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NEM (XEM) Price Technical Analysis: A Steady Climber




NEM is one of the cryptocurrencies gaining popularity on the coat-tails of the Bitcoin and Ethereum(s) of the cryptocurrency sphere.

NEM is a peer-to-peer crypto platform that launched on March 31, 2015, after a very lengthy and comprehensive testing phase that started in June of 2014.

It’s written in Java and JavaScript with 100% original source code and has introduced new features in blockchain technology in its proof-of-importance (POI) algorithm, an integrated P2P secure and encrypted messaging system, multi-signature accounts and an Eigentrust++ reputation system.

By NEM implementing the innovative Proof-of-Importance, which distributes awards based not on the sacrificed amount of computational capacity or the size of a user’s stake, but on their actual involvement in the network’s life. NEM seeks to achieve the goals of equality, financial freedom, and decentralization in its cryptocurrency.

In terms of market capitalization, NEM is now number six with $14.7 billion. While most of the cryptocurrency market slowed down over the Christmas holiday season, NEM made some impressive gains without instigating too much media hype. The gains have been slow, steady, and very consistent.

Chart #1: NEM Weekly

Chart #1 above is a weekly price chart for NEM which shows eight straight weeks of weekly gains from early November 2017 through to the new year.

NEM went from $.1649 November 13th to an all-time high of $2.11 on New Years Day 2018. This amounts to an increase of 1179 percent.

With the start of a new year is prompting investors to consider the cryptocurrency market as part of their portfolio re-alignment in light of the massive gains made by some of the cryptocurrencies, NEM is poised to continue its upward movement.

While some of the more popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin, are considered by many investors as extremely over-bought, some investors may even opt to start taking profits off the table and placing the realized capital into up and coming assets that have room for growth.

NEM is still priced below $2.00, unlike some of the high-flyers that are priced in the hundreds or thousands of dollars range. This makes it a very attractive investment with little downside risk, and very high upside potential.

Chart #2: NEM Daily

Chart #2 above shows the daily price action for NEM. Its been consolidating in a range following a price surge which started on January 2nd.

A similar price pattern occurred in early December 2017. NEM is currently trading at the lower end of the consolidation range, which makes this a decent entry point for a long position. We will be watching NEM closely.

We will be updating our subscribers as soon as we know more. For the latest on NEM, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.

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Blockchain technology outshines Bitcoin and Gold during global pandemic



As the popularity of cryptocurrencies such as Bitcoin begins to level up with investments made in metals such as Gold, together they have both made significant advantages for investors who have taken a leap to invest in them.

However, thanks to the pandemic and the dynamic shift in investing and the economy, many investors have seen fluctuating losses and gains thanks to the uncertainty of the current business world. 

Many investors that backed companies who have exposure to blockchain technology have seen an approximate amount of 54% return on investments over the past year. This is even after considering how hard the global tech market and companies have been hit since the beginning of the pandemic.

What is blockchain technology?

Blockchain technology was first introduced as a supportive technology for Bitcoin. A blockchain is a simple, unchangeable and un-hackable digital ledger that holds transactions in little blocks attached to a chain. The transaction is duplicated and distributed across the entire network of systems on the blockchain, making it available for everyone on the network to see. 

Each block in the chain contains various transactions which are recorded on the participant ledger every time a transaction takes place. The database is decentralised and is managed by multiple participants known as Distributed Ledger Technology (DLT).

Although blockchain technology was birthed from Bitcoin and was widely adopted for the use of cryptocurrencies, the way it works and its security has made…

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Bitcoin Surges After Tesla Bought $1.5 Billion Worth of BTC




The sudden rise of Bitcoin has been connected to the decision taken by the Tesla electric car company to buy $1.5 billion worth of Bitcoin.

The company explained in a filing with the Securities and Exchange Commission (SEC) that it bought Bitcoin to diversify its cash returns and more flexibility.

Musk’s Tweets also impacted Dogecoin’s price

Tesla also added that it will start accepting Bitcoin payments for all its products, although this will be based on a limited basis and applicable laws. If the company concludes and starts accepting cryptocurrency, it will make it the first major car manufacturer to accept Bitcoin payments. The company’s founder and Chief Executive Officer Elon Musk has developed an interest in Bitcoin and cryptocurrencies.

He has been tweeting severally about the viability of the Dogecoin (DOGE), which doesn’t have an important market value attached to it.

Few hours after endorsing Dogecoin, the cryptocurrency rose by an impressive 50%. But regulatory authorities are still concerned about the risks in cryptocurrency investments, with several regulatory bodies warning traders and investors they could lose all their money from crypto investments.

But for Tesla, the company decides to diversify its funds and increased its cash returns. However, Tesla also warned investors about the volatility of Bitcoin’s price in its SEC filing. According to the SEC…

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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange



Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited ( ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub ( ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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