![]() ![]() However, the recent price activity has shown some bullish patterns the token was trading up over 20% in a recent 24-hour reading, at $0.0538, and had risen almost 50% in a recent 7-day reading. In a year-on-year comparison, XEM is trading down by 62.5% over the past 12 months. The token was largely in a downtrend, hitting further lows of $0.0355 on 18 June 2022, exacerbated by market-wide crashes and mass sell-offs.Īlthough mostly traded on Binance with a high liquidity score, the token is also available on Bithumb, Huobi Global, Zaif, KuCoin and Gate.io. The token is looking to be listed on MEXC, which held a contest:Īlthough XEM was unsuccessful, Symbol was the winning contestant. This year has ushered in a new bear market, as commentators suggested the crypto markets had fallen into another crypto winter. ![]() The peak in 2021 also could not be maintained, and the token closed in June 2021 at $0.1278 and closed on 31 December at $0.1229. Price historyĪlthough XEM benefited as much as any altcoin during the early-year crypto surge last year, and XEM met a yearly high of $0.8652 on 3 March 2021, the price remained substantially lower than its all-time high recorded in January 2018 (at $2.09). The absence of regular burning as a deflationary technique is curious, and likely goes some way to explain XEM’s initial declines. Staking rewards are paid out from transaction fees. XEM is fully diluted, meaning no more XEM will ever be minted. The trading volume increased by over 790% in a recent 24-hour trading period, prompting a price rally. Its trading volume over the past 24 hours (as of 19 July 2022) was $103m, which equalled 20% of market cap. With a circulating supply of nine billion, XEM has a market capitalisation of $483.7m, putting it at number 80 on the charts, according to CoinMarketCap. XEM’s most recent trading value was $0.0538. So what is the latest NEM price prediction? Tokenomics: A quick glance You can get the full lowdown on all of NEM’s features over at our guide.ĭespite some perceptions that NEM has been put on the back-burner, it is still a functional product and its native token, XEM, is a tradable asset. Perhaps due to this, NEM’s full potential has not been truly realised and the foundation released a new blockchain offering Symbol (XYM) in the spring of 2021. Its owners, the NEM Foundation, ran into bankruptcy scares in 2019. The technology stack included a Proof-of-Importance (PoI) staking method and a two-tiered consensus design. NEM tried to live up to its ambition to provide a highly scalable blockchain solution with cross-chain functions, primarily for deployment in the financial services sector. Abbreviated from New Economy Movement, NEM is a blockchain solution spun out of NEXT (NXT) in 2015, making it one of the earliest projects to enter the enterprise blockchain space. ![]()
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