As you probably know from reading our crypto news before, NEM (XEM) is an altcoin that is known for its blockchain and dominance on the market. Aside from the crypto news, the month of March showed a lot of interest in the NEM stock news, which is an entirely different company.
This is why it is important to differentiate between the two and see which news you are reading. Below, we are sharing the differences and latest updates in both.
How Is NEM Holding Up In The Crypto Markets?
The price of NEM (XEM) has been in a downward momentum recently, falling and then balancing its losses. Currently, XEM sits at $0.036 with a 1.13% decline on the day. What is notable to add in the NEM news this month is an update from the main person behind the coin, named Alex Tinsman.
Tinsman is the president of the NEM Foundation and has been in the NEM crypto news this month, stating the following about the growth of XEM:
“BTC and XEM have been pledged as a non-monetary value trade-in. PitchIN considers the market value of the crypto tokens and assigns the equivalent number of LuxTag shares to the investors. BTC and XEM contributions were restricted to angel and sophisticated investors, and the minimum contribution by any such investor was MYR 6,400 (approx. $1,530 or 0.16 BTC). Crypto investors were required to declare that they are not retail investors.”
NEM Stock: Newmont Corporation As World’s Largest Gold Mining Corporation
The NEM stock news, on the other hand, introduce the Newmont Corporation and its NEM ticker which is trading on the stock markets – but is entirely different from the NEM (XEM) we know in the crypto news.
Newmont Corporation, known as NEM, is based in Colorado (US) and is the world’s largest gold mining company. It has been incorporated in 1921 (way before the world of cryptocurrency) and over the past month, has been up and down in terms of the stock price. In times when gold is seen as an asset that can back up many savings’ accounts in times of a crisis, NEM is trading at the New York Stock Exchange (NYSE) at a price of $45.28 at press time.
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