The NEM price leaped to an all-time high on Friday, enabling the cryptocurrency to sneak back into the 10th spot in the market cap rankings. Earlier today, NEM announced that it will launch a mobile wallet mini-program for WeChat, China’s most popular messaging app, later this month. According to Inside NEM, an unofficial news source for the project, the NEM micro-app will be the first cryptocurrency wallet developed specifically for WeChat, although CCN was unable to independently verify this claim. The NEM price leaped more than 35 percent in response to the news, extending as high as $0.359 at the peak of the rally. This brought the NEM price roughly one cent above its previous high-water mark, which it set on August 31. At present, the NEM price is trading at $0.332, which translates into a $2.9 billion market cap. Significantly, this movement enabled NEM to creep back into the top 10 on the market cap charts, where it currently holds a minor edge on 11th-ranked cardano. NEM is notorious for its thin trading volume relative to its market cap, and that did not change during Friday’s rally. Read more here…

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