NEM (XEM) is certainly in top 20 on coinmarketcap rankings but a coin which is lesser-known among other top altcoins. But XEM is coin with much stability and steadiness in crypto market. NEM (XEM) is more focused on achieving the goal of speeding up the blockchain based transactions through a different type of algorithm known as proof-of-importance (PoI) algorithm. That’s what has caused the developers and investors to have interest in XEM and the coin is ready to go global.
What really makes NEM to perform better? XEM is based on such a blockchain technology which always pushes it to perform better. It’s mechanism manages a much secure ledger of transactions compared to a traditional database. NEM’s blockchain was developed to enhance it’s scale and speed. Rather than smart contracts NEM focuses on smart assets. XEM smart asset system has totally modified the use of blockchain. This system increases the stability as well as the security of the system and that’s what those companies need who are really concerned about the security of the system. NEM’s system represent an individual unique asset such as a document, or a song, or a package. You can then update that asset through configurable transactions. It is a reliable and trustworthy system introduced by XEM.
The uniqueness of NEM comes with the use of PoI i.e the proof of importance algorithm. This shows that it better than Bitcoin (BTC) and Ethereum (ETH), which makes it more beneficial and secure. So unlike BTC and ETH mining, XEM has a cheap mining system which do not requires hundred and thousands of hogging mining machines.
The Eigentrust++ reputation system makes it more secure because this system is only used by XEM. Much more features that make it unique are the multi-signature accounts on the blockchain, and do not require trusting a third party in order to have a multi-signature account. NEM has made, making or editing multi-signature contracts as easy as a few clicks, again making it different from BTC and ETH.
What Investors need to look about NEM (XEM)..
XEM is a dark horse among some big altcoins. A coin with so much qualities, that’s what cryptocurrency needs and the world is looking for. For those investors who doubt a lot on market, this is the best coin they need to look for. A coin which is in top 20, is secure, scalable, is different from other altcoins and most important of all it is a stable coin. If you’re looking to invest in lesser-known cryptocurrencies which can provide you with a decent upside, NEM is a good option for you. Although it might not provide you with high profit but considering the fact that it offers you returns with stability.
Market Performance of NEM (XEM)
XEM is trading at a price of $0.08 USD and market cap of $795,038,866 USD (at the time of writing). Currently, the coin stands on 17th spot on the coin market list. The coin has way much to offer in future as it targets to pass it’s all time best price of $1.90 USD. It just needs a bullish run just like the one earlier in 2018 and it seems that the bullish run is not far away and it can do wonders for NEM. Investors need to keep a look at makret price of NEM in future.