As long as Bitcoin is enjoying the bullish trend, there might be a good opportunity for most of the altcoins to follow the same momentum. Although the gains for most of the altcoins are minor with few exceptions within the top 50 of market cap. NEM coin also referred to as XEM coin is a perfect example. NEM coin price is moving up strongly with 13% growth.
XEM price has increased by 13.47% against USD and trading at $0.068941 USD . In terms of XEM/BTC the price spiked up by 13.08% with trading value 0.00000861 BTC.
Currently, the XEM coin is ranking in 22nd position, holding market cap $620,467,924 USD with $22,090,426 USD 24 hour volume and 8,999,999,999 XEM circulating supply.
Previously, over past few months NEM coin price has been fluctuating, but with recent positive developments, the price is showing some minor growth.
Recently, the platform launched NEM version 2.0. The platform claims that it is supported by smart contract plugins that provide the engine to be compatible with both the private and public networks. Additionally, it is more efficient and faster.
On the other hand, The Nem Platform has tied-up into a strategic partnership with VNX Exchange, with an objective to revamp the creation of security tokens on the blockchain, which will set a standard for future security tokens.
On May 13th the XEM coin was listed on magnum wallet.
Overall, these factors made many investors to show a huge interest in XEM coin. The coin is showing a bright growth prospect for the long term, and analysts are optimistic towards XEM coin price.