The blockchain ecosystem gets shaken up with Symbol, the NIS1 evolution.

Interview with David Shaw, CEO of NEM Group, published originally on March 12th, 2021, on Bizgate (translated from Japanese).

NEM (New Economic Movement) is a project that seeks to create a new, decentralized, economic world using state-of-the-art blockchain technology. Its new platform, called Symbol, is a secure, efficient, and fast value-exchange network to fulfill a wide range of companies’ needs while working on its final goal — creating a new economy.

On March 17th, 2021, Symbol was launched as the next generation of blockchain technology. Right before the launch date, we caught up with Symbol’s CEO, David Shaw, to learn more about the NEM Group’s philosophy and where Symbol fits in.

You can also watch a video version of the interview here.

A world with a blockchain-enabled new economy offers countless opportunities for business. And since most of these opportunities are still emerging, it’s not a race for market-domination — all players have room to grow. We’re all working together to develop blockchain in our unique way. It’s the pioneer’s era for blockchain.

Unlike traditional IT systems or the current Internet, the blockchain world will be completely decentralized. This model will allow the ultimate economic activity democratization, allowing everyone to exchange value on an equal basis.

NEM Software provides a range of solutions to companies to effectively use cryptocurrencies and blockchain technology. We are also undertaking our R&D to develop NEM’s services even further.

NEM Trading, as the name suggests, trades cryptocurrencies in the token marketplace. Through partnerships with fintech innovators, we’ve been promoting the use of XEM, the NIS1 blockchain cryptocurrency. We will also simultaneously promote XYM, a new cryptocurrency available once Symbol is launched as the next generation blockchain on March 15th.

NEM Ventures invests and nurtures startups that are or will be operating with blockchain technology. 

These three companies have complementary roles — the NEM Group bases these organizations’ premise on promoting blockchain development in a multifaceted and robust way. And since Japan is a significant part of all the NEM Group’s business activities, we focus on our Japanese users’ needs. That’s why we will be working on Symbol and NIS1 simultaneously to ensure its penetration into the Japanese market.

Symbol is available for both public and private use. It builds on the strengths of NIS1 and dramatically increases its flexibility, speed, ease of use, and security, making it ideally suited to businesses’ needs, including non-financial companies.

Of course. Our equity partner Wave Financial, a fintech solutions provider focused on SME businesses, has launched a bourbon whisky investment fund based on Symbol. The customer is a prestigious Bourbon whiskey producer in Kentucky, USA.

In recent years, whisky has become an investment. The whisky value can vary from year to year, depending on how good or bad the whisky is. Investors buy whisky by the cask, hoping that the price will rise when the whisky has matured for 10 or 20 years. By selling some or all of the whisky they have just made, the maker can gain working capital and, at the same time, hedge against price fluctuations.

Wave Financial plans to recruit investors to the fund and use their stake to buy casks for the distillery. The fund will have a quota of 25,000 units, which is about a year’s production worth. In turn, the investors will buy the whiskey’s value in the form of tokens, which they can hold and buy or sell at any time.

That’s right. Last year, the Bank of Lithuania began selling in NEM blockchain LB Coin, the country’s central bank digital currency (CBDC) — arguably the first of its kind in the world. 

Like in an earlier example for the whisky investment fund, we applied blockchain to market research for a sportswear giant. The client company had been paying tens of millions of dollars worth of market research every year to understand consumers’ preferences in different countries. Now, thanks to the use of blockchain, they no longer need to — sportswear manufacturers can gather information directly from consumers.

Consumers take part in the blockchain-enabled surveys by registering their preferences, such as color and style. The manufacturer economically rewards consumers for their participation. Consumers earn money by providing information, and manufacturers learn first-hand about market trends. Costs are also reduced as there is no need to go through a market research company.

As you can see, the NEM Group is taking on the challenge of adapting the blockchain to different companies’ needs, including the non-financial companies.

Thanks to Bitcoin’s price corrections on the 22nd, the last few days have been very bearish for most of the crypto-market. However, while the world’s largest cryptocurrency has been consolidating above $54,000 since, the same wasn’t true for the market’s altcoins, with the likes of Chainlink, UNI, and NEM continuing to lose value on the price charts.

It’s worth noting, however, that if Bitcoin surges again, the aforementioned alts’ price fortunes could change quickly.

Chainlink [LINK]

Chainlink, the cryptocurrency ranked 11th on CoinMarketCap, has been very inconsistent on the price charts since it hit its ATH a few weeks ago. In fact, while for a long time LINK took pride in moving independently of Bitcoin, of late, its movement has been dictated by BTC’s, with the same being the case over the last few days.

