NEM (CURRENCY:XEM) traded up 5.3% against the U.S. dollar during the 24 hour period ending at 10:00 AM ET on February 19th. NEM has a total market cap of $4.08 billion and approximately $180.83 million worth of NEM was traded on exchanges in the last 24 hours. During the last week, NEM has traded 44.7% higher against the U.S. dollar. One NEM coin can now be bought for approximately $0.45 or 0.00005212 BTC on cryptocurrency exchanges including Exrates, Upbit, Abucoins and Poloniex.

About NEM

NEM is a proof-of-importance (PoI) coin that uses the ProofofImportance hashing algorithm. Its launch date was March 31st, 2015. NEM’s total supply is 8,999,999,999 coins. NEM’s official Twitter account is @NEMofficial and its Facebook page is accessible here. NEM’s official message board is 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 the following cryptocurrency exchanges: Upbit,, Cryptopia, AEX, Bittrex, Bitcoin Indonesia, Poloniex, Cryptomate, Livecoin, OKEx, Qryptos, Abucoins, HitBTC, COSS, Exrates, Zaif and YoBit. It is not possible to purchase NEM directly using US dollars. Investors seeking to trade NEM must first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase NEM using one of the aforementioned exchanges.

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