• Home
  • About Us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact
7 June Wednesday, 2023
TurkishNY Radio
  • Home
  • Business
  • Economy
  • Cryptocurrency
No Result
View All Result
  • Home
  • Business
  • Economy
  • Cryptocurrency
No Result
View All Result
TurkishNY Radio
No Result
View All Result
Home Cryptocurrency

XEM Coin Weekly Analysis And Price Prediction

This year's "Bomb" coin could be XEM. Definitely keep an eye on XEM!- support and resistance points.

Sean Odhran by Sean Odhran
16 April 2023
in Cryptocurrency
Reading Time: 3 mins read
0
Factors Influencing XEM Price

This article will analyze the XEM coin according to coinmarketcap data. First, we will discuss the XEM coin and its projects and make technical and graphic analyses. The analysis we will do in the weekly period will help the investors to take risks and manage their portfolios.

What is XEM Coin?

XEM (New Economy Movement) is a cryptocurrency that operates on its NEM blockchain. It was first introduced in 2015 and aimed to provide a faster, more secure, and more efficient platform for decentralized applications and peer-to-peer transactions.

YOU MAY BE INTERESTED

Rabby-Wallet-Your-Ethereum-Compatible-Wallet-Alternative

Rabby Wallet: Your Ethereum-Compatible Wallet Alternative

7 June 2023
Binance-Facial-Verification-Troubleshooting-Guide-for-Failed-or-Not-Working-Issues-2

Binance Facial Verification: Troubleshooting Guide for Failed or Not Working Issues

5 June 2023

What are the projects of XEM?

One of the main projects of XEM is developing the Catapult blockchain engine, designed to improve the speed and scalability of the NEM blockchain. This technology allows for faster and more efficient transactions and the ability to support a broader range of decentralized applications.

Another important project for XEM is the development of its decentralized exchange, called NEMspay. This exchange will allow for the trading of XEM and other cryptocurrencies without a centralized exchange, providing more security and privacy for users.

XEM Coin Weekly Analysis And Price Prediction

Factors Influencing XEM Price

There are several factors that can influence the price of XEM coin, including:

Overall cryptocurrency market sentiment:Like all cryptocurrencies, the price of XEM can be influenced by broader market trends and sentiment.

Adoption and usage of the NEM blockchain:The more people and businesses that use the NEM blockchain and its associated technologies, the more demand there will be for XEM.

Competition from other cryptocurrencies:XEM faces competition from other blockchain projects that offer similar features and benefits.

Regulatory environment:Changes in regulations or government policies regarding cryptocurrencies can impact the price of XEM and other cryptocurrencies.

Technological developments:The success of projects like Catapult and NEMspay can positively impact the price of XEM as they increase the usefulness and value of the NEM blockchain.

XEM COİN TECHNICAL ANALYSIS

After hitting its historic high of $0.8645 in March 2021, XEM has dropped nearly 97% in two years, down to $0.0283. XEM is currently trading at $0.0418. According to coinmarketcap data, XEM, which has a size of $375,978,256, has had a volume of $11,040,096 in the last twenty-four hours.

xem analysis

XEM Chart Analysis

After seeing the high value of $ 0.8645 in March 2021, XEM fell to $ 0.0283 after being in a downtrend for almost two years and losing 97% value. XEM, which broke the rising trend at the beginning of 2023 and started to rise, reached 0.0423 but could not maintain the rise until 0.08. If you start testing on XEC 0.0423, trading very close to the resistant areas for weeks, you will see a rapid rise. 0.0423 horizontal blocking would be $0.0909 above the initial target. Selling pressure in the market may cause XEM to recover toward $0.0283.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their research when deciding. This article does not include investment advice or suggestions. Every investment and trading move involves risk, and readers should perform their analysis when determining.

It may get your attention:
  • How to Easily Bridge from AVAX to MATIC
  • BAT Token Weekly Analysis And Price Prediction
  • CVX Token Weekly Analysis And Price Prediction
ShareTweetSharePinSend
Previous Post

Finance Books for Teens About Money Management in 2023

Next Post

Valery Vavilov’s Net Worth: One of the Most Successful Crypto Entrepreneurs

Sean Odhran

Sean Odhran

Financial Writer Hello there, my name is Sean, and I'm a financial reporter with a particular interest in the world of cryptocurrency. I'm passionate about delivering accurate and insightful reporting that helps my readers navigate the complex world of finance and make informed decisions about their investments.

SIMILAR NEWS

Rabby-Wallet-Your-Ethereum-Compatible-Wallet-Alternative
Cryptocurrency

Rabby Wallet: Your Ethereum-Compatible Wallet Alternative

7 June 2023
Binance-Facial-Verification-Troubleshooting-Guide-for-Failed-or-Not-Working-Issues-2
Cryptocurrency

Binance Facial Verification: Troubleshooting Guide for Failed or Not Working Issues

5 June 2023
Best-Crypto-Exchange-in-the-UK-for-2023-Crypto-Landscape
Cryptocurrency

Best Crypto Exchange in the UK for 2023: Crypto Landscape

5 June 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

NEWS FEED

Rabby-Wallet-Your-Ethereum-Compatible-Wallet-Alternative
Cryptocurrency

Rabby Wallet: Your Ethereum-Compatible Wallet Alternative

7 June 2023
Binance-Facial-Verification-Troubleshooting-Guide-for-Failed-or-Not-Working-Issues-2
Cryptocurrency

Binance Facial Verification: Troubleshooting Guide for Failed or Not Working Issues

5 June 2023
Best-Crypto-Exchange-in-the-UK-for-2023-Crypto-Landscape
Cryptocurrency

Best Crypto Exchange in the UK for 2023: Crypto Landscape

5 June 2023
Koinly-vs-TaxBit-A-Detailed-2023-Comparison
Economy

Koinly vs . TaxBit: A Detailed 2023 Comparison

5 June 2023
DMCA
PROTECTED
TurkishNY Radio

Site Navigation

  • Home
  • About Us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact

TurkishNY Radio

No Result
View All Result
  • Home
  • Business
  • Economy
  • Cryptocurrency

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.