- Bullish XEM price prediction ranges from $0.049 to $0.096.
- XEM price might also reach $0.1 this 2022.
- XEM’s bearish market price prediction for 2022 is $0.036.
Nem is an open-sourced blockchain project that supports peer-to-peer transactions. Its native token is called XEM.
Nem investors are bullish on the token since it has a return on investment (ROI) of over 566 times in the past seven years. The crypto bubble in December 2017 and early January 2018 led to an increase in the price of XEM to its present all-time high (ATH) of $2.09, which was attained in January 2018. Irrespective of the recent crypto winter, XEM investors are confident that the future of XEM is bullish despite the token not being able to break its previous psychological resistance level after attaining this price in 2018.
If you are interested in the future of Nem (XEM) and would like to know the price analysis and price prediction of XEM for 2022, 2023, 2024, 2025, 2026, and 2030, keep reading this Coin Edition article.
What is Nem (XEM)?
Nem is an open-source blockchain platform that enables peer-to-peer transactions with ease. It was launched in 2015 as a hard fork of NXT. One of its co-founders, Lon Wong, resigned in April 2018 to form his own fintech company called Dragonfly and ProxiMax. Presently, the NEM Foundation is headed by the firm’s current president, Alexandra Tinsman.
Nem stands for New Economy Movement since it enables developers and companies to launch their decentralized applications on its platform seamlessly. The Nem blockchain operates on the proof-of-importance consensus mechanism but later launched Symbol in 2021. This has enabled the network to remain competitive in the growing crypto market.
Nem is one of the blockchain networks with good scalability since it can complete 4,000 transactions per second (TPS). The cost of moving XEM to other users within the Nem blockchain is very minimal. Users can transfer 10,000 XEM at a cost of 0.05 XEM, which is $0.0022 at the present rate of $0.044 at the time of writing.
With the launch of Symbol in 2021, Nem Foundation has provided individuals and governments with a platform that is unique to their needs by using the Java programming language. Some of the governments that have used this opportunity to build customized blockchains include Ukraine, Malaysia, and Lithuania.
Nem (XEM) Current Market Status
The maximum supply of XEM is 8,999,999,999 XEM, while its circulating supply is 8,999,999,999 XEM. according to CoinMarketCap. At the time of writing, XEM is trading at a price of $0.044, which represents a 24-hour decrease of 1.97%. The trading volume of Nem in the past 24 hours is $27.54 million, which represents a 151% increase.
Some of the top cryptocurrency exchanges for trading Nem (XEM) are Binance, Huobi Global, Gate.io, and Kucoin, among others.
Now that you know what Nem is and its current market status, we shall discuss the price analysis of Nem (XEM) for 2022.
Nem (XEM) Price Analysis 2022
Currently, Nem is ranked 87th on CoinMarketCap’s list of the biggest cryptocurrencies in terms of market capitalization. Will developments and upgrades within the Nem community lead to the rise in the price of Nem (XEM)? We shall see in this Coin Edition price analysis.
Nem (XEM) Price Analysis – Keltner Channel
The Keltner Channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. Based on the Keltner Channel signals for Nem (XEM), the present bullish run could continue since the recent candlesticks are within the first half of the chart from the bottom. Also, since the last candlestick is bullish, the present increase in the price of XEM might be sustained before any reversal would be expected.
Nem (XEM) Price Analysis – Relative Strength Index
The Relative Strength Index (RSI) is a technical analysis indicator that measures the relative momentum in the magnitude and speed of recent price changes of an asset to deduce whether a coin is an oversold or overbought asset. The RSI value of Nem (XEM) 1-Day chart of XEM/USDT is at 45.67. This shows that XEM is showing a neutral trend since it is between 30 and 50. This value could trigger a further bullish run if more buyers could be attracted to gain from the expected price increase to the 50 RSI value, which is the strong trend region, before any price correction soon.
Nem (XEM) Price Prediction – Moving Averages
The chart above shows the 1-Day chart of XEM 200-day and 100-day Moving Averages (MAs). Presently, XEM is on a bullish trend as indicated in the recent uptrend. Since the 200-MA is above the 100-MA, we can deduce the price is bullish for long-term hodlers.
Also, since the gap between the moving averages is wide and above the recently formed candlesticks, the price of Nem (XEM) might experience a big rise or fall in the future.
