NEM (XEM) Market Cap Achieves $4.30 Billion

NEM (CURRENCY:XEM) traded up 7.2% against the US dollar during the 1 day period ending at 7:00 AM ET on March 14th. NEM has a total market cap of $4.30 billion and $182.06 million worth of NEM was traded on exchanges in the last day. In the last seven days, NEM has traded up 47.5% against the US dollar. One NEM coin can now be bought for approximately $0.48 or 0.00005455 BTC on popular exchanges including Poloniex, Cryptopia, and Bitcoin Indonesia.

NEM Coin Profile

NEM (CURRENCY:XEM) is a proof-of-importance (PoI) coin that uses the ProofofImportance hashing algorithm. Its launch date was March 31st, 2015. NEM’s total supply is 8,999,999,999 coins. The official message board for NEM is 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. The official website for NEM is

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: Bitcoin Indonesia, Abucoins, Livecoin, COSS, YoBit, Bittrex, Poloniex, Upbit, HitBTC, Exrates, Cryptomate,, Cryptopia, OKEx, Qryptos, Zaif and AEX. 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 Coinbase, 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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