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NEM

NEM priceXEM

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Quote currency:
USD
XEM
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USD
1 XEM = 0.03793 USD
Last updated 2024-04-25 13:20:55(UTC-0)

NEM price live data summary

The live price of NEM is $0.03793 per (XEM / USD) today with a current market cap of $341.40M USD. The 24-hour trading volume is $10.26M USD. XEM to USD price is updated in real time. NEM is -11.63% in the last 24 hours. It has a circulating supply of 9,000,000,000 .

What is the highest price of XEM?

XEM has an all-time high (ATH) of $2.09, recorded on 2018-01-04.

What is the lowest price of XEM?

XEM has an all-time low (ATL) of $0.{4}7930, recorded on 2015-09-15.

NEM price prediction

Set your prediction

When is a good time to buy XEM? Should I buy or sell now?

When deciding whether to buy or sell XEM, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget XEM technical analysis can provide you with a reference for trading.
According to the XEM 4h technical analysis, the trading signal is Strong sell.
According to the XEM 1d technical analysis, the trading signal is Strong sell.
According to the XEM 1w technical analysis, the trading signal is Sell.
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NEM price performance in USD

24h7d30d90d1yAll-time
-11.63%+8.12%-29.01%-7.66%-1.12%+15567.10%

NEM price history in USD

TimeLowHigh
24h$0.03788$0.04258
7d$0.03319$0.04191
30d$0.03141$0.05481
90d$0.03141$0.06224
1y$0.02175$0.06224
All-time$0.{4}7930(2015-09-15, 8 years ago )$2.09(2018-01-04, 6 years ago )

NEM market information

Market cap
$341,395,435.33
-11.63%
Fully diluted market cap
$341,395,435.33
-11.63%
Volume (24h)
$10,255,766.24
+7.87%
Market rankings
Circulation rate
+99.00%
24h volume / market cap
0.03
Circulating supply
9,000,000,000 XEM
Total supply / Max supply
9B XEM
-- XEM
ICO price
$0.{4}1100 ICO details

NEM ratings

Average ratings from the community
4.4
100 ratings
This content is for informational purposes only.

NEM Social Data

In the last 24 hours, the social media sentiment score for NEM was 4, and the social media sentiment towards NEM price trend was Bullish. The overall NEM social media score was 47, which ranks 453 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,318,607 times, with NEM being mentioned with a frequency ratio of 0.01%, ranking 381 among all cryptocurrencies.

In the last 24 hours, there were a total of 132 unique users discussing NEM, with a total of NEM mentions of 90. However, compared to the previous 24-hour period, the number of unique users decrease by 18%, and the total number of mentions has decrease by 16%.

On Twitter, there were a total of 1 tweets mentioning NEM in the last 24 hours. Among them, 100% are bullish on NEM, 0% are bearish on NEM, and 0% are neutral on NEM.

On Reddit, there were 4 posts mentioning NEM in the last 24 hours. Compared to the previous 24-hour period, the number of mentions increase by 100% . Additionally, there were 0 comments mentioning NEM. Compared to the previous 24-hour period, the number of mentions decrease by 0%.

Visão geral das redes sociais

Average sentiment(24h)
4
Social score(24h)
47(#453)
Social contributors(24h)
132
-18%
Social mentions(24h)
90(#381)
-16%
Social dominance(24h)
0.01%
Twitter
Tweets(24h)
1
0%
Twitter sentiment(24h)
Bullish
100%
Neutral
0%
Bearish
0%
Reddit
Reddit score(24h)
3
Reddit posts(24h)
4
+100%
Reddit comments(24h)
0
0%

About NEM(XEM)

What is NEM?

Established with the vision to enhance the interoperability and scalability of blockchain networks, NEM (New Economy Movement) has carved a niche for itself as the "Smart Asset Blockchain". Created in 2015 as a fork of another blockchain called NXT, NEM aims to bridge the gap between private and public blockchains, thereby fostering a seamless flow of digital assets and data.

NEM operates as a programmable blockchain network, akin to Ethereum, but distinguishes itself with its unique Proof of Importance (PoI) consensus mechanism. This Java-based, API-integrated platform facilitates the creation and management of smart assets, allowing users to model real-world assets on the blockchain. Its versatility and user-friendly interface have garnered attention, especially from enterprise-level clientele, seeking to revolutionize asset management and data sharing through blockchain technology.

Resources

Whitepaper: https://nemproject.github.io/nem-docs/pages/Whitepapers/NEM_techRef.pdf

Official website: http://nem.io/

How Does NEM Work?

At the core of NEM's functionality is its innovative Proof of Importance (PoI) consensus algorithm, a departure from the conventional proof-of-work and proof-of-stake systems prevalent in the blockchain sphere. The PoI system rewards users based on their network activity and the amount of XEM tokens they hold, fostering a more engaged and growth-oriented community. This consensus mechanism takes into account the time and amount vested in the NEM network, encouraging authentic transactions and network growth.

