NEM saw a 55% development in its cost and crested at US $0.10 at once. It had the greatest development among the Cryptos and was viewed as the far-fetched cash developing at the hour of sadness. While it was developing, the Crypto market was seeing a ruin in its cost. Significant digital forms of money like Bitcoin, Ethereum, Litecoin, and others took a plunge and the market was down
NEM used to operate with the Mijin blockchain software. Mijin blockchain is a software which was tested predominantly in Japan and other countries worldwide. This software had to be removed due to hacking which took US $530 worth of XEM from the website. While this wasn’t a major incident, but NEM was quick to act fast and launch its new software Catapult, which it had in the making. This software was announced on Twitter and it gained massive traction and this software was adopted for more security.
Also, an announcement of the development of a Mobile Wallet was done and users could track its development process through Twitter which provided a link to the website. While riding heavily on the success of Catapult, NEM capped over $809 million and it was traded at $0.10 which is a peak since the start of the year. Now it has relatively slowed down and the price has got down to approximately $0.08.………….
News Source: TheCoinRepublic