Nem coin great option to invest for a long termNEM uses PoI, also known as proof-of-importance. This means that (unlike Bitcoin and Ethereum), NEM is environmentally friendly, and more secure. Unlike mining Bitcoin and Ethereum, network upkeep does not require hundreds and thousands of electricity-hogging mining machines.
A NEM node can be run on a computer as simple and cheap as a Raspberry Pi, which is only $35 and takes up very little electricity.
NEM is also superior in security. It uses EigenTrust++ for node reputation, which is not used in any other cryptocurrency, and strengthens the security of the network considerably. It also uses localized spam protection, which shuts down spammers, and only the spammers, when the network is at full capacity. Both are only found in NEM.
NEM was built with a two-tier design in mind as well. If you want a wallet, you don’t need a full node and a copy of the blockchain. Instead, you can just connect to any node, and have access to all the same features without trusting it.
The price went down in the last 3 days from 0.19 to 0.179 and it's a great moment to buy cause as you can see in the graph it shows that the volume is increasing will take time to reach $1 but can rise to 0.30 in the next 2 weeks what will increase your investment by 50% for the long term can rise by more than 5000%
XEMUSD trade ideas
NEM: will be parabolic with a catapult?Guys, I revised the chart scaling.
Firstly, I want to say that the long-term trend line coincides with the 1x8 angle and it holds and this is a good sign.
Secondly, I see signs of the beginning of a new cycle.
I've already seen a similar chart somewhere and this is a BTC chart before he started parabolic growth.
Congrats to all in NEM/XEM, I think that you made a very successful long-term investment!
As for the bearish scenario, yes indeed such a probability exists.
Look at the chart, where you see the support below? ~10 cents, right?
What should happen with the top10 cryptocurrency to lost about half of the capitalization?
Of course in the cryptoworld anything can happen, but I personally think that such a probability is not high.
Trade at your own risk.
Situation update and chart redrawing.It's simplified drawing made by me in comparison to the last one chart @XEMUSD
Under 24-28.5cents area XEM is poised to sideways moves with tendency to slow sliding down (in case of BTCUSD pushing higher), or growing dumps and more blood in chart (after the topping @BTCUSD and dumping behaviour, as it was). It is now visible that XEM and overall altcoins did not participate in Bitcoins bullrun, like it was in Spring or in August. So after topping there and greater correction this can turn out badly for altcoins and XEM is not immune in that matter of course. It's really sad that i have no technical positives for "hodlers" of XEM, but maybe 2018 year and further developing of NEMs ecosystem and platform can change something in price moves. Looking historically @XEMs price moves, the autumn was the best time to accumulate XEMs cheap, and then sell it in the next year. That worked for me 2 times in a row, i'am curious if it can works one more time.
XEM Going to be hot againI've posted all the important dates on the chart and highlighted each day with a red vertical line. XEM is poised to move on speculation following these dates. So be sure to buy the rumor and sell the news.
XEM is also in a technically good spot for ripe buying opportunities.
RSI and Stochastic just bottomed out on the Daily
Price is near a strong ascending Trendline
On the 4Hour i will be looking for a pullback and possibly a last leg to test the bottom again and bounce off the blue area I have outlined. That would be the ideal place to buy,