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NEMNEM PriceXEMUSD

NEM $0.02293458-1.51 %(24h)

XEM Price Information

24h Low & High

Low: $0.02286781
High: $0.02548599
All-Time High$ 2.09188008
ATH Date01/04/2018
All-Time Low$ 0.00007930
ATL Date09/15/2015
Price Change (1h)-0.27667647%
The price change of this cryptocurrency's current trading volume compared to the last 1h
Price Change (24h)-1.51453526%
The price change of this cryptocurrency's current trading volume compared to the last 24h
Price Change (7d)-8.84577731%
The price change of this cryptocurrency's current trading volume compared to the last 7 days
Price Change (30d)-4.71487703%

XEM Market Information

Popularity#272
Market Cap$ 206.411M
Market capitalisation is calculated by multiplying the cryptocurrency's circulating supply by the current price.
24-hr Trade Volume$ 52.297M
Total trading volume (USD) of this cryptocurrency in the last 24 hours
Circulation Supply9.00B 100.00%
The number of coins or tokens issued so far
Total Maximum Supply9.00B
Price Change (24h)-1.51453526%
The price change of this cryptocurrency's current trading volume compared to the last 24h
BTCC Futures--
BTCC Spot--

XEM Price History (USD)

Date Comparison
% Change
1 Day
-1.51453526%
7 Day
-8.84577731%
30 Day
-4.71487703%
60 Day
+4.69804971%
90 Day
+30.21485904%

About NEM (XEM)

NEM is a smart contract platform geared at high performance and enterprise solutions. Its native token is XEM. The ‘New Economic Movement’ of NEM seeks to give enterprise-level clients a more efficient means to authenticate and transport blockchain assets. To that aim, the firm acts as a missing link between private and public blockchains, integrating them in ways that increase usefulness.

With its adaptability and innovative business model, NEM continues to attract increasing attention. Users may handle assets and data more effectively using this new era blockchain. Importantly, NEM was designed from the bottom up for major organisations, and because of this intention to answer market demands, the platform has earned the moniker ‘Smart Asset Blockchain’.

 

How NEM Works

NEM is a blockchain protocol based on Java and JavaScript that claims to run entirely original code. Instead of employing standard consensus mechanisms such as proof of work (PoW) or proof of stake (PoS), the NEM network employs a reputation system called proof of importance (PoI). This system uses a time- and stake-based network incentive that establishes a minimum number of coins required to begin ‘harvesting’ new coins. The system also necessitates ongoing investment in new coins to preserve the privilege of minting new coins.

The initial block is known as the ‘nemesis’ block in NEM, and each block may process up to 120 transactions. Instead of a specialised smart contract language, NEM blockchain exposes its capabilities through an API that can interact with any programming language.

A network of ‘supernodes’ maintain the NEM blockchain, and new tokens (XEM) are ‘harvested’ rather than mined in the traditional PoW manner. XEM tokens flow around the network in the same way that other blockchain-native tokens do. Mijin, NEM’s permission network companion, is a private ledger capable of processing 4,000 transactions per second and completely integrating with the main NEM chain, which NEM believes would draw business blockchain markets to it.

 

What Is NEM Used for?

As the native token of the NEM blockchain, XEM is mainly used to pay for transactions on that blockchain. NEM users can also customise how they grant access to and use their XEM tokens, especially for harvesting purposes. These duties are completed in an open, self-scaling architecture. Using the NEM blockchain, developers can easily generate, distribute, and exchange coins and tokens.

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People Also Ask: Other Questions About NEM

1. What is the current price of XEM?

BTCC offers real-time XEM to USD prices, which can be accessed at the top of the crypto page.

2. What is the current market cap of XEM?

The current market cap of XEM is $206.411M. Market cap refers to the current consensus between buyers and sellers on the price of a currency.

3. What is the 24-hour trading volume of XEM?

The global trading volume of XEM is $52.297M in the last 24 hours.

4. What is the total circulating amount of XEM?

XEM's circulating amount is 9.00B.

5. What is XEM's ATH price?

XEM's price history indicates its ATH price is $2.09188008, which was recorded on 01/04/2018.

6. What is XEM's ATL price?

XEM's price history indicates its ATL price is $0.00007930, which was recorded on 09/15/2015.

7. What is XEM's current ranking on CoinMarketCap?

XEM is currently ranked no. 272 among tradable assets on CoinMarketCap.

8. Will XEM rise in 2026?

To predict whether XEM will rise, please visit our XEM Price Prediction page. Also visit the BTCC Academy section for technical and marketing information.

NEM to Local Currency

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