NEM (XEM) Trading 2.8% Lower Over Last Week

NEM (XEM) traded 0.9% lower against the US dollar during the 24-hour period ending at 12:00 PM Eastern on October 30th. NEM has a total market cap of $150.68 million and approximately $3.05 million worth of NEM was traded on exchanges in the last 24 hours. Over the last seven days, NEM has traded 2.8% lower against the US dollar. One NEM coin can currently be bought for $0.0167 or 0.00000023 BTC on popular cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 0.4% higher against the dollar and now trades at $71,826.31 or 0.99968972 BTC.
• SolvBTC (SOLVBTC) traded 0.1% lower against the dollar and now trades at $71,820.26 or 0.99960544 BTC.

NEM Coin Profile

XEM uses the hashing algorithm. It launched on March 28th, 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. NEM’s official Twitter account is @nemofficial and its Facebook page is accessible here. NEM’s official website is nem.io. The official message board for NEM is discord.gg/eedjkbmvvb.

According to CryptoCompare, “NEM is a blockchain platform that was launched in 2015 and aimed to improve on the imperfections of other chains at the time. It was one of the first non-turing complete chains to offer user-defined tokens, namespaces, multisignature accounts, and a P2P reputation system. It introduced the proof-of-importance consensus mechanism to reward on-chain activity and deter wealth concentration. NEM’s client, NIS, is written in Java. In 2021, NEM was hard forked by a team aiming to turn it into the world’s leading payments platform for on-chain and off-chain media content.”

NEM Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as NEM directly using US dollars. Investors seeking to trade NEM should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy NEM using one of the exchanges listed above.

XEM/USD price chart by TradingView