XEM Price Prediction: NEM Coin Forecast

September 14, 2020

Price Prediction

Sean Korbett

What is NEM (XEM)?

NEM (XEM) is a decentralized peer-to-peer cryptocurrency and blockchain-based platform launched in March 2015. NEM stands for New Economy Movement and its blockchain algorithm was written in Java with 100% original source code.

The project’s mission is to shape the future of blockchain by nurturing a strong and healthy ecosystem that will contribute to the development of blockchain technology for generations to come. NEM was designed as an enterprise solution for the upcoming blockchain revolution in the global economy.

The NEM platform has the following unique features:

• NEM blockchain is a self-replicating and stable system that provides automatic block generation. Moreover, 1 block is created in just 1 minute.

• The platform uses a new Proof of Importance (PoI) record hashing and coin mining algorithm, which can be called an advanced version of  Proof of Stake (PoS).

• The Catapult system is distinguished by a high level of protection against hacking and cyber-attacks.

Today NEM is one of the TOP-25 cryptocurrencies by market capitalization.

NEM Statistics

Source: CoinMarketCap, Data was taken on 14 September 2020.

NEM achievements and future plans

Recently the project has gone through the following milestones: 

• Migration and Tokenomics Proposal POI voting commenced and was approved.

• Symbol from NEM – the rebranding for the new next-gen blockchain from NEM announced.

• The Symbol brand proposal was released to the public for a vote and was approved.

• The Symbol ticker vote commenced and was approved.

• Symbol branding guidelines/toolset was delivered and a media kit was shared with the community.

• The Symbol Academy team has been actively developing curriculum and video production for the MVP release of Academy. 

• NEM announced Symbol 0.9.6.4 release.

• NEM’s official website was redesigned.

• The Symbol product website was launched.

• Multiple server updates were rolled out.

What to expect in the future?

In the near future, the NEM’s team will be focused on Symbol’s developments. By the end of 2020 the developers are planning to release Symbol Academy – a multilingual educational platform on developing for Symbol, from beginner to university-level.

NEM Technical Analysis

Source: Tradingview, Data was taken on 14 September 2020

XEM Price Predictions 2020

TradingBeasts XEM price prediction

The XEM price may reach $0.1436873 by the beginning of October 2020 (+17.44%). According to TradingBeasts forecasts by the end of 2020, the average NEM cryptocurrencies price will be $0.1441557 (+17.82%) while its maximum NEM coin price may reach $0.1806002 per coin (+47.61%).

Wallet investor XEM cryptocurrency prediction

Wallet investor.com analyses say that cryptocurrency XEM can be a bad, high-risk 1-year investment option. The NEM crypto price may drop to $0.215 (+75.72%) by the end of December 2020 while the average XEM price is expected to stay around $0.415 per coin (+239.18%).

Crypto-Rating NEM prediction

Crypto-Rating says NEM price may reach its lowest point in the last few years. But thanks to NEM’s team that is working on the future developments of the project there is a hope that XEM coin price can improve. Crypto-Rating says that any progress in that matter would drive the price of XEM up.

DigitalCoinPrice XEM price prediction

According to DigitalCoinPrice NEM cryptocurrency price will increase in the near future. By the end of the year 2020, the average New Economy Movement coin price will be $0.0615478 per coin (-49.69%).

How to buy XEM cryptocurrency at StealthEX

NEM XEM is available for exchange on StealthEX with a low fee. Follow these easy steps:

✔ Choose the pair and the amount for your exchange. For example, BTC to XEM.

✔ Press the “Start exchange” button.

✔ Provide the recipient address to which the coins will be transferred.

✔ Move your cryptocurrency for the exchange.

✔ Receive your NEM coins!

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The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.

September 14, 2020