NEM coin price

NEM Price Prediction 2020 — Rescued And Rising

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Basil has three years of freelance experience writing on disruptive technologies. He focuses on breaking news and education pieces; helping to spread the gospel of Blockchain. He hopes to have his own blockchain company one day; helping the world through its innovative ledger technology.

(Updated April 6th, 2020) Last year was crucial for the transition of the NEM blockchain and the XEM token. Over the period, XEM has registered significant gains that have coincided with a rework of the ecosystem’s inefficient governance structure.

As things stand, NEM has a lot of potential given its wide range of real-world use cases and now that it has the full backing of the NEM Foundation. In 2020 this platform has the opportunity to lead the rest as blockchain technology is integrated into the business world. Consequently, the increased use cases and integrations will have a positive impact on its price.

In this piece, we are going to take a look at the various factors that promise to push the price of XEM upwards, including expert opinions and technical analysis of the charts.

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Experts’ Opinion On Why Nem Will Rise

NEM is the 26th largest digital currency based on market cap. Launched in March 2015, the cryptocurrency was walloped during last year’s crypto winter and is down 97% from its January 2018 all-time high of $2.11. Despite this negative trend, let’s take a look at why experts believe NEM could rise soon.

Saaim, an investments analyst at Lombardi Media Corporation, states that the hacking of the NEM platform and the lost coins could be a potential positive, which could prompt an upward price movement. She reports that the coin faces competition from other bigger altcoins, and adds that since the coin joined Binance, this may push its price to the happy side of $1.

Additionally, Tim Falk, from, believes that NEM has a lot of potential. The platform has a wide range of real-world use cases and the backing of the foundation, thus it has the opportunity to be at the forefront of the large-scale integration of blockchain into the business world, which may push the coin’s price to higher levels.

The newly elected president of the NEM Foundation, Alex Tinsman, expressed a high level of optimism when she stated that it is exciting to be part of the foundation, given it has a robust suite of tools and a community that is moving forward to change the future. This optimism shows that she believes in a great future for the coin, given its numerous advantages.

Currently, NEM price is trading at $0.04 with a market cap of $371 million. However, recent developments around the project promise to push its price and market cap even higher. Below are four other reasons that are positively impacting the price of NEM (editor note: we’ll use NEM here instead of ‘XEM’).

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Fresh Start After $8 Million Rescue

Earlier this month the NEM Foundation said that it was ready for a fresh start after it obtained a funding injection of around $8 million last month and after laying off most of its staff. Key members of the NEM community had approved the release of 210 million NEM tokens from reserves on Feb. 20 which are supposed to fund the operations of the foundations until Feb. 20, 2020.

Alex Tinsman who is the newly elected president of the NEM Foundation had earlier this year revealed that the nonprofit organization was almost broke after the previous governance council had mismanaged funds.

As part of the new changes, the new management was effecting included staff cutbacks that saw 100 people lose their jobs. Tinsman noted that “It’s in the best interest of companies to be fiscally responsible with their platform, their products, and their teams. We need to be product-focused, and that’s what we’ve done. This is a sign of good things to come.”

Also in a thank you message to the NEM community for approving the funding the foundation noted that it would be “working with the relevant community members to go through the process of disbursements of funds and have been in touch with our lawyers in Singapore where NEM Foundation is incorporated. As promised, we will transition into a product-focused and revenue-driven Foundation and will be providing updates regularly.”

So moving forward as the president notes, investors should expect good things from NEM especially price wise.

PUBLISH Will Utilize The NEM Blockchain

The news media arena is set to start reaping the benefits of the blockchain technology soon.

This is after TokenPost, a Korean blockchain based news platform and Kchain, a leading blockchain consultancy company also based in Korea partnered to launch PUBLISH – software that will aid integration processes.

Through the platform, the two entities plan to improve the news media ecosystem in this era of the distributed ledger technology.

PUBLISH describes itself as the “next generation blockchain-powered news publishing software protocol.” Moreover, it aims to distort the news media network designs with a global participation approach.

Feasibility studies done so far show that the protocol is compatible with the practicalities of publishing news content and it’s also economically viable.

The PUBLISH blockchain project will run on the NEM protocol. It will use NEM’s services including the ability to customize assets and use of encrypted messages.

By doing this, the platform hopes to build a network that will satisfy all news industry participants from advertisers, consumers, content creators and editors within the system.

By having distinct roles for different network participants, PUBLISH stands out from other blockchain projects that are trying to implement the same idea.

Publishers and Editors operating on the platform will be custodians of the blockchain based news within the network.

Also, the hybrid decentralized approach that is used to govern the PUBLISH network is expected to enhance transparency and autonomy when it comes to publishing news.

Launch Of A Blockchain Hub For Nem-Based Startups

Recently, NEM launched a blockchain hub in Melbourne Australia. The hub will see NEM representatives provide support to members of the public on blockchain technology and cryptocurrencies.

It will also host blockchain events and educational programs. Most importantly, it will serve as a business incubator and support center for NEM-based blockchain startups.

Australia holds bright prospects for the NEM foundation. The project has lately benefited from local support through partnerships with startups like TravelbyBit.

This new development is expected to positively impact the price of XEM as it was the case recently after NEM was picked up by Mijin, a Japanese based blockchain platform.

Jian Chan, the NEM Foundation lead in Australia and New Zealand has said that the launch of the hub in Melbourne is a definite sign of NEM’s commitment to supporting innovation in both countries.

