NEM, or New Economy Movement, is an advanced blockchain that calls itself a ‘Smart Asset Blockchain. It is designed to provide speed and scalability, as well as an efficient way of managing assets and data at a low cost. It plans to create a blockchain that is technologically sophisticated.
We will briefly discuss the XEM prediction for 2021. XEM will be clearly shown at the end as a worthwhile investment.
NEM’s native token, XEM, has seen a significant increase in value and received a lot of attention from traders. You might also want to keep some because of the likely price movements in the future.
A Fundamental Analysis of NEM
NEM, an open-source cryptocurrency token, provides the foundational functionality for pioneering cryptocurrencies. It provides a platform to manage supply chains, ownership records, and cryptocurrencies. It offers solutions to individuals and businesses by using cryptography.
Did you know? NEM uses a unique consensus algorithm, called Proof of Importance, to verify transactions. It uses only one wallet: NANO wallet.
Yes, NEM is working to create a better blockchain by using Proof-of Importance and harvesting. PoI is different from PoW and PoS, where miners and stakers get rewarded. Instead, it gives importance to how much one invested in NEM. One will be rewarded based on how many XEM coins one has in his wallet and the length of the holding period.
NEM is the acronym for New Economy Movement. It can be traced back to 2015, when it was forked with NXT, a blockchain-based cryptocurrency and payment platform. NEM.io Foundation, a Singapore-based non-profit organization, manages the ownership records. It was created to provide NXT with a quicker alternative and is more scalable due to technical upgrades.
NEM is different from other altcoins and aims to create a more advanced, technologically advanced, blockchain that has actual business applications. NEM is often called a smart asset and blockchain that provides more functionality than its basic functionality. Its primary purpose is to provide a technology platform that allows you to easily manage assets and data at low costs through supply chains.
NEM has a circulating stock of 46,363,275.151 and a market capital of… due to this circulating stock.
NEM also has its native cryptocurrency. It is also known as XEM and has seen an increase in trading volume. It currently holds the 12th highest market cap among thousands of cryptocurrencies.
NEM Prediction 2021
XEM began the year 2021 at $0.20. The currency also began to rise dramatically. NEM may focus on software upgrades and development. This will allow it to attract more investors as well as users. It might also focus on improving its services and features. The NEM will trade at $7 by 2021.
NEM Prediction 2022
NEM could open 2022 with a trading price of $7.8. If the bulls have a greater control over the bears, the price could rise further and the market is held longer. Investors might be attracted to it by improving its specifications and making the interface more user-friendly. NEM could trade at $16 by 2022.
Prediction of the Future 5 Years
NEM could become one of the top 10 global currencies within the next five years. By implementing new technologies, it might absorb marketers and users. To enrich its protocol, it may seek partnerships with other projects. The highest NEM price at the end of five years could be $35
Market Forecast for NEM
According to WalletInvestor NEM could be a good long-term investment. It could range from $0.337 to $0.481 over the next year. The price could reach $1.269 by 2026.
DigitalCoinPrice estimates that XEM will trade on average at $0.49808 and $1.02 by 2021, respectively.
TradingBeasts estimates that the NEM price may be $0.5 by 2021, and will trade at $0.639 at 2024.
Longforecast predicts that the price will fluctuate between $0.33 and $0.43 by 2021, while it could plunge to $0.17 by 2025.
We Price Prediction
XEM began the year 2021 at $0.20. The price started rising steadily after that, which was a bullish sign. NEM could reach new heights if it focuses on collaborations. Its goal is to offer solutions for individuals and businesses, so its market capitalization and price might increase. NEM might also be able to attract more investors and users. NEM is expected to trade at $0.5-$0.6 by 2021.
Historic Market Sentiments
NEM was first traded on the crypto market in April 2015, with a value of $0.0002 according coinmarketcap. While the coin was stable throughout the year, investors did not seem to be interested in certain variations. It finished 2015 at $0.0001.
XEM began 2016 at $0.0001. The trend continued for several months, with some variations. The price slowly recovered to $0.010, and then began to fall. To end 2016, the price reached a low point of $0.003 in December.
XEM began 2017 at a very low $0.003. The currency soared to $0.23 at the end of May, and then plunged to $0.11 in July. After hitting $0.29 in September, the price remained stable for a few more months. The price soared further to $0.94 at the end of December, closing the year 2017.
NEM was a bullish coin that preceded 2018 with a price of $1.23. The coin also spiked dramatically to $2.09, and reached a new record high on January 4. The currency did not retest, and it plunged further to $0.21 in March after several South Asian nations announced that they would tighten crypto regulations. The token fell to $0.06 in December, closing the 2018 year.
NEM ended 2019 at $0.06 per share. NEM continued the year 2019 with a trading value of $0.06.
NEM began 2020 with a $0.03 trading value. This was after a significant pullback. The currency recovered steadily to $0.07 by February. It reached its support level of $0.03 in March due to the crypto market crash caused by the Covid-19 epidemic around the globe. The currency rose to $0.15 in September, and then soared to $0.28 December. It closed 2020 with a value of $0.21.
Conclusion of the NEM price prediction
This NEM price forecast summarizes that NEM is an excellent digital asset for anyone looking for a new blockchain platform with increasing scalability, speed and innovation. NEM has shown its ability to deliver incredible returns for patient investors in the past. Expert and technical analysis agree that such a price rise is possible again.
While many can see the potential of NEM, there are still many who want to know where to invest for long-term success in this innovative investment. A reputable, established trading exchange that has access to essential trading tools such as eToro is the answer.