This content represents the writer’s opinions and research and is not intended to be taken as financial advice. The information presented is general in nature and may not meet the specific needs of any individual or entity. It is not intended to be relied upon as a professional or financial decision-making tool.
Investors today want to diversify their investments by buying up digital assets. Since cryptocurrencies are the most lucrative investment, many are keeping a close eye on them. However, it is much riskier compared to stocks, ETFs, etc.
Nonetheless, choosing the right coin will help you reap good returns. Many investors don’t tend to pay attention to the coin they buy.
Since the coin is available for a price well below $1, it is ideal for investors that want to start with a small amount of money.
Let’s look at the future NEM (XEM) price prediction for 2023, 2024, 2025, and 2030. You can understand how NEM (XEM) prices will play out in the next few years. But before that, let’s get an overview of NEM (XEM) to understand what it offers.
Table of Contents
- NEM (XEM) Overview
- NEM (XEM) Price Prediction 2023
- NEM (XEM) Price Prediction 2024
- NEM (XEM) Price Prediction 2025
- NEM (XEM) Price Analysis
- 2022
- NEM (XEM) Prediction Conclusion
- FAQs
- What is the expected trading value of the NEM (XEM) coin in 2023?
- Can NEM (XEM) coin reach a $10 value?
- Will NEM (XEM) coin price increase or decrease in the coming years?
- What is the present value of the NEM (XEM) coin in the crypto market?
- Is NEM (XEM) coin a good investment in 2023?
- What will NEM (XEM) coin value be by the end of 2030?
NEM (XEM) Overview
NEM foundation created the NEM in 2015. The NEM is a fork-out for NXT, a blockchain-based digital crypto coin and a platform to make payments. Soon after its creation, NEM.io planned on creating its codebase. The aim was to make NEM much more scalable and quicker than NXT.
As a result, it led to the emergence of a new NEM cryptocurrency platform. It later went on to develop its crypto, known as XEM. While the currency is not widely popular for payments like Bitcoin or Ether, its value has rapidly increased. The coin enjoys having one of the highest market capitalizations compared to other cryptocurrencies.
The coin has seen ups and downs throughout the past few years since its launch. So, investors looking to invest in crypto coins should keep a close eye on it.
This way, they can know when it’s the right time to invest in this cryptocurrency. Below is the statistical overview of the NEM (XEM) coin so you can get a better idea about it.
Like every other crypto coin, the NEM (XEM) also experienced a surge in its value in 2017 and 2018. However, the prices fell drastically after the bubble burst, and the NEM (XEM) coin lost more than 80% of its value within the next two months of reaching its all-time high price.
The coin experienced growth in 2021 for various reasons, such as the increased popularity of NFTs, Elon Musk’s comments about crypto coins, etc. But, the NEM (XEM) is experiencing a downward trend due to the bearish crypto market.
Experts believe it has the potential to bounce back in the next few years. Let’s review the experts’ price prediction for the NEM (XEM) in 2023.
NEM (XEM) Price Prediction 2023
Many financial experts believe that the NEM (XEM) price will increase its value. If the market indicators stay positive for the first two quarters in 2023, there is a good chance that the NEM (XEM) will end on a high note.
However, the crypto market is highly volatile, and we expect to see a rise or fall in the NEM (XEM) coin’s value. Experts believe that the average trading price of the NEM (XEM) will stay in the range of $0.083 to $0.084 in 2023.
If the crypto market experiences a bull run, the highest possible trading price for the coin can be $0.095 to $0.096. On the other hand, the lowest trading price that experts predict for the NEM (XEM) coin is $0.081 to $0.082.
NEM (XEM) Price Prediction 2024
2024 might be the year for various cryptocurrencies, such as NEM (XEM). The growing demand for NFTs and other digital assets might push the value of these coins up. Furthermore, we can expect various innovations and other digital assets to come into the market.
These things can increase the NEM (XEM) coin’s value in 2024. After analyzing the experts’ predictions and the findings of multiple AI-powered tools, we expect the average trading price of the NEM (XEM) coin to stay at $0.12.
There is a probability that the coin might outperform these predictions and can reach the maximum trading value of $0.14. On the flip side, experts believe that the lowest trading value for the coin can be around $0.11. Therefore, the NEM (XEM) might be a top coin that crypto investors should look out for in 2024.
However, before investing in the crypto market, you must understand that these price predictions are subject to change. Many experts analyze the previous price trends to come up with a forecasted price.
They don’t have financial statements or ratio analyses to determine the future performance of crypto coins. It is one of the reasons that the crypto market is highly volatile.
NEM (XEM) Price Prediction 2025
As more and more companies are looking to take advantage of blockchain technology, we can expect it to become more common than today. It can help change the companies’ perception regarding crypto coins, and more businesses might start accepting them as a payment mode.
Therefore, experts forecast that the average trading price of the NEM (XEM) coin will be around $0.17. The highest trading price that experts predict for this coin is $0.20. If the market is bearish, we can expect the lowest trading value for the NEM (XEM) coin to be around $0.15 to $0.16.
