NEM Price, News and Analysis (XEM)

NEM logo
$0.1379
-0.0113 (-8.21%)
(As of 06/20/2021 06:48 AM ET)
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1-Hour Price Change -4.17%
1-Day Price Change -8.21%
7-Day Price Change -12.73%
1-Day Volume$53.59 million
Market Cap$1.24 billion
BTC Price0.00000403 BTC
Circulating Supply9.00 billion
Total Supply9.00 billion
Maximum Supply9.00 billion

About NEM (XEM)

Currency Details

Name NEM
SymbolXEM
Market Capitalization$1.24 billion
Coin or TokenCoin
AlgorithmProofofImportance
Proof TypePoI
Genesis Date3/31/2015
Mineable?No

Official Links

Official Websitenem.io
Official Website (Alt)N/A
BitcoinTalk AnnouncementView
Twitter Account@NEMofficial
Facebook PageView
Github AccountView

Community Discussion

Reddit Communityr/nem
Telegram GroupView
Discord GroupN/A
Message Boardforum.nem.io
Message Board (Alt)N/A

Research Tools

Blockchain Explorerchain.nem.ninja
Blockchain Explorer (Alt)explorer.nemtool.com
CoinMarketCapView
CryptoCompareView
CoinGeckoView

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NEM (XEM) Frequently Asked Questions

What is NEM?

Consensus Mechanism: Proof-of-ImportanceGenesis Date: March 31st, 2015Block Time: 1 minuteAvailable/Total Supply: 8,999,999,999 XEMBlock Reward: N/A (transaction fees only + node rewards) XEMXEM is the native currency of the NEM public blockchain. It is used to pay for transactions on this public blockchain in order to incentivize its network of public nodes that process and record transactions for businesses and users there. This means that XEM has real fundamental value as the currency of a functioning economy.HarvestingHarvesting is closely similar to mining in other cryptocurrencies, but it uses unique methods called Proof of Importance and Delegated Harvesting to determine who harvests the next block. Harvesting is necessary to keep the network online and to confirm transactions.Supernode ProgramSupernodes are high performance blockchain nodes which form the backbone of the NEM blockchain network. Accounts with 3,000,000 or more XEM can operate a supernode, either from a local computer or from a cloud-hosted server. Supernodes are required to be up and running 24 hours per day, processing all transactions.CatapultCatapult is a full-featured blockchain engine that can power both private and public networks with its unique smart contract plugins. These plugins enable bulletproof digital asset creation, decentralized swaps, advanced account systems and business logic modeling.In its next phase, Catapult will become the core NEM engine. Public chain Catapult has been in testing for three years to thoroughly troubleshoot bugs and implement features. Its expected release is in 2019.Proof-Of-ImportancePOI is the consensus algorithm used in NEM to determine who will calculate the next block. An account's importance is determined by how many coins it contains and the number of transactions made to and from that account. POI is different from other initiatives which use a fee-sharing model that does not take into consideration one's overall support of the network. In some proof-of-stake systems a person only needs to have large amounts of coins to form a block; however, in NEM the transaction amount as well as support of the network become a factor. This has been designed to encourage users of NEM to not simply hold NEM but instead actively carry out transactions within the NEM ecosystem.You can read more about NEM’s tech in the Technical Reference.     (Description provided by CryptoCompare)

How do I buy NEM?

It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase or BlockFi. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including NEM.

What do investment analysts think about NEM?

Weiss Research, an investment research firm that rates cryptocurrencies, has given NEM an overall rating of "D", a technology and adoption rating of "D-", and a market performance rating of "C-".

What technology is included in NEM?

Consensus Mechanism: Proof-of-ImportanceGenesis Date: March 31st, 2015Block Time: 1 minuteAvailable/Total Supply: 8,999,999,999 XEMBlock Reward: N/A (transaction fees only + node rewards) XEMXEM is the native currency of the NEM public blockchain. It is used to pay for transactions on this public blockchain in order to incentivize its network of public nodes that process and record transactions for businesses and users there. This means that XEM has real fundamental value as the currency of a functioning economy.HarvestingHarvesting is closely similar to mining in other cryptocurrencies, but it uses unique methods called Proof of Importance and Delegated Harvesting to determine who harvests the next block. Harvesting is necessary to keep the network online and to confirm transactions.Supernode ProgramSupernodes are high performance blockchain nodes which form the backbone of the NEM blockchain network. Accounts with 3,000,000 or more XEM can operate a supernode, either from a local computer or from a cloud-hosted server. Supernodes are required to be up and running 24 hours per day, processing all transactions.CatapultCatapult is a full-featured blockchain engine that can power both private and public networks with its unique smart contract plugins. These plugins enable bulletproof digital asset creation, decentralized swaps, advanced account systems and business logic modeling.In its next phase, Catapult will become the core NEM engine. Public chain Catapult has been in testing for three years to thoroughly troubleshoot bugs and implement features. Its expected release is in 2019.Proof-Of-ImportancePOI is the consensus algorithm used in NEM to determine who will calculate the next block. An account's importance is determined by how many coins it contains and the number of transactions made to and from that account. POI is different from other initiatives which use a fee-sharing model that does not take into consideration one's overall support of the network. In some proof-of-stake systems a person only needs to have large amounts of coins to form a block; however, in NEM the transaction amount as well as support of the network become a factor. This has been designed to encourage users of NEM to not simply hold NEM but instead actively carry out transactions within the NEM ecosystem.You can read more about NEM’s tech in the Technical Reference.     (Information provided by CryptoCompare)

Where can I get NEM wallet?

