Time period | Change amount | % Change |
---|---|---|
1H | $ -0.00003348 | -0.083% |
24H | $ 0.0003923 | 0.98% |
7D | $ 0.003988 | 9.93% |
14D | $ 0.005032 | 12.52% |
30D | $ 0.005050 | 12.57% |
1Y | $ 0.009723 | 24.2% |
NEM price today is $0.04018 with a 24-hour trading volume of 4.74M, and as such NEM has a market cap of 362.43M, giving it a market dominance of 0.02%. The NEM price moved 0.9763% in the last 24 hours.
NEM reached its highest price on 2018-01-07 when it was trading at its all-time high of $1.87, while its lowest price was recorded on 2015-09-05 when it was trading at its all-time low of $0.00008482. The current lowest price since the last cycle high was $0.00008482, and the highest price since the last cycle low was $1.87. The social sentiment of NEM is currently Positive.
The current circulating supply of NEM is 9B XEM. In terms of market cap, NEM is currently ranked 150.
There are two schools of thought in determining the price of NEM.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of NEM, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of NEM from a long term perspective.
By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of NEM on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for NEM as well.
Investors tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for NEM and the cryptocurrency market as a whole.
Date | Market Cap | Volume | Open | Close |
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Website | https://nem.io/ |
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Explorers | http://chain.nem.ninja/ |
Community |