When BTC fell, so did LINK, with the alt dropping by over 9% in the last 48 hours. At the time of writing, LINK was once again trading at a level last seen in the first week of March.

While the Parabolic SAR’s dotted markers were well above the price candles and underlined the bearishness in the market, the Awesome Oscillator pictured the market’s momentum dipping into the negative territory.

The altcoin’s movements have been in line with those projected by a recent analysis, with the same predicting that LINK was likely to be pulled in one direction soon. Despite the said corrections, however, LINK can be expected to turn bullish again owing to a host of other factors.

Uniswap [UNI]

Uniswap [UNI], the crypto-market’s biggest DeFi token, has had a good few weeks and months, with UNI registering its ATH on the charts just under 48 hours ago. Since then, however, UNI has been on a downtrend, one spurred on by the general market’s bearishness. In fact, after registering an ATH of $35,88 on the charts, at press time, the alt had fallen by almost 13%.

The sharp drop in trading value was accompanied by an even sharper hike in trading volume.

UNI’s indicators flashed some interesting signs, but they weren’t credible enough to warrant talks of a trend reversal. While the mouth of the Bollinger Bands was widening to indicate some near-term volatility, the Relative Strength Index was pointing north towards the point of equilibrium.

With Uniswap V3 expected to release on the Ethereum mainnet sometime in May, UNI’s price action is likely to profit as soon as the correction wave passes.

NEM [XEM]

Following the 37.5% depreciation on the anniversary of Black Thursday, XEM’s price action has been very rangebound on the charts, with the altcoin a long way away from regaining its losses. In fact, if anything, the alt seemed to be heading in the opposite direction, with XEM falling by over 7.5% since the 22nd after Bitcoin registered corrections.

The cryptocurrency’s technical indicators didn’t leave room for a lot of optimism either as while the MACD line was intertwined with the Signal line, the Chaikin Money Flow, despite pointing north, was still below zero.

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Jibin is a news editor at AMBCrypto. With over three years of experience as a political writer, he primarily focuses on the political impact of crypto developments. A graduate in Law and International Relations, his writing is by and large focused on cryptocurrencies from the political and financial perspective. A Liverpool FC fan. YNWA

NEM (CURRENCY:XEM) traded up 3.7% against the U.S. dollar during the 1-day period ending at 13:00 PM ET on March 29th. One NEM coin can now be purchased for about $0.38 or 0.00000658 BTC on cryptocurrency exchanges. During the last week, NEM has traded down 1.2% against the U.S. dollar. NEM has a market capitalization of $3.44 billion and $266.95 million worth of NEM was traded on exchanges in the last day.

NEM Profile

NEM is a proof-of-importance (PoI) coin that uses the ProofofImportance hashing algorithm. Its launch date was March 31st, 2015. NEM’s total supply is 8,999,999,999 coins. The Reddit community for NEM is /r/nem and the currency’s Github account can be viewed here. The official message board for NEM is forum.nem.io. The official website for NEM is nem.io. NEM’s official Twitter account is @NEMofficial and its Facebook page is accessible here.

According to CryptoCompare, “Consensus Mechanism: Proof-of-ImportanceGenesis Date: March 31st, 2015Block Time: 1 minuteAvailable/Total Supply: 8,999,999,999 XEMBlock Reward: N/A (transaction fees only + node rewards) XEMXEM is the native currency of the NEM public blockchain. It is used to pay for transactions on this public blockchain in order to incentivize its network of public nodes that process and record transactions for businesses and users there. This means that XEM has real fundamental value as the currency of a functioning economy.HarvestingHarvesting is closely similar to mining in other cryptocurrencies, but it uses unique methods called Proof of Importance and Delegated Harvesting to determine who harvests the next block. Harvesting is necessary to keep the network online and to confirm transactions.Supernode ProgramSupernodes are high performance blockchain nodes which form the backbone of the NEM blockchain network. Accounts with 3,000,000 or more XEM can operate a supernode, either from a local computer or from a cloud-hosted server. Supernodes are required to be up and running 24 hours per day, processing all transactions.CatapultCatapult is a full-featured blockchain engine that can power both private and public networks with its unique smart contract plugins. These plugins enable bulletproof digital asset creation, decentralized swaps, advanced account systems and business logic modeling.In its next phase, Catapult will become the core NEM engine. Public chain Catapult has been in testing for three years to thoroughly troubleshoot bugs and implement features. Its expected release is in 2019.Proof-Of-ImportancePOI is the consensus algorithm used in NEM to determine who will calculate the next block. An account's importance is determined by how many coins it contains and the number of transactions made to and from that account. POI is different from other initiatives which use a fee-sharing model that does not take into consideration one's overall support of the network. In some proof-of-stake systems a person only needs to have large amounts of coins to form a block; however, in NEM the transaction amount as well as support of the network become a factor. This has been designed to encourage users of NEM to not simply hold NEM but instead actively carry out transactions within the NEM ecosystem.You can read more about NEM’s tech in the Technical Reference.     “

Buying and Selling NEM

It is usually not possible to buy alternative cryptocurrencies such as NEM directly using US dollars. Investors seeking to trade NEM should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy NEM using one of the aforementioned exchanges.

