Gate News Bot message, July 23, according to CoinMarketCap data, as of the time of writing, XEM (NEM) is currently priced at $0.00, with a rise of 75.29% in the last 24 hours, reaching a high of $0.00 and a low of $0.00. The current market capitalization is approximately $403,000, an increase of $173,000 compared to yesterday. NEM is a peer-to-peer cryptocurrency and blockchain platform. The NEM blockchain software is designed for enterprise-level solutions in various industries such as financial services, the Internet of Things, and asset management. NEM uses a unique proof of stake consensus mechanism known as Proof of Importance (POI). Important news about XEM recently: 1️⃣ **Bitcoin's rise drives XEM price pump** In January, the price of Bitcoin rose significantly by 30%, driving multiple cryptocurrencies including XEM.