NEM / XEM crashed to $0.86 before WeChat Integration
Earlier reported by DND, the NEM/XEM coin which set a new high record of $1.11 could not sustain the market rate and has crashed down to 0.86. However a few days ago the coin was priced at $0.5.
While talking about NEM, we would also like to share that the Bitcoin bubble also burst and now 1 BTC is priced at $16,469 instead of $20,000 as we speak. The coins that sustained the cryptocurrencies crash were Monero, Ethrerium, and Litecoin.
Will Xem price spike?
Recently, NEM released an official statement that “NEM’s community developer independently created the NEM application on the “WeChat mini app” platform, and it’s currently in beta online testing”. Considering that WeChat is widely used in China and WeChat is 6th larget company in the communication world and this will be something big for NEM coins.
For more insights kindly watch the video below
We all know that China is a silent supporter of cryptocurrency and most of the crypto coins are mined in China so this is going to be a bigger market for NEM and other coins. The interesting news is that after China, Saudia Arabia is also looking forward to studying Bitcoin and cryptocurrencies.
NEM or XEM is the 7th largest cryptocurrency in the world right now by market cap. It was originally launched in March 2015. To understand XEM/NEM in depth, Kindly review the video below
In our opinion, XEM is going to be the next reality of crypto world since its effective, eco-friendly and easy to use. The other bright side of XEM is that it can replace Paypal, Skrill or any other payment merchant in near future.
In the next article, we are going to review that how can you earn Nem coins through harvesting. However, their are two ways to go around NEM harvesting, connecting to a remote node or delegated harvesting on a local machine.
