XEM is a coin of platform NEM. Its current price is around $0.1012 by writing, with a low of $0.0857 in 2021, and has a market cap of 911 million dollars.
What is NEM?
NEM aims to build a better blockchain. The way it does this is by using POI and harvesting. Other networks like Bitcoin have a POW or POS system, which requires time for the mining process to complete. David Shaw founded it in 2016, and its native coin, XEM, powers it.
NEM is a digital coin and blockchain platform. It is an open-source and acronymed XEM, abbreviated for New Economic Movement. The project created both a decentralized digital platform for decentralized applications and a digital token, which uses blockchain technology to eliminate the need for third parties.
What is XEM?
XEM is the coin of the NEM platform, which is around $0.1012 by the time of writing, with a low of $0.0857 in 2021. Its current ranking is #87 according to CoinMarketCap, with a market cap of 911 million dollars.
XEM reached a high of $0.8652, with a low of $0.0857. Despite the fluctuations in the price of XEM, investors are still leading it to outperform other cryptocurrencies such as Ethereum and Bitcoin.
XEM Coin Market Analysis
XEM has a max supply of 8,999,999,999 coins worth around $0.1012 with a market volume of 23 million dollars, whereas the market capitalization is 911 million dollars at writing.
XEM Price Prediction
On the 1D timeframe, XEM was trading in a downtrend for a long time and formed the Falling wedge pattern where the price action currently respects the Resistance level zone.
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Here are some of the best exchanges to buy XEM.
Nothing in this article is financial advice, and you should only invest in the market you believe is suitable for your portfolio.