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Good Crypto announced a new partnership with NEM with a focus on providing a more comfortable trading experience for XEM traders. The partnership results in more straightforward portfolio management for XEM users. They can use Good Crypto app for various use-cases. Good Crypto says that their partnership with NEM covers Symbol (XYM), too, and the new token will be added to portfolio managers at the time of launch.

Asset managing applications like Good Crypto play a vital role in the cryptocurrency community. They help you track the record of your tokens on demand and enjoy some trading opportunities, too.

Good Crypto is one of those applications that provides trading opportunities thanks to integrating 30 cryptocurrency exchanges. Their recent partnership with NEM is excellent news for XEM holders. They can now connect their wallets to Good Crypto and enjoy both asset management and trading opportunities.

NEM community members now have a comprehensive tool to manage their holdings and trade them with other cryptocurrencies. They can connect their exchange accounts very easily and trade XEM on demand.

According to the announcement , Good Crypto will support Symbol token XYM, too. It means XEM holders will receive and view their XYM tokens at the Good Crypto app. There are many options available for XEM holders in the Good Crypto app. Price alerts, portfolio management, programmable trade market overview, new listing alerts, and live order books are some of these options.

The collaboration between NEM and Good Crypto shows an excellent opportunity for NEM users who need a comprehensive portfolio management service. Good Crypto says about the partnership:

The trading option in Good Crypto is one of the best opportunities for NEM users. They can connect their accounts in 30 cryptocurrency exchanges and trade XEM very quickly. Good Crypto promises to add new trading features over time that help the NEM community trade easier. Options like automatic trading, price alerts, transaction alerts, market watch, and market summary notifications are some of the current services.

Partnerships between applications and cryptocurrency projects always lead to more adoption. When a coin is supported in an application or service, more users will be encouraged to adopt the new coin. The recent partnership between Good Crypto and NEM is not different. It will surely help both participants attract more users and grow faster.

The last few days have been very bearish for the majority of the crypto-market, thanks to Bitcoin’s price corrections on the 22nd. Although the world’s largest cryptocurrency has been consolidating over $54,000 since, the same has not been so for the market’s altcoins, with the likes of Chainlink, NEM, and UNI continuing to lose value on price charts.

It is worth noting, though, that if Bitcoin spikes again, the price fortunes of the above alts could change rapidly.

Chainlink [LINK]

Chainlink, the 11th most valuable cryptocurrency according to CoinMarketCap, has been very volatile on the price charts since it reached its all-time high a few weeks ago. In reality, while LINK took pride in travelling independently of Bitcoin for a long time, its movement has recently been dictated by BTC, with the same being the case over the last few days.

When BTC fell, so did Connection, which fell by more than 9% in the last 48 hours. LINK was selling at a pace last seen in the first week of March at the time of publishing.

While the Parabolic SAR’s dotted markers were just above the price candles, emphasising the market’s bearishness, the Awesome Oscillator depicted the market’s momentum slipping into negative territory.

The altcoin’s movements have been aligned with those expected by a recent study, which predicted the Connect will be pushed in one direction soon. Despite the aforementioned corrections, Relation is supposed to turn bullish again due to a number of other factors.

NEM [XEM]

Following a 37.5 percent drop on the anniversary of Black Thursday, XEM’s market activity has been very rangebound on the charts, with the altcoin already a long way from recouping its losses. In fact, the alt seemed to be going in the opposite direction, with XEM dropping by more than 7.5 percent since the 22nd after Bitcoin corrections.

Although the MACD line was entangled with the Signal line, the Chaikin Money Flow was still below zero, despite pointing north.

Uniswap [UNI]

Uniswap [UNI], the crypto-largest market’s DeFi coin, has had a successful few weeks and months, with UNI reaching its all-time high on the charts just under 48 hours ago. UNI, on the other hand, has been in a downtrend since then, driven by the general market’s bearishness. In fact, after reaching an all-time high of $35,88 on the charts, the alt had dropped by nearly 13% as of press time.

The dramatic decline in trade value was followed by an even sharper increase in trading volume.

