NEM Overview: What Holds the Name
NEM emerged as a Panacea to eliminate all flaws and hurdles in the erstwhile designed currencies, and so the world got that one answer it has been looking for. NEM created an environment, an eco-space, where it massively contributed to the next evolution of blockchain by ensuring mainstream adoption. Arriving at a one-stop solution for addressing all matters concerning scalability, transparency, and power, NEM rules the cryptocurrency space with all advantages built on blockchain development.
|Price Change 24H||-7.18%|
|Price Change 7D||-1.11%|
|Circulating Supply||8,999,999,999 XEM|
|All Time High||$2.09|
|All Time Low||$0.000079|
NEM (XEM): A Healthy Ecosystem
An entire team of professionals and masterminds working with utmost dedication make it possible to turn the mechanism of NEM into success. The team NEM consists of Chief Executive Officer David Shaw, Iain Wilson as Chief Financial Officer, David Mansell as Chief Operating Officer, and Dave Hodgson as Chief Investment Officer. The robust team of management experts and software engineers lends their unparalleled contribution to not only business development but also community engagement.
The NEM Foundation & Partnerships
NEM exists to fuel hope. It ensures the development of the entire community facilitating progress in the blockchain space. NEM protocol is encouraged at every level on a global footprint to enhance use cases. Some of the significant partnerships of NEM are associated with Rainforest Foundation US, which is dedicated to environmental causes.
The collaboration empowers the NEM community can now use their XEM, the original NIS1 token, to make donations to protect the rainforest. Another significant move for NEM affirms the cooperation with Digital Markets to boost decentralized digital assets by connecting their users to new and exciting opportunities in the global digital securities market.
The native token of NEM, called XEM, works on the fundamental principles of being i) lightweight, ii) affordable, iii) safe and secure, and iv) working on unified processes.
NEM: Technical Analysis: An Evaluation of Merit
Right from its foundation days to date, the token has shown drastic price somersaults on exchanges. As a cryptocurrency, no wonder the prices are always governed by different factors like market movement, trading volume, technology, etc. Hence to expect any windfall profit from NEM is entire dapps market-oriented.
Pandemic too has done its blow to NEM, and the year 2020 was a total transformation for NEM, with pessimism prevailing. However, the trend seems to be dramatically rebounding beginning of 2021 when the NEM price started looking back at $0.205. The new partnerships would bring NEM price to the limelight, making it the center stage for investments and a socially esteemed cryptocurrency.
The end of the year 2020 could bid a bye to all negative and pessimistic trends and predictions for the world of cryptocurrencies, especially for XEM; it could mean the start of an era of hopes and promises full of optimism. While the pivotal developments have impacted the XEM price, pushing them in a positive direction, the market seems to be holding a lot more promise in the months to come.
NEM (XEM) Price Prediction: Expert Hotline
While many crypto gurus have stated their analysis on XEM price in galore, not all forecasts are alike. While some experts like Wallet investor give an optimistic view on NEM price forecast, the others prove to be a little cautious in giving you generous liberties on XEM:
Wallet Investor: Based on our forecast, an improvement is expected, and the NEM price prognosis for 2026 is $1.269. With a 5-year investment, the revenue is expected to be around +272.14%.
Coin Price Forecast: NEM price started in 2021 at $0.2193. Today, NEM traded at $0.3440, so the price increased by 57% from the beginning of the year. The forecasted NEM price at the end of 2021 is $0.73 – and the year-to-year change +233%.
Trading Beasts: The NEM (XEM) price is forecasted to reach $0.55 by the beginning of December 2021. The expected maximum price is $0.67, minimum price $0.48. The average price during December 2021 might be around $0.52.
Digital Coin Price: According to our forecast, the NEM price might cross $1.18 by the end of the next five years, i.e., 2026.
GOV Capital: XEM price may cross $0.37 level by the end of 2021 and $1.5 mark by 2025.
Cryptoground: The predictions are quite positive for cryptocurrencies like XEM as the price will increase to $0.40 by the end of 2021 with almost 17% change.
CoinSwitch: There is a possible increase that can be predicted in XEM value, which is expected to increase to at least $0.448 by the end of 2021. Our prediction suggests that the NEM price is up for the long-term, and hence, the XEM price is forecasted to stand at $1.242 by the end of 2023.
Hence, in the long-term, the NEM crypto may have large fan support, positively affecting it in terms of price and market cap, and overall ecosystem.
NEM Price Prediction 2021-2025:
The beginning of the year 2021 has set the stage for investment in XEM crypto in terms of price. The current price of NEM stands above $0.33 with a market cap of $3,009,967,873 with a trading volume of $230,028,936 and a circulating supply of 8,999,999,999 XEM.
Since the beginning of this year, the XEM/USD has recorded massive improvement as in the month of March, it has recorded a significant rise and crossed the $0.85 mark. However, it faced a sharp decline after facing rejection at $0.76 and fell to $0.33. Later, the value of XEM marked a flattish trend, and in the previous week, it reflected a slightly positive price change. Now, let’s look at the price prediction of NEM crypto.
NEM Price Prediction 2021
Surprisingly the year of 2021 could turn trade tables for NEM (XEM) as it has initiated the launch of PAX stable coin on its blockchain. This would substantially speed up and support the actual business applications on NEM. The coin has started to recover after facing a price decline recently. The current price of XEM is around $0.33, and it reflects a possible upside movement towards its previous high. By Luck, it could even raise $0.50 by the end of 1 year as per the latest crypto news and historical data.
NEM Price Prediction 2022
With more and more investors buying XEM crypto since the last year, the investment in the trade may only add up to the price of XEM exponentially in the market and integrate its blockchain on many applications. The mass adoption could result in an investment rise in prices by the end of 2022, taking it to $0.62.
NEM Price Prediction 2023
Even though experts forecast the NEM crypto trade scaling an average peak price of $0.72 by the end of May 2023. Moreover, it may focus on certain partnerships and technological advancements to strengthen its ecosystem during this period. It would be safer to bet the NEM at $0.80 by the end of 2023.
NEM Price Prediction 2024
The price forecasts of various experts do not deter NEM crypto from outperforming the rivals by any means. The NEM community has set higher benchmarks for itself, notwithstanding. The NEM shall surpass the price expectations of all cryptocurrency investors who have found this platform extremely interactive and uncomplicated, taking the currency price up to $1.
NEM Price Prediction 2025
The important technical upgrades and product launches might be set to unveil, backed by multitudes of ecosystems. It would not be an exaggeration to find that NEM would increase in the price range of $1.2 to $1.5 though the same can’t be called a very overstated and buoyant reach for 2025.
Is NEM a good investment in 2021?
As a matter of fact, yes. NEM is a brainchild of masterminds who have studied and worked on blockchain for years. NEM is set to make a radical difference to the entire cryptocurrency space with a well-thought roadmap and vision. NEM shall break all barriers remaining a favorite token on the crypto exchanges. On a pessimistic scale, this digital asset, even though it may not blow the roof for the price but will surely stand firm feet on the ground on any exchange.
How does NEM gain significance in the market?
It is nothing but the trust of investors that has made an upward surge in the price of XEM compared to other coins like Ethereum and Bitcoin. Proving its merit against competitors, NEM has withstood the test of time and is worth investor’s hard-earned money, as shown in the data.
Can NEM make me rich in the near future?
No false promises. At the same time, no despair as well for the future. It all boils down to mass adoption. Investors have to do thorough due diligence of the product before investing the amount. You need to invest wisely and strategically.
Is the NEM Network Safe?
Yes. NEM uses Ed25519 public-key signature system and the SHA3 hash algorithm to secure its network.