• About
  • Contact
  • Our Team
  • Privacy Policy
Newsletter
Crypto Recorder
Advertisement
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Litecoin
  • Investing
  • Ripple XRP
  • Education
  • Contact Us
    • Become a Contributor
  • Advertise With Us
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Litecoin
  • Investing
  • Ripple XRP
  • Education
  • Contact Us
    • Become a Contributor
  • Advertise With Us
No Result
View All Result
Crypto Recorder
No Result
View All Result
Home News Altcoins

Missed out on Bitcoin? Here’s why NEM (XEM) is the next new kid on the block

David Muita by David Muita
February 23, 2018
in Altcoins, News
Bitcoin
1
SHARES
Share on FacebookShare on Twitter

The masses are finally aware of the crypto-craze and have taken to the internet to make purchases with the hope of a handsome profit. And Bitcoin remains the most famous cryptocurrency to date despite the numerous additions over the past few years. NEM (XEM), being the seventh-largest cryptocurrency, has all the capabilities of becoming the largest in the next few years.

Presently…

Related articles

Dogecoin (DOGE)

Dogecoin (DOGE) – One of the most practical cryptos in the market

February 22, 2019
Cardano

Cardano (ADA) has proven it’s a resilient project: Good times ahead

February 21, 2019

NEM is currently trading at $0.208119, a meager rate compared to some of the cryptocurrencies mentioned above making it a good investment for the future. It is also worth noting that this currency trades under the name XEM coin and not NEM. While it’s relatively unknown to many people, NEM has some of the best and latest blockchain features as well as technology. These innovations aided NEM in recording eight weeks of consecutive gains from November 2017 until January 2017.

The Java and JavaScript encryptions used in writing NEM (XEM) use a 100% novel source code and the introduction of the proof-of-importance (POI) algorithm to its blockchain has put NEM in a class of its own. NEM has just recently hit the best figure yet regarding market capitalization ($14.7). The gains witnessed by NEM over the festive period in 2017 while most cryptocurrencies declined has helped it up its market value and number of investors and participants in the beginning of 2018.

Is NEM worth the risk?

 It might be less than two years old, but NEM is among the most talked-about cryptocurrencies currently on the market. Its high profitability also makes it a good investment seeing it increased 5,950% year-to-date in a year (2017). During the first quarter after its launch in 2017, XEM coin hit $0.29314 before falling to $0.090656 after a little turbulence. However, this decline only paved the way for another sharp ascent in value to $0.349178, which as expected was followed by another decline.

However, NEM (XEM) has gathered a steady pace from around October 2017 until now as its price hovers between $0.20 and $0.21. While investing in this cryptocurrency is a smart move at the moment, investors need to know that its rise to the upper echelon of cryptocurrency will not be smooth at all. Cryptocurrency is a new venture that is yet to be embraced by everyone in society. As such, it is at an experimental phase despite the millions people are making from this innovation.

Bitcoin is an excellent example of how unstable cryptocurrency might be following its sudden decline in value over the last few months. Many investors are reported to have lost millions while others are scrambling to buy the cryptocurrency at standardized rates now that its value is not as high as it was in early 2017. However, the cryptocurrency is finding its feet, and soon it will be back at the top unless more people become aware of the other options present such as NEM.

While there are days when crypto movement spikes to up to 15% or even go as low as 5%, these fluctuations mean nothing to NEM as it keeps rising in value. You can make a lot of returns from the XEM coin especially if you are patient enough to wait for the rough periods to pass. Most people quickly withdraw their tokens or sell them to others the minute the crypto they invested in starts fumbling.

 That being said, these fluctuations are experienced by every single cryptocurrency. Their value still rises, in the long run, making even more profit for the patient investors. As a by the way, NEM has made a lot of people rich over the last months and is considered ten times more efficient than bitcoin. It might be relatively unknown, but NEM (XEM) is user-friendly and has more user cases than Bitcoin. A worthy investment if you ask me.

 

Tags: BitcoinNEM (XEM)XEM coin
Share1TweetShare
Previous Post

Ripple (XRP) network earns it a Partnership with LianLian International

Next Post

Neo (NEO): The Phenomenal Coin to Buy Today

Related Posts

Dogecoin (DOGE)
Altcoins

Dogecoin (DOGE) – One of the most practical cryptos in the market

February 22, 2019
Cardano
Altcoins

Cardano (ADA) has proven it’s a resilient project: Good times ahead

February 21, 2019
Digibyte vs Litecoin
Altcoins

Digibyte (DGB) v Litecoin (LTC) – Which one is a better investment in 2019?

February 20, 2019
Cardano
Altcoins

Ethereum (ETH) could keep rising in anticipation of ETH staking

February 18, 2019
Dogecoin
Altcoins

Dogecoin (DOGE) – Tinder could be a big deal for Dogecoin: Is this the beginning of a bull run?

February 17, 2019
Digibyte
Altcoins

Digibyte (DGB) – Digiassets testing on-going: Bright future ahead for Digibyte

February 16, 2019

Leave a Reply Cancel reply

Your email address will not be published.

No Result
View All Result





Latest News

  • Trending
  • Comments
  • Latest
Cardano

Cardano (ADA) has proven it’s a resilient project: Good times ahead

February 21, 2019
Digibyte vs Litecoin

Digibyte (DGB) v Litecoin (LTC) – Which one is a better investment in 2019?

February 20, 2019

Cardano (ADA) to hit $10 within the next one year!

January 19, 2018
Cardano

Cardano (ADA) – 4 Dlab/Emurgo projects that instill faith in Cardano: The future is bright!

February 15, 2019
Digibyte

Digibyte (DGB) – Digiassets testing on-going: Bright future ahead for Digibyte

February 16, 2019
Dogecoin

Dogecoin (DOGE) – Tinder could be a big deal for Dogecoin: Is this the beginning of a bull run?

February 17, 2019
Dogecoin (DOGE)

Dogecoin (DOGE) – One of the most practical cryptos in the market

February 22, 2019
Cardano

Cardano (ADA) has proven it’s a resilient project: Good times ahead

February 21, 2019
Digibyte vs Litecoin

Digibyte (DGB) v Litecoin (LTC) – Which one is a better investment in 2019?

February 20, 2019
Cardano

Ethereum (ETH) could keep rising in anticipation of ETH staking

February 18, 2019
Funding

The Top 7 Sources of Startup Business Funding

February 18, 2019
Dogecoin

Dogecoin (DOGE) – Tinder could be a big deal for Dogecoin: Is this the beginning of a bull run?

February 17, 2019



Crypto Recorder

CryptoRecorder.com is a Dedicated Cryptocurrency news website and writes a variety of educational articles related to smart crypto trading, bitcoin and altcoins. You will find a details article on almost every hot altcoin and unbiased analysis of coins.

Recent Posts

  • Dogecoin (DOGE) – One of the most practical cryptos in the market
  • Cardano (ADA) has proven it’s a resilient project: Good times ahead
  • Digibyte (DGB) v Litecoin (LTC) – Which one is a better investment in 2019?

Follow Us

Facebook Twitter Google+ RSS

Newsletter

© 2017 JNews – Premium WordPress news & magazine theme by Jegtheme.

  • About
  • Contact
  • Our Team
  • Privacy Policy
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Litecoin
  • Investing
  • Ripple XRP
  • Education
  • Contact Us
    • Become a Contributor
  • Advertise With Us

© 2018 Copyright CryptoRecorder.