NEM Price for today is $0.039388315. Its current circulating supply is XEM 8,999,999,999 with a market cap of $354,494,835.
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Currently, NEM (XEM) is trading at $0.0394 with XEM price 6.55% down today. The market cap of NEM is USD 354,494,835 with 8,999,999,999 xem circulating currently. The 24-hour price movement chart indicates that $39,600,817 worth of XEM were trading. The price peaked to $0.0439 in the last 24 hours while the lowest price was $0.0382.
The trend showing a steady change in price from 1.90 USD from January 2018 to the current XEM price. There is a possible increase that can be predicted in XEM coin value, which is expected to increase to at least $0.448 by the end of this year, which is an expected increase of a good
1037.393158%. NEM price prediction suggest that the NEM price is up for a long-term 3053.219426% in the XEM price value with a 5-year investment. This means that in the year 2023, the NEM price is forecasted to stand at $1.242 . You can keep track of NEM’s progress by adding it to your wallet portfolio.
The XEM price prediction is done on the basis of the fact that XEM has signed a lot of valuable partnerships in Australia and New Zealand after a positive mention by NASDAQ. NEM XEM also allows multiple ledgers to exist on a single blockchain, helping the users to create mosaics which represent unique assets, such as currencies using NEM Smart Assets. Another feature that adds to the XEM value is the Mijin blockchain, which runs on NEM software, as it claims to bring down the institutional costs of banking by 90% while making the systems more secure.
NEM has a successful partnership with Zaif, one of the largest cryptocurrency exchanges in Japan, which has helped them to create a completely new blockchain rather than forking from NXT cryptocurrency. CoinSwitch allows the checking and comparing of XEM rate with other cryptocurrencies for the efficient trading of NEM XEM in the most secure and simplest way possible.
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NEM (XEM) coin is a cryptocurrency that is trying to achieve a wide distribution model using its Proof of Importance (POI) algorithm for consensus, multi-signatory accounts and encrypted messaging. XEM cryptocoin has gained a lot of popularity as the software is the basis of a commercial blockchain called Mijin, which is being used by a wide variety of Japanese financial organisations experimenting for their financial operations.
CoinSwitch is a cryptocurrency exchange which aggregates over 300 different kinds of cryptocurrencies and alt-coins, including major coins like Bitcoin, Ethereum, Litecoin and Monero. CoinSwitch facilitates the efficient trading of XEM cryptocurrency by allowing the users to buy XEM coin, sell XEM coin and also to exchange XEM coin with fiat currencies and other cryptocurrencies in the most seamless manner. CoinSwitch has a cryptocurrency converter which can be used to buy XEM coin after comparing it with fiat currencies, like USD, EUR, GBP etc. or other cryptocurrencies like BTC, NEO etc.
CoinSwitch simplifies the process of buying this coin by making transactions between the sender and the receiver very simple and intuitive with its user-friendly UI which deposits the XEM coins into the beneficiary’s XEM wallet using a unique key, which is never asked to be revealed by anyone from CoinSwitch.
To efficiently invest in NEM XEM cryptocurrency, one is supposed to know what is XEM. NEM was created in 2015, coded in Java and C++ by an anonymous coder, UtopianFuture on a BitCoin forum discussion. The Proof of Importance consensus algorithm is based on who has the amount of balance that a person has in XEM wallet and the number of transactions that the person has.
NEM was the victim of a loss of 523 Million XEM worth 400 Million US Dollars, which happened due to the Japanese cryptocurrency exchange Coincheck getting hacked due to its questionable security measures. Instead of creating a hard fork of the blockchain, the NEM team created automated tagging of the tainted money to track the transactions using the hacked coins.
If you are new to crypto trading, it's always advisable to learn about, what is NEM, it's benefits and indicative return on investment.