UNI’s metrics showed some intriguing signals, but they weren’t convincing enough to suggest a pattern turnaround. Although the Bollinger Bands were expanding, indicating any near-term instability, the Relative Strength Index was pointing north, towards the point of equilibrium.

With the arrival of Uniswap V3 on the Ethereum mainnet scheduled in May, UNI’s price activity is likely to benefit as soon as the correction wave passes.

NEM USD (XEM-USD) is currently on bullish momentum. At 09:05 EST on Monday, 22 March, NEM USD (XEM-USD) is at $0.39 and up by 8.2% in the last 12 hours.

Over the last six hours, NEM USD (XEM-USD)’s higher value was $0.39 and the lower value was $0.37.

Over the last twelve hours, NEM USD (XEM-USD)’s higher value was $0.39 and the lower value was $0.36.

Concerning NEM USD (XEM-USD)’s daily highs and lows, it’s 9.194% up from its trailing 24-hour low of $0.36 and 0.795% up from its trailing 24-hour high of $0.39.

Concerning NEM USD (XEM-USD)’s yearly highs and lows, it’s 1084.036% up from its 52-week low and 54.565% down from its 52-week high.

NEM USD (XEM-USD)’s last day, last week, and last month’s current volatility was 1.03%, 4.26%, and 8.94%, respectively.

NEM USD (XEM-USD)’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 7.90% (day), 11.58% (last week), and 19.34% (last month), respectively.

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions,

NEM USD (XEM-USD)’s stock is considered to be oversold (<=20).

Fiat food? Bitcoin big mac index crashes below 10,000 satoshis for the first time ever. According to Coin Telegraph on Friday, 19 March, "At around $60,000, a whole Bitcoin buys a whopping 10,402 Big Macs, says Ecoinometrics, while a single burger sets a Bitcoiner back just 9,614 satoshis.", "Circulated on social media by Preston Pysh, host of The Investor’s Podcast, it shows a peak for MSTR last month before Bitcoin’s continued rise coincided with a broader sell-off among tech stocks, including those with Bitcoin exposure."

SBI crypto's Bitcoin mining pool goes public. According to Coin Telegraph on Friday, 19 March, "It mines three assets, Bitcoin (BTC), Bitcoin Cash (BCH) and Bitcoin SV (BSV), with a revenue measured in dollars per terahash per day of$0.3897,$0.3805and$0.3519respectively.", "SBI Holdings’ multiple cryptocurrency ventures via various subsidiaries to date have included theintroduction of a Bitcoin lending service through its crypto investment subsidiary SBI VC Tradeandacquisition of crypto exchange TaoTao via itsforeign exchange and derivatives arm."

Bitcoin is now ‘too important to ignore’, deutsche bank says. According to Coin Telegraph on Friday, 19 March, "Bitcoin is expected to "remain ultravolatile" in the short term, Deutsche Bank analysts concluded, forecasting a turning point for Bitcoin in the next "two or three years" as a consensus about its future may emerge.", "The firm emphasized that central banks and governments now "understand that Bitcoin and other cryptocurrencies are here to stay" and thus are expected to start regulating them by late 2021."

Supercycle May propel Bitcoin over $1 million, kraken’s dan held says. According to Coin Telegraph on Friday, 19 March, "According to Dan Held, growth lead at Kraken, Bitcoin is currently experiencing a supercycle that could propel it all the way to $1 million.", "Held is also convinced that once Bitcoin will reach its full potential as digital gold, it will challenge governments’ monopoly over money."

Bitcoin price facing final resistance before $68k?. According to Coin Telegraph on Friday, 19 March, "The bearish divergence becomes valid once previous resistance zones turn into resistances once again, but more importantly, once the price of Bitcoin starts to make lower lows."

Bitcoin miners back hash rate derivative defi project on BSC. According to Coin Telegraph on Friday, 19 March, "Tony Ma, CEO of Atlas Mining, commented on the news:"We believe BTCST has connected Bitcoin mining to the DeFi world. ", "The Bitcoin collected from BTCST is then used in a collateral pool that is activated whenever the synthetic asset is trading below its peg. "

Key Bitcoin price metric shows pro traders increased their BTC longs. According to Coin Telegraph on Friday, 19 March, "After marking a $61,750 all-time high on March 13, Bitcoin has been trying to find new support levels. ", "This data corroborates with the exchanges’ long-to-short ratio and displays investors confidence in Bitcoin breaking to a new all-time high in the short-term."

According to Business Insider on Friday, 19 March, "The Purpose Bitcoin ETF was approved in Canada and launched by Purpose Investments in mid-February on the Toronto Stock Exchange. ", "That’s less than half the cost of the popular Grayscale Bitcoin Trust, which charges an annual fee of 2.00% and is now the largest public holder of bitcoin."

