Nem price and how to buy – what is XEM worth today and how does New Economy Movement compare with Bitcoin?
NEM is a “smart asset” blockchain which supports the cryptocurrency XEM.
Digital currencies are dominating the world of investing following the surge in the price of Bitcoin in late 2017.
What is NEM?
NEM, or New Economy Movement, has the currency symbol XEM and was launched on March 31, 2015.
And while most other cryptocurrencies are developed or “forked” from other codes, NEM was written from scratch using Java script.
Around 1,500 early investors bought XEM stakes with one stake being the equivalent of 2.25million XEM coins.
What is a smart asset blockchain?
A blockchain is a digital ledger where all transactions created using cryptocurrencies are recorded.
A “smart asset” blockchain allows users to customize their own blockchain creating their own specific “smart contract”.
This means users can create places on the NEM blockchain where they can safely put their digital assets.
What is the price of NEM (XEM)?
On February 12 NEM was priced at $0.54 (£0.39).
Like many cryptocurrencies, it has suffered slightly after a dramatic high at the start of 2018, when NEM's price approached $2 on January 4.
How to buy the cryptocurrency?
It appears that there are many sites online which offer to help people buy NEM (XEM).
But anyone thinking of investing in NEM (XEM) or another cryptocurrency should be very careful.
Their values are volatile, with the ability to plummet as quickly as they shoot up.