NEM Price: XEM Live Price Chart, Market Cap & News Today

New Economy Movement (NEM) is an enterprise-grade solution to power the impending blockchain economy. Originally intended to be a fork of NXT, the community decided to go with a completely new codebase with an alpha version released June 25, 2014, and the first stable release March 31, 2015. The how to buy nem coin platform is currently being rewritten in C++ and will be released as the “Catapult” update sometime in early 2018. The market is not exactly bullish just yet, but it may be a good time to buy early and let NEM run its course while you stick with the best places to buy the cryptocurrency from.

How much should I invest in XEM?

If your exchange of choice doesn’t offer a direct pairing of XEM against your local currency, you can buy some ETH or BTC and then exchange them for XEM on an exchange that lists it. On some exchanges, it is possible to directly exchange your XEM coins for USD or EUR. If that’s not possible, the best way would be to trade your XEM for BTC and https://www.tokenexus.com/ cash out those coins for USD, EUR, or whichever currency available that suits your needs. NEM’s current circulating supply is 9.00B XEM out of max supply of 9.00B XEM. In terms of market cap, NEM is currently ranked #62 in the Layer 1 sector. After the XEM coins show up on your wallet you’ve successfully completed the process of buying XEM.

What is the market cap of NEM (XEM)?

The NEM project isn’t known for generating a lot of hype, but they have been quietly building their technology and working on boosting adoption. While NEM does have a presence in Europe and USA, the project is particularly popular among Asian cryptocurrency enthusiasts. Many of the project’s associations and partnerships are focused on the Asian market. XEM has a fairly large market cap and it has been able to withstand the test of time, at least for the cryptocurrency market’s standards of longevity. As such, XEM could definitely have its place in a cryptocurrency investor’s portfolio, depending on their investment strategy. POI doesn’t require expensive mining hardware, like what we see with Bitcoin and Ethereum.

Recognizing NEM Cryptocurrency

The company has had a few more turbulent years, but it has stabilized now. Even better, it seems in a position where growth is imminent, and this could be a good time to start up. Bittrex is a robust platform that offers an excellent variety of assets and numerous features to make it easy for traders to get started. Some consumers cite the overwhelming variety of available coins as a drawback, and it might be a little confusing, we agree. If you are looking to stock up on NEM (XEM), this may be a good way to do it, saving yourself the pesky additional costs of purchase.

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• The reputations of all nodes are then passed around the network and updated within each node.
• Finally, you have the option to purchase BTC at an exchange of your choice, then swap it for XEM on an exchange called Changelly.
• The ease of development, flexibility, and unique PoI system make NEM a very attractive platform for any developer or company that’s looking to build out a blockchain solution.
• This part of the system acts just like staking coins in PoS setups but is only one part of calculating your importance.
• The platform is currently being rewritten in C++ and will be released as the “Catapult” update sometime in early 2018.
• Originally intended to be a fork of NXT, the community decided to go with a completely new codebase with an alpha version released June 25, 2014, and the first stable release March 31, 2015.