NEM
€0.03730938 4.53%
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Based on 0 votesWhat is NEM all about
€1.55
€0.00007471
€322,852,465
€6,795,098 +2.15%
€8,063,652
-97.68%
+48029.53%
NEM is an ambitious blockchain project that has set out to be more technologically advanced and efficient in its role. NEM aims to build a “better” blockchain, and it tries to achieve that using two key concepts of proof-of-importance (POI) and harvesting.
POI is aimed at being more efficient that the more popular Proof of work and Proof of stake options other chains use. The POI mechanism gives more importance to how much a person is invested into the NEM system, with realistic vested interest. The XEM coins in the wallet and the holding period plays a key role in gauging the importance.
One needs to hold 10,000 “vested” XEMs in one's wallet to qualify for generating and earning new blocks and for earning various transaction fees.
One of the more powerful uses of NEM is its ability to interface between public and private blockchains. NEM enables easy transfer of any digital asset from a private internal enterprise network, through a public blockchain, and then to another business’s private network.
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XEM Questions & Answers
What is the price of NEM right now?
Current price of NEM is 0.03569161 Euro.
What was NEM's highest price?
The price of NEM peaked on 2018-01-07, when it was at 1.55 Euro.
Is NEM expected to increase in value 1 month from now?
Using our prediction algorithm, we suspect NEM's value is likely going to be between €0 and €0.07806214 in one month.
What is the price of NEM going to be in 90 days?
Based on our prediction we suspect the cost of NEM will be between €0 and €0.12 in three months.
What price will NEM reach six months from now?
In the long run, it is very hard to predict accurately, however in accordance with our price prediction algorithm we suspect NEM's cost will be between €0 and €0.14 6 months from now.
Is NEM popular on social media?
0 people took part via Reddit, in an online discussion about NEM in the last 48 hours. NEM's official Twitter handle is followed by 369240 users.
Why is POI a good idea?
POI is a system that rewards not only those with a large bank balance, but rather active members regardless of their financial status. The POI system takes into account how much users transact to others and who they transact with. This means that those who actively help the economy and therefore NEM benefit.
Can NEM cross between private and public blockchains?
One of the important features of NEM is its ability to move data between private and public blockchains, this includes things like tokens, files, or contracts. This is a big bridge to the traditional space which is more inclined to use private blockchain systems.
What makes NEM more advanced than other blockchains?
NEM is built like other blockchains in typical structure, but it also employs a few unique traits which it claims helps it be more technologically advanced. It is considered a new-age blockchain that has opened up a wide variety of possibilities for building better and improved systems. NEM has also focused on issues surrounding existing blockchains, such as lengthy processing times and busy networks.
What is Harvesting on NEM?
NEM’s harvesting is unlike Bitcoin’s PoW, or traditional PoS. Instead of each miner contributing its mining power in a cumulative manner to a computing node, a harvesting participant simply links his account to an existing supernode and uses that account’s computing power to complete blocks on his behalf.
10 days NEM price forecast
| Day | Price Prediction | Change |
| 2022-07-02 | €0.01371565 | -61.57% |
| 2022-07-03 | €0.01253935 | -8.58% |
| 2022-07-04 | €0.0122227 | -2.53% |
| 2022-07-05 | €0.01153822 | -5.6% |
| 2022-07-06 | €0.00971186 | -15.83% |
| 2022-07-07 | €0.00820336 | -15.53% |
| 2022-07-08 | €0.00849225 | +3.52% |
| 2022-07-09 | €0.0094241 | +10.97% |
| 2022-07-10 | €0.00981714 | +4.17% |
| 2022-07-11 | €0.01114709 | +13.55% |
Long term NEM price prediction
| Month | Price Prediction | Change |
| August 22 | €0.03396945 | -4.83% |
| September 22 | €0.07136676 | +110.09% |
| October 22 | €0.03999767 | -43.95% |
| November 22 | €0.0357349 | -10.66% |
| December 22 | €0.02335507 | -34.64% |
| January 23 | €0 | -100% |
| February 23 | €0 | -NaN% |
| March 23 | €0.05783689 | +Infinity% |
| April 23 | €0 | -100% |
| May 23 | €0 | -NaN% |
| June 23 | €0 | -NaN% |
| July 23 | €0 | -NaN% |