NEM (XEM) Price Prediction – Will XEM Price hit $0.1 in 2022?

This NEM (XEM) Price Prediction article is based on technical analysis alone. Below, you will see the key confluences that we have taken into consideration upon coming up with our XEM price analysis and prediction.

Over the past few weeks, the crypto market seems to be making a fast recovery. After the dip in the past four months, the crypto market has either remained stable or was growing steadily and the market capitalization is $0.926 trillion. At the moment, it seems that the digital asset industry might finally be on the up and up again. NEM (XEM) investors had only had lost 64% of their investment in the past year.

Will XEM experience the same price volatility? We’ll find out soon in this XEM price analysis 2022 article. But first, let’s have a look at what XEM is.

What Is NEM (XEM)?

NEM is a blockchain platform that was launched in March of 2015. It was one of the pioneers of the cryptocurrency industry and sought to improve the imperfections found on other chains at the time. It was one of the first non-Turing complete chains to feature user-defined tokens (called mosaics), namespaces, multisignature accounts, and a P2P reputation system based on EigenTrust++. Its most notable contribution to the space is the proof-of-importance consensus mechanism, which rewards on-chain activity and deters the concentration of wealth commonly associated with proof-of-stake. Its client, NIS, is written in Java.

NEM has a global community. It sees the most utility as an alternative form of payment for businesses and vendors and has a variety of social media apps built on top of it in Japan, such as nemgraph, a communnemgraphity-driven owned and operated alternative to Instagram.

Now that we are clear about NEM, do you think XEM will be a beneficial crypto in 2022? Join me and let us see the charts in this XEM price analysis and NEM (XEM) price prediction.

NEM (XEM) Current Market Status

As of the time of writing this NEM price analysis, XEM trades at $0.042 with a 24-hour trading volume of $17,851,412. The price of XEM has increased by 9.87% in the last 24 hours.

Currently, the top cryptocurrency exchanges for XEM are Bithumb, Binance, Kucoin, Huobi Global, Gate.io, Bybit, Tokocrypto.

Now, let’s go to the next part of this XEM technical analysis for 2022.That said, is NEM a good cryptocurrency to invest in 2022? Let’s find out in this NEM price prediction 2022  article.

NEM (XEM) Price Analysis 2022

Currently, XEM holds 87th place on CoinMarketCap. But will the latest upgrades, development, and changes in the XEM blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this XEM price prediction article.

XEM/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)

Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for NEM (XEM), it could be seen that the present uptrend could continue since the last candlestick is within the first half of curve from the top. This shows that the present increase in the price of XEM might be sustained for some days before any reversal would be expected.

XEM/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)

The Relative Strength Index (RSI) measures the relative momentum in the magnitude of recent price changes so as to deduce oversold or overbought assets. The RSI value of the 1Day chart is 67.49.  This shows that XEM is showing a strong trend since its RSI lies between 50 and 70. This value can trigger a bullish or bearish run if investors reposition themselves either towards the buyers or sellers.

XEM/USDT 1Day Chart Showing 200-MA and 100-MA (Source: Tradingview)

From the chart above, the 200-MA is below the 100-MA which means that short-term investors would gain. However, since the gap between the two moving averages is not wide and both moving averages are below the recently formed candlesticks, the price of the coin might decrease soon.

NEM (XEM) Price Prediction 2022

The chart below shows that NEM (XEM) has performed great over the past few days and has gained 9.4% in the past 14 days. Moreover, the XEM price shows a bullish trend. If this trend continues, XEM might run along with the bulls, overtaking its $0.0445 resistance1 level and moving even higher to $0.0545 at resistance4, a bullish signal for 2022.

XEM/USDT 1Day Chart Showing the Key Levels (Source: Tradingview)

Conversely, if the investors turn against the crypto, the bears might take over and push NEM (XEM) from its uptrend position. In simpler terms, the price of XEM might decrease to almost $0.0354 at support3, a bearish signal.

Meanwhile, our long-term XEM price prediction 2022 is bullish. It has a high possibility of reaching new heights. However, that will only happen if it breaks many previous psychological resistances.

If this bullish trend continues, NEM will reach $0.0545 by the end of 2022. Moreover, in July 2022, XEM is going to show fast growth, up to $0.0445 at resistance1. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $0.1 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

NEM (XEM) Price Prediction 2023

If XEM holds the resistance level around 200-MA, the long-term moving average, buyers will then have ample time and stability to forge the next attack mission on the vital level at $0.2, making it not plummet but play consistently.

NEM (XEM) Price Prediction 2024

As per the latest upgrades, developments, XEM price prediction, and new project forecasts of the platform, XEM investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of XEM in the crypto market, and it will be the best investment as the price can spike and reach around $0.4.

NEM (XEM) Price Prediction 2025

In the next three years, XEM prices could race up to $0.6. However, reaching this level could not be so difficult for XEM as an additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that XEM has a high possibility of reaching a new ATH soon in the next three years as per the prediction.

NEM (XEM) Price Prediction 2026

By 2026, the price of NEM (XEM) would reach $1 since many individuals will have better knowledge of cryptocurrencies, therefore, increasing the investment in the industry.

NEM (XEM) Price Prediction 2027

As per the latest upgrades, developments, XEM price prediction, and new project forecasts of the platform, XEM investors could expect many partnerships and integrations around 2027. Moreover, this might boost the price of XEM in the crypto market, and it will be the best investment as the price can spike and reach around $2.

NEM (XEM) Price Prediction 2028

In the next six years, XEM prices could race up to $4. However, reaching this level could not be so difficult for XEM as an additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that XEM has a high possibility of reaching a new ATH soon in the next six years as per the prediction.

NEM (XEM) Price Prediction 2029

As per the latest upgrades, developments, XEM price prediction, and new project forecasts of the platform, XEM investors could expect many partnerships and integrations around 2029. Moreover, this might boost the price of XEM in the crypto market, and it will be the best investment as the price can spike and reach around $6.

NEM (XEM) Price Prediction 2030

In the next eight years, XEM prices could race up to $10. However, reaching this level could not be so difficult for XEM as an additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that XEM has a high possibility of reaching a new ATH soon in the next eight years as per the prediction.

Conclusion

NEM (XEM) has a bright future ahead of it in 2022 to 2030. With the ongoing developments happening within the NEM ecosystem, as well as in the overall crypto market, we may see XEM reach new heights.

Meanwhile, our long-term XEM price prediction for 2022 is bullish. In addition, it has a high possibility of surpassing over $0.0545 and may reach above $0.1 this year. However, that will only happen if it breaks past many psychological resistances.

As said above, it may even reach $0.1 if investors have decided that XEM is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.