NEM (XEM) Trading Up 39.2% This Week

NEM (CURRENCY:XEM) traded down 6.4% against the U.S. dollar during the twenty-four hour period ending at 16:00 PM ET on March 14th. One NEM coin can currently be purchased for approximately $0.42 or 0.00005025 BTC on major cryptocurrency exchanges including Cryptomate, YoBit, AEX and Exrates. NEM has a market capitalization of $3.77 billion and approximately $179.06 million worth of NEM was traded on exchanges in the last day. Over the last seven days, NEM has traded up 39.2% against the U.S. dollar.

About NEM

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

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: YoBit, Abucoins, Bittrex, Upbit, Exrates, Cryptopia, Livecoin, Zaif, AEX, Cryptomate, OKEx, Qryptos,, HitBTC, COSS, Bitcoin Indonesia and Poloniex. 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 Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy NEM using one of the exchanges listed above.

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