NEM Price Analysis today ( 02/05): XEM Bulls Enter the Market

The MACD and other technical Reports lean towards a Bullish trend. 

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Launched in March 2015 NEM(XEM) stands for NEW ECONOMY MODEL ( XEM) holds the 27 ran in coinmarketcap with a current market Supply worth $38,22,28,000 USD. It’s a two-layered blockchain with a POI (Proof of Importance ) Consensual model. 

NEM is also called as XEM for trading Identity and as an official cryptocurrency of NEM organization. 

In the Early Stage

  • NEM had a Good opening and recognition as a digital coin in the Japan region only, further taking to list of Asia’s top Cryptocurrency list in 2 years 
  • The mining of NAME is also popular for its unique distribution with financial support. 

NEM (XEM ) Price Statics

NEM had the launch supply of 8,999, 999,999 XEM with an initial market cap of $407,147,499 USD. If one has invested in NEM in the launch the ROI would be 9000% high. 

Currently, NEM(XEM) is trading at $0.042470 against US dollars. 

NEM’s all-time high of $2.09 was in Jan 2018 and the last traded at $0.000079 back in Sept 2015. In the last 7 days, the price traded Swung from $0.045610 USD / XEM to $0.037670 USD/ XEM.

In the Last 24 hours, the asset managers to trade from as high as $0.043184 USD to as low as $0.041000 USD with a 24-hour trade volume

Also, read price Analysis of your favorite cryptocurrencies

The Price Chart

After the March performance when it finally managed to break the sustainability above the price level of $0.030 the market continued with a new RSI of $0.040 which was hit on 4th April and made a serious bullish correction to 6% low. 

It was on April 27th the price surged back to $0.040 and took the bull ride again passing a small bullish ride. 

Currently, the Assets are 1% high on 24 hours trading volume of $1,11,60,385 USD and is the doesn’t seem to stop low. The reports are bullish and the Asset can reach the next price level of $0.05.  

The Support is at $0.309 below which the bulls will have a play but with various support at $0.045, $00.47. $0.005.

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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