Already NEM is collaborating with many Startups in Australia including LaunchVic, Blockchain Centre, Stone $Chalk and many more.

NEM has also announced that it’s working on having more Australian partners and there are plans for some NEM based ICOs soon.

Partnership in UAE

A Memorandum-of-Understanding (MoU) has been signed by the NEM team with the Ministry of Community Development (MOCD) in the UAE. This MoU will cover the provision of various consultancy services to MOCD on its future blockchain projects. The UAE has been very progressive in its adoption of blockchain technology as a vehicle to drive its full digitalization policy, which it hopes to achieve in 2019.

This is the latest in a series of partnerships that have been signed with various companies. NEM is also being listed in a number of exchanges such as BitPanda and Kuna Exchange, a Ukraine-based crypto exchange that will offer both crypto and fiat-based pairing with NEM.

NEM (XEM) Price Prediction Updated 1 April 2020

The analyst says that we have an excellent accumulation of XEM.

The exit occurred at an increased volume – which is also a good sign of a trend.

Now the price has huddled in an upward triangle, where the price continues to move further along an uptrend.

But also, I do not exclude another test of support and the trend line.

He has bought in parts of 600 – 560 – 510

Goals – 730 – 860 – 990 – 1140

Cancellation script maintenance and consolidation below 380 satoshi.

The analyst believes we have something to cheer about when it comes to XEM. Below are a few reasons why;

  1. Global bottom.
  2. Easy-to-identify the accumulation phase and the retest.
  3. Minimal risks.
  4. R/R ratio is very nice.
  5. The same is valid for XEM/USD.

Generally, the project is doing well. There will be good fundamentals soon, so he suggests we buy the rumor and sell the news. 

The analyst holds some XEMs from 400-450 sat range, but it’s just the beginning. He believes patience is the only way to triumph here.

XEM/BTC by djhodnett on

The analyst suggests that we should keep it simple!

Looking at XEM on the weekly, we have yet to see a stronghold of support and a higher low play. Because of this, I see XEM going lower, and possibly testing the buy range (green box) before the rise can begin. This is an untested range which many altcoins are following. The 31 Sat’s range offers a high risk to reward ratio. From here, we can see XEM test the previous support levels, which are now resistance. These are the orange boxes. At these levels, the analyst says he would take out around 10-20% of his trade.


Based on the chart, NEM probably bottomed at 410-420 sats. It perfectly held the previous low when the price retest the support/previous low at 410-420 sats.

In addition, RSI shows a strong sign that it is now in an upward trend.

Now, if the price breaks the trendline, it will test the 1st resistance line at 550 sats.

The analyst suggests that you shouldn’t forget to set up a stop-loss because most of the altcoins follow the BITCOIN movement.


Upto 145% ROI expected soon

XEMUSD formed bullish BAT |Upto 145% expected by moon333 on

The analyst says that the Priceline of NEM US Dollar has formed a bullish BAT pattern and entered in potential reversal zone to hit the sell targets soon.

But Volume profile of complete pattern is showing that traders are still interested in trading below the PRZ area and MACD is still bearish moreover the Stochastic is oversold but did not give bull cross sofar, so for secure trade we can wait for MACD to turn weak bearish or stochastic to give bull cross then buy.

Moon333 has used Fibonacci sequence to set the targets:

Buy between: 0.05332389 to 0.04410869

Sell between: 0.07502190 to 0.10839231

Replace the 2nd and 3rd charts with

According to the chart;

  1. There is a global bottom.
  2. Easy-to-identify the accumulation phase and the retest.
  3. Minimal risks.
  4. R/R ratio is very nice.
  5. The same is valid for XEM/USD.

Generally, the project is doing well. There will be good fundamentals soon, so buy the rumor, sell the news.

The analyst admits to be holding some XEMs at the 400-450 sat range and advices us to be patient as that’s the only way to triumph.

According to the analyst;

. NEM/US Dollar is in a range bound, and the beginning of uptrend is expected.

.The price is above the 21-Day WEMA, which acts as a dynamic support.

. The RSI is at 85.


Trading suggestion:

. There is a possibility of temporary retracement to the suggested support zone (0.0575 to 0.0455). If so, traders can set orders based on Price Action and expect to reach short-term targets.


Beginning of entry zone (0.0575)

Ending of entry zone (0.0455)

Take Profits:

TP1= @ 0.0784

TP2= @ 0.1079

TP3= @ 0.1330

TP4= @ 0.1982

TP5= @ 0.2765

TP6= @ 0.3595

TP7= @ 0.4526

TP8= @ 0.7147

TP9= @ 1.1387

TP10= Free

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What Next?

Last year represented a turning point for the NEM blockchain and its token. It signaled some significant changes to the NEM’s ecosystem governance model. And now a new operational structure has been established. The new changes aim to correct previous mistakes and bottlenecks.

As such, the market has responded positively to the changes, and XEM gains over the past few months is a testament to this. With the upcoming launch of Catapult, the gains are expected to continue in the second half of the year, and it would be wise for any investor to add some XEM to their crypto portfolio to ensure they don’t miss out on the upcoming windfall.

Want to learn more about NEM? Check out this guide that explains everything about the project. This guide will teach you how to buy XEM on Binance. Also, once you purchase your XEM, you will want to store them in a safe place, so here is a guide on the best NEM wallets in 2019.

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