NEM (XEM) Price

  • NEM(XEM)
    $0.0641
    +0.0003(+0.5091%)
    12:08:46(GMT)|Real-Time Data, Currency in USD
    • Open
      $0.0637
      Day's Range
      $0.0637- $0.0656
    • Market Cap
      $575.50 M
      Volume
      $13.60 M
    • Current Supply
      9.00 BXEM
      Max Supply
      9.00 BXEM

NEMOverview

  • Proof TypePoI
  • AlgorithmN/A
  • Market Cap$575.50 M
  • Volume$3.00 M
  • Current Supply9.00 BXEM
  • Max Supply9.00 BXEM
  • Open$0.0637
  • Day's Range$0.0637- $0.0656

NEMPrice

XEM is the native cryptocurrency that drives NEM’s public, decentralized blockchain. NEM’s XEM is used to pay for transactions to incentivize its network of public nodes that process and record transactions for businesses and users.

NEM was created in 2015 and resulted from a Bitcoin Talk (NXT) fork, with Bitcoin Talk forum user UtopianFuture inspiring the fork.

There are a total 8,999,999,999 XEM coins, with each harvester wallet required to have at least 10,000 vested XEM coins. NEM harvesters are equivalent to miners, receiving transaction fees upon the creation of a new block.

NEM is a peer-to-peer blockchain technology, considered to be the first Smart Asset blockchain. NEM delivers a platform for the management of any kind of asset, including but not limited to currencies, supply chains, notarizations, titles, and deeds.

NEM’s smart asset system features including:

  • Addresses: Container assets on the blockchain that can represent a single object that must be unique and updatable. An address can be as simple as a user’s account full of coins, like most blockchains, or it could be a package to be shipped or a deed to a house.
  • Mosaics: Custom assets on the NEM blockchain, which once sent to the NEM network results in a special fee payable in addition to the standard transaction fees. A mosaic could be as simple as a token or more specialized assets such as reward points, shares of stock, signatures, status flags, etc. Mosaics are held within Addresses.
  • Namespaces: A domain naming system that consists of higher level domains and subdomains, allowing for the creation of multiple subdomains that form Mosaics.
  • Transactions: This facilitates the transfer of Mosaics between Addresses, transfer or configure ownership of Addresses, send messages, etc. Each transaction is time stamped.

The NEM blockchain uses a Proof-of-Importance (“PoI”) algorithm, with nodes responsible for the verification of transactions as well as database maintenance, synchronization with other nodes, while maintaining trustworthiness and stability.

With the use of its Eigentrust ++ algorithm, nodes are able to intelligently judge the reputation of other nodes and reject bad nodes.

Some distinct differences and characteristics of NEM’s XEM include:

  • There are no physical XEM coins, only virtual.
  • Unlike fiat currencies, there are a finite number of XEM coins.
  • There is the ability to delegate harvesting of XEM coins.
  • Based on a Proof-of-Importance algorithm, giving the right to harvest to those that have a vested interest in NEM.

NEMForecasts

all forecasts

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NEMTechnical Analysis

Summary

BUY
  • Moving Averages
    BUY(10)
  • Indicators
    BUY(3)

Moving Averages

SIMPLEEXP.WEIGHTED
MA (5)0.06350.06360.0635
MA (10)0.06370.06360.0636
MA (20)0.06380.06380.0637
MA (50)0.06440.06420.0641
MA (100)0.06460.06460.0644
MA (200)0.06550.06550.0651
BUY8100

Trend Indicators

MACD (12,26,9)-0.0002
ADX (14)17.9556
RSI (14)42.5546
Williams %R (14)-69.2308
Stochastic RSI (14)69.4191
ROC (10)-0.4538
CCI (14)-66.0894
Ultimate oscillator (7,14,28)43.0357
Stochastic Fast (14)30.7692
ATR (14)0.0003
BBands (20)0.0012
BUY038

Pivot Points

names3s2s1pivotr1r2r3
classic0.06330.06340.06350.06350.06360.06370.0638
fibonacci0.06340.06340.06350.06350.06360.06360.0637
camarilla0.06340.06340.06340.06350.06370.06370.0637
woodieN/A0.04750.03170.04760.03180.0478N/A
demarkN/AN/A0.06350.06360.0637N/AN/A
names3s2s1pivotr1r2r3
classic
fibonacci
camarilla
woodie
demark

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