NEM (XEM) Price Analysis: Will Launch Of NEM Version 2.0 Kickstart The Bull Run?

• One of the leading blockchain application platforms.
• Has an innovative consensus algorithm.
• Added by Exodus on its desktop platform.
• Launch of NEM version 2.0; created a lot of buzz amongst investors.
• Strategic tie-up with VNX Exchange; set to change the whole security token set-up.
• Circulating supply is at 8,999,999,999 XEM.

The fundamentals of the coin are very strong, one reason for investors to back this coin. The recent developments concerning Exodus listing and launch of NEM version 2.0 have created a lot of excitement in the crypto market. It has also entered into a strategic collaboration with VNX Exchange, with a vision to revamp the creation of security tokens on the blockchain; this will set a standard for future security tokens. These factors are making investors aware of the strong potential of the coin, and they are considering it as a good investment bet. Current statistics are also indicating that the coin should slowly move towards stability.

NEM(XEM) is a peer-to-peer blockchain based cryptocurrency and a development platform, with an innovative consensus algorithm – which ensures that the coin can grow with stability. Ensures secured transactions at high speed and low cost.

Current Statistics:

As on May 14, 2019, at 15:14:02 UTC, the market price of XEM is 0.061450 USD. Price is up by 8.69 % from the last closing price. Current market cap is around 552,269,686 USD, 24 h volume is at 33,556,707 USD and ROI is a galloping >9000%. NEM is currently ranked number twenty-two in the crypto market. 52 Week High/Low price is 0.371488 USD/ 0.034314 USD. As on April 14, 2019, at 16:19:01 UTC, the price was 0.066128 USD. The downward movement in the price over the last month was to the extent of 7.07%.

NEM Price Prediction:

According to NEM forecast, NEM price has been fluctuating over the past few months, but with recent positive developments, the price should stabilize. Institutional investors are showing an interest in the coin after the launch of NEM version 2.0 and tie-up with VNX Exchange. The coin is showing a bright growth prospect for the long term, and analysts have a positive feeling about the coin. They predict that the coin should touch around 5 USD by the end of 2019. Short-term investors, who are risk-averse are advised to be cautious. Long term investors should go all ahead and buy the coin.