bought for $0.55 or 0.00006024 BTC on cryptocurrency exchanges including HitBTC, LiteBit.eu, Poloniex and OKEx.

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 Reddit community for NEM is /r/nem and the currency’s Github account can be viewed here. The official message board for NEM is forum.nem.io. NEM’s official Twitter account is @NEMofficial and its Facebook page is accessible here. The official website for NEM 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.”

NEM Coin Trading

NEM can be purchased on these cryptocurrency exchanges: Cryptomate, Bittrex, Zaif, OKEx, Abucoins, Upbit, Livecoin, Bitcoin Indonesia, HitBTC, LiteBit.eu, Cryptopia, COSS, Qryptos, Poloniex, AEX, Exrates and YoBit. It is not presently 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 GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase NEM using one of the exchanges listed above.

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