To further enhance efficiency and security, NEM introduced the concept of Harvesting, where users, with a minimum of 10,000 vested XEM, can generate new blocks and receive rewards. This process is facilitated through supernodes, which form the backbone of the NEM ecosystem, allowing for a more energy-efficient and democratized blockchain network. Moreover, NEM's blockchain integrates the Eigentrust++ algorithm to maintain the PoI reputational architecture, ensuring only quality contributing nodes are part of the consensus system.

What is XEM Token?

XEM is the native utility token of the NEM blockchain. Users can vest XEM tokens to gain voting rights and block approval rights, enhancing their role in the network's growth and governance. Apart from facilitating lightning-fast transactions, XEM tokens are instrumental in creating customizable crypto tokens that can be used for various applications, including voting rights or as a store of value.

The XEM token has a maximum and circulating supply of 8,999,999,999 units, playing a pivotal role in transaction validations through the Proof of Importance system. The harvester's importance score, which is crucial in the validation process, is determined based on their vested stake, net transfers, and cluster nodes, promoting a more engaged and authentic network transaction environment.

NEM's Impact on Finance

NEM has emerged as a disruptive force in the financial sector, offering a more efficient and secure alternative to traditional asset management and data sharing systems. Its focus on fostering interoperability between private blockchain networks has positioned it as a vital player in the mainstream adoption of blockchain technology. Moreover, its partnerships with companies like Unibright and Good Crypto signify its growing influence in the blockchain ecosystem.

However, NEM has faced challenges, including issues of mismanagement and a decline in web presence. The launch of Symbol, a new blockchain project, has raised questions about NEM's future trajectory. Despite these hurdles, NEM continues to showcase resilience, with signs of ongoing activity and community engagement, hinting at a potential resurgence in the evolving blockchain landscape.

What Determines NEM's Price?

In the ever-fluctuating world of cryptocurrencies, the NEM price today is influenced by a myriad of factors that potential investors keenly observe on the NEM (XEM) price chart. A critical aspect that shapes the current NEM (XEM) price is the market sentiment, often swayed by NEM crypto news and developments within the blockchain technology sphere. Investors and market analysts frequently turn to XEM price analysis to gauge the potential trajectory, relying on historical data encapsulated in the NEM (XEM) price history to make informed predictions. Furthermore, the NEM (XEM) market cap plays a pivotal role in determining the XEM token value, with a higher market cap often indicating a more stable price outlook.

As enthusiasts keep a close eye on NEM price live updates, several ponder over how much is NEM worth today. The answer to this question is multifaceted, encompassing aspects such as the broader market trends, developments in blockchain technology, and the overall sentiment in the cryptocurrency market. The NEM price forecast is also significantly influenced by its utility and adoption rate, with a surge in usage potentially leading to a price rise. Conversely, any negative news or developments can lead to a NEM price drop, reflecting the volatile nature of digital currencies.

Looking ahead, the NEM token future prediction is a topic of vibrant discussion in the crypto community. Many base their XEM price prediction on factors such as technological advancements within the NEM ecosystem, partnerships, and collaborations that can potentially bolster the NEM digital currency price. Investors keen on the XEM to USD price often turn to expert analyses and market trends to navigate the turbulent waters of cryptocurrency investments. As the NEM cryptocurrency price continues to evolve, keeping abreast with the latest NEM (XEM) price update becomes vital for making informed investment decisions, fostering a proactive approach to capitalizing on potential price rise opportunities in the future.

Conclusion

In conclusion, NEM stands as a notable figure in the blockchain network arena, leveraging its unique Proof of Importance consensus mechanism to foster a more engaged and growth-oriented community. Despite facing challenges, including managerial issues and a fluctuating web presence, NEM continues to showcase a remarkable resilience, hinting at a promising resurgence in the dynamic blockchain landscape. Its potential in revolutionizing asset management and facilitating a seamless interoperability between private and public blockchains cannot be understated. As investors closely monitor the NEM price and the factors influencing it, such as market sentiment and technological advancements, NEM positions itself as a disruptive force in the financial sector, encouraging authentic transactions and network growth through its innovative features and community-centric approach.

How to buy NEM (XEM)

Buying NEM on Bitget is fast and simple.
You just have to create an account, complete identity verification, deposit funds, and your trading journey is all set!
For more information, refer to How to buy NEM (XEM) .

Trade XEM perpetual futures

After having successfully signed up on Bitget and purchased USDT or XEM tokens, you can start trading derivatives, including XEM futures and margin trading to increase your income.

The current price of XEM is $0.03793, with a 24h price change of -11.63%. Traders can profit by either going long or short onXEM futures.

Join XEM copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or XEM tokens, you can also start copy trading by following elite traders.

NEM news

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Black Rock's ETF proposal now includes cash redemptions, a concession to the SEC that may improve the fund's approval odds.

