Nem, a cryptocurrency that powers the NEM blockchain, is up 30% in a week. The price of XEM has surged to $1.50 after reaching an all-time low of $0.06 on January 3rd.
The xem price is a cryptocurrency that has experienced a significant surge in price over the past week.
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- In only one week, the price of Nem (XEM) has risen by almost 30%.
- Colombia’s government has made room for Symbol to engage with them.
In only one week, the price of Nem (XEM) has risen by almost 30%. Furthermore, the price of NEM was $0.12 on July 10, 2021, and has steadily risen to $0.16 in the past seven days.
Chart of the XEM Price (Source: CoinMarketCap)
NEM (New Economy Movement) is a cryptocurrency and blockchain ecosystem that allows companies and people to solve problems. The XEM is also the native currency of NEM’s public blockchain, NIS1.
At the time of writing, the XEM price was $0.1615, with a 24-hour trading volume of $555,047,325 on CoinMarketCap.
The Reason for the Price Increase
The price of XEM increased when the Government of Colombia, under Pedro E. Gutierrez Q, created a place to deal with Symbol for its public organizations via Ministerio TIC, which is run by Peersyst Technology.
The NEM team also released the NEM Symbol public blockchain in March 2021. Prior to the introduction of NEM Symbol, XEM holders may opt-in to have their XYM balance equal to their XEM balance at the time of Snapshot. It is, however, not too late to join and participate.
In 2021, XEM has a bright future ahead of it. We may see XEM reach new heights as a result of the continuing changes inside the XEM ecosystem, as well as in the broader crypto market.
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