NEM (XEM) Price Reaches $0.39 on Top Exchanges

NEM (CURRENCY:XEM) traded up 3.8% against the US dollar during the twenty-four hour period ending at 19:00 PM E.T. on April 19th. One NEM coin can now be bought for about $0.39 or 0.00004669 BTC on major cryptocurrency exchanges including Poloniex, LiteBit.eu, Upbit and OKEx. Over the last week, NEM has traded up 42.9% against the US dollar. NEM has a total market cap of $3.47 billion and $63.39 million worth of NEM was traded on exchanges in the last 24 hours.

About NEM

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NEM (CRYPTO:XEM) is a proof-of-importance (PoI) coin that uses the ProofofImportance hashing algorithm. It was first traded on March 31st, 2015. NEM’s total supply is 8,999,999,999 coins. The official message board for NEM is forum.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 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 traded on these cryptocurrency exchanges: Upbit, Bitcoin Indonesia, Exrates, Zaif, Cryptomate, OKEx, LiteBit.eu, Qryptos, Livecoin, Cryptopia, AEX, Abucoins, Bittrex, HitBTC, COSS, YoBit and Poloniex. It is usually not presently possible to buy alternative cryptocurrencies such as NEM directly using U.S. dollars. Investors seeking to acquire NEM should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy NEM using one of the exchanges listed above.

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