NEM Trading 47.5% Higher Over Last Week (XEM)

NEM (CURRENCY:XEM) traded 1.8% lower against the U.S. dollar during the 1 day period ending at 17:00 PM Eastern on April 16th. One NEM coin can now be purchased for $0.34 or 0.00004201 BTC on popular cryptocurrency exchanges including Livecoin, Zaif, Exrates and LiteBit.eu. NEM has a market capitalization of $3.02 billion and $94.89 million worth of NEM was traded on exchanges in the last 24 hours. Over the last seven days, NEM has traded 47.5% higher against the U.S. dollar.

NEM Coin Profile

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

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