XEM Price Analysis August 2022
XEM is a token of platform NEM. Its current price is around $0.045768 by the time of writing, with a low of $0.03554, and its market cap is 457 million dollars.
What is NEM?
NEM is a cutting-edge technology platform that helps with data management, tracking, and transferring. It was initially developed by NXT, a virtual currency, and payment network platform. NEM is a decentralized cryptocurrency and blockchain platform that allows for the exchange of ownership through smart contracts. They hope to make an economic system beyond countries and governments based on principles like freedom.
What is XEM?
XEM is the coin of the NEM platform, which is around $0.045768 by the time of writing, with a low of $0.03554. It reached a high of $0.2431, and its current ranking is #85 according to CoinMarketCap, with a market cap of 457 million dollars. NEM (New Economy Movement) is a blockchain that uses the XEM cryptocurrency. Transactions are verified by an innovative consensus algorithm called Proof of Importance.
XEM Coin Market Analysis
XEM has a total supply of 8,999,999,999 coins worth around $0.045768 with a market volume of 14 million dollars, whereas the market capitalization is 457 million dollars at writing.
XEM Price Prediction
The prospects for NEM in 2022 are very positive. NEM is the brainchild of masterminds who have dedicated years to the blockchain. According to the records of XEM’s recent successes, NEM is considered a good investment for 2022.
On the 1D timeframe, the price action of $XEM/USDT is getting rejected from the resistance trendline of the descending triangle. We have to wait for a successful breakout to confirm its next move.
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