NEM produces its own wallet software that is available for download on its website, which allows you to store NEM on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

What is the value of NEM?

One NEM (XEM) is currently worth $0.14 on major cryptocurrency exchanges. You can also exchange one NEM for 0.00000403 bitcoin(s) on major exchanges. The value (or market capitalization) of all available NEM in U.S. dollars is $1.24 billion.

What hashing algorithm does NEM use?

NEM is a PoI coin that uses the ProofofImportance algorithm.

What is the Reddit page for NEM?

The official Reddit community (subreddit) for NEM is r/nem.


MarketBeat Community Rating for NEM (XEM)

Community Ranking:  3.2 out of 5 (star star star)
Outperform Votes:  670 (Vote Outperform)
Underperform Votes:  388 (Vote Underperform)
Total Votes:  1,058
MarketBeat's community ratings are surveys of what our community members think about NEM and other cryptocurrencies. Vote "Outperform" if you believe the stock will outperform other cryptocurrencies over the long term. Vote "Underperform" if you believe the stock will underperform other cryptocurrencies over the long term. You may vote once every thirty days.

Chart

NEM (XEM) Price Chart for Sunday, June, 20, 2021

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Google Trends

NEM (XEM) Search Trends

There is a correlation between price appreciation and public interest in cryptocurrencies, such as NEM. Many cryptocurrency investors use Google Trends, which measures the volume of web searches for a particular topic over time, as a tool to gauge whether public interest is increasing or decreasing for a particular cryptocurrency. The chart below shows how search volume has changed for the phrase "NEM Coin" over the last 90 days.



NEM (XEM) Website Traffic

NEM (XEM) Social Media Trends

Headlines

NEM (XEM) News Headlines

SourceHeadline
3 Gold Miners to Buy on the Dip Following the Fed Meeting3 Gold Miners to Buy on the Dip Following the Fed Meeting
stocknews.com - June 18 at 11:15 AM
Coincheck crypto exchange announces Japans first ever IEOCoincheck crypto exchange announces Japan's first ever IEO
cointelegraph.com - May 31 at 10:01 AM
Three Gold Miners Poised for More UpsideThree Gold Miners Poised for More Upside
stocknews.com - April 22 at 6:16 PM
3 Gold Stocks Wall Street Loves  3 Gold Stocks Wall Street Loves  
stocknews.com - March 11 at 4:57 PM
Why I Believe Gold Will Rally, and 3 Stocks That Stand to Benefit the MostWhy I Believe Gold Will Rally, and 3 Stocks That Stand to Benefit the Most
stocknews.com - February 26 at 9:19 PM
Newmont Mining Corp (NEM) Q4 2020 Earnings Call TranscriptNewmont Mining Corp (NEM) Q4 2020 Earnings Call Transcript
fool.com - February 18 at 8:41 PM
Newmont Mining vs. Franco-Nevada: Which Gold Stock is a Better Buy?Newmont Mining vs. Franco-Nevada: Which Gold Stock is a Better Buy?
stocknews.com - February 8 at 5:22 PM
3 Gold Miners With Explosive Earnings Growth Potential for Next Year3 Gold Miners With Explosive Earnings Growth Potential for Next Year
stocknews.com - December 3 at 2:26 PM
Top 5 cryptocurrencies to watch this week: BTC, ETH, ADA, XLM, XEMTop 5 cryptocurrencies to watch this week: BTC, ETH, ADA, XLM, XEM
cointelegraph.com - November 30 at 1:02 AM
4 Mining Stocks to Buy on Yesterday’s Sell-Off in Gold4 Mining Stocks to Buy on Yesterday’s Sell-Off in Gold
stocknews.com - November 10 at 1:22 PM
3 Great Stocks with Better GROWTH POTENTIAL Than Snowflake3 Great Stocks with Better GROWTH POTENTIAL Than Snowflake
stocknews.com - September 29 at 12:13 PM
4 Precious Metal Stocks to Buy if the US Dollar Weakens4 Precious Metal Stocks to Buy if the US Dollar Weakens
stocknews.com - September 28 at 8:11 PM
3 Gold Stocks to Buy After Recent Retreat3 Gold Stocks to Buy After Recent Retreat
stocknews.com - August 22 at 7:11 PM
Trade of the Day: Newmont Mining Stock Is Breakout ReadyTrade of the Day: Newmont Mining Stock Is Breakout Ready
investorplace.com - March 4 at 7:46 AM
Experts Share: What Are the Biggest Topics to Follow in 2020 Beside CryptoExperts Share: What Are the Biggest Topics to Follow in 2020 Beside Crypto
cointelegraph.com - January 9 at 2:30 PM
Pushing for Crypto Self-Regulation Amid Tightening Government ScrutinyPushing for Crypto Self-Regulation Amid Tightening Government Scrutiny
cointelegraph.com - October 12 at 8:09 PM
Bank of America’s Blockchain Foray: Patent Trolling or Hedging Risks?Bank of America’s Blockchain Foray: Patent Trolling or Hedging Risks?
cointelegraph.com - July 26 at 2:09 AM

Social Media Mentions

NEM (XEM) Reddit Feed


This page was last updated on 6/20/2021 by MarketBeat.com Staff
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