In this guide, we will voice our own and market’s opinion on XEM future while discussing NEM price forecast for 2023 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 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
The whole crypto world is on a verge of a complete breakdown. Bitcoin has fallen 75% from its all-time high amid broader market declines caused by raging inflation and US Fed rate hikes. When add the most recent melt-downs of huge industry players (FTX, Celsius, Luna etc) into the equation, the horizont is murky and there will be more blood on the streets of the crypto town. Investors are selling risky assets and moving into more stable markets. Crypto is still perceived as a very risky play and hence the sell off. Our algo still sees a some green in 2023, especially in the second part of the year. This is reflected in our 2023 predictions. Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend. Once Bitcoin settles in the new price range, altcoins will start to do the same - we have witnessed this scenario dozens of times in the distant and more recent history. Our price prediction model is bearish for the next 90 days with a hint of a bull market at the turn of the quarters from Q1 to Q2. We expect whales and other bigger players in the market to finish filling their bags around that time which will cause a typical and sudden crypto spike. CaptainAltcoin team created a price prediction model with a multi-faceted approach to crypto that takes into account both technical analysis and fundamental assessment of each project. Fundamentals that we evaluate are team, tokenomics, use case, community, marketing efforts, liquidity and exchange availability, hype & speculative potential and some other proprietary factors developed in our crypto lab.
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 2023
High inflation and extremely unsafe macro situation reflected heavily on Bitcoin price in 2022. When we take the internal crypto troubles with big players like FTX, Celsius, Voyager, Luna going down, 2023 is not looking too good for the bulls. We will probably see a lot of boring sideways price action with a tendency to slip lower with each minor market tremor.
CaptainAltcoin’s prediction model takes market sentiment into an account and reacts accordingly. Below is a month-by-month breakdown of the last months of 2022 and 2023:
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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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com