Key takeaways
- NEM price prediction suggests that the coin’s price can increase to the $0.0234 level by end of 2024.
- By 2027, NEM may achieve a peak price of $0.0694 with an average price of $0.0612.
- In 2030, the target price for NEM is between $0.1899 and $0.2216, with an average price of $0.1951.
NEM was launched in 2015 to create new economic opportunities through decentralized technologies. The platform provides robust tools for creating smart contracts, digital assets, financial applications, and supply chain management systems. NEM blockchain uses a Proof of Importance (PoI) consensus algorithm that weights the number of coins a user possesses and the users’ network activity. NEM blockchain’s native token called XEM is used for gas fees (transaction fees) and network governance.
NEM reached a peak price of $2.09 in 2018, but it is currently hovering around $0.016, raising questions about its potential as a good investment. Will NEM recapture $1? How high will NEM go?
Let’s get into the technical analysis and NEM price prediction for 2024-2030.
Overview
| Cryptocurrency | NEM |
| Token | XEM |
| Price | $0.01659 |
| Market Cap | $153,112,741 |
| Trading Volume | $25,708,022 |
| Circulating Supply | 8,999,999,999 XEM |
| All-time High | $1.87 Jan 07, 2018 |
| All-time Low | $0.00008482 Sep 05, 2015 |
| 24-hour High | $0.02000 |
| 24-hour Low | $0.01590 |
NEM price prediction: Technical analysis
| Metric | Value |
| Volatility | 8.74% |
| 50-Day SMA | 0.016729 |
| 200-Day SMA | 0.035049 |
| Sentiment | Bearish |
| Fear & Greed | 68 (Greed) |
| Green Days | 18/30 (60%) |
NEM Price Analysis: XEM/USD advances to $0.01659 target amidst upside
TL;DR Breakdown
- Nem price analysis confirms an uptrend.
- Coin value has spiked up to $0.01659.
- Strong support is being provided at $0.01389.
The Nem price analysis for July 18, 2024, confirms a highly bullish scenario for the cryptocurrency. The bulls have been securing consecutive victories since the past week, considering the rising buying activity. In the past 24 hours, the coin value has spiked up to a high of $0.01659. If the bulls remain persistent, further aggravation in the bullish tide may soon occur.
XEM/USD Price Analysis 1-day chart: Coin value seeks bullish recovery beyond $0.01659
The bulls are on the ruling end for now, as per the daily price analysis for XEM/USD. Green candlesticks have dominated the one-day price chart for the past week. In the past 24-hours, the coin value recovered to $0.01659 high because of the rising buying activity. Side by side, the moving average (MA) indicator confirms the aggravating bullish swing. Its value has increased to $0.01422 because of the consecutive bullish victories.
The volatility is rising, which is a bearish signal for the coming market events. Whereas, the upper end of the Bollinger bands indicator has switched to $0.01659 high, as the volatility is on the rise. The lower extreme of the Bollinger bands indicator has moved to the $0.01389 low, thereby confirming highly stable support. The Relative Strength Index (RSI) indicator confirms the latest changes in the price movements. Its overall value has improved up to index 58.55 following the rapid bullish wave.
NEM Price Analysis 4-hour chart: Bullish comeback results in recovery above $0.01659
The bulls have bounced back in the past four hours, as the buying activity has resumed once again. The coin value has received a considerable boost in the past few hours as per the hourly price prediction. Overall, the price has recovered up to $0.01659 as a result of the upturn during the day. Moreover, the moving average indicator confirms the persistent upside since the past few days. Its value has improved up to $0.01633 high with a sharp bullish curve on the four-hour price chart.
The volatility is expanding quite rapidly which is a bearish signal for the coming future. The upper band of the Bollinger bands indicator has thus shifted to $0.01744 high considering the rising shift in volatility. Whereas, the lower boundary of the Bollinger bands indicator has moved to $0.0127, confirming availability of stable support. The RSI indicator confirms the bullish shift in the price movement. Its value has spiked up to index 67.86 which is quite close to the overbought limit.
