NEM
About NEM
The price of NEM (XEM) is $0.01970567 today, as of Sep 27 04:21 p.m., with a 24-hour trading volume of $8.99M. Over the last 24 hours, the price has increased by 1.24%. NEM currently has a circulating supply of 9.00B and a market cap of $177.35M.
XEM is the native cryptocurrency of blockchain project NEM (New Economy Movement). It powers its Smart Asset System – software that makes it easy for developers to create their own applications.
It’s written in Java programming language and was launched in 2015.
The XEM price recorded an all-time high of $1.87 in January 2018. The cryptocurrency’s all-time low value came in September 2015, when one XEM was priced at $0.00008482.
XEM has a total supply of almost 9 billion tokens, although its maximum supply is unknown.
The tokens were distributed to 1,500 initial stakeholders and multi-signature secured fund wallets for the cost of operating the network. People could sign up to get their stake for free, after which users had to pay in either NXT (an open-source cryptocurrency) or BTC (bitcoin) to get their share of XEM tokens. Initial participants received 4 million XEM tokens each.
XEM’s price has been fairly stable outside of two big moves higher and then lower. Initial interest in the currency perked up in April 2017, when the price went from $0.0239 to its all-time high. A sharp decline followed after that, with the price falling to $0.09 by September 2018. Momentum picked up again in September 2020 as the XEM hit $0.16 and pushed to $0.77 in early March 2021. Since then, its value has fallen back to the $0.09 range.
XEM’s two price peaks coincided with bitcoin’s bull runs, when other cryptocurrencies also rose. Apart from those bullish periods, XEM usually trades between $0.09 and $0.10.