The cryptocurrency market took a turn for the better, following Wednesday’s minor slump, with $7 billion added to its total market cap in less than 24 hours. NEM [XEM] has seen the most significant rise in the top 20 cryptos on Thursday. XEM rose over 6% compared to the U.S. dollar and is now trading at $0.108. The coin experienced brief volatility during the early hours of trading on Wednesday and since 2200 UTC on the same day, NEM has been steadily gaining.
XEM’s key support level was traced at $0.10098. The coin is currently attempting to break out from the key resistance level, noted at $0.10896. The hourly RSI indicator stands at 69.04, which shows that the coin is closing in on being overbought.
At press time, the 100 EMA line indicated that the crypto was in an uptrend. The MACD line has shown significant fluctuation, but currently indicates a bullish trend. The digital currency is on the higher side of the represented trading range which stands at $0.108-$0.111. As of 0600 UTC, the crypto had edged higher the U.S. dollar by 6.01% and is currently valued at $0.108.
NEM had edged 3.21% higher against Bitcoin [BTC] and is currently valued at around 0.000016 BTC
As of 2200 UTC, the market cap of NEM was just over $900 million. It then rose by 9.37% and reached $986 million in less than eight hours. The market cap has since dipped slightly and stood at $977 million at the time of writing.
NEM [XEM] Price Prediction 2018, 2020
• According to Tradingbeasts, the coin’s price will likely reach $0.40 at the start of December this year. By the end of the month, the crypto will trade at around $0.41. By the end of 2020, the digital asset’s prices are expected to reach around $0.70.
• Longforecast has predicted that the altcoin’s price will fall by 31 percent from current prices and trade at around $0.07. The coin will touch $0.24 by the end of 2020.
NEM [XEM] Latest Updates
• NEM [XEM] had been listed on Bitpanda, a European crypto exchange. Following the announcement, the crypto experienced a surge in value to $0.12 and it reached the $1 billion market in terms of market capitalization.
• Kuna Exchange, a Ukrainian cryptocurrency exchange, announced the listing of NEM [XEM]. The exchange platform trades digital currencies against the Ukrainian Hryvnia (UAH).
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