NEM (XEM): Price, Charts and Market Cap

NEM NEM website
Symbol XEM
Nature Coin
Brief NEM (XEM), which stands for New Economy Movement, is a dual-layer blockchain that is written in Java and launched in 2015. The NEM mainnet supports multiple ledgers and has a NEM Smart Asset system.
Discussion https://forum.nem.io/
Last updated: Tuesday, September 29, 2020 10:00:03PM UTC
Crypto Volatility Index (CVIX): 61
Current price, USD: 0.118387
Market capitalization, USD: 1 065 482 441
Available supply: 8 999 999 999 XEM
Volume 24 hours, USD: 21 802 141
Mineable No

NEM general information

General XEM facts, technical details and general information about NEM crypto currency


NEM (XEM), which stands for New Economy Movement, is a dual-layer blockchain that is written in Java and launched in 2015. The NEM mainnet supports multiple ledgers and has a NEM Smart Asset system, where nodes on the NEM blockchain process API calls. Its native currency is XEM, is 'harvested' using its POI (Proof-of-Importance) algorithm. The 'importance' of NEM users is determined by the number of coins they have and the number of transactions associated with their wallet. NEM also has an encrypted P2P messaging system, multisignature accounts, and an Eigentrust++ reputation system.

NEMs blockchain platform was designed and coded from the ground up for scale and speed. NEM"s permissioned private blockchain delivers industry-leading transaction rates for internal ledgers. And its revolutionary consensus mechanism and the Supernode program ensure that NEM"s open, public blockchain can grow without ever compromising throughput or stability.

NEM (XEM) is a peer-to-peer crypto-exchange platform written on the basis of Javascript and Java and using a unique source code. NEM went public in early 2015, when company NemProject 2 revealed the NEM (XEM) coin with the aim to bring the security and speed of transactions to a whole new level. The developers improved the functionality of blockchain technology by supplementing it with the Proof-of-Importance algorithm.

Such kind of protocol means that a XEM user’s value is determined through how many coins he controls and the amount of transactions he makes. The creators also offered an integrated system for the exchange of encrypted data, the use of a multi-signature and the Eigentrust ++ system. This recipe has been successful so far and helped the cryptocurrency win its way into TOP 10 currency rating.

The NEM Smart Asset System allows you to totally customize how you use the NEM blockchain. First, your Namespace defines your home on the blockchain where you can name your own Mosaics, provide easy-to-remember names to user addresses, and more. Mosaics then are the basic building blocks of Smart Assets that you can use to represent lots of simple things: it could be a coin, a signature, a status update or more – you decide.

To create truly Smart Assets however, NEM allows you to create Addresses that act as containers for Mosaics that can be connected with Multisig rules. An address can simply represent a user, such as an account holder. But it can also represent an individual unique asset such as a document, or a song, or a package. You can then update that asset through configurable Transactions. See our “example use cases” below to see how Smart Assets can be used to create a wide variety of blockchain solutions, quickly and reliably.

Historical data for NEM

We list daily NEM historical data for the past 10 days

Date Open, $ Min, $ Max, $ Market cap, $
Sep 20 0.114795 0.108702 0.114795 990 609 930
Sep 21 0.112484 0.106371 0.115294 977 384 731
Sep 22 0.108011 0.104230 0.108011 965 800 522
Sep 23 0.108130 0.103666 0.110079 964 864 596
Sep 24 0.105062 0.104036 0.108299 974 692 062
Sep 25 0.108251 0.105931 0.118212 1 031 479 403
Sep 26 0.115253 0.115231 0.124866 1 095 315 697
Sep 27 0.121947 0.118384 0.124924 1 096 938 407
Sep 28 0.121691 0.119844 0.124087 1 090 465 328
Sep 29 0.119073 0.116144 0.119595 1 065 482 441

XEM/USD Exchange Rates


XEM to USD price chart — 7 days

XEM to USD price chart — 30 days

XEM to USD price chart — 60 days

XEM to USD price chart — 6 months

NEM

NEM (XEM) price change (24h)

XEM price change 24 hours -1.36%
XEM price change 7 days 10.26%

NEM (XEM) Short Term Forecast

After Price Change
1 day $0.128763 8.76%
1 week
1 month
6 months
1 year
NEM Price Prediction

NEM Comments & Reviews

XEM is at the point of boom or bust. It needs to surprise everyone with a real rush of investors or it will be eternally forgotten. XEM never had anything to offer to the blockchain community, and it still doesn’t. Until they can find some way to...

Phil0mena   April 22, 2020   XEM


XEM is among the cryptocurrencies that suffered the biggest blow during the notorious crypto winter of 2018. The near-bankruptcy situation, which led to NEM Foundation firing most of its staff, had almost run the organization into the ground. But to...

Caddy Nite   October 25, 2019   XEM


XEM not only went bankrupt, but it's so far down in value that it can't go down any further at this point. Although XEM basically doesn;t have any users on its platform or any real partnerships, it's basically a perfect buy. If you aren't buying XEM...

Lennon   March 26, 2019   XEM


It's so funny, NEM basically was bankrupt and fired all their workers and now they secure funding at the coin pump 10%? I mean this is why crypto isn't going anywhere right now. The people are too gullible thinking any of this will keep this...

Anne   March 9, 2019   XEM


It seems that NEM, a top 20 coin market cap coin, is nearly broke according to the NEM foundation. Considering there's been zero developmental updates, this news finally makes sense. I'm surprised the price hasn't done a nose dive. The foundation...

Lisa   February 25, 2019   XEM


NEM Reviews

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NEM News & Forecasts

We publish the most accurate NEM Forecasts and News including crypto industry experts' opinion on a daily basis