NEM (CRYPTO:XEM) Price Reaches $0.40

NEM (CURRENCY:XEM) traded down 13% against the US dollar during the 24 hour period ending at 17:00 PM E.T. on February 27th. One NEM coin can currently be bought for $0.40 or 0.00004910 BTC on popular cryptocurrency exchanges including Livecoin, HitBTC, COSS and Exrates. Over the last seven days, NEM has traded up 33.9% against the US dollar. NEM has a total market capitalization of $3.58 billion and $171.00 million worth of NEM was traded on exchanges in the last 24 hours.

NEM Coin Profile

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 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 message board for NEM is NEM’s official website is

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 the following cryptocurrency exchanges: Upbit, Bitcoin Indonesia, Qryptos, Bittrex, Livecoin, Poloniex, COSS, AEX, YoBit, Cryptomate,, OKEx, Abucoins, Cryptopia, HitBTC, Exrates and Zaif. It is not possible to purchase NEM directly using U.S. dollars. Investors seeking to acquire NEM must first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase NEM using one of the aforementioned exchanges.

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