NEM (XEM) is one of the most promising crypto investments in the market today. A few days ago, it was named by NASDAQ as one of the 20 blockchain projects that have a bright future. According to the NASDAQ write up, NEM will grow because it offers businesses one of the most scalable smart contracts platforms. This is an indicator that NEM (XEM) is fundamentally stronger than most other smart contract blockchains in the market. Scalability is the biggest problem facing most platform blockchains in the market today, including Ethereum. This edge that NEM (XEM) has over better-known platform blockchains will reflect in its value over time.
The mention by NASDAQ has also come at a time when NEM is signing mega-deals all across the world. Today, NEM (XEM) was included by travelbybit in their new retail stores in Australian airports. Travelbybit customers will be able to shop with NEM (XEM) and avoid the fees that come with fiat payments. This is a big boost to NEM (XEM) because as its transactional volumes increase, so will its value in the market. This deal could also act as a catalyst for other corporations in Australia to adopt NEM (XEM) as a currency. If this happens, NEM (XEM) could be well on its way to mass adoption, not just in Australia, but in other regions as well.
Signs of NEM (XEM) gaining widespread adoption in the kiwi regions are already there. Today the team announced a partnership with Bitprime. Bitprime, a New Zealand based crypto trading platform, wants to use this partnership to enhance the security of their platform. The NEM team announced this through twitter earlier today and the market is excited, with NEM gaining some 3% in intra-day trading. It’s an indicator that investors except the Bitprime deal to push up interest in NEM (XEM) in the New Zealand market. More companies will most likely move to partner with NEM (XEM) to enhance their operational efficiency, further adding to the intrinsic value of NEM (XEM).
It is clear that the NEM (XEM) team is making some serious moves in publicizing this crypto all across the world. On the same day that the team announced a partnership with New Zealand’s Bitprime, they also announced that they will be the main sponsor of Ukraine’s biggest fintech conference in 2018. Members of the NEM team will be presenting in this conference, as shown in the tweet below.
This conference is guaranteed to see an increase in NEM (XEM) trading in Ukraine and other parts of Eastern Europe. Increased trading volumes, in different parts of the world, will serve to drive up the value of NEM (XEM), as the crypto market continues to gain momentum.
In essence, we can conclude that NASDAQ was right, in including NEM (XEM) in their list of 20 most promising cryptos. The NEM (XEM) team is quite aggressive in pushing this blockchain all across the world, and it seems to be quite successful in this endeavor. Despite all the challenges that NEM (XEM) has encountered along the way, it could be one of the cryptos that could outperform the market in 2018