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ICYMI: NEM [XEM] falls a rank down – bids goodbye to the top 15!

Simran Alphonso

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Source: Pixabay

NEM [XEM] had been ranked #15 on CoinMarketCap. However, this changed today, when it fell to #16 and left the group of top 15 coins in the crypto-market.

XEM fell a rank lower as Binance Coin [BNB] performed better than it. Currently, BNB has taken over XEM’s position ranking at #15 now.

NEM’s weekend chart.

Recently, Erik Van Himbergen is the Co-Founder of the NEM Foundation and blockchain industry and later became an advisor at Tutellus. Himbergen being an advisor for Tutellus added a technical vision of infrastructure and services for Tutellus in the long term. This resulted in NEM’s popularity amongst Tutellus users.

Last week, NEM had announced its listing on Coindeal. Lately, quite a few trading platforms listed XEM, South Korea’s leading cryptocurrency exchange platform, Bithumb also listed XEM.

NEM also announced a Computer Scientist from Barcelona who developed a library, which aims to help any developer interact easily with Trezor devices. This library also intends to allow Trezor accounts to be used as seamlessly as possible with NEM library. Trezor is a cryptocurrency hardware wallet and was launched in August 2014. It was the first Bitcoin hardware wallet that offered secure cold storage, plus the ability to spend with the convenience of a hot wallet. Due to this announcement, NEM gained fame amongst Trezor users.

NEM over the past week has been covered in several tie-ups by trading platforms as well as new programs. Irrespective of all the collaborations and promotions the coin is still running red on CoinMarketCap.

At the time of writing, XEM is traded at the price of $0.19 and a market cap of $1.7 billion. The coin has seen a fall of 1.95% in the past 24 hours and its weekly cap has a drop of 12.21%.



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Simran Alphonso is a Journalist at Ambcrypto. She has a background in Financial Markets and holds expertise in Digital Marketing.

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