NEM Overview: What Holds the Name

NEM emerged as a Panacea to eliminate all flaws and hurdles in the erstwhile designed currencies, and so the world got that one answer it has been looking for. NEM created an environment, an eco-space, where it massively contributed to the next evolution of blockchain by ensuring mainstream adoption. Arriving at a one-stop solution for addressing all matters concerning scalability, transparency, and power, NEM rules the cryptocurrency space with all advantages built on blockchain development. Check out the coin details before we jump to detailed NEM price prediction.

NEM Overview

Cryptocurrency NEM
Ticker Symbol XEM
Price $0.05056
Price Change 24H +7.63%
Price Change 7d -11.88%
Market Cap $456,752,149
Circulating Supply 8,999,999,999 XEM
Trading Volume $10,017,230
All Time High $2.09
All Time Low $0.0000793
NEM ROI +20916.59%

NEM (XEM): A Healthy Ecosystem

An entire team of professionals and masterminds working with utmost dedication make it possible to turn the mechanism of NEM into success. The team NEM consists of Chief Executive Officer David Shaw, Iain Wilson as Chief Financial Officer, David Mansell as Chief Operating Officer, and Dave Hodgson as Chief Investment Officer. The robust team of management experts and software engineers lends their unparalleled contribution to not only business development but also community engagement.

The NEM Foundation & Partnerships

NEM exists to fuel hope. It ensures the development of the entire community facilitating progress in the blockchain space. NEM protocol is encouraged at every level on a global footprint to enhance use cases. Some of the significant partnerships of NEM are associated with Rainforest Foundation US, which is dedicated to environmental causes.

The collaboration empowers the NEM community can now use their XEM, the original NIS1 token, to make donations to protect the rainforest. Another significant move for NEM affirms the cooperation with Digital Markets to boost decentralized digital assets by connecting their users to new and exciting opportunities in the global digital securities market.

The native token of NEM, called XEM, works on the fundamental principles of being i) lightweight, ii) affordable, iii) safe and secure, and iv) working on unified processes.

NEM: Technical Analysis: An Evaluation of Merit

Right from its foundation days to date, the token has shown drastic price somersaults on exchanges. As a cryptocurrency, no wonder the prices are always governed by different factors like market movement, trading volume, technology, etc. Hence to expect any windfall profit from NEM is entire dapps market-oriented.

Pandemic too has done its blow to NEM, and the year 2020 was a total transformation for NEM, with pessimism prevailing. However, the trend seems to be dramatically rebounding since the beginning of 2021 when the NEM price started looking back at $0.205. The new partnerships would bring NEM price to the limelight, making it the center stage for investments and a socially esteemed cryptocurrency.

The end of the year 2020 could bid a bye to all negative and pessimistic trends and predictions for the world of cryptocurrencies, especially for XEM; it could mean the start of an era of hopes and promises full of optimism. While the pivotal developments have impacted the XEM price, pushing them in a positive direction, the market seems to be holding a lot more promise in the months to come.

OSCILLATORS

Name Value Sentiment
RSI (14) 61.69 Bullish
MACD (12, 26) 0.0019 Bullish
WPR (14) −29.78 Bullish
ADI (14) 19.54 Bearish

MOVING AVERAGES

Name Value Sentiment
EMA (20) 0.102 Bullish
SMA (20) 0.099 Bullish
EMA (50) 0.104 Bullish
SMA (50) 0.103 Bullish

NEM (XEM) Price Prediction: Expert Hotline

While many crypto gurus have stated their analysis on XEM price in galore, not all forecasts are alike. While some experts like Wallet investor give an optimistic view on NEM price forecast, the others prove to be a little cautious in giving you generous liberties on XEM:

Based on our forecast, an improvement is expected, and the NEM price prognosis for 2027 is $0.355. With a 5-year investment, the revenue is expected to be around +225.09%. Wallet Investor

Today, NEM traded at $0.1087. The forecasted NEM price at the end of 2022 is $0.16 and the year-to-year change +46%. Coin Price Forecast

The NEM (XEM) price is forecasted to reach $0.2371730 by the beginning of December 2022. The expected maximum price is $0.1931954, minimum price $0.1165728. The average price during December 2022 might be around $0.1371445. Trading Beasts

According to our forecast, the NEM price might cross $0.20 by the end of the next five years, i.e., 2026. Digital Coin Price

XEM price may cross $0.29358586 level by the end of 2022 and $1.385 mark by 2026. GOV Capital

The predictions are quite positive for cryptocurrencies like XEM as the price will increase to $0.1859 by the end of 2022 with almost 63.36% change. Crypto Ground

There is a possible increase that can be predicted in XEM value, which is expected to increase to at least $0.448 by the end of 2022. Our prediction suggests that the NEM price is up for the long-term, and hence, the XEM price is forecasted to stand at $1.242 by the end of 2023. CoinSwitch

Hence, in the long-term, the NEM crypto may have large fan support, positively affecting it in terms of price and market cap, and overall ecosystem.

NEM Price Prediction 2022-2026

The current price of NEM stands around $0.1086 with a market cap of $975,384,424.23 with a trading volume of $37,701,412.20 and a circulating supply of 8,999,999,999 XEM.