Bullishness for Bitcoin continues despite its struggle to reclaim $60,000. According to Coin Telegraph on Friday, 19 March, "According to Steinglass, "it will take a bit of chipping away to break through $60,000 with any kind of authority," but the recent strength displayed by Bitcoin "in the face of stiff macro headwinds" indicates no reason for the bullish momentum to stop.", "Chad Steinglass, head of trading at crypto capital markets firm CrossTower recently discussed the pressures Bitcoin faced at the $60,000 level and pointed out that the top cryptocurrency has faced "at least some resistance at every round number on the way up," and that once a resistance level is surpassed, it then becomes support."

25 best Bitcoin gambling sites and crypto casinos in 2021. According to Business Insider on Sunday, 21 March, "With Ignition having an Unlimited 25% Bitcoin Match Bonusfor every deposit and Bovada having bitcoin bonuses on your first three deposits. "

Bitcoin network's computing power: is it an accurate predictor of BTC price?. According to Coin Telegraph on Sunday, 21 March, "Hash rate refers to the overall computing power involved in validating transactions on the Bitcoin (BTC) blockchain. ", "Most likely, 2017 was an outlier when it comes to BTC price as Bitcoin entered a phase of parabolic price growth. "

Bitcoin price slides 5% after failing to break $60k — here's why. According to Coin Telegraph on Sunday, 21 March, "According to a pseudonymous Bitcoin trader and technical analyst known as "Byzantine General," there has been serious selling pressure on Bitfinex.", "Willy Woo, the prominent on-chain analyst, explained that Bitcoin has a decent chance of not going under $1 trillion market capitalization again."

Bitcoin mining stocks have outperformed BTC by 455% over the past 12 months. According to Coin Telegraph on Monday, 22 March, "Shimron attributed the wild volatility in miner stocks to the lack of regulated crypto investment products in the United States, speculating that "until a Bitcoin ETF is approved, investors may view public mining companies as one of the only ways to get exposure to Bitcoin." "Since the primary source of revenue is Bitcoin, these companies are fundamentally long [on] the industry – so investors are essentially making a ‘picks and shovels’ bet when they invest in miners.", "Despite the top publicly-listed Bitcoin mining firms operating at losses, their share prices have dramatically outperformed BTC over the past 12 months."

Long-term investors continue to hodl despite $1t Bitcoin market cap. According to Coin Telegraph on Monday, 22 March, "The data shows that few long-term investors are tempted to sell their Bitcoin at current price levels, suggesting Bitcoin’s whales are hodling for higher prices and the current bull-trend could have much further to go.", "It has also been reported that around a fifth of all BTC has been lost or stolen, suggesting the actual circulating supply of Bitcoin could be considerably lower, bolstering the scarcity of the asset."

Skybridge capital latest to file Bitcoin ETF application with US SEC. According to Coin Telegraph on Monday, 22 March, "The First Trust SkyBridge ETF Trust is now one of several applications for a Bitcoin ETF that is currently awaiting a verdict from the SEC.", "In the absence of an exchange-traded fund, the lack of regulated investment products offering exposure to the price of Bitcoin appears to be driving U.S.-based investors to speculate on the shares of prominent businesses operating in the digital asset sector."

Exchange reserves plunge to pre-$61k lows: 5 things to watch in Bitcoin this week. According to Coin Telegraph on Monday, 22 March, "Investors may be thirsty for fresh Bitcoin all-time highs, but two network fundamentals are already at or almost hitting new territory of their own.", "Other on-chain indicators nonetheless paint a mixed picture of where exactly Bitcoin is in its bull cycle and how much price upside remains."

Microsoft reportedly polling xbox users about Bitcoin payment option. According to Coin Telegraph on Monday, 22 March, "Microsoft is now asking Xbox users about #Bitcoin pic.twitter.com/TjuY18L5Wh- Documenting Bitcoin (@DocumentingBTC) March 21, 2021", "While it may be open to accepting Bitcoin as payment, Microsoft has no plans to make a bigger move into crypto like Tesla. "

Bitcoin searches in Turkey spike 566% after turkish lira drops 14%. According to Coin Telegraph on Monday, 22 March, "Google searches for Bitcoin (BTC) emanating from Turkey exploded in the past 24 hours, after the value of the Turkish lira dropped 14% following the firing of a central bank governor.", "According to data from Google Trends, the number of searches for Bitcoin spiked 566% in the hours immediately following news of the lira’s demise. "

Bitcoin uptrend not over: big whales aren't selling btc, data shows. According to Coin Telegraph on Monday, 22 March, "Considering that big whales have been accumulating Bitcoin as the cryptocurrency consolidates between $55,000 and $59,000, the bull trend remains intact despite the rising U.S. 10-year Treasury yields.", "According to the data from Santiment, big Bitcoin whales have been mostly accumulating Bitcoin as over 35,000 BTC has left exchanges in the past 30 days. "

With Bitcoin seemingly consolidating just below the $13,000-level, buying momentum for most alts has also subsided over the weekend.

