NEM Price Climbs to 9-Week High As Coincheck Brings Back Trading
NEM surged 25 percent today to reach its highest price since early September while accumulating its most 24-hour trading volume in over three months.

New Economy Movement (NEM) hit a nine-week price high on Monday despite a neutrally toned cryptocurrency market.
That market development coincided with a more than three-month high in 24-hour trading volume the same day, according to data collected by CoinDesk. The world's 17th largest cryptocurrency by market capitalization rose to $0.114 at 09:15 UTC – its highest price since Sept. 5, while accumulating more than $45.6 million in 24-hour trading volume. That latter figure represents the most volume since July 29, according to CoinMarketCap.
It's worth noting that NEM's price jumped to a peak 25 percent amid news that trading of the token is being re-enabled on Tokyo-based cryptocurrency exchange Coincheck for the first time since 500 million NEM tokens were stolen from Coincheck's digital wallets on On Jan. 26th, 2018.
The price of NEM began to spike at approximately 8:15 UTC, roughly 45 minutes before Coincheck posted a public announcement regarding the re-enabled trading at 9:01 UTC.
NEM was last seen at an average price across exchanges of $0.107, up more than 16 percent on the day.

Further, NEM's market capitalization reached $1.02 billion earlier today – its highest value since September 5th.
Other major cryptocurrencies are printing modest gains with seven of the ten largest by market capitalization reporting positive 24-hour price developments. Names like Monero
The total capitalization of the cryptocurrency market now stands at $213.4 billion.
Disclosure: The author holds BTC, AST, REQ, OMG, FUEL, 1st and AMP at the time of writing.
roller coaster image via Shutterstock
Більше для вас
Strategy's STRC returns to $100, poised to unlock more bitcoin accumulation

The perpetual preferred STRC hits $100 par amid bitcoin downturn, enabling potential further BTC purchases for the company.
Що варто знати:
- Stretch (STRC) reclaimed its $100 par value for the first time since mid-January, a move that enables Strategy (MSTR) to resume at-the-market offerings for additional bitcoin purchases.
- The preferred equity stabilized near par despite recent bitcoin volatility, supported by a monthly dividend rate that Strategy recently increased to 11.25%.











