Nem (XEM) has been one of the biggest top 20 crypto gainers in the last 2-weeks. It is up by over 60%. This may not sound like a big deal since there are cryptos that have gained by even bigger margins. However, what makes NEM (XEM) stand out is that, this is not just some low-fundamentals project. Nem happens to be one of the most powerful projects in the market. As such, its pump could be viewed as a market response to the fundamentals of highly undervalued crypto. In essence, there is every likelihood that NEM (XEM) could continue on its positive trajectory.
Going forward, one of the factors that will play a role in Nem’s price action is Catapult. Catapult is the one thing that the NEM community has been waiting for years. So much so, that the phrase “Catapult coming soon” was close to becoming a cliché. However, this is about to change. In a recent interview with, the crypto Lark, Nem foundation president, Alex Tinsman clarified that Catapult is coming in Q3 or latest in Q4. Considering that this is one of the biggest things that the NEM community has been waiting for, for years, it is highly likely to keep Nem bullish for the next few months.
Just in case you are new to the NEM blockchain, Catapult is Nem’s upcoming blockchain engine that can power both private and public blockchains. As per the Nem website, Catapult will power these blockchains,
“… With its unique smart contract plugins. These plugins enable bulletproof digital asset creation, decentralized swaps, advanced account systems and business logic modeling.
In its next phase, Catapult will become the core NEM engine.”
With catapult, Nem’s use cases will be limitless. It could be adopted in industries as diverse as medicine, sports ticketing among others. All this without compromising on security and scalability. Catapult makes Nem extremely undervalued at current prices.
Besides technical advancements like catapult, Nem (XEM) is in a good position to grow in geographical reach. Nem is currently working with Ripple on a project called, blockchain for Europe. The goal of this collaboration is to help push for better blockchain regulations in the EU. This initiative could go a long way in opening up the adoption of Nem in the EU. That’s a big deal, and makes Nem a crypto with lots of potential to keep in gaining in value, as blockchain gains in adoption. It makes Nem highly undervalued at current prices.
Lastly, there is the fact that the market is turning bullish again. News of crypto adoption by big companies like EBay, Microsoft, and AT&T among others are on the rise. As these news filter into the market and Bitcoin sets the pace by continuing its bullish trajectory, altcoins will start to pick up too. Altcoins with strong fundamentals and bullish news around them, such as NEM (XEM) could experience a significant surge in value going forward. Clearly, NEM (XEM) isn’t just a top gainer at this point, it is just getting started and could set new records soon.