In this guide, we will voice our own and market’s opinion on XEM future while discussing NEM price forecast for 2024 and beyond.
Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like NEM.
Now, let’s head into it. Before we delve deep into the NEM price prediction and answer questions if XEM is a good investment or not, why will XEM succeed or fail or why will NEM price rise or drop, let’s quickly throw a glance at what is XEM and its to date history.
What you'll learn 👉
What is NEM/XEM?
The XEM coin is one of the older batch of cryptocurrencies on the market, and the NEM blockchain was created well before the 2017 ICO craze. But what is NEM? And what is the function of the XEM cryptocurrency?
Similar to Ethereum, NEM is a platform that offers multiple features and the XEM token is designed to be part of a new, smarter economy.
XEM isn’t “mined” or “staked” like a traditional currency using PoW or PoS consensus algorithms. Instead XEM is “harvested” through PoI, which works more like a company pension plan than an interest-bearing savings account (which PoS cryptocurrencies like Tezos also somewhat resemble).
XEM Price Prediction For The Next 90 Days
Following the landmark approvals of Bitcoin ETFs in early 2024, there has been a surge in interest from both retail and institutional investors. This could be a game-change for crypto. With the regulatory landscape beginning to stabilize and provide clearer guidelines, the cryptocurrency market is poised for a transformative finish of the year. At least this is what crypto traders hope for. Bitcoin ETF approvals were done in early January, setting a positive tone for the market. Now, attention is turning towards post-halving rallies, with the BTC halving and ETH ETFs now well behind us. Ripple was also fined to pay $125 million to SEC based on the most recent ruling decision. This is considered as another victory for XRP. Bitcoin has almost tripled in price since last summer, with the upcoming US elections expected to further boost Bitcoin, Ethereum, and the broader crypto market. Bitcoin is trading around $95-100k now after hitting an all time high of around $107k in mid-December. Ethereum also had its own ETFs approved by SEC. The ETH price is currently around $3,300 and still has not broken its ATH from the 2021 bull run. Investors are hopeful this will happen soon. The majority of investors, traders, and crypto influencers are hopeful that the peak of the bull run will happen in mid-2025, bolstered by the recent ETF approvals, historical post-halving rallies and typical 4-year cycles. Some of the hottest sectors last year were memes, RWA and AI projects.
Below is a tabular overview of how will XEM develop in the short-term (for the next 90 days), according to our prediction model:
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NEM Price Prediction 2024
The cryptocurrency market has shown promising signs for gains in the first few months of 2024, with Bitcoin leading the charge. BTC has first seen an impressive gain, hit new ATH of around $73k in March, but then retraced during the summer. However, the BTC price again had a strong rally in late 2024 and hit an all time high of over $107k in December. Total market capitalization is currently at around $3.25 trillion (it was around $1 trillion in June 2023).
Bitcoin halving happened in April and historical data tells us the BTC price starts to rally 6-12 months after the halving, so we are in that period now. Ethereum ETFs are now also a done deal.
However, the growing interest in various cryptocurrency sectors, such as meme coins, real-world asset (RWA) coins, and AI crypto coins, has also contributed to the bull run, showcasing the market’s evolving nature and its ability to adapt to new trends and technologies.
All in all, the whole crypto community is preparing for the next leg up in this bull run.
CaptainAltcoin’s prediction model takes market sentiment into an account and reacts accordingly. Below is a month-by-month breakdown for the next 12 months:
XEM Price Prediction 2025 – 2030 – 2040
Our prediction model sees NEM faltering in 2025 and dropping down to $0 or almost $0.
XEM price in 2030 & 2040 could be close to zero as we don’t see a bright future for it in the distant future. The project offers no unique value to set itself apart from countless competitors, hence we don’t think it is worth investing in this coin for the long term.
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