In fact, technical indicators for NEM and VeChain turned neutral from bullish as some selling pressure started to creep into the market. Cardano too seemed to lose bullish momentum as it faced rejection at a key level of resistance on the charts.

Cardano [ADA]

Over the past 24-hours, Cardano (ADA) had mostly maintained its prices above the 50% retracement level, as marked by the Fibonacci retracement tool.

But, at press time, ADA was registering a drop below the $0.109-level of resistance due to underlying selling pressure. Further, the dotted markers of the Parabolic SAR were above the price candles and hinted at a downtrend.

Even though a downtrend seemed to be visible from observing the technical indicators, the price could also be seen experiencing a pullback just above the 50% retracement region or the $0.106-mark.

NEM [XEM]

NEM continued to be under selling pressure, while maintaining an overall downtrend. The digital asset lost control of a key resistance level, one that resulted in a 3.5% loss over the last 24-hours.

On the other hand, the convoluted MACD lines remained neutral, although hints of a bullish crossover were starting to emerge.

The Relative Strength Index for NEM was still indicative of selling pressure, but a pattern of higher lows in the upcoming week could confirm the possibility of a trend reversal from bearish to bullish.

However, for the immediate trading sessions, NEM’s market shall continue to be under selling pressure with strong support zones existing at the $0.105-level.

VeChain [VET]

At the time of writing, it seemed like VeChain’s bulls may have entered a period of calm, with the prices noting horizontal movement over the last 48 hours.

The Aroon Indicator, only slightly bullish, might soon confirm a neutral position as the prices seem to also stabilize just above the $0.0119-level of support.

In fact, an immediate price action in either direction may take a few more trading sessions due to unchanged volatility levels, as observed by the Bollinger Bands.

A price oscillation along the median band and between the immediate support and resistance levels may continue throughout the weekend.

Why is this decoupling a great sign for Bitcoin in the coming days?

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A graduate in Economics and International Development, Shubham enjoys researching on economic reform process, with a special focus on China.His interests lie in FinTech & blockchain technology developments across East and S.E Asia.

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The world’s largest cryptocurrency Bitcoin climbed on the charts and headed towards the $29,000 mark and the broader altcoin market followed suit and registered a surge in price. Polkadot was one such example, climbing nearly 12% in the past 24 hours. On the other hand, altcoins VeChain and NEM struggled to maintain positive returns and moved in the opposite direction.

While Polkadot has had a shaky start to the month,  prices have spiked along with the market leader Bitcoin during the past three days. Overall, the crypto asset has been in an uptrend since early November, hitting higher highs and higher lows. Currently, DOT is leading the charts as the biggest gainer in the past seven days, rising by nearly 70% in this period. The biggest question is – will we see a correction anytime soon? The indicators on DOT suggest otherwise, hinting that prices could continue to scale past milestones in the near future.

The Relative Strength Index indicated bullishness as prices have been trading in the overbought zone for quite some time now. Usually, prices move downwards after trading in this region, but in this case, they could remain in this territory over the next few sessions as the buying pressure mounts up. If a reversal takes place and the index moves lower, prices could test support at $7.65.

The Awesome Oscillator also highlighted the said bullishness, as the green bars were rising in length, above the Zero line.

Like Polkadot, VeChain has also been in an uptrend since early November. However, the price seemed to have cooled off since meeting resistance at $0.02. At the time of writing, VET was trading at $0.018, down by over 3% in the past 24 hours. Certain indicators suggest that selling pressure could continue to drive prices lower in the short term.

The MACD witnessed a bearish crossover, a sign that prices could fall in the coming future as the bears assert their dominance in the market. In case VET does fall, support at $0.0138 could provide some relief to prices.

The Chaikin Money Flow suggested that capital outflows were one of the factors responsible for the price drop, with the index moving downwards along with the prices.

NEM has been under severe selling pressure over the past 24 hours. During this time period, prices have dropped by nearly 15%, making NEM the biggest daily loser among the top 20 coins by market cap. After trying to breach resistance at $0.236, prices have steadily moved lower, towards the support at $0.169. In the near term, prices could continue moving lower and challenge support at $0.169. A sharper fall could see NEM head towards support at $0.141.

