The New Market Movement’s (NEM) – XEM objective is to transform the blockchain ecosystem. NEM is not a platform, but rather an ecosystem of platforms that use encryption and blockchain technology to provide solutions for businesses and individuals.

It is a fork of the popular cryptocurrency and payment network NXT. NEM is a cryptocurrency that was created in 2015. NEM is the brainchild of nem.io, a Singapore-based non-profit. The development team chose to take the project to the next level after the fork by building its own codebase and adding new features. As a result of the team’s efforts, NEM has become far more scalable and faster. As a result, the platform looks nothing like the original NXT.

Proof of Importance (POI)

The NEM (XEM) blockchain’s Proof of Importance (POI) technique is a one-of-a-kind character that adds to its high efficiency. The Proof-of-Work mechanism is one of the most widely used staking strategies in the crypto world, but it is also an energy-intensive procedure, making it inappropriate for cryptocurrencies. The NEM blockchain is significantly more efficient thanks to its POI system, which gives higher weight to how much users have spent in XEM as indicated by their wallets and holding duration. It’s comparable to the Proof-of-Stake method, which is the second alternative to the Proof-of-Work mechanism, in that POI evaluates nodes using a variety of criteria. Transactions, currencies, and activity clusters are among the other criteria taken into account.

Price Movement –  NEM (XEM)

Before the crash in March, the coin was being traded at the price of $0.8645. It later fell down to the price of $0.0852. It still hasn’t shown any strong movement and is still being traded at the bottom. At the time of writing this article, The NEM (XEM ) is being traded at a price of $0.1309. The price has almost increased by 3% today. On the monthly time frame, we have seen a decrease of almost 25%. Today, it has achieved its new ATH.

The Total volume at the moment is $175,714,387 with an increase of 6% in the past 24 hours. The coin is listed on coinmarketcap on the 85th spot and has a market dominance of about 0.05%.

XEM  has a finite supply, the total supply of the coin is around 9B and has the same circulating supply.

Price Prediction – NEM (XEM)

In the long run, XEM is a highly good opportunity. According to the wallet investor, the price of XEM is to reach a value of $0.251 in a year. For a five-year plan, the price will reach a value of $0.692. The way the price of XEM has grown, the traders are even more bullish on the value and they think that it will reach even more.