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Cryptotips
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NEM Price Analysis: How Much Might be the NEM Cost in 2018\2020?

  • George Shnurenko
    Cryptotips

    What will be the value of NEM coin in 2018, 2020 and in the long run?

NEM Price Analysis: How Much Might be the NEM Cost in 2018\2020?
Cover image via www.123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Being in the top 20 modern cryptocurrencies, NEM promises to become a very prominent project in the nearest future. NEM coin price prediction is not an easy task so let’s find out which factors can influence its cost.

What is NEM?

The NEM foundation that controls the NEM project and XEM coin is a Singapore-based initiative with the main goal to promote the NEM Blockchain technologies. Today, this is one of the most well-established Blockchain technology projects on the market. The permission-based private Blockchain ensures unbeatable security and privacy of transactions– this is what differs it from other Blockchains that are aimed at transparency.

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What makes NEM stand out from the crowd?

NEM infrastructure is based on proof-of-importance, or POI, which makes it more secure and environmentally safe. In comparison with Bitcoin and Ethereum, it doesn’t require mining machines and a lot of electricity. One NEM node can run on a simple and cheap machine. The Blockchain is tailored to provide a perfect security enhanced by precisely localized spam protection and EigenTrust++ for node reputation that’s not used for any other cryptocurrency.

While Bitcoin and Ethereum systems reward miners for generating blocks, they don’t reward users for supporting the network throughput. NEM integrates Supernodes software that rewards users for rendering high powered nodes that provide light wallets with data safely and quickly. Any user with 10,000 XEM can create a harvesting node and get transaction fees based on the POI score.

The main advantages of NEM include:

  • It has a completely new codebase.

  • It is both open source (available on GitHub) and closed source. That helps to protect the project against decompilers.

  • A unique “mosaics” system allows for customizing the assets making them divisible or non-divisible, transferable or non-transferable, etc. The number of mosaics can also be set up.

  • Messaging. NEM transactions can contain encrypted or non-encrypted messages.

  • Namespace– the proprietary domain naming system where users can register their domains. XEM holders can create as many domains and subdomains as they need.

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Key advantages of NEM Blockchain ecosystem

Thanks to versatility and a wide functionality of NEM XEM price prediction is generally positive: this Blockchain is highly competitive.

What NEM price prediction depends on?

There’s a large number of factors that have an impact on NEM future price prediction. Let’s figure out what can accelerate the value of the coin, and which aspect can hinder it.

What contributes to XEM growth?

What can hinder XEM growth?

Catapult update was written in C++ language that will boost the speed of transaction processing considerably. A high level of competition. NEM has to compete with many well-established protects with the focus on smart contracts, assets and blockchain solutions for individual and corporate use. Ethereum, NEO, and Ardor are claimed to be the primary competitors.
A wide range of real-world use cases starting from logistics and finishing by voting systems. NEM ecosystem can be implemented in different spheres – the adoption of the platform is widely encouraged. NEM has already proved to be useful for the Japanese Mijin commercial Blockchain. Poor adoption. The main factor defining NEM success will be the ability to reach popularity and global adoption. There must be a sufficient amount of corporate users and developers to build projects on the top of this platform.
NEM.io foundation aims to promote the use of NEM Blockchain and has announced to make a  $70 mln investment to drive the development of local companies. Hacking. After hacking and theft of 523 mln NEM tokens, the authority of the project has been slightly damaged.

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NEM price prediction for 2018

At the moment of writing (June 2018), NEM price is close to $0.2. In 2017, NEM experienced considerable volatility– its price ranged from $0.0036 to $2.01. In the future, such fluctuations aren’t expected to take place, however, NEM price prediction 2018 varies considerably. While some experts say it can rise to as much as $0.86, Longforecast.com shows the price of NEM can go down to $0.11 by the end of the year. Since we’re still waiting for the new Blockchain version of NEM XEM price prediction 2018 can change considerably.

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What’s further?

When it comes to price prediction 2019 NEM crypto Facebook forecasts seem to be the most positive– it’s expected to hit the threshold of $1. According to other tech sectors, the price will rise to $0.5-0.3. Although it doesn’t seem to be rising on a terrific speed, NEM’s growth is stable.

NEM price fluctuations

NEM crypto price prediction 2020 isn’t much different: while Facebook claims the coin can reach $2.3, other sources predict it to reach $0.8-0.3.8. Anyway, judging by the most pessimistic NEM price prediction 2020, a long-term investment can pay off slightly.

What about NEM coin long-term price prediction? By 2024, the coin can overcome the threshold of $100 and even $150. However, this can happen only in case NEM Blockchain withstands a high level of competition, which is hard considering the number of new Blockchain projects popping around.

If you check Wallet Investor NEM price prediction it becomes clear that the growth of the coin won’t be overwhelming, but a steady rising of its value is guaranteed. Therefore, investors in search of reliability should consider XEM for their portfolio: even if you witness the realization of the humblest NEM price prediction, your wallet fund can surely increase by 100-200 percent in a couple of years.

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About the author

George Shnurenko is a Bitcoin and cryptocurrency enthusiast, financial analyst and writer. He's majoring in history but he believes that the digital currency which has taken the world by storm will bring about change to all us humans. 

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Telegram to Ask Court Not to Classify Gram Tokens as Securities During February Hearing: Details

  • Alex Dovbnya
    📰 News

    The February court hearing is expected to put an end to the legal battle between Telegram and the SEC by determining whether Grams are securities

Telegram to Ask Court Not to Classify Gram Tokens as Securities During February Hearing: Details
Cover image via www.123rf.com

Telegram will ask the court rule against classifying their Gram tokens as securities during the upcoming February hearing, according to a letter to TON investors that was obtained by U.Today. 

As reported by U.Today, Telegram was slated to voice its arguments against the US Securities and Exchange Commission (SEC) on Oct. 24. However, a new court filing shows that the hearing has been postponed to Feb. 18-19, 2020.

IT IS ORDERED that Defendants shall not offer, sell, deliver, or distribute “Grams” toany person or entity, until the conclusion of the hearing scheduled by the Court for February 18and 19, 2020 (“Hearing”), except upon further order of the Court or agreement of the parties.

The Telegram team states that the hearing that is scheduled to take place in February is fundamentally different from the one that was supposed to happen in October. Telegram expected the court to put an end to the ongoing dispute by ruling on the "core arguments" that their Gram token is not a security. 

The October 24 hearing, in contrast, was only to consider whether a delay should have been mandated, without conclusively resolving the core argument. 

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On Oct. 17, Telegram filed a response to the SEC where it states that its native token "will merely be a currency or a commodity." One day later, the regulatory watchdog asked the court not to reject its request for a preliminary injunction against the Pavel Durov-helmed company, adding that its argument about Grams not being securities wasn't convincing.

Telegram will make sure that its position is presented "as strongly as possible" during the forthcoming hearing. 

The Telegram Open Network (TON) was scheduled to go live by Oct. 31 (otherwise, Telegram would have to return money to its investors). However, the SEC sued the messaging giant for allegedly running an unregistered ICO, which forced the company to delay the launch of its network to Apr. 30, 2020 while trying to cut a deal with its investors. 

Subscribe to U.Today on Facebook, and get involved in all top daily cryptocurrency news, stories and price predictions!

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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