NEM (XEM) | Buy NEM Now |
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NEM (XEM), which stands for New Economy Movement, is a dual-layer blockchain that is written in Java and launched in 2015. The NEM mainnet supports multiple ledgers and has a NEM Smart Asset system. | |
CVIX | 31 |
Current price | $0.035589 |
Change 24h | 0.91% |
Change 7d | -9.54% | Market Cap | $320 297 505 |
Available supply | 8 999 999 999 XEM |
Volume 24h | $7 712 934 |
Updated | Tuesday, May 14, 2024 9:00:05AM UTC |
Nature | Coin |
Mineable | No |
Discussion | |
WWW | Website |
After | Price | Change |
1 day | $0.032420 | -8.90% |
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General XEM facts, technical details and NEM Cryptocurrency information
NEM (XEM), which stands for New Economy Movement, is a dual-layer blockchain that is written in Java and launched in 2015. The NEM mainnet supports multiple ledgers and has a NEM Smart Asset system, where nodes on the NEM blockchain process API calls. Its native currency is XEM, is 'harvested' using its POI (Proof-of-Importance) algorithm. The 'importance' of NEM users is determined by the number of coins they have and the number of transactions associated with their wallet. NEM also has an encrypted P2P messaging system, multisignature accounts, and an Eigentrust++ reputation system.
NEMs blockchain platform was designed and coded from the ground up for scale and speed. NEM"s permissioned private blockchain delivers industry-leading transaction rates for internal ledgers. And its revolutionary consensus mechanism and the Supernode program ensure that NEM"s open, public blockchain can grow without ever compromising throughput or stability.
NEM (XEM) is a peer-to-peer crypto-exchange platform written on the basis of Javascript and Java and using a unique source code. NEM went public in early 2015, when company NemProject 2 revealed the NEM (XEM) coin with the aim to bring the security and speed of transactions to a whole new level. The developers improved the functionality of blockchain technology by supplementing it with the Proof-of-Importance algorithm.
Such kind of protocol means that a XEM user’s value is determined through how many coins he controls and the amount of transactions he makes. The creators also offered an integrated system for the exchange of encrypted data, the use of a multi-signature and the Eigentrust ++ system. This recipe has been successful so far and helped the cryptocurrency win its way into TOP 10 currency rating.
The NEM Smart Asset System allows you to totally customize how you use the NEM blockchain. First, your Namespace defines your home on the blockchain where you can name your own Mosaics, provide easy-to-remember names to user addresses, and more. Mosaics then are the basic building blocks of Smart Assets that you can use to represent lots of simple things: it could be a coin, a signature, a status update or more – you decide.
To create truly Smart Assets however, NEM allows you to create Addresses that act as containers for Mosaics that can be connected with Multisig rules. An address can simply represent a user, such as an account holder. But it can also represent an individual unique asset such as a document, or a song, or a package. You can then update that asset through configurable Transactions. See our “example use cases” below to see how Smart Assets can be used to create a wide variety of blockchain solutions, quickly and reliably.
Date | Open, $ | Min, $ | Max, $ | Market cap, $ |
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May 05 | 0.038466 | 0.037880 | 0.039340 | 352 884 099 |
May 06 | 0.039316 | 0.038766 | 0.040253 | 349 949 978 |
May 07 | 0.038758 | 0.038505 | 0.039646 | 348 738 893 |
May 08 | 0.038294 | 0.037394 | 0.038329 | 336 545 226 |
May 09 | 0.037499 | 0.037001 | 0.038649 | 347 842 669 |
May 10 | 0.038530 | 0.037155 | 0.039177 | 334 393 635 |
May 11 | 0.037182 | 0.036926 | 0.038113 | 332 336 822 |
May 12 | 0.036177 | 0.035587 | 0.036304 | 320 284 709 |
May 13 | 0.035577 | 0.033872 | 0.035672 | 317 813 480 |
May 14 | 0.035549 | 0.035252 | 0.035765 | 320 297 505 |
* Crypto Rating accepts no liability for any errors in the NEM information, XEM Prices and XEM's Market Cap. For the most up-to-date prices please visit the NEM's official website.
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | BTC | Bitcoin predictions | 88% | 13 | $61 832.01 | -1.52% | -2.66% | $1 217 974 189 580 | ||
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2 | ETH | Ethereum predictions | 85.2% | 18 | $2 914.33 | -2.02% | -5.03% | $350 055 000 374 | ||
3 | USDT | Tether predictions | 91.2% | 1 | $0.999524 | -0.01% | -0.05% | $110 794 186 322 | ||
4 | BNB | Binance Coin predictions | 85.6% | 15 | $587.44 | -1.49% | -0.19% | $86 698 690 643 | ||
5 | SOL | Solana predictions | 80.8% | 28 | $146.01 | 0.79% | -5.84% | $65 506 359 867 | ||
6 | USDC | USD Coin predictions | 92% | 1 | $1.000062 | 0.01% | 0% | $33 148 030 850 | ||
7 | XRP | XRP predictions | 89.6% | 14 | $0.505992 | 0.58% | -5.71% | $28 011 305 583 | ||
8 | TON | Toncoin predictions | 68% | 59 | $7.03 | -3.88% | 20.29% | $24 433 952 325 | ||
9 | DOGE | Dogecoin predictions | 80.8% | 34 | $0.151014 | 4.47% | -3.27% | $21 788 879 520 | ||
10 | ADA | Cardano predictions | 86.8% | 19 | $0.436452 | -3.02% | -2.81% | $15 568 650 313 | ||
11 | SHIB | SHIBA INU predictions | 74.4% | 45 | $0.000024 | 0.97% | 0.83% | $14 055 056 176 | ||
12 | AVAX | Avalanche predictions | 83.6% | 33 | $33.02 | -1.73% | -10.40% | $12 604 804 528 | ||
13 | TRX | TRON predictions | 76.8% | 37 | $0.125049 | -1.57% | 5.37% | $10 938 508 008 | ||
14 | WTRX | Wrapped TRON predictions | 82% | 37 | $0.124771 | -1.42% | 3.85% | $10 914 252 183 | ||
15 | STETH | Lido stETH predictions | 93.6% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |
Data from Cointelegraph Markets Pro and TradingView shows that after a month where the average 24-hour trading volume for NEM was $50 million, demand for the token surged...
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