Why this cryptocurrency is on the radar of investors for future? XEM Price today – Tues July 24
NEM Price Forecast: NEM has gained even more limelight after the recent hacking of tether. The entire world is shocked by the hacking of that particular cryptocurrency. Owing to this very reason, the cryptocurrencies which are related to the security of files and folders, as well as the security of users, are gaining prominence. One such cryptocurrency is NEM.
In the last 14 to 16 months, it has increased significantly in value and is appreciated by more than 1000%. This is another reason why this cryptocurrency is on the radar of investors.
What is NEM? NEM provides security to the cryptocurrency assets as well as making the algorithm much more scalable as well. Moreover, whenever there is a spammer who intrudes into the network, the spammer is shut down as well. Also, instead of focusing on the smart contracts, NEM took a step further and created the concept of smart assets. These assets actually had a high amount of security as well as scalability.
Moreover, this cryptocurrency can also process hundreds of transactions in a single second. This ensures that greater amount of scalability is provided as well.
NEM Price Forecast 2018: According to some of the analysts, it can easily bag its spot into the top 5 most valued cryptocurrencies in 2018. This leaves a significant room for upside even after the recent run-up as well. This is one of the main reasons why more and more investors are actually looking out for this particular cryptocurrency.
In the current meltdown as well, the crypto currency has not slighted a significant amount from the peak. When you take into account that it has risen by 1000%, you still have hefty amount of returns when you compare it with the levels at which it was in last October or November. This is the reason why that even after a fall from the peak, investors are not actually worried about this crypto currency losing value.