NEM Information

NEM is a unique blockchain platform that emphasizes smart asset management and offers an innovative consensus mechanism called Proof of Importance. Its focus on scalability and flexibility makes it a popular choice for businesses looking to integrate blockchain technology. With features like mosaics and namespacing, NEM enables users to create and manage digital assets easily and effectively.

NEM

$0.02

Title : NEM
Symbol : xem
Current Price $ : 0.02298626 $
High 24h : 0.02420736 $
Low 24h : 0.0228409 $
Price Change 24h : -6.8442582976055E-5 $
Price Change % 24h : -0.29687 %
Market Cap : 206830614
Website : https://nem.io/
Total Volume : 19942316
Market Cap Change 24h : -488134.32706812
Market Cap Change % 24h : -0.23545 %
Circulating Supply : 8999999999
Total Supply : 8999999999
Last Updated : 2025-02-01 23:51
All Time High (ATH) : 1.87
ATH Change % : -98.77172 %
ATH Date : 2018-01-07 00:00
All Time Low (ATL) : 8.482E-5
ATL Change % : 26959.41118 %
ATL Date : 2015-09-05 00:00

more information

Understanding NEM: An Overview

NEM (New Economy Movement) is a blockchain platform that aims to provide smart asset solutions. By employing its own unique consensus mechanism called Proof-of-Importance (PoI), NEM allows users to engage in transactions and create new assets in a secure and efficient way. Launched in 2015, NEM has evolved through various stages, providing decentralized applications (dApps) and features suitable for businesses and individual users alike.

Historical Performance

NEM's journey in the cryptocurrency market has been remarkable and tumultuous. The coin reached its all-time high of $1.87 on January 7, 2018, during the heights of the cryptocurrency boom. Since then, the value has seen a staggering decline of over 99%, resulting in a current price of approximately $0.017. Despite this decline, NEM's all-time low was recorded at just $0.00008482, showcasing a significant recovery over the years.

Advantages of NEM

NEM offers several advantages that set it apart from other cryptocurrencies:

Unique Consensus Algorithm: NEM's Proof-of-Importance fosters a more equitable distribution of mining rewards, encouraging active participation and community engagement.
Smart Asset Creation: Users can create custom tokens with various properties on the NEM blockchain, a feature that is highly beneficial for businesses looking to utilize blockchain technology.
Modular Architecture: The design allows for easier implementation of updates and features, making it adaptable to changing market needs.

Challenges and Disadvantages

Despite its benefits, NEM faces several challenges:

Market Volatility: Like many cryptocurrencies, NEM is subject to significant price fluctuations, which can deter potential long-term investors.
Scalability Concerns: While NEM's architecture is modular, it still faces challenges in scaling to meet increased transaction demands as adoption grows.
Competition: The blockchain space is highly competitive, with numerous projects offering similar functionalities, making it challenging for NEM to maintain a prominent position.

Future Prospects

The future of NEM largely hinges on its continued development and the ability to differentiate itself in a crowded market. As industries increasingly adopt blockchain technology, NEM's capabilities in smart asset creation could become more desired. Additionally, ongoing upgrades to improve scalability and network efficiency will be crucial. Community engagement and partnerships can also play a significant role in revitalizing the image of NEM and attracting new users. With a current market cap of approximately $153 million and a dedicated development team, NEM has the potential to rebound and carve a niche in the evolving cryptosphere.

Conclusion

NEM's journey reflects the volatility and innovation inherent in the cryptocurrency ecosystem. By addressing its challenges and capitalizing on its unique features, NEM could very well position itself for a resurgence in the coming years. For investors, understanding the intricacies of this coin and its operational framework remains essential for navigating its potential in the marketplace.

General Information
from price $0
Title NEM
Symbol xem
Whitepaper -
Website https://nem.io/
Community -
Last Updated 2025-02-01 23:51

Price Data
Current Price $ 0.02298626 $
High 24h 0.02420736 $
Low 24h 0.0228409 $
Price Change 24h -6.8442582976055E-5 $
Price Change % 24h -0.29687 %

Market Data
Market Cap 206830614
Total Volume 19942316
Market Cap Change 24h -488134.32706812
Market Cap Change % 24h -0.23545 %
Return on Investment (ROI) -

Supply and Availability
Circulating Supply 8999999999
Total Supply 8999999999
Max Supply -

Historical Data
All Time High (ATH) 1.87
ATH Change % -98.77172 %
ATH Date 2018-01-07 00:00
All Time Low (ATL) 8.482E-5
ATL Change % 26959.41118 %
ATL Date 2015-09-05 00:00