Cryptocurrency Price Prediction

NEM Price Prediction: Will The XEM Price Hit $1 In 2022?

Written by: Elena R

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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Apr 23, 2022

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NEM or New Economy movement is an advanced blockchain which calls itself a ‘Smart Asset Blockchain’. The platform is built to address scalability and speed. Which seeks an efficient way to manage assets and data easily at a competitive cost. It intends to develop a blockchain that is technologically advanced.

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.

Are you considering XEM for your investment portfolio? Look no further, as, in this article, we will briefly discuss the XEM price prediction for 2022 and beyond. By the end of this read, you will have a clear picture of whether NEM is a good investment. 

Overview

Cryptocurrency.NEM.
Token.XEM.
Price.$0.1214.
Market Cap.$1,092,992,947
Trading Volume.$1,092,992,947
Circulating Supply.9.00B XEM
All-time high.$1.87 January 7th, 2018.
All-time low.$0.0001  September 5th, 2015.

NEM (XEM) Price Prediction For 2022

Potential LowAverage PricePotential High
$0.2268$0.3117$0.3970

 The new year for NEM was not really great, as the asset had commenced traversing back to its initial lows. The price of XEM on the very first day of the year was seen at $0.122. Ranging to the south, the price of the altcoin, hit its multi-month low of $0.0884, by the 22nd of January. As the bulls took in charge of the digital asset. The price soared to $0.1217, by the 10th of February. 

But a downtrend thereafter, resulting from the anxiety of FED’s rate hike. And the geopolitical tensions between Russia and Ukraine took the price to $0.0921. Following weeks of volatility, an uptrend starting on the 16th of March, helped NEM close the quarter’s trade at $0.1266.

NEM’s (XEM) Price Prediction For Q2

The price of XEM has slipped since the first week of the quarter and has reached its support levels at $0.0945. Following a spike in volumes, the asset could establish grounds at $0.1223. A notable surge from which, could push the price to its potential high of $0.1415. Whilst an equilibrium in buying and selling pressures would land the price at $0.1266. That said, crumbling down the price could find support at $0.1007.

NEM’s Forecast For Q3

 Carrying forward a bullish projection from the second quarter, the price of XEM could surge to $0.1755. Seeking impetus from developmental initiatives, collaborations, and adoptions, the price of XEM could hit a maximum of $0.2158

Conversely, negative criticism and the protocol failing to stick to its terms could result in a slip down to $0.1439. Successively, a linear price projection will settle the price at $0.1776.

XEM’s Prediction For Q4

 A bullish start to Q4 in the industry, will also NEM to claim a maximum of $0.3970, by the year-end. Whilst bears out-running the bulls could result in a trend reversal, that would slash the price to $0.2268. Considering the bullish and bearish targets, the average price could settle at $0.3117.

XEM Price Forecast For 2023 

As there has been an increase in the adoption of the NEM protocol. The asset looks optimistic in the market and it is all set to integrate its blockchain into several applications. The mass rise in the interest would yield in the trades. As a result of which, the prices by the end of 2023, could rise up to $0.975. In contrast, the altcoin falling prey to the bears could result in a fall of the price to $0.3145.

Price Prediction For The Next Five Years

 In the next 5 years, NEM could be ranked among the top 50 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. Wherefore, by the end of 5 years, the highest NEM price could be $2.139. That said, emerging rivals and ebbing stance could lead to a fall to $1.022.

YearPotential LowPotential High
2023$0.3145$0.975
Next 5 Years$1.022$2.139

What Does The Market Say?

Long Forecast:

  Long Forecasts made price predictions for NEM. For the year 2022, it predicts that the XEM price may reach a maximum of $0.079. While citing the average and minimum possibilities to occur at  $0.066 and $0.061. The firm expects that the coin’s price might hit a maximum of $0.033 by the end of 2025.

Digital Coin Price:

  A crypto prediction website has reupdated its price prediction for NEM. According to its recent forecast, the price is expected to close its trading at a maximum of $0.13 by 2022. The firm has also made forecasts for the long term. It anticipates the altcoin to close its trade for 2023, with a maximum trading value of $0.16. And 2025, with its potential high of $0.20. 

Wallet Investor:

  The platform has revised its forecast, for NEM. The website predicts that the XEM price will hover at an average price of $0.256, by the end of 2022. Whilst the minimum and maximum targets could occur at $0.059, and $0.46. According to its forecast, the altcoin could soar to a maximum of $0.702, by the end of 2025. And a trend reversal could also flip the price to a minimum of $0.067. 

