|NEM (XEM)||Buy NEM Now|
|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.|
|Change 7d||-2.15%||Market Cap||$528 617 386|
|Available supply||8 999 999 999 XEM|
|Volume 24h||$25 291 381|
|Updated||Tuesday, May 17, 2022 12:00:04AM UTC|
General XEM facts, technical details and NEM Cryptocurrency information
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.
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.
|Date||Open, $||Min, $||Max, $||Market cap, $|
|May 08||0.080605||0.077437||0.080605||700 354 643|
|May 09||0.076089||0.060766||0.076675||555 913 905|
|May 10||0.060028||0.058812||0.063845||534 601 900|
|May 11||0.060816||0.047829||0.061045||446 935 258|
|May 12||0.048991||0.040007||0.050295||368 269 541|
|May 13||0.041667||0.041667||0.059312||518 528 133|
|May 14||0.057855||0.051953||0.060920||512 988 708|
|May 15||0.056990||0.054698||0.064428||579 852 242|
|May 16||0.067275||0.057319||0.067275||528 972 234|
|May 17||0.058735||0.058735||0.058735||528 617 386|
* Crypto Rating accepts no liability for any errors in the NEM information, XEM Prices and XEM's Market Cap. For the most up-to-date prices please visit the NEM's official website.
|#||Crypto||Prediction||Accuracy||CVIX||Price||24h||7d||Market Cap||7d price change|
|1||BTC||Bitcoin predictions||66.4%||75||$29 862.92||-4.61%||-1.43%||$568 643 328 349|
|2||ETH||Ethereum predictions||60.8%||77||$2 023.66||-5.68%||-10.04%||$244 470 579 811|
|3||USDT||Tether predictions||94.8%||1||$0.998796||-0.03%||-0.12%||$75 660 930 298|
|4||USDC||USD Coin predictions||94.8%||1||$1.000660||0.04%||0.11%||$52 009 913 428|
|5||BNB||Binance Coin predictions||66.8%||71||$298.01||-4.49%||-0.72%||$48 657 409 926|
|6||XRP||XRP predictions||68.4%||70||$0.422499||-5.56%||-14.29%||$20 424 915 692|
|7||ADA||Cardano predictions||65.6%||68||$0.556880||-6.81%||-9.00%||$18 833 840 942|
|8||SOL||Solana predictions||61.2%||80||$53.68||-8.81%||-15.43%||$18 096 700 330|
|9||BUSD||Binance USD predictions||95.6%||1||$0.999564||-0.09%||-0.13%||$17 990 219 912|
|10||DOGE||Dogecoin predictions||64.8%||76||$0.087841||-5.39%||-16.20%||$11 653 943 120|
|11||DOT||Polkadot predictions||63.2%||77||$10.62||-9.93%||-1.32%||$10 492 669 466|
|12||AVAX||Avalanche predictions||64.8%||79||$32.61||-10.79%||-22.54%||$8 775 405 549|
|13||WBTC||Wrapped Bitcoin predictions||61.6%||75||$29 851.71||-4.50%||-1.83%||$8 478 001 887|
|14||TRX||TRON predictions||72.4%||61||$0.069116||-4.48%||-5.81%||$6 757 528 478|
|15||SHIB||SHIBA INU predictions||64%||78||$0.000012||-7.95%||-16.96%||$6 586 200 152|
Data from Cointelegraph Markets Pro and TradingView shows that after a month where the average 24-hour trading volume for NEM was $50 million, demand for the token surged...
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