NEM technical indicators: Levels and action
Daily simple moving average
| Period | Value ($) | Action |
| SMA 3 | 0.015783 | BUY |
| SMA 5 | 0.014899 | BUY |
| SMA 10 | 0.014245 | BUY |
| SMA 21 | 0.014604 | BUY |
| SMA 50 | 0.018398 | SELL |
| SMA 100 | 0.028507 | SELL |
| SMA 200 | 0.035739 | SELL |
Daily exponential moving average
| Period | Value | Action |
| EMA 3 | 0.01428 | BUY |
| EMA 5 | 0.014383 | BUY |
| EMA 10 | 0.014852 | BUY |
| EMA 21 | 0.017267 | SELL |
| EMA 50 | 0.024027 | SELL |
| EMA 100 | 0.03029 | SELL |
| EMA 200 | 0.033955 | SELL |
What to expect from NEM price analysis
The daily and the hourly NEM price analysis presents a highly bullish scenario for the cryptocurrency. Overall, the coin value has escalated to $0.01659 because of today’s intensifying buying activity. A similar scenario was observed in the past four hours, as the cryptocurrency took a bullish turn.
Is NEM Coin a good investment?
Based on the current bearish trend, heightened volatility, and strong selling pressure indicated by technical indicators like the RSI and moving averages, XEM Coin (NEM) may not be considered a favorable investment. Investors should exercise caution due to the uncertain market direction and potential for further price declines in the near term.
Why is NEM down?
NEM is down due to strong selling pressure amidst bearish market sentiment, indicated by oversold conditions in technical indicators like the RSI and downward trends in moving averages.
Will NEM recover?
The recovery of NEM depends on reversing the current bearish sentiment and stabilizing market conditions. Watch for signs of decreased selling pressure, potential positive catalysts, and a shift in technical indicators indicating oversold conditions, which could signal a potential recovery in future price movements.
Will NEM reach $0.0500?
According to the 2027 NEM price predictions, NEM is expected to reach an average price of $0.0612, suggesting it may exceed the $0.0500 mark throughout the year. However, in the best-case scenario, NEM Coin might surpass the $0.0600 mark.
Will NEM reach $0.1000?
The forecast for 2028 anticipates a peak price of $0.1030, indicating that NEM could potentially surpass the $0.100 mark during that year, assuming the bullish momentum and positive market conditions persist.
Will NEM reach $1?
No, Cryptopolitan doesn’t expect NEM tokens to reach $1 during the next five years. By 2030, the prediction suggests a maximum price of $0.2216 for NEM, indicating less than one-fourth of the said $1 price. However, this would also depend on sustained growth, market dynamics, and broader adoption factors.
Does NEM have a good long-term future?
The long-term price predictions from 2025 to 2030 indicate a generally positive outlook for XEM Coin, with projected growth of double and triple surges in average and maximum prices over the years. This suggests potential for NEM to establish itself as a valuable asset in the cryptocurrency market, subject to market developments and adoption trends. The highest NEM could potentially reach is $0.2216 by 2030.
Recent news/opinions on NEM
Ecosystem Developments or Pump or Dump Scheme?
- NEM’s recent Twitter activity has been notably quiet, marked by discussions surrounding technical glitches that have afflicted the network. These posts have failed to generate any significant retweets or engagement, hinting at a lack of community involvement. The last update from NEM (XEM) official account was on June 27, see the post below.
NEM price prediction July 2024
According to the NEM Price Prediction for July 2024, NEM has the potential to achieve a peak market price of $0.01602 should market conditions favor upward movement. On a typical basis, NEM’s market trading price might settle around $0.01592, with a potential lower limit of $0.01583.
| NEM price prediction | Minimum price | Average price | Maximum price |
| NEM price prediction July 2024 | $0.01583 | $0.01592 | $0.01602 |
NEM price prediction 2024
According to forecast for 2024, NEM has the potential to achieve a peak market price of $0.0234 should market conditions favor upward movement. On a typical basis, NEM’s market trading price might settle around $0.0207, with a potential lower limit of $0.0199.
| NEM price prediction | Minimum price | Average price | Maximum price |
| NEM price prediction 2024 | $0.0199 | $0.0207 | $0.0234 |
NEM Price Predictions 2025 – 2030
| Year | Minimum Price ($) | Average Price ($) | Maximum Price ($) |
| 2025 | 0.0290 | 0.0298 | 0.0345 |
| 2026 | 0.0410 | 0.0425 | 0.0494 |
| 2027 | 0.0595 | 0.0612 | 0.0694 |
| 2028 | 0.0864 | 0.0889 | 0.1030 |
| 2029 | 0.1281 | 0.1317 | 0.1515 |
| 2030 | 0.1899 | 0.1951 | 0.2216 |
NEM price prediction 2025
According to XEM price forecast for 2025, the XEM coin will reach a maximum price of $0.0345. The token is also expected to trade at a minimum and average price of $0.0290 and $0.0298, respectively.
