NEM is a peer-to-peer cryptocurrency and blockchain platform launched on March 31, 2015. It uses a proof-of-importance algorithm to distribute transactions among its nodes. The project raised US$1.5 million in an initial coin offering (ICO) that lasted from May 27 to June 30, 2014.
The nem price prediction 2025 is a question that asks if the NEM coin will hit $1 in the near future. The answer to this question is no, but there are still many other predictions for the price of XEM in 2021.
- The range of bullish XEM price predictions is $0.20 to $0.92.
- The price of XEM may potentially hit $1 in the near future.
- For the year 2021, the pessimistic market price forecast for XEM is $0.03.
We utilize data, price trends, RSI, and other information about XEM to evaluate the cryptocurrency’s future movement in NEM (XEM) price forecast 2021.
NEM is run by the NEM.io Foundation, a Singapore-based non-profit organization. XEM is NEM’s own cryptocurrency. Furthermore, unlike Bitcoins, XEM is not accepted by businesses as a form of payment (BTC). The NEM blockchain technology was created with scalability and speed in mind. For internal ledgers, NEM’s permissioned private blockchain provides the quickest transaction speeds.
At the time of writing, the NEM price was trading at $0.1592, with a 24-hour trading volume of $593,093,105, according to CoinGecko. XEM, on the other hand, has risen $14.03 in the past 24 hours.
XEm also has a circulating supply of 9.00 billion XEM. XEM is currently traded on Binance, OKEx, CoinTiger, ZBG, and Huobi Global, among other cryptocurrency exchanges.
Price Prediction for NEM (XEM) in 2021
The weekly time period is used to explain the XEM price forecast for 2021.
Descending Channel Pattern in XEM/USDT (Source: TradingView)
To indicate a downward trend, a descending channel is created by connecting the lower highs and lower lows of a security’s price with parallel trendlines. Descending channel patterns are short-term negative in that a stock goes downward inside the channel, but they often develop as continuation patterns within longer-term uptrends.
If the price of the XEM breaks the resistance level of $0.20 on the weekly time frame chart, it will approach the targets of $0.43 and $0.92. Otherwise, if the BTG price falls, it will fall to the $0.08 support level. As a result, the XEM’s trend is predicated on the breakout.
Support and Resistance Levels for NEM (XEM)
The chart below depicts NEM’s support and resistance levels (XEM).
Support and Resistance Levels for XEM/USDT (Source: TradingView)
Without a doubt, the resistance and support levels of XEM are shown in the above weekly time frame.
- $0.20 is the first level of resistance.
- $0.43 is the second level of resistance.
- $0.92 is the third level of resistance.
- Level 1 Support – $0.08
- Level 2 Support – $0.03
The charts reveal that XEM has been doing well during the last month. If the current trend continues, XEM may be able to break over its resistance level of $0.92. If investors turn against the cryptocurrency, the price of XEM may fall to nearly $0.03, indicating a negative warning.
Average Directional Index of NEM (XEM) (ADX)
Now let’s look at XEM’s Average Directional Index (ADX). The ADX, in particular, aids traders in determining the strength of a trend rather than its initial direction. It may also be used to see whether the market is shifting or if a new trend is beginning. It was, however, linked to the Directional Movement Index (DMI).
Furthermore, the oscillator’s range is 0 to 100. Furthermore, high and low values imply a strong and weak trend, respectively. Furthermore, it is often used in conjunction with directional indications.
The ADX of XEM is seen in the chart above. Currently, the ADX remains above the 26-point level, indicating a strong sell-side trend.
XEM is one of the cryptos that has held its ground in the face of a negative market. Our long-term XEM price forecast for 2021 is also positive. This year, it has a good chance of surpassing its current all-time high (ATH) of $1.87. However, this will only happen if it overcomes a number of previous psychological barriers.
Furthermore, the XEM ecosystem may have a bright future ahead of it in 2021, thanks to continuous development and improvements. If investors have anticipated that XEM is a solid investment in 2021, it may reach $0.92 and even higher levels, but it is unlikely to hit $1.
Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.
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The nem price prediction today and tomorrow is a question that has been asked many times. Some people believe that the coin will hit $1 soon, while others think it will take a little bit longer.
Frequently Asked Questions
Is NEM a good investment 2021?
NEM is a cryptocurrency and it is not a good investment in 2021.
What is the future of NEM Crypto?
NEM is a cryptocurrency that has been around since 2015. It is currently the fifth largest cryptocurrency in terms of market cap, with a total value of $3.8 billion. The future of NEM looks bright, as it has recently partnered with several companies to build blockchain solutions for them.
How much will XEM be worth?
I am not able to answer this question.
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