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NEM (XEM)

Market Cap

$483,710,051 USD

Volume (24h)

$38,250,992 USD

5.4
SAFETY

Ranking factors:

  • Markets

    How many exchanges are there to trade this coin?

    NEM Markets Rank: 18/100

  • Volume Ratio

    How actively is this asset being traded on the market?

    NEM Volume Ratio Rank: 8/100

  • Market Cap

    The total cost of all coins available.

    NEM Market Cap Rank: 99/100

  • 24h Change

    Is the price moving up or down?

    NEM 24h Change Rank: 50/100

  • Social Following

    How many users are following this coin?

    NEM Social Following Rank: 97/100

  • Google Trends

    How many users are searching for the coin?

    NEM Google Trends Rank: 91/100

  • Twitter Citation

    How many users are talking about this coin in Twitter?

    NEM Twitter Citation Rank: 33/100

  • User Voting

    How popular is this coin among Cointobuy community?

    NEM User Voting Rank: 99/100

NEM investment analysis

NEM investment has been around for a while now and has been doing well on the market. With an objective to maintain an ecosystem that thrives on the creation of smart assets on the blockchain, the project is supposedly in the class of one of the most important products of the decentralized enterprise so far.

This decentralized technology is a performance driven product, essentially built for large business requirements. Two things you can always associate this blockchain product with is scalability and speed.

They pride themselves as being more reliable than their predecessors because they, having been built from the ground up and not as a fork of the original bitcoin network, have been able to resolve some of the fundamental issues with the decentralized networks.

XEM investment can be one of the rarest opportunities out there which are currently undervalued and may skyrocket both in price value of their currency and in their blockchain use parameters.

How to buy?
current price
$0.053746
Potential Profit

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing possible profit rate in the coming months.

+87%
Potential Price

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing the possible price in the coming months.

$0.100493
Rankings

The current coin position in cryptocurrency rankings by Safety Rank and Potential Profit.

10/2012
by Safety
1517/2012
by Profit
historical data

How to buy NEM?

XEM is the cryptocurrency that powers the NEM platform. You can buy this currency on about 18 different exchange platforms having over 36 cryptocurrency exchange markets where you can buy with fiat or other crypto coins, (to include different currency pairs like BTC, USDT, JPY, KRW, ETH, USD, GBP and EUR). These exchange markets have different liquidity factors and so, you might want to trade on the one with more favorable liquidity index.

Before you go ahead and buy the coin, you need to decide where you want to store them, the following limited options are available: one, you could download their wallet from their website to your PC or phone; or two, you could use a hardware wallet. The final alternative would be to store the XEM coins on an exchange wallet (this also might be useful, should you need to trade with them, as it saves the cost of transaction fees).

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Is it safe to invest in XEM now?

NEM is a blockchain, and like most, they have the potential to rival bitcoin and earliest DLT products, as they can see how and where they fail and improve in those areas.

In the case of the NEM platform, it improves on the security of transactions, and speed; however, it still lacks the same privacy content just like bitcoin as transactions on this platform are traceable – and this can come as an advantage or disadvantage to users.

Most decentralized products with privacy options are more patronized than their counterparts – some go on to say that, privacy is one of the efficient features of DLT products; and without it, it still is vulnerable, regardless of security levels provided by the platform.

In February 2018, it was reported that NEM foundation was able to trace some stolen funds in a hack involving Japanese Coincheck exchange – this is one of the many good that could come off from a traceable decentralized asset.

Your investment strategy is dependent on so many factors, while the safety, choice and time of investment are essential elements, knowing the current value of the coin and its prospect is also crucial. However, the ultimate value investing in XEM hinges on some major factors:

  1. What specific goals have they achieved and what do they intend to achieve in the coming years? – while this project has achieved quite some feats, they have not clearly defined future plans nor milestones.
  2. What distinct feature will remain relevant even after the evolution of blockchain enterprise?

As for the community support, there is an active number of supporters who believe in this project and are invested in it. We have about 190,000 people following up on Twitter and 21,000 on Facebook.

In conclusion, NEM is a crypto platform with an efficiency in traceability on its network and offers speed and scalable blockchain services. Invest in XEM cryptocurrency if you want to be a part of a revolutionary smart asset ecosystem.

There are lots of undiscovered potential that may come with that choice. But be aware that at the current pace of the whole industry, so much is uncertain and anything can change without a moment’s notice. So, once you’ve completed your due diligence, invest what you can afford to part with.

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Comments (2)

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jovis 6/14/2018

the best project and there arebig future. NEN will be so importante blockchain plataform the world!

Richie 5/25/2018

I noticed NEM is quiet smaller when compared with Ethereum. However, this project's developers really leveraged on the backdrops of previous blockchain networks, including those that offer similar services to its own and those that don’t like bitcoin. On this note, for building applications on executing a virtual function on it, say like a smart contract, NEM is quite more user-friendly than Ethereum and in terms of transaction speed, this blockchain project is ten times faster than the Bitcoin. Also, regarding its speed, I read somewhere that the NEM developers intend including a software called Catapult that would increase its transaction speed to thousands of transactions in a minute. Well, this would make this one far more scalable than projects of similar service.