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<a rel="nofollow" target="_blank" href="https://coinmarketcap.com/">Coinmarketcap.com</a> says that currently NEM is the 15th top coin in the market trading at $0.195. Its market cap amounts to $1 bln and there are coins worth $1 bln out there in circulation.
<strong>NEM’s recent price moves</strong>
Over the last three months, the coin’s rate dived to the low of $0.22 and then, in March, it soared to $0.44. This week <a rel="nofollow" target="_blank" href="#-ethereum-litecoin-eos-bounce-back-ripple-nem-hovering-price-analysis-june-15">NEM</a> caught a bearish wave, which took it down to $0.18.
Curiously enough, these falls and rises of the coin take place in quite a small range, unlike with other big currencies.
<a rel="nofollow" target="_blank" href="https://cryptocomes.com/cryptocomes-women-in-blockchain-crystal-rose-on-blockchain-island-governance-and-open-data">card</a>
<strong>What is NEM?</strong>
Due to the fact that NEM is a <a rel="nofollow" target="_blank" href="https://cryptocomes.com/10-blockchain-technology-use-cases">Blockchain</a> algorithm that allows for high scalability and has advanced security points, some experts forecast that it may join the top 5 digital tokens’ list in the near future.
At first, the creators of <a rel="nofollow" target="_blank" href="#-foundation-no-longer-tracking-tokens-stolen-from-coincheck">NEM</a> wanted to simply advance an existing source code. However, it finally turned into one of the few tokens that work on an original Blockchain. It does not use proof-of-work or proof-of-stake but a proof-of-importance protocol to power its network.
<strong>Listing on exchanges</strong>
NEM is not the first altcoin that has been added to exchanges, big and little ones, recently. Among listed coins are also <a rel="nofollow" target="_blank" href="https://cryptocomes.com/binance-adds-siacoin-as-the-tokens-price-soars-over-20-percent">Siacoin</a>, ICON and IOTA. Coinbase has also announced its plans to list Ethereum Classic in autumn, which made the ETC price rise 20 percent.
It is not yet known, whether the news of adding has pushed NEM up the charts, so keep watching the <a rel="nofollow" target="_blank" href="https://cryptocomes.com/what-are-stablecoins-and-what-do-they-mean-for-the-crypto-market">market</a>.
<a rel="nofollow" target="_blank" href="#">card</a>
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if (document.documentElement.clientWidth > 767) {
var AdButler = AdButler || {}; AdButler.ads = AdButler.ads || [];
var abkw = window.abkw || '';
var plc666695 = window.plc666695 || 0;
(function(){
var divs = document.querySelectorAll(".plc666695:not([id])");
var div = divs[divs.length-1];
div.id = "placement_666695_"+plc666695;
AdButler.ads.push({handler: function(opt){ AdButler.register(183269, 666695, [728,200], 'placement_666695_'+opt.place, opt); }, opt: { place: plc666695++, keywords: abkw, domain: 'servedbyadbutler.com', click:'CLICK_MACRO_PLACEHOLDER' }});
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if (!window.AdButler){(function(){var s = document.createElement("script"); s.async = true; s.type = "text/javascript";s.src = 'https://servedbyadbutler.com/app.js';var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n);}());}
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var AdButler = AdButler || {}; AdButler.ads = AdButler.ads || [];
var abkw = window.abkw || '';
var plc666696 = window.plc666696 || 0;
(function(){
var divs = document.querySelectorAll(".plc666696:not([id])");
var div = divs[divs.length-1];
div.id = "placement_666696_"+plc666696;
AdButler.ads.push({handler: function(opt){ AdButler.register(183269, 666696, [336,280], 'placement_666696_'+opt.place, opt); }, opt: { place: plc666696++, keywords: abkw, domain: 'servedbyadbutler.com', click:'CLICK_MACRO_PLACEHOLDER' }});
})();
}
<a rel="nofollow" target="_blank" href="https://coinmarketcap.com/">Coinmarketcap.com</a> says that currently NEM is the 15th top coin in the market trading at $0.195. Its market cap amounts to $1 bln and there are coins worth $1 bln out there in circulation.
<strong>NEM’s recent price moves</strong>
Over the last three months, the coin’s rate dived to the low of $0.22 and then, in March, it soared to $0.44. This week <a rel="nofollow" target="_blank" href="#-ethereum-litecoin-eos-bounce-back-ripple-nem-hovering-price-analysis-june-15">NEM</a> caught a bearish wave, which took it down to $0.18.
Curiously enough, these falls and rises of the coin take place in quite a small range, unlike with other big currencies.
<a rel="nofollow" target="_blank" href="https://cryptocomes.com/cryptocomes-women-in-blockchain-crystal-rose-on-blockchain-island-governance-and-open-data">card</a>
<strong>What is NEM?</strong>
Due to the fact that NEM is a <a rel="nofollow" target="_blank" href="https://cryptocomes.com/10-blockchain-technology-use-cases">Blockchain</a> algorithm that allows for high scalability and has advanced security points, some experts forecast that it may join the top 5 digital tokens’ list in the near future.
At first, the creators of <a rel="nofollow" target="_blank" href="#-foundation-no-longer-tracking-tokens-stolen-from-coincheck">NEM</a> wanted to simply advance an existing source code. However, it finally turned into one of the few tokens that work on an original Blockchain. It does not use proof-of-work or proof-of-stake but a proof-of-importance protocol to power its network.
<strong>Listing on exchanges</strong>
NEM is not the first altcoin that has been added to exchanges, big and little ones, recently. Among listed coins are also <a rel="nofollow" target="_blank" href="https://cryptocomes.com/binance-adds-siacoin-as-the-tokens-price-soars-over-20-percent">Siacoin</a>, ICON and IOTA. Coinbase has also announced its plans to list Ethereum Classic in autumn, which made the ETC price rise 20 percent.
It is not yet known, whether the news of adding has pushed NEM up the charts, so keep watching the <a rel="nofollow" target="_blank" href="https://cryptocomes.com/what-are-stablecoins-and-what-do-they-mean-for-the-crypto-market">market</a>.
<a rel="nofollow" target="_blank" href="#">card</a>
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Arman Shirinyan
Gamza Khanzadaev
Godfrey Benjamin
