NEM (XEM) Hits 24 Hour Volume of $47.85 Million

NEM (XEM) traded 8.4% lower against the U.S. dollar during the 24-hour period ending at 23:00 PM Eastern on July 31st. NEM has a total market capitalization of $200.41 million and approximately $47.85 million worth of NEM was traded on exchanges in the last 24 hours. In the last seven days, NEM has traded up 31% against the U.S. dollar. One NEM coin can now be purchased for approximately $0.0223 or 0.00000035 BTC on exchanges.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• KILT Protocol (KILT) traded down 3.7% against the dollar and now trades at $0.17 or 0.00000272 BTC.
• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded down 1.6% against the dollar and now trades at $0.0127 or 0.00000020 BTC.

About NEM

NEM (CRYPTO:XEM) uses the hashing algorithm. It was first traded on March 28th, 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 discord.gg/eedjkbmvvb. NEM’s official website is nem.io. The Reddit community for NEM is /r/nem and the currency’s Github account can be viewed here.

According to CryptoCompare, “NEM is a blockchain platform that was launched in 2015 and aimed to improve on the imperfections of other chains at the time. It was one of the first non-turing complete chains to offer user-defined tokens, namespaces, multisignature accounts, and a P2P reputation system. It introduced the proof-of-importance consensus mechanism to reward on-chain activity and deter wealth concentration. NEM’s client, NIS, is written in Java. In 2021, NEM was hard forked by a team aiming to turn it into the world’s leading payments platform for on-chain and off-chain media content.”

NEM Coin Trading

It is usually not presently possible to buy alternative cryptocurrencies such as NEM directly using U.S. dollars. Investors seeking to trade NEM should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy NEM using one of the aforementioned exchanges.

XEM/USD price chart by TradingView