Satoshi Nakamoto Blog
Image default
NEWS price Price Analysis

NEM (XEM) Price Gains Above 8% Following An Uptrend


At present, according to NEM (XEM) traded up to 9.12% against the U.S. dollar. XEM has a total market capitalization of $ 452.74 M and approximately $29.92 million worth of NEM was traded on exchanges in the last 24 hours. One XEM coin is now worth of $ 0.05030 on exchanges including Liquid, COSS, BTC-Alpha, and Cryptopia.

NEM Coin

Although, the coin was hindered at the beginning of the year between financial struggles of the project, NEM is now the 20th largest coin.

Recently, NEM team has decided to re-structure its organisation that allows overcoming restructure and support further development. However, the plan is accepted by the community, even though some tough decisions made by the team including staff reduction.

NEM

Also, the project secured financing in the amount of $8M and approved the release of 210M XEM tokens from reserves. Moreover, this move is supposed to fund the operations of the team from February 2020.

NEM Foundation president Mr. Alexandra Tinsman, said that :

I think this is a vote of confidence that the industry is moving forward and that we are ready to pivot to a very new way of working. It’s in the best interest of the companies to be fiscally responsible with the platform, there products and there teams. We need to be product-focussed and that’s what we have done. This is a sign of good things to come.

What is your opinion on this NEM (XEM) price uptrend? Share your thoughts on our Twitter and Facebook pages.

Summary

NEM (XEM) Price Gains Above 8% Following An Uptrend

Article Name

NEM (XEM) Price Gains Above 8% Following An Uptrend

Description

NEM coin price follows a continuous uptrend. The NEM team also plans to restructure its organization for further development. NEM price sees a an uptrend..

Author


Admin

Publisher Name


Coinpedia

Publisher Logo

Follow Us:





Source link

Related posts

Crypto, Bitcoin (BTC) Crash Just A “Bump In The Road”

satoshi

Venezuela Dumps Petro (PTR) on Pensioners in December Payout

satoshi

EOS Daily Price Forecast – January 22

satoshi

Tesla files trademark application for Elon Musk’s ‘Teslaquila’

satoshi

US Congress Introduces Two New Cryptocurrency Bills

satoshi

NORWEGIAN LIBERTARIAN CITY LIBERSTAD PRODUCES ITS OWN TOKEN

satoshi