About NEM
XEM is a cryptocurrency that powers the New Economy Movement blockchain. To verify transactions, NEM uses a unique consensus algorithm called Proof of Importance.
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Market Stats
Market Cap
$172,954,375.17
FDV
$172,954,375.17
Circulating Supply
8,999,999,999 XEM
Max Supply
8,999,999,999 XEM
Total Supply
8,999,999,999 XEM
Hold Time
No data
Performance
Popularity
No data
Dominance
0.01%
Volume (24H)
$35,932,776.82
0.01%
All time high
$2.09
Additional info about NEM
Networks and details
The price of NEM has increased by 0.00% in the last hour and increased by 0.69% in the past 24 hours. NEM’s price has also fallen by 0.78% in the past week. The current price is $0.0192 per XEM with a 24-hour trading volume of $35.93M. Currently, NEM is valued at 99.08% below its all time high of $2.09. This all-time high was the highest price paid for NEM since its launch.
The current circulating supply of NEM is 8,999,999,999 XEM which means that NEM has as total market cap of $172,954,375.17.
Price history
Today | $0.0192 | ↗ 0.69% |
1 Day | $0.0191 | ↗ 0.69% |
1 Week | $0.0194 | ↘ 0.78% |
1 Month | $0.0225 | ↘ 14.57% |
1 Year | $0.0610 | ↘ 68.50% |
Market details
Performance against other markets | ↘ 68.51% |
Performance against BTC | ↘ 73.29% |
Performance against ETH | ↘ 37.68% |
Performance in the past year | ↘ 68.5% |
FAQ
NEM, or New Economy Movement, is a blockchain platform that was introduced in March 2015. It was one of the early pioneers in the cryptocurrency industry, striving to address and improve upon the imperfections found in other blockchain systems of the time. NEM introduced several innovative features such as user-defined tokens (known as mosaics), namespaces, multisignature accounts, and a peer-to-peer reputation system based on EigenTrust++. Perhaps its most notable contribution to the blockchain space is the proof-of-importance consensus mechanism, which strives to reward on-chain activity and discourage the concentration of wealth often associated with proof-of-stake systems.
NEM operates using a unique consensus mechanism known as proof-of-importance. This system strives to reward users based on their overall support and activity within the network, rather than just their stake or computing power. This approach is designed to encourage active participation and discourage wealth concentration. NEM also features user-defined tokens called mosaics, which can represent any asset or commodity. Additionally, it includes multisignature accounts for enhanced security and a peer-to-peer reputation system based on EigenTrust++. NEM's client, NIS, is written in Java, making it accessible to a wide range of developers.
NEM strives to serve as an alternative form of payment for businesses and vendors, aiming to provide a more efficient and secure method of transaction. It also supports the creation of applications, with several such applications already built on its platform in Japan. Furthermore, NEM's user-defined tokens, or mosaics, can represent any asset or commodity, opening up a wide range of potential use cases. From representing real-world assets like real estate or stocks, to digital assets and services, the possibilities with NEM are vast.
We update our NEM to USD currency in real-time. Get the live price of NEM on Coinbase.
The current market cap of NEM is $172.95M. A high market cap implies that the asset is highly valued by the market.
The all-time high of NEM is $2.09. This all-time high is highest price paid for NEM since it was launched.
Over the last 24 hours, the trading volume of NEM is $35.93M.
Assets that have a similar market cap to NEM include Peanut the Squirrel, Fasttoken, Popcat (SOL), and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of NEM is 9 billion.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Social stats
Popularity in posts
#888
Contributors
169
Posts
607,635
% About NEM
0.039%
Hold times
0 days
X (Twitter)
35.64% bullish
Sentiment
4 ★
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Highlights
169 unique individuals are talking about NEM and it is ranked #888 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, NEM has an average sentiment score of 4 out of 5. Finally, NEM is becoming more newsworthy, with 0 news articles published about NEM. This is a 0% increase in news volume compared to yesterday.
On Twitter, people are mostly neutral about NEM. There were 35.64% of tweets with bullish sentiment compared to 4.95% of tweets with a bearish sentiment about NEM. 59.41% of tweets were neutral about NEM. These sentiments are based on 202 tweets.
On Reddit, NEM was mentioned in 25 Reddit posts and there were 68 comments about NEM. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.