Gov.Capital:

  According to Gov.Capital, a popular economy forecast agency. The NEM price will hit the $0.115 average price level by the end of 2022. The website has also made a bullish prediction, it expects the price to boom up to $0.132 by the end of 2022. As per the prediction, NEM’s price is anticipated to hit a maximum of $0.7012, by the end of 2025.

Click here to read our price prediction of Kusama (KSM)!

What Is NEM (XEM)? 

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, the NANO wallet.

NEM aims to build a better blockchain using Proof-of-Importance and harvesting. Unlike PoW, PoS where the miners and 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. 

Fundamental Analysis

NEM was founded in the year 2014 by three developers renowned for their pseudonyms on the Bitcointalk.org forum. The pseudonyms goes as Jaguar0625, BloodyRookie, and gimre. Since its advent, the platform has evolved from a private project of three programmers. To a large platform comprised of the majority of platforms.

NEM group has created a team of well-versed representatives and institute veterans. Who recognized that a simplified structure of the platform would be advantageous to the entire ecosystem. 

Our Price Prediction

  New Economy Moment (NEM) intends to enhance the use of blockchain services and cryptography to facilitate solutions for institutions. As per Coinpedia’s Formulated NEM price prediction. The protocol could form a new height if it significantly concentrates on collaborations. That said, we can expect the year to close at $0.4. On the flip side, stiffer competition, and the protocol fading could land the price at $0.22.

As it aims to provide solutions for businesses and individuals, its price and market capitalization is likely to intensify. And it might lure more users and investors. By the end of the next five years, NEM is assumed to be trading at its potential high of $2.1.

Historic Market Sentiments

2015

 NEM made its occurrence in the crypto market on April 01st, 2015 with a trading value of $0.0002. The coin remained stable with certain variations throughout the year, as it failed to capture the minds of investors. Successively, it ended the year 2015 with a low price of $0.0001.

2016

 XEM entered the year 2016, with a bearish note, and with a price tag of $0.0001. The price continued the same trend for several months with certain variations. Later the price steadily rallied to $0.010 but also started to decline. The price arrived at a low of $0.003 by December to end the year 2016.

2017

 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 but plunged to $0.11 by July. The price hit $0.29 by September and managed to remain stable for a few months. Further, the price initiated an upward trajectory and surged significantly to $0.94 by the end of December.

2018

  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 the 4th of January. However, the currency failed to retest and the price further plunged to $0.21 by March. As several South Asian nations announced to tighten the crypto regulations. Later the token started a downtrend and arrived at as low as $0.06 to conclude the year.

2019

  NEM continued its trade for 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. Finishing the year’s trade. 

2020

  NEM started the year 2020, with an extensive pullback, and 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 a 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 with an exchange value of $0.21.

2021

  XEM commenced the year 2021 with a low price of $0.20. The currency started to rise dramatically, thereafter, and hit the peak at $0.764, by the 22nd of February. But a pullback costed the XEM’s price 44% in gains, which took the price to $0.4194. However, the digital asset portrayed a V-shaped recovery to reach $0.857, by the 3rd of March. 

The bullish stance was short-lived again, as massive sell-offs led to a 62% plunge to $0.33 levels. After ranging sideways until the 4th of April, NEM’s price posed a short-term leg-up to $0.472, by the 18th of April. But a slip down called for another downtrend, which took the price to $0.1159, by the 15th of July.

Later an uptrend took the price to $0.2410, by the 6th of September. A fall from which landed the price at $0.1349, on the 29th of September. NEM initiated a climb with the start of the fourth quarter. And brushed the tips of $0.227, by the 6th of November. Howbeit, a downswing led to the annual closure at $0.1303.

To read our price prediction of FTX (FTT) click here!

FAQ

Q: What makes NEM a unique currency?

A: NEM is a unique cryptocurrency, as it uses its own Proof of Importance consensus algorithm.

Q: What is NEM Token’s all-time high? 

A: NEM had its All-time high of $1.87 on January 7th, 2018. 

Q: Can NEM be mined?

A: No, NEM is a non-mineable cryptocurrency.

Q: Is NEM worth investing in?

A: Yes, NEM is a good investment if you are thinking of investing for the future.

Q: Where can I trade NEM?

A: NEM can be traded at the exchange platforms like Bithumb, VCC Exchange, Poloniex, and many more.

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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