NEM (CRYPTO:XEM) Achieves Market Capitalization of $3.55 Billion $XEM

NEM (CURRENCY:XEM) traded up 6% against the U.S. dollar during the 1-day period ending at 7:00 AM E.T. on April 15th. NEM has a market cap of $3.55 billion and $36.46 million worth of NEM was traded on exchanges in the last day. One NEM coin can currently be bought for approximately $0.39 or 0.00004415 BTC on major cryptocurrency exchanges including Abucoins, HitBTC, Cryptopia and YoBit. Over the last seven days, NEM has traded up 20.3% against the U.S. dollar.

NEM Profile

How to Become a New Pot Stock Millionaire

NEM (CRYPTO: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 forum.nem.io. 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.

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 traded on these cryptocurrency exchanges: YoBit, Livecoin, Qryptos, Upbit, Poloniex, Exrates, Bittrex, AEX, OKEx, Zaif, COSS, Cryptopia, Bitcoin Indonesia, Abucoins, LiteBit.eu, HitBTC and Cryptomate. It is usually not currently possible to buy alternative cryptocurrencies such as NEM directly using US dollars. Investors seeking to acquire 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 aforementioned exchanges.

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