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NEM (XEM) Price Technical Analysis: A Steady Climber

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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.

Image courtesy of coinmarketcap.com

Bitcoin

The rise of the crypto casinos

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In the hyper-competitive world of online casinos, operators are always looking for ways to stand out from the crowd. The most usual methods include using distinctive branding, offering generous bonuses and making sure that they are on all of the major so-called affiliate sites where players can compare and contrast casinos’ different offerings.

But now a whole new generation of casinos are starting to emerge – ones whose key difference isn’t what and how you play, but more in how you pay.

The rise and rise of the cryptocurrency casino is seen by many as the next logical step in a world that is slowly but surely starting to accept that Bitcoin, Ethereum, Ripple, et al. are certainly here to stay.

Of course, it’s the first of these cryptocurrencies that has really grabbed the headlines and led the way with its meteoric performance in 2017 when it seemed like its $20,000 value was just the start of the story. Admittedly, this was short-lived and the value quickly fell back to a more sustainable level but, if it achieved one thing, it was to cement this exciting new kind of currency in the consciousness of the general public.

Why Bitcoin and online casinos are the perfect partners

In many ways, it’s the perfect partnership between Bitcoin and online casinos with multiple benefits for both.

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Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

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The Bitcoin Revolution: Everything You Need To Know To Take Profits

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Bitcoin is soaring high in the cryptomarket once again, and experts are expecting a return of the bullish trend of 2017. The current Bitcoin price is $7,615 as of 23 May 6:56 AM UTC. This significant jump comes just six months after the Bitcoin price plummeted to a low of $3150 in December 2018. Since then, Bitcoin has experienced steady growth and gain in the market. However, in the last 30 days, the Bitcoin price peaked to $8,320.82, its highest price ever. This phenomenal jump occurred in a span of only 10 days breaking the Bitcoin record so far of significant gains made in short time frames. This positive growth has led to experts forecasting the Bitcoin price to hit the $20,000 mark by the end of this year.

Since entering the market almost 11 years ago, Bitcoin is still at the top of the global cryptocurrencies list. The current circulating supply of Bitcoin is at unbelievable 17,708,875 BTC. The market trend of the Bitcoin price has remained positive even when the currency did not maintain an uptrend. Cryptocurrency researchers believe that Bitcoin has the potential to grow up to a high of USD 50,000 within the next two years.

How to Profit from Bitcoin…

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