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, 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 2022 and beyond. You will have a clear picture at the end of 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.
|Circulating Supply.||9.00B XEM|
|All-time high.||$1.87 January 7th, 2018.|
|All-time low.||$0.0001 September 5th, 2015.|
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.
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 was founded in the year 2014 by three developers renowned by their pseudonyms on the Bitcointalk.org forum that is 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.
NEM Price Prediction 2022:
NEM Price Prediction Q1: The new year for NEM price was not so great as the asset is traversing back to its initial levels. Currently, there appears to be dominance in selling pressures as the XEM price reached a multi-month low of $0.1202. If the heavy correction continues for the next couple of weeks then the asset would reach 2020 bottoms around $0.07. However, bulls are expected to trigger those bottoms to commence a bull rally. With certain fluctuations, the asset is expected to claim a maximum of $0.25.
The rest of the year appears very challenging for the asset as there are potential threats of US inflation. However, if it attains the minds of investors by enhancing its specifications and making it user-friendly. At the end of 2022, NEM could be traded at $0.35.
NEM Price Prediction 2023:
As there has been an increase in the adoption of the XEM protocol, the asset looks optimistic in the market and it is all set to integrate its blockchain on several applications. The mass rise in the interest would yield in the trades and prices by the end of 2023 to rise up to $0.62.
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 $1.
Market Prediction for NEM
Longforecasts made a bullish prediction for NEM. They expect up to three-digit growth prices in the upcoming years. For the year 2022, they predict that the XEM price may reach a maximum of $0.09. The average and minimum possibilities are being $0.08 and $0.07. They hope that the coin price might hit a maximum of $0.03 by the end of 2025.
A crypto prediction website has reupdated its price prediction for NEM, they forecast that the price is expected to close its trading at $0.1677 by 2022. In 2023-2024, an average price close to $0.1977 to $0.2222 is predicted.
The platform revised its forecast, they expect the Pancakeswap price is going to reach a decent price level of $0.4088 by the end of 2022. The website predicts that the XEM price will hover at an average price of $0.2078 in the same year. According to their forecasts, the altcoin could soar to a maximum of $1.019 and would flip to a minimum of $0.0377 by 2025.
According to Gov.Capital, a popular economy forecast agency, the NEM price will hit the $0.188 average price level by the end of 2022. The website has made an extremely bullish prediction, they expect that the price will boom up to $0.2162 by the end of 2022. They forecast that the XEM price will stumble and try to consolidate around $0.4013 by the end of 2023, and will hit a maximum of $1.117 by the end of 2025.
Our Price Prediction
New Economy Moment (NEM) intends to enhance the use of blockchain services and cryptography to facilitate solutions for institutions in the upcoming years.
As per Coinpedia’s Formulated NEM price prediction, on a bullish note, the price is expected to take a decent upward move in 2022. Further, the protocol 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 2025, NEM is assumed to be traded at $1 to $1.5.
|Year.||Potential High.||Potential Low.|
Historic Market Sentiments:
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 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 the 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 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 2020 with an exchange value of $0.21.
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 up-gradation 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 is likely to commence with a bull rally of late, as the asset is at its crucial bottom of $0.1214 it would be the right opportunity to buy and hold.
NEM is a unique cryptocurrency, as it uses its own Proof of Importance consensus algorithm.
NEM has its All-time high of $1.87 on January 7th, 2018.
No, NEM is a non-mineable cryptocurrency.
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.