About NEM
NEM (XEM) is a cryptocurrency launched in 2015. NEM has a current supply of 8,999,999,999. The last known price of NEM is 0.00732185 USD and is down -8.02 over the last 24 hours. It is currently trading on 182 active market(s) with $6,715,489.86 traded over the last 24 hours. More information can be found at
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Trading Insights
Searched
10
Market Stats
Market Cap
A$95.24M
FDV
A$95.24M
Circ. Supply
9B XEM
Max Supply
9B XEM
Total Supply
9B XEM
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
A$9.53M
-47.98%
Volume (7D)
A$20.86M
Volume (30D)
A$275.79M
All time high
A$3.21
Price Change (1Y)
-65.48%
Additional info about NEM
Recent trends
The latest XEM price is A$0.0106. Compared to NEM's value of A$0.01 from 24 hours ago, there's been a -0% decrease, while the current price is -22% down from A$0.01 which was recorded one week ago. NEM's all time high is A$3.21, which was reached on January 4, 2018. This is a -100% change from its price today.
The current circulating supply of NEM is 8,999,999,999. This is 100% of its max supply of 8,999,999,999 XEM and 100% of its total supply of 8,999,999,999. The market cap is currently A$95.24M, which is a result of multiplying the current price of NEM(A$0.01) by the total supply(8,999,999,999 XEM). The fully diluted valuation of NEM is A$95.24M. The diluted valuation of NEM is A$95.24M.
Market details
XEM vs markets
↘ 74.79%
XEM vs BTC
↘ 78.8%
XEM vs ETH
↘ 55.16%
Tags
poi
medium-of-exchange
defi
payments
+1
Network & Addresses
Network | Address |
|---|
Price history
Time | Price | Change |
|---|---|---|
Today | A$0.0106 | ↘ 0.07% |
1 Day | A$0.0106 | ↘ 0.07% |
1 Week | A$0.0137 | ↘ 22.09% |
1 Month | A$0.0300 | ↘ 64.15% |
1 Year | A$0.0303 | ↘ 65.48% |
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 AUD currency in real-time. Get the live price of NEM on Coinbase.
The current market cap of NEM is A$95.24M. A high market cap implies that the asset is highly valued by the market.
The all-time high of NEM is A$3.21. 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 A$9.53M.
Assets that have a similar market cap to NEM include Bone ShibaSwap, Goldfinch Protocol, Metacraft, 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.
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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.
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