One of the questions from last week concerns the XEM coin. I collected for you and for myself the interesting information on the project, and I plan to start the purchase myself.
In general, let's go!
XEM is a sleeping giant whose price has been rolled to the floor. After a bullish divergence on the daily charts, it started a reversal, the other day it successfully tested the resistance of 1500-1550, which had been broken through by a powerful impulse earlier, as a support. The increase in trading volumes over the past two months stopped the price drop by forming a clear divergence. On October 01, the downtrend was broken through on good volumes and the price fixed higher.
Fundamental analysis.
The NEM project is one of the top platforms that provides a full range of services on the blockchain. XEM is the currency that is used to pay for transactions within the network. The platform is one of the leaders in the implementation of projects in the financial sector and occupies one of the leading positions in Japan, working closely with regulatory authorities. The strengths of the project are a unique code written from scratch, ease of use of the platform through the API, a unique POI transaction confirmation algorithm (combination POS + node reputation), private blockchains, multi-signatures, smart contracts, and most importantly, the strongest community, constant conferences and meetups, thanks to which projects on the NEM blockchain develop.
I have written this now not for the number of characters, but for understanding that we have a strong and interesting project.
The most anticipated news for this cryptocurrency is the introduction of the NEM update, or Catapulta. Although this release was announced at the end of 2018, but according to NEM representatives at the meetup in Kyiv, the launch of Catapult will most likely be in the first half of 2019.
Also, growth needs news about the global partnership, as it was when adding to the WeChat messenger. But unfortunately, this cooperation has not yet brought a significant expansion of the scope of use. Good news about the NEM project will definitely be duplicated on our website and in a group of telegrams.
I believe that with the turnaround of the market, news and partnerships will consistently merge into the media pushing the course. And the market reversal itself has already begun in September
The possibility of cryptocurrency NEM and the level of development of its technologies indicates the great potential of this platform, which can be useful both to ordinary users and business representatives.