Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.
What is NEM?
New Economy Movement (NEM) is a blockchain platform that powers the Smart Asset System. This system is intended to be a customisable blockchain solution that can be used to provide services like payments, messaging, token creation, secure records and more. A global network of nodes running the NEM core software is used to confirm transactions and secure the network, with the network used as an API Gateway server.
NEM uses a proof-of-importance algorithm to achieve consensus. Each node has its own importance score, which is a measure of how much you’ve invested into the NEM system and determines how often you can harvest the network’s utility token, XEM. In this way, active participation in the NEM network is encouraged and incentivised.
NEM (XEM) is the 129th largest cryptocurrency in the world by market cap, valued at $284,920,526. The current price of NEM is $0.03159091, which is 0.953% higher than yesterday. Prices have ranged between $0.03191402 and $0.03127288 over the past 24 hours. All prices are listed in US dollars and accurate as of May 28, 2023 12:05 UTC.
How we keep this NEM guide up-to-date
- XEM price data is regularly updated through data feeds so you always have the latest information.
- NEM performance data is regularly updated using automated comparisons and AI systems built by our technical experts Zak Killermann and Helen Hu.
NEM at a glance
Information last updated May 28, 2023 12:05 UTC.
| Coin symbol | XEM |
|---|---|
| Coin Marketcap | US$284,920,526 |
| Total XEM supply | 8,999,999,999 |
| Circulating XEM | 8,999,999,999 |
| Current price | US$0.03159091 |
| All time high | US$1.87 |
| All time high date | January 07, 2018 |
| Notable team members | Erik Van Himbergen, Jeff McDonald, Leon Yeoh, Lon Wong |
| Partnerships | FIX Network, Pundi X |
| Industry | Blockchain platform |
| Token uses | Transaction fees, digital currency, utility token |
| Network | NEM |
NEM price performance over time
Historical prices compared with the price of US$0.03159091.
| 1 hour | -0.80% |
|---|---|
| 24 hours | 0.95% |
| 7 days | -3.91% |
| 14 days | -2.59% |
| 30 days | -14.96% |
|---|---|
| 60 days | -18.08% |
| 200 days | -9.48% |
| 1 year | -32.79% |
* Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.
Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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