The On Balance Volume suggested that there has been a lack of interest in the NEM market as volumes dropped throughout mid-December.

The Parabolic SAR’s dotted markers were above the candlesticks, an indication that prices were bearish.

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A business graduate with a keen interest in emerging markets across South East Asia. As a financial journalist, he covered stocks and market reports across Australia and New Zealand as well.

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A broader selloff in the crypto market initially affected NEM (XEM) price, but the XEM selloff increased further after the theft of $530 million of NEM coins from the Japanese Coincheck cryptocurrency exchange. The NEM Price Crash looks set to continue but why? Improved market sentiment and an easing of regulatory concerns, lifted the entire cryptocurrency market throughout last week – well almost entirely, NEM failed to rise. Since hitting $1.94 early in January, NEM price hasn’t been able to rebound since. This Altcoin’s price continues to trade in the range of $0.55 with sideway moves over the last week. Consequently, IOTA and Dash have outperformed NEM in terms of market capitalization – the NEM coin ranking dropped to 12th from its earlier place in the top ten. IOTA (MIOTA) and Dash (DASH) rebounded significantly from their previous lows over the last week. IOTA price rallied more than 5% in Friday trading, extending its gains over the week. The price is over 70% from its earlier lows of $1.21 on Feb 6. Its market capitalization stands almost at $6 billion in Friday trading. The Dash price has also been flying high over the last couple of days; helping the market capitalization to surpass the level of $5.5 billion. Whereas NEM wasn’t able to capitalize on the rally – the market capitalization continues to hover around $5 billion. NEM was receiving the majority of its trading volume from Japanese markets, mainly from the Coincheck cryptocurrency exchange, which has since closed since the significant theft of $530 million of NEM coins. Analysts believe NEM price is undervalued following the considerable selloff and lower than expected growth in the past week. Lower coin supplies compared to other digital currencies is among the catalyst for potential recovery.  Almost billion of NEM coins are under circulation at present; this represents 23% Ripple (XRP) coin circulation. The prospects for its inclusion into Binance, the largest cryptocurrency exchange, could also add to NEM’s price. Previously, several cryptocurrencies had generated massive growth in price after their addition on Binance exchange.   Featured Image: disruptordaily.com It’s sideways because this shitcoin scammed too many people during the ICO. Many of us have been hoping to get what we are owed, but as that becomes more and more unlikely, the backlash will continue to grow. Oh please. They extended the distribution period months and said over and over that you had to stay on top of the details. Lazy people like youself missed the boat, and now that XEM has value you want to throw fit. Game over… buy some XEM on the exchanges if you want in. Populous (PPT) and 0x (ZRX): Leading Coins Today NEO, China’s Ethereum, Soars as the Lunar New Year Kicks Off Much of crypto is down today. Is India the cause? Japan? Whatever the reason, EOS, Litecoin [LTC], and Monero [XMR] are all down despite moves that should have put them in the green. TRON (TRX) price moved back sharply today after hitting the $0.05 level during Thursday’s trade. The coin lost more than 8% of value to $0.038 in the last twenty-four hours, down 11% in the previous … With some coins up and some coins down today, where do Litecoin [LTC], Monero [XMR], and Cardano [ADA] stand in the market? Litecoin is currently selling for $119.49, which puts the … Name Email Subject General InquiriesAdvertiser inquiriesMedia inquiriesDMCA Notices Message Copyright © 2018 422 Richards ST, Suite 170 Vancouver, Canada 1.800.340.9768 Copyright © 2018 Terms of Use Privacy Policy DMCA Disclaimer| Authors 422 Richards ST, Suite 170 Vancouver, Canada 1.800.340.9768

Cerca e consulta articoli. More results... Download the NEM Wallet and keep your coins in a secure XEM wallet. The wallet comes with a built-in exchange, top-notch security and an intuitive interface. The app is perfect for both pro NEM enthusiasts and crypto beginners. Enhanced securityThe NEM Wallet by Freewallet is a free XEM app, offering high-grade security for your account. Your money will be safe even if you lose your phone. Just block the account and retrieve access from another device. Security features include: Fingerprint Login. 2-factor authentication. PIN code lock. Email confirmation for each transaction. Daily and weekly transaction limits. Most assets are stored in cold storage, protecting them from bad actors, and guaranteeing that no money will be stolen or lost. Exchange functionsUsers can top-up their NEM wallet with any cryptocurrency and it will be automatically converted into XEM. Receive and send XEM to almost any altcoin address and make 100% free transactions within the Freewallet eco-system. We have integrated a crypto exchange right in the app, so you can easily convert your XEM to almost any other coin. To make your crypto life a bit easier, the XEM wallet app features real-time price charts to help you keep track of your balance in fiat currencies. Easy and comfortable to useThe NEM Wallet has a simple and intuitive interface. Log in with your email, Facebook, Google or mobile phone number and share your wallet address on Twitter, Facebook, email, etc. Caring supportOur support team is ready to help you 24/7 with any questions you may have. The wallet is available in 13 languages featuring German, French, Spanish, Chinese, and Russian. About FreewalletFreewallet has been a key player in the cryptocurrency community since 2016. It supports more than 100+ cryptocurrencies including Bitcoin, Ethereum, Litecoin, Dogecoin, Monero, and Bytecoin. NewsBTC listed Freewallet as the third most popular wallet for Android in 2018. About NEMNew Economy Movement aka NEM is a cryptocurrency written on Java and JavaScript and using a Proof of Importance algorithm. The NEM blockchain software features an open blockchain network – the Mijin, which is being tested by financial institutions and private companies in Japan. The app is available for Android 6.0 and greater

