One of the quieter cryptocurrencies near the top of the market capitalization list is NEM, which stands for New Economy Movement.* Its token, XEM, is consistently a popular asset for ‘platform lovers’.
NEM itself is a blockchain technology, much like Ethereum, with its base token being XEM. XEM performs the same functions on the NEM blockchain as ETH does on Ethereum. Other tokens could potentially be launched on NEM and even have a higher value than it does, depending on their application.