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NEM recent technological improvement might skyrocket their prices to $2

  • NEM (XEM) was performing well in the 2017 and it has jumped almost more than 1000% form low of $0.15 till $2.06 (Jan 4th 2018 high). XEMUSD started to decline sharply from year high till $0.2068.
     
  • NEM has been best performing crypto in 2017 mainly because of unique technology. They use Proof of Importance (POI) instead of Proof of Work and Proof of stake. The POI network looks at three major things to determine importance of coin holder based on amount of XEM in your wallet, how long it’s been there and quality and number of transactions.
     
  • NEM is working on lot of technological improvements which will be skyrocket their prices in near term.  The lot of recent developments in NEM will skyrocket.
     
  • NEM is set to release XPOS device with partnership with PundiX. NEM and PundiX has partnered in final quarter of 2017. These two are planning to implement digital currencies into retail industry. XPOS devices is initial device under their collaboration and NEM network is set to distribute these device for retailers. NEM have also announced Catapult, a new block chain based engine designed to present new version of NEM protocols and also known as mijin v.2.
     
  • NEM currently holds the 15th position on Coinmarketcap with market cap of approximately 2.4 billion USD and price is currently trading around $0.2700. The pair is expected to trade higher on account of Catapult announcement.
     
  • Technically the pair has taken support near $0.20 and jumped till $0.4560 (Apr 25th 2018 high). Any further weakness can be seen only below $0.20.On the higher side, major resistance is around $0.450 and nay break above will take the pair to next level till $0.5560/$.0.6400.

It is good to buy on dips around $ 0.2600 with SL around $0.2000 for the TP of $0.4500/$0.5500

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