The cryptocurrency market is moving very slowly today. Some of the top coins are in the red: Bitcoin (available on Coinbase) at -0.20% and Ethereum (available on Coinbase) at -0.36%. Small losses, but pretty appropriate for a day when the market is dragging its heels. However, there are very notable NEM gains happening right now.

NEM (XEM) is, without a doubt, today’s biggest winner, having grown 13% in the last 24-hour period. So, what has NEM trading in the green, especially when every other coin is pretty much asleep!?

Let’s find out!

NEM Gains

NEM (XEM) is ranked 17th on CoinMarketCap’s top 100 cryptocurrencies. And as stated, XEM is currently the best-performing digital asset of the day.

NEM currently has a market value of $999 million and an average daily trading volume $24 million. At the time of writing, NEM gains have it selling at just over $0.11 USD.

The Reason for the Move?

NEM’s bullish wave is likely due to a new partnership with Timechain Wallet. The wallet recently added support for the coin and offers holders “multiple side-chain wallets with Timechain” along with the capability to “buy and sell digital assets right from their wallets.“

The platform is described as a “useful tool for crypto assets management and an instrument for natural interaction with other blockchain-based services and users.”