NEM Price Prediction, Will The XEM Price Hit $1 In 2021?
NEM or New Economy movement is an advanced blockchain which calls itself an ‘Smart Asset Blockchain’. The platform is built to address scalability and speed, seeking an efficient way to manage assets & data easily at a comparative cost. It intends to develop a blockchain that is technologically advanced.
In this article, we will briefly discuss the XEM price prediction for 2021 and beyond. You will have a clear picture at the end whether XEM is a good investment.
XEM is the native token for NEM which has grown notably in recent times and hence gained lump sum attention from traders. Moreover, the probable upcoming price movements may tend you to hold some in your portfolio.
Table of contents
|Circulating Supply||8,999,999,999 XEM|
|All Time High||$2.09 (January 04, 2018)|
|All Time Low||$0.0000793 (September 15, 2015)|
Fundamental Analysis of NEM
NEM is an open source cryptocurrency token that builds the basic functionality of pioneering cryptocurrencies. It delivers a platform for supply chains, ownership records and cryptocurrencies. It provides solutions for businesses and individuals by using cryptography.
Do you know? NEM uses a unique consensus algorithm called Proof of Importance to verify transactions and uses one wallet, NANO wallet.
Yes, NEM aims to build a better blockchain using Proof-of-Importance and harvesting. Unlike PoW, PoS where the miners & stakers are rewarded, PoI gives importance to how much one has invested in the NEM ecosystem. The more XEM coins in the wallet and the long holding period, one will be rewarded accordingly.
NEM Price Prediction 2021
XEM commenced the year 2021 with a low price of $0.20. Further the currency dramatically started to rise. NEM might focus on certain developments and upgradation of its software and anticipated to attain more users as well as the investors. It may also concentrate on the improvements of its features for seamless services. By the end of 2021, the NEM is anticipated to trade at a high price of $7.
NEM Price Prediction 2022
NEM might open the year 2022 with a trading value of $7.8. The price might escalate further if the bulls establish a control over the bears and hold the market for a longer time. It might attain the minds of investors by enhancing its specifications and making it user friendly. At the end of 2022, NEM could be traded at $16.
Price Prediction For the Next 5 Years
In the next 5 years, NEM could be ranked among the top 10 currencies in the world. It might absorb the marketers and users by implementing the newer technologies. It may focus on certain partnerships with other projects to enrich its protocol. By the end of 5 years, the highest NEM price could be $35.
Market Prediction for NEM
According to WalletInvestor, NEM is a good long term investment and could go from $0.337 to $0.481 in the coming year. Moreover the price may reach $1.269 by the end of 2026.
According to DigitalCoinPrice, XEM would trade at an average of $0.49808 by the end of 2021 and $1.02 at the end of 2025.
According to TradingBeasts, the NEM price could be $0.5 at the end of 2021 and would be trading at $0.639 by the end of 2024.
According to longforecast, the price may trade in between $0.33 to $0.43 by the end of 2021 and by the mid of 2025, the price may plunge to $0.17.
Our Price Prediction
XEM initiated the year 2021 with an exchange value of $0.20. On a bullish note, the price steadily started to rise after. NEM could form a new height if it significantly concentrates on collaborations. As it aims to provide solutions for businesses and individuals, its price and market capitalization might likely intensify and it might obtain more users and investors. By the end of 2021, NEM assumed to be traded at $0.5 to $0.6.
NEM Technical Analysis
NEM made its occurrence in the crypto market on April 01 2015 with a trading value of $0.0002 according to coinmarketcap. The coin consistently remained stable with certain variations throughout the year it failed to capture the minds of investors. It ended the year 2015 with a low price of $0.0001.
On a bearish note, XEM entered the year 2016 at a price of $0.0001. The price continued the same trend for several months with certain variations. Later the price steadily recovered to $0.010 and started to decline. The price arrived at a low of $0.003 by December to end the year 2016.
XEM opened the year 2017 with a significantly low price of $0.003. Later the currency dramatically soared to $0.23 by the end of May and plunged to $0.11 by July. The price again hit $0.29 by September and managed to be stable for a few months. Further the price incited an upward trajectory and significantly surged to $0.94 by the end of December and closed the year 2017.
On a bullish note, NEM preceded the year 2018 at a high price of $1.23. Further the coin drastically spiked to $2.09 and registered a new all time high on 4 January. However, the currency failed to retest and the price further plunged to $0.21 by March as the several south asian nations announced to tighten the crypto regulations. Later the token started a downtrend and arrived at as low as $0.06 by December to conclude the year 2018.
NEM continued the year 2019 with a trading value of $0.06. The currency did not perform well as the market was completely under the control of bears and hovered between $0.04 and $0.09 throughout the year and further dropped to $0.03 by December and finished year’s trade.
With an extensive pullback, NEM started the year 2020 at a trading value of $0.03. Later the currency steadily recovered to $0.07 by February and the currency arrived at its support level at $0.03 by March as a part of crypto market crash due to the Covid-19 outbreak around the world. Effectively, the currency climbed to $0.15 by September and further boosted to $0.28 in December and closed the year 2020 with an exchange value of $0.21.
No, NEM is a non mineable cryptocurrency.
NEM is a unique cryptocurrency, as it uses its own Proof of Importance consensus algorithm.
Yes, NEM is a good investment if you are thinking of investing in the future.
NEM can be traded at the exchange platforms like Bithumb, VCC Exchange, Poloniex and many more.