Altcoin News Editor's Picks NEM News

Became known yesterday the reason for the explosive growth of the token NEM (XEM)

In the last 24 hours, the course of bitcoin NEM (XEM) rapidly rose in price, increasing in value by almost a quarter (24,46% at the time of publication of news according to CoinMarketCap). The reason for this growth was the statement of the Japanese cryptocurrency exchange Coincheck on resumption of trading this crypto-currency on its platform

Recall, delisting NEM on Coincheck was held in January this year, after a massive hacker attack on the crypto currency exchange, in which hackers managed to steal about $530 million in cryptocurrency XEM.

At the time of writing the average rate XEM is $0,115, with a capitalization of $1.04 billion In the last 24 hours, the cryptocurrency rose by 24.46%. However, current performance is very far from the maximum reached in the winter of course in the neighborhood of $1.5. Now NEM is a 15-th place in the list of the largest cryptocurrency in terms of capitalization.

New Economy Movement (NEM) is an innovative blockchain-a platform. putting in the forefront “proof of importance” Proof of Importance. The system “rewards not only those who have large balances on accounts, but also takes into account the number of transactions with other members of the network and with whom transactions are carried out”.

Recently NEM has concluded a number of strategic partnership agreements, including with OATH Protocol and Portal network. It was also released a product with the PUBLISH, a decentralized news aggregator.


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