NEM (XEM) Price Hits $0.52 on Top Exchanges

NEM (CURRENCY:XEM) traded down 2.3% against the dollar during the 24-hour period ending at 22:00 PM E.T. on February 19th. Over the last seven days, NEM has traded down 6.4% against the dollar. One NEM coin can currently be bought for $0.52 or 0.00004561 BTC on popular cryptocurrency exchanges including Bitcoin Indonesia, AEX, Cryptomate and Bittrex. NEM has a market cap of $4.67 billion and approximately $96.45 million worth of NEM was traded on exchanges in the last day.

About NEM

NEM (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 NEM’s official Twitter account is @NEMofficial and its Facebook page is accessible here. The official website for NEM is The Reddit community for NEM is /r/nem and the currency’s Github account can be viewed 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:, OKEx, Bitcoin Indonesia, Exrates, Bittrex, Zaif, COSS, YoBit, Livecoin, Qryptos, Poloniex, Cryptopia, AEX, HitBTC, Upbit, Abucoins and Cryptomate. It is not possible to buy NEM directly using US dollars. Investors seeking to trade NEM must first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy NEM using one of the exchanges listed above.

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