At present, according to NEM (XEM) traded up to 9.12% against the U.S. dollar. XEM has a total market capitalization of $ 452.93 M and approximately $29.92 million worth of NEM was traded on exchanges in the last 24 hours. One XEM coin is now worth of $ 0.05027 on exchanges including Liquid, COSS, BTC-Alpha, and Cryptopia.
Although, the coin was hindered at the beginning of the year between financial struggles of the project, NEM is now the 20th largest coin.
Recently, NEM team has decided to re-structure its organisation that allows overcoming restructure and support further development. However, the plan is accepted by the community, even though some tough decisions made by the team including staff reduction.
Also, the project secured financing in the amount of $8M and approved the release of 210M XEM tokens from reserves. Moreover, this move is supposed to fund the operations of the team from February 2020.
NEM Foundation president Mr. Alexandra Tinsman,…