Price Analysis

NEM Price Analysis: XEM Surge Once Again After the Growth in May

eToro
  • NEM targets mobile users to increase the use of its mobile wallet, NEM catapult
  • NEM shows an upward trajectory once again after the growth in May

The month of June may bring many surprises for the cryptocurrencies and their enthusiasts. Some of the currencies can shine brighter than expected, and one of them is expected to be the XEM token. The firm has been increasing the mainstream usage of the currency by making it one of the alternate payment options. The recent modifications in the mobile wallet may just speed up the process. The current market data paints a growth picture.

NEM Coin Statistics:

NEM price chart - June 03

As on June 3, 2019, at 08:08:09 UTC, the price of the NEM coin is trading at $0.092 and 0.00001087 BTC. The 24h volume has now reached $31,815,505, and the market cap is recorded at $829,055,593. The coin had shown almost 100% uptrend in the last 25 days when NEM price was trading at over $0.046. At the beginning of May, the coin value peaked exponentially from $0.046 to $0.104 post, which there has been a slight fall in the price. But it is surging once again now. NEM currently holds the 20th position in the global ranking and is moving at a faster rate to outrun its competitors. The current ROI of >9000% and the circulating supply of over 8,999,999,999 XEM are indicators of an upcoming bull run.

NEM Price Prediction:

The highest recorded value of XEM coin was in January 2018 at $2 and at this time XEM price is far behind this value. The year started with a price of $0.06, and then it fell drastically to almost hit $0.03. In the last 30 days, there has been growth. If the current trend continues, the price of XEM coin can cross the $0.3 mark by the end of 2019 and can grow as high as $5 by the end of next two years if performs with its total capacity in the bullish zone.

XEM Coin Conclusion:

This is a good time to invest in XEM for those aiming for long term returns. The coin is currently trading at a very low price, and hence buying in bulk is the right option.

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.

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