Nem (XEM) Price Prediction 2022
By looking at the daily chart of XEM/USDT, the XEM price is swinging from $0.057 resistance2 to $0.049 resistance1 after touching the support levels of $0.041 and $0.036. It reversed from the support level of $0.041 and now going sideways in the market and is expected to be bullish in the coming weeks.
Meanwhile, our long-term XEM price prediction for 2022 is bullish since it cannot break the present support level soon. We can expect XEM to reach $0.1 in 2022.
Nem (XEM) Price Prediction – Resistance and Support Levels
This bullish chart shows that the price of XEM has decreased by 13.1% in the past 14 days. If this price decrease reverses, XEM could break the $0.049 resistance1 level and move higher to $0.096 at the resistance6 level.
However, if sellers have their way, the price of XEM might be dethroned from its present uptrend position. In simpler terms, XEM might trend below the $0.036 support3 level, a bearish signal even lower in 2022.
Nem (XEM) Price Prediction 2023
Nem (XEM) could end 2022 with a relative strength index (RSI) value that is more than 50. This shows that the trend is strong and bullish as it trades above $0.096 by the end of 2022. Hence, we could expect the price of NEM to surge to at least $0.2 by the end of 2023 with more adoptions of its proof-of-importance (PoI) blockchain by governments.
Nem (XEM) Price Prediction 2024
There will be a Bitcoin halving in 2024. Hence we should expect a positive trend in the market due to user sentiment and the quest by investors to accumulate more of the coin. Since the Bitcoin trend affects the direction of trade of other cryptocurrencies, we could expect XEM to trade at a price not below $0.3 by the end of 2024.
Nem (XEM) Price Prediction 2025
We should expect the price of XEM to trade above its 2024 price due to the possibility of most cryptocurrencies breaking more psychological resistance levels due to the 2024 Bitcoin halving. Hence, XEM could end 2025 by trading at a price of around $0.6.
Nem (XEM) Price Prediction 2026
Since the maximum supply of XEM has already been accumulated, it is possible that the bearish market that follows a strong bullish run will have little impact on its previous price due to the entrance of more institutional investors to its platform. With this, the price of XEM could break the normal trend and trade at $0.7 by the end of 2026.
Nem (XEM) Price Prediction 2027
Investors will be expecting a bullish run in 2028 due to Bitcoin halving. Hence, the price of XEM could consolidate on the previous gains and even break more psychological resistance levels due to investors’ positive sentiment. Hence, XEM could trade at $1 by the end of 2027.
Nem (XEM) Price Prediction 2028
In 2028, there will be another Bitcoin halving. Hence, the consolidating market in 2027 could be followed by a bullish run. This is due to the impact of news surrounding any year of Bitcoin halving. It is, therefore, possible that the market could attain higher high values. Nem (XEM) could hit $2 by the end of 2028.
Nem (XEM) Price Prediction 2029
By 2029, there could be a lot of stability in the price of most cryptocurrencies that had stayed for over a decade. This is due to the implementation of some of the lessons learned to ensure that their investors retain confidence in the project. This impact, coupled with the price surge that follows a year after Bitcoin halving, could surge the price of XEM to $4 by the end of 2029.
Nem (XEM) Price Prediction 2030
We could expect the price of Nem (XEM) to trade around $5 by the end of 2030, irrespective of the previously bearish market that followed a market surge in the previous years.
As said above, XEM might reach $0.1 in 2022 and $5 by 2030 if investors have decided that XEM is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum.
XEM is the native token of the Nem blockchain. It is used in the payment of transaction fees within the blockchain.
Like other cryptocurrencies, Nem (XEM) can be traded in cryptocurrency exchanges like Binance, Huobi Global, Gate.io, and others.
XEM has a low possibility of surpassing its present all-time high (ATH) price of $2.09 in 2022.
It was launched in 2015.
Nem (XEM) price is expected to reach $0.2 by 2023.
Nem (XEM) price is expected to reach $0.3 by 2024.
Nem (XEM) price is expected to reach $0.6 by 2025.
Nem (XEM) price is expected to reach $0.7 by 2026.
Nem (XEM) price is expected to reach $1 by 2027.
Nem (XEM) price is expected to reach $2 by 2028.
Nem (XEM) price is expected to reach $4 by 2029.
Nem (XEM) price is expected to reach $5 by 2030.
Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. CoinEdition and its affiliates will not be held liable for any direct or indirect damage or loss.