NEM
Last modified on 11. October 2020
Quick Facts
NEM was introduced by the user ournem via bitcointalk.org on 16 June 2014. coinmarketcap.com subsequently began the logging of real-time trading data in May 2015.
Quarterly Averages
This section presents the quarterly averages (trimester) for trading volume, market capitalization and trading price for 2017, 2018, 2019 and 2020.
Trading Volume & Market Capitalization
For example, the average trading volume of NEM during the first trimester of 2019 was over US$ 15.2 m per day. Over the same period the year before, this figure came to nearly US$ 78 m. The trading volume dropped by 80.4 percent accordingly.
The average market capitalization during the first trimester of 2019 was nearly US$ 443 m. In the same time frame of 2018, this figure came to nearly US$ 6.3 bn. Market capitalization dropped down accordingly by 92.9 percent.
Trading Price
The average trading price during the first trimester of 2019 equated to US$ 0.050476. In the same period of 2018, this figure came to over US$ 0.75. The corresponding downward price retracement was 93.3 percent.
The all-time high of NEM in 2018
The price of the NEM currency reached a high in January 2018 at US$ 2.09. At this trading price, the coin reached a market capitalization of over US$ 14.8 billion. This put NEM in the ballpark of certain other digital currencies, such as TRON, Litecoin, Stellar and IOTA.
NEMs all-time high compared to Bitcoin and the most renowned companies worldwide
Bitcoin, by far the largest cryptocurrency at the time, had a market capitalization of US$ 262 billion on that day. Apple Inc., one of the most highly valued brands in the world, stood at US$ 880 billion. And Volkswagen AG, the world’s largest vehicle manufacturer as of 2018, at US$ 106 billion.
- NEM (XEM): 14.8 bn US dollars
- Bitcoin (BTC): 262 bn US dollars
- Apple (AAPL): 880 bn US dollars
- VW (VWAGY): 106 bn US dollars
- Date: 4 January 2018
March 2019: an interesting date following the big cryptocurrency crash
On 1 March 2019, the price of NEM stood at US$ 0.043496 with a market capitalization of just under US$ 388 million. This is a retracement down to approximately 2.1 percent compared with the highest trading price described above.
Bitcoin dropped down to approximately 19.5 and Ethereum to about 9.7 percent of their all-time-high trading prices around that time.
More Details
The NEM-Coin is not created by mining. It has no maximum number of coins, unlike TRON, for example. Those interested in the source code should also take a look at the GitHub page.
This block explorer can be used to track the current block height and other recently updated metrics around all NEM transactions.
To find out more about NEM, download the white paper or find more links to community forums, source code and social media accounts, visit http://nem.io.
Markets
EUR
The trading platforms for buying or selling NEM in EUR are Bitvavo and EXMO.
USD
The trading platforms for buying or selling NEM in USD are OKEx, HitBTC and BitMax, among others.
BTC
A large market for buying or selling NEM in BTC is Binance. Additional trading platforms for buying or selling NEM in BTC are HitBTC, VCC Exchange and BitMax, among others.
1. This figure changes to 0.7184 percent when taking Bitcoin out of the equation.