NEM launched on March 31, 2015 by a Bitcoin Talk Forum user under the name of UtopianFuture. Unlike many other blockchain technologies, NEM was built from scratch with strong modular customization capabilities for almost any application.
NEM is known for introducing new features to blockchain technology such as its proof-of-importance (POI) algorithm, multisignature accounts and encrypted messaging.
Historically altcoin price fluctuations had a positive correlation with bitcoin price movements. This meant that if bitcoin price increased, you would soon expect the altcoin prices to increase, but recently bitcoin price and altcoin prices seem to be independent. Factors that drive price of an altcoin are interest around the altcoin, if there is an upgrade coming up, listing on prominent and trusted crypto exchanges and new partnerships formed by the altcoin.
Altcoin adoption has a major role in positive price increases, adoption is hugely influenced by the use cases of the coin. Spreading of FUD by media, negative press from influential people, banning of crypto by certain countries (regulation) and hacking of altcoin and exchange platforms has a negative effect on altcoin prices.
NEM can be bought throught on our marketplace, or converted from major digital currencies on our cryptocurrency conversion service. This means you can buy XEM with ZAR, EUR, NGN, GBP, AUD and many more. Supporting 25 countries, XEM can be bought using the most convenient local payment method; including bank transfers, PayPal, TransferWise, supported fiat deposits, direct deposits and M-Pesa. Credit card payments are coming soon.
NEM can be sold for BTC or other cryptocurrencies via the Coindirect conversion service. If you are located in one of our other 24 supported countries, you can instantly sell your XEM by selecting the best buy offer from vendors in your country or you can set up a sell offer on our marketplace if it's one of our major supported currencies.