Price Analysis

Nem Price Analysis: NEM (XEM) Future Plans Look Promising For The Long Term Sustenance Of Coin

eToro
  • NEM increases its visibility by strategic investment leading to XEM mass adoption.
  • XEM coin continues in the $0.08 range showing a steady trend.

NEM has been on the popularity chart since the beginning of 2019 and is showing a consistent upward movement with only a few patches here and there. The coin has resumed back to the rising trend now and may cross the $0.1 mark once again by the end of the week. Additionally, NEM has announced an investment in a carpooling service provider called Mobi in Australia to increase its global presence and get noticed. The whole idea is to increase the demand for NEM coin, leading to mass adoption. As per the current market trend, it may not be an unrealistic dream.

NEM Coin Statistics:

NEM coin has shown almost 80% uptrend in the current price when compared with XEM price observed in the last 30 days. The coin value is increasing with each passing day with only a few downward movements which seem to be just a way to gain maximum pace and strategize the current market position, as it is one amongst the top 20 coins.

NEM Price Chart - 5 June

Particulars Statistics
NEM Coin Price (USD) 0.082
XEM Coin Price (BTC) 0.00001066
Market Capitalization 744,809,650
24h volume 41,134,011
Circulating Supply 8,999,999,999 XEM
Return on Investment >9000%

In the last one month, the NEM price has grown from $0.046 to almost $0.083 and attained a peak moment at $0.10. In the last 24 hours, there has not been any major change in the coin value, and it moved between $0.088 and $0.079. With a Market Cap of over $775 million now, XEM coin is climbing up the coin ladder and gaining interest from major market players.

NEM Price Prediction:

XEM coin has a bright future, and it may cross $0.3 mark by the end of 2019; however, it can take a little longer to beat its all-time high value of $2.

Conclusion:

NEM coin will last longer and has a huge sustenance capability. With an ROI of more than 9000%, the coin offers huge dividends, and investment now is a good opportunity.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

Related Articles

Back to top button