NEM Price Jumps 16% as Other Top Coins Tumble

It was a disappointing day for cryptocurrency investors, as 97 of the top 100 coins posted single-day declines. However, the NEM price (XEM) not only resisted this bearish trend — it actually managed to achieve a double-digit percentage increase against the US dollar.

At present, NEM is trading at $0.44 on Poloniex, which is roughly in line with the token’s global average. NEM has a market cap of just under $4 billion, which makes it the 11th-largest cryptocurrency according to this metric.

NEM trading volume is currently heavily concentrated in Asian markets, with the majority of it denominated in fiat trading pairs. South Korea-based Upbit’s XEM/KRW market accounts for just under 33 percent of all NEM volume, while Japanese exchange Zaif’s XEM/JPY pair comprises another 26 percent.


Share this: