NEM launched in 2015 as a blockchain platform and was one of the pioneers of the cryptocurrency industry, seeking to improve on the faults other crypto exchanges had at that time. It was one of the first complete chains to feature namespaces, user-defined tokens “mosaics”, a P2P reputation system and multi-signature accounts.
It works on the proof-of-importance consensus mechanism, a new invention at the time, which rewarded on-chain activity and deterred the concentration of wealth, which was associated with the proof-of-stake (PoS) mechanism.
The NEM coin is XEM, which aims to be a fundamental value which allows users to conduct blockchain transactions.
The fastest, most convenient way to purchase NEM is to purchase it on ICONOMI. We check NEM live prices on 10+ crypto exchanges and buy it at the best market price.
You can buy NEM by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.
We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if NEM is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).
If you are unfamiliar with analyzing cryptocurrency prices and want to buy NEM, we recommend you read the next section, as copying might be a better approach.
If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have NEM in their structure.
NEM (XEM) price history shows the highest value of 0.78 USD . We recorded this price on March 4, 2021, but we cannot exclude that a higher price was registered before February 3, 2021.