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Bitcoin Is Coming to Sushi as DeFi Platform Expands to ZetaChain

The move allows users to access the liquidity of bitcoin on decentralized finance (DeFi) without going through intermediaries like wrappers.

Coindesk2023/11/16 08:00#Business#Sushi#SushiSwap
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Elon Musk’s Twitter Overhaul Could Be Huge for DOGE and Crypto Generally

“Elon clearly has an affinity for DOGE, almost as part of a running joke, but I wouldn’t be surprised if he actually went through with enabling payments via DOGE.”

Coindesk2023/07/25 12:47#Business#Twitter#DOGE
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Bitcoin Inscriptions Not a Fading Trend | Crypto Daily Digest Sep. 8

While Bitcoin NFT sales have declined, Ordinals inscriptions continue rising.

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Friend.tech Gaining Momentum | Crypto Daily Digest Aug. 22

The latest update you need to know about Friend.tech

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People are also inquiring about the price of NEM.

What is the current price of NEM?

We update our NEM to USD price in real time. Get the live Price of NEM on Bitget.

What is the 24 hour trading volume of NEM?

Over the last 24 hours, the trading volume of NEM is $10.26M.

What is the all-time high of NEM?

The all-time high of NEM is $2.09. This all-time high is highest price for NEM since it was launched.

Can I buy NEM on Bitget?

Yes, NEM is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy NEM guide.

Can I get a steady income from investing in NEM?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy NEM with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

What is the use case of NEM?

NEM (New Economy Movement) is an enterprise-grade, open-source blockchain designed to facilitate the fintech revolution. It provides smart contract functionality and serves as a platform for businesses seeking to adopt decentralized applications (dApps). NEM allows users to create customizable tokens called mosaics, which can serve various purposes such as stores of value, mediums of transfer, governance tokens, and more. This blockchain originated from a hard fork of NXT in 2015 and supports smart contracts and dApps. The NEM ecosystem's native cryptocurrency is XEM, which is used for transaction fees and governance on the platform.

Is NEM a good investment?

NEM is a promising investment option for diversifying your cryptocurrency portfolio, especially if you seek projects with real-world applications. This enterprise-grade blockchain is poised for growth as Web3 adoption becomes more widespread. With increasing demand for decentralized applications by organizations, the NEM price and market capitalization may see an upward trend. Higher on-chain activity, driven by developers creating projects on the NEM blockchain, could further boost XEM price statistics. Additionally, a bullish market sentiment may increase investor confidence, leading to potential gains in XEM's value.

What is price prediction for NEM?

Predicting the precise future price of NEM (XEM) is a complex task. However, historical trends suggest that several factors may influence XEM's price: - Adoption of NEM Blockchain: Increased development and usage of decentralized applications (dApps) within the NEM ecosystem can boost on-chain activity, potentially raising the price of XEM. Conversely, strong competition from more efficient blockchains may lead to price declines. - Innovation within the NEM Ecosystem: Ongoing development and improvements by the NEM development team can enhance the appeal of the network, increasing the value of XEM. Upgrades that enhance speed, cost-effectiveness, and functionality could drive XEM's price upward. - Market Sentiment: Cryptocurrency prices are heavily influenced by market sentiment. Bullish sentiment, often associated with rising major cryptocurrencies like Bitcoin and Ethereum, can encourage investors to invest in XEM, driving its price higher. Conversely, bearish sentiment or a risk-averse market may result in price weakness for XEM.

How do I mine or harvest NEM (XEM)?

Harvesting XEM is a way to earn cryptocurrency by participating in the NEM blockchain's POI consensus mechanism. To get started: - Create a XEM account and download the NEM NanoWallet, ensuring you have a minimum of 10,000 XEM coins in your vested balance. - Activate delegated account by navigating to Services, selecting Manage delegated account, and clicking Activate/Deactivate delegated account. - Once your Remote Status shows Active, you can start Delegated Harvesting. - Click Start delegated harvesting, choose a node, enter your wallet password, and if slots are available, your transaction will succeed. - Sit back and earn XEM for contributing to the blockchain's consensus.

What is the PoI algorithm?

The Proof of Importance (PoI) algorithm in NEM allows users with a minimum of 10,000 XEM vested in the system to generate new blocks in the blockchain and earn rewards, including a share of transaction fees. PoI also enables users to make transactions with other networks while receiving rewards. Your PoI score is determined by evaluating your total transaction amount, and a higher score leads to better rewards. To boost your PoI score, you simply need to engage in more transactions with others.

What is the history of NEM?

NEM, originating in 2015 as a forked version of NXT, quickly evolved with its own codebase and improvements. It became more scalable and faster than its predecessor. In 2016, the NEM Foundation was established to promote NEM's adoption through collaborations, growth, and marketing efforts. NEM's native token, XEM, serves various purposes beyond being a currency, including voting and approval powers, rapid transactions, and facilitating smart contracts.
Cryptocurrency investments, including buying NEM online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy NEM, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your NEM purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

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