Bitcoin Dominance, at the time of writing, had dropped a little over the last 24 hours, with the same observed to be at 65.05%. As far as the market’s alts were concerned, while Monero exhibited a bearish divergence, NEM was trading under a strong level of resistance after recovering with strength over the past few days. Finally, VeChain broke out of a descending channel and it could see a minor pullback on the charts.

XMR rose past its level of resistance at $127.4, but it was unable to hold on to the level as a support level.

Monero was playing out a bearish divergence between the price and the momentum indicator (RSI) and it could post note more losses in the coming hours.

The Fibonacci retracement levels for the move from the swing low at $110.09 to $129.72 showed that XMR could retrace to its 38.2% or 50% levels before continuing its uptrend.

An uptrend remained in play, however, as the price formed a series of higher lows after breaking out from the descending channel.

XEM dropped under an ascending channel to test the support at $0.115, before the market bulls seized the initiative and drove prices all the way back up to $0.135.

At the time of writing, XEM looked set to see a minor dip to $0.13. The MACD line and the Signal line were well apart and suggested that a small correction was due.

XEM does not have significant resistance above the $0.137-level till $0.154, so a close above $0.137 followed by flipping resistance to support would suggest strong bullishness.

VeChain broke out of its month-long descending channel a few days ago accompanied by good trading volume. The projected target for the breakout would have been the base of the channel at $0.134, and VET rose past the level and then saw a pullback.

The Stochastic RSI was moving lower from an overbought reading and could see VET dip further. $0.13 has been a liquidity pocket for VET, hence, it is possible the price would witness a pullback to this area.

It was not clear whether VET would continue its recovery and rise past the $0.139-resistance level, or whether it would have to trade within a range over the next few days.

A trading session close below $0.123 would indicate that bulls were exhausted and bears had the upper hand.

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Having studied Chemical Engineering, Akashnath's focus is on the UK and Indian markets and especially crypto assets. He is devoted to technical analysis and is always on the lookout for investment opportunities.

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Join us for our chat about one of the hottest blockchains out there! Subscribe to Nem with Tony - https://www.youtube.com/channel/UC1rM...Get 3% off on Genesis Mining - nBiS6j Support me on https://www.patreon.com/thecryptolarkFollow me on https://steemit.com/@larksongbirdFollow me on https://twitter.com/TheCryptoLarkSecure your coins with a hardware wallet! Get the Ledger Nano S https://www.ledgerwallet.com/r/6877Buy Bitcoin and ETH online with CEX - super easy! https://cex.io/r/0/up107621515/0/Sign up on Bitfinex to get your IOTA, OmiseGo, EOS, and get 10% off your first month's fees!https://www.bitfinex.com/?refcode=VhJ...Buy Bitcoin online using Visa or Mastercard with Coinmama! https://www.Coinmama.com/?ref=thecryp....Donations are always appreciatedBTC -- 1PDmGdhHrPnJSxoBDTSSVGrvpXvfWWFDz2LTC -- LguhPERjTXenBqe5gjaKgJn9CHZmP4AJKwDash -- XfKcrjBEYyWypNLgZzPtQvwfWWAG9MaZArEthereum -- 0x18BC5a79872115d9b774233A2011b10Ab302Ad24NEM -- NBRQ2T-I5IYFD-V7RGL4-R3LYIQ-BBO4Z6-ESFGC5-MCLDNAV - Nbouc8cE38LQTMcnAb7oa7J8rqjKrNcxcYDisclaimer: Everything expressed here is my opinion and not official investment advice - please do your own research before risking your own money! Thanks for watching!Please like, subscribe, and share if you found this useful!Questions or comments please e-mail thecryptolark@gmail.com Завантаження списків відтворення...