NEM price prediction 2026
NEM price prediction for 2026 indicates that the token will likely trade for a maximum price of $0.0494, a minimum price of $0.0410, and an average price of $0.0425.
NEM price prediction 2027
Based on analysis of NEM’s price trajectory in 2027, we anticipate a notable upswing compared to the prior year, with the potential for the token to surge to a peak value of $0.0694. This increase would mark a significant growth of 0.0595% from the existing market price. The projected range for the token’s market price lies between a minimum of $0.0612 and an average of the same value.
NEM price prediction 2028
According to NEM (XEM) price prediction for 2028, the maximum market price of the XEM token will be $0.1030. The expected average trading price for the coin is $0.0889, with $0.0864 being the lowest price.
NEM price prediction 2029
NEM price prediction for 2029 indicates that the cryptocurrency will surpass $0.20 and eventually reach a maximum price of $0.1515. We also expect a minimum price of $0.1281 and an average price of $0.1317.
NEM price prediction 2030
Forecast for the NEM price in 2030 suggests that the XEM token could potentially reach a peak value of $0.2216. Our projections indicate that the token’s price might fluctuate between $0.1951 as the lower limit and $0.1899 as the average.
NEO market price prediction: Analysts’ NEO price forecast
| Firm Name | 2024 | 2025 |
| DigitalCoinPrice | $79.20 | $93.78 |
| Wallet Investor | $47.10 | $69.32 |
| Coincodex | $ 31.13 | $ 51.77 |
Cryptopolitan’s NEM price prediction
Crypopolitan’s forecast shows that NEM will achieve a high price of $0.0234 near the end of 2024. In 2025, the NEM price will range between $0.0290 and $0.0345. In 2030, the cryptocurrency will range between $0.1899 and $0.2216, with an average price of $0.1951. Professional consultation is suggested, or you can carry out your own research.
NEM historic price sentiment
- NEM (New Economy Movement) was launched on March 31, 2015. NEM initially had a quiet start, with very low trading volumes and minimal price movement.
- During its early months and all through 2016, NEM’s price remained under $0.01, often fluctuating within a narrow range.
- In early 2017, the cryptocurrency market experienced a significant bull run, and NEM’s price began to gain traction.
- NEM’s price rapidly increased, breaking through the $0.1 mark and reaching new highs.
- By May 2017, NEM’s price reached around $0.25, showcasing substantial growth over a short period.
- NEM reached its all-time of $2.09 on January 4. The cryptocurrency market soon experienced a major correction throughout the remainder of 2018.
- By the end of 2018, NEM’s price had dropped closer to $0.07, reflecting the broader market downturn.
- 2019 was a year of relative stability and consolidation for NEM’s price. For most of the year, it hovered around the $0.03 to $0.10 range, with periodic fluctuations in response to market sentiment.
- In 2020, a mix of positive and negative factors affected NEM’s price. The price fluctuated within the $0.05 to $0.30 range, with occasional spikes due to market news and developments.
- In early 2021, as the overall cryptocurrency market gained renewed attention, NEM’s price began showing upward movement, reaching about $0.8 in March.
- However, like many cryptocurrencies, NEM experienced increased volatility during this period, leading to a market price of $0.1261 by December 2021.
- In 2022 NEM’s price faced consistent downward pressure, as selling pressure outweighed buying interest throughout the year.
- By mid-2022, NEM’s price had retraced significantly from its previous highs, moving below key support levels to reach $0.039. NEM dipped further to $0.0282 by the end of the year.
- The bearish sentiment spilled into 2023.
- For the entire 2023, NEM remained range-bound, trading in a narrow range of $0.0263 and $0.0486.
- In January 2024, NEM started gaining some traction and reached $0.0500 by the end of the month. Finally, it peaked at $0.0605 in March, which was its highest price since April 2022.
- In mid-March 2024, NEM started its descent and fell below its support zone at the start of June, dipping to $0.0143.
- NEM observed further lows in July, stepping to $0.0124, but the token has recovered slightly, reaching $0.0165 on July 19.