There is a possibility that the price might be higher or lower than these estimates. These price predictions by different tools assess the future price trends to give you a rough estimate. So, investors should refrain from deciding by only considering these price predictions.
NEM (XEM) Long-Term Forecast 2030
The uncertainty causes the coin prices to fluctuate every second. Therefore, getting an accurate long-term forecast for 2030 can be challenging for experts. Nonetheless, the analysis from various price forecast tools tells us that the average price of the NEM (XEM) coin will stay around $1.02 to $1.05.
NEM (XEM) Price Analysis
The NEM (XEM) coin’s ICO (Initial coin offering) was available for investors in 2015. The coin has been in the market for more than seven years. While the coin didn’t see a significant rise in value by April 2017, its value spiked in the next few months due to the crypto boom. The coin went from $0.0634 on 5th May to $1.79 by 1st January 2018.
However, the price crashed drastically over the next six months. By 2018, the NEM (XEM) coin was trading at $0.05. The market crash wiped out a significant portion of investors’ wealth in the crypto market.
The coin value again saw a surge in 2021 because of the growing demand for NFTs and digital assets in the metaverse games. Since crypto coins made it possible to buy, sell, and trade these digital assets, there was an increased demand for the NEM (XEM) coin. However, the recent crypto crash has caused the price to plummet.
2022
2022 for New Era Mining (NEM) was not great, as the asset had started to traverse back to its initial lows. On the first day of 2019, XEM was trading at $0.122. It hit its multi-month low of $0.0884 on January 22, and then, as the bulls took over, it went up to $0.1217 on February 10.
The price initially fell due to the uncertainty caused by the Fed’s rate hike. However, recovery on March 16 helped the market close the quarter at $0.1266. This was due to the emergence of an uptrend.
The second quarter was very challenging for altcoins as it was for the broader market. After starting out at $0.074, the price of NEM dropped dramatically and ended the quarter at $0.0395.
The current price of NEM is around $0.03. XEM is currently ranked 94th in the crypto ecosystem. Its circulation supply is around 8,999,999,999 XEM, and it has a market cap of $301,152,922.25.
NEM (XEM) Prediction Conclusion
Experts predict that the NEM (XEM) coin can reach an average market value of $1.02 to $1.05 by 2030. If investors invest in this coin today, they can see a massive gain on this coin. But before investing in crypto coins, you need to have a proper understanding of the market trends.
Since the coin’s value is subject to changes in the market, investors need to keep a close eye on it. Also, they need a long-term strategy to know when to exit the market. Most investors anticipate that the market will bounce back again, and they continue to take on losses.
Having a clear plan regarding the profits or losses you want to incur on your initial investment is better.
FAQs
Let’s look at the answers to some questions that investors commonly have about the NEM (XEM) coin.
What is the expected trading value of the NEM (XEM) coin in 2023?
The increasing number of people adopting the New Era Mining protocol is expected to boost the demand for XEM. This will also help the asset integrate its blockchain into various applications. The long-term trend for the asset is expected to be positive as the mass interest will lead to higher prices. However, if the altcoins are falling prey to the bears, then the average price might be around $0.0752.
Can NEM (XEM) coin reach a $10 value?
There is an accurate way to tell whether NEM (XEM) coin reaches a $10 value. Yet, we cannot rule out this possibility in case of businesses adopt the crypto coin as a mode of payment. If cryptocurrency becomes the top form of investment, there is a good chance that the NEM (XEM) coin will hit the $10 mark.
Will NEM (XEM) coin price increase or decrease in the coming years?
There is no accurate way to tell whether the NEM (XEM) coin will increase or decrease in the coming years. According to various prediction tools, the NEM (XEM) coin has the potential to increase in the coming years. But, the highly volatile crypto environment makes it difficult for experts to tell accurately.
What is the present value of the NEM (XEM) coin in the crypto market?
The price of NEM has risen by 1.85% in the past 7 days. The price declined by 1.78% in the last 24 hours. In just the past hour, the price grew by 0.26%. The current price is BGN 0.0608 per XEM. NEM is 98.41% below the all time high of BGN 3.83.
Is NEM (XEM) coin a good investment in 2023?
NEM (XEM) coin has the potential to grow in the coming years. Many experts believe that the coin will cross the $1 mark by 2030. However, the lack of financial backing makes it difficult to tell whether or not the NEM (XEM) coin is a good investment in 2023.
What will NEM (XEM) coin value be by the end of 2030?
The experts predict the average NEM (XEM) coin value to be around $1.02 to $1.05 by the end of 2030. The highest trading value for the coin is expected to be $1.26, and the lowest value is $1.02.
WeInvests is a financial portal-based research agency. We do our utmost best to offer reliable and unbiased information about crypto, finance, trading and stocks. However, we do not offer financial advice and users should always carry out their own research.
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