NEM (XEM) – called as “New Economy Movement” – has a purpose to focus on enterprise-level clients to provide an efficient way to verify and move blockchain assets. The company NEM Group Ltd. works to act as the missing link between the private and public blockchains. It does so by connecting these networks in ways that expand usability. Should You Track NEM? XEM’s price has fluctuated between $0.1349 and $0.3795 over the last three months. It has shown a compounded monthly growth rate of 41.18% and an extrapolated compound annual growth rate of 61.72%. The venture capital and investment arm of the NEM blockchain ecosystem is called NEM Ventures. It has announced the launch of the Ignite virtual incubator program. Besides, the ventures will provide mentorship and financial support for early-stage blockchain startups. Also, the venture is open to the first cohort of blockchain projects wishing to gain professional support in preparing for commercialization and fundraising rounds. The support would be provided by the NEM ecosystem. Technical indicators like RSI for XEM are 100. It is one of the most sure-shot reasons to SELL as of now. However, the ADI of 14-days is giving a BUY signal. Meanwhile, most oscillators remain NEUTRAL. The EMA and SMA are showing a price movement towards a BUY. Over the last 6 months, the price of XEM ranged between $0.0680 and $0.3795. It has a compound monthly growth rate of 33.19% and an extrapolated compound annual growth rate of 30.16%. NEM was in a controversy in 2020, which was stolen from crypto exchange Coincheck Inc. in the year 2018 and was confiscated in 2020. NEM in its latest newsletter stated: “We are now in the last phase of the Symbol Mainnet Release plan. Along with community and NEMtus testing currently underway, they were looking at the development and test teams who have put in another enormous to resolve any issues.” However, the priority for January 2021 has been to support exchanges for opt-in and listing of the symbol.
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