NEM is up 86% on the daily candlestick chart to reach a price of $0.0772 — the highest level since May 2022.
The 30-minute chart below shows that buyers entered the market around noon, pushing the price of SEE sharply higher. The 24-hour trading volume figure currently stands at $321.42 million – an increase of more than 3,000% from the previous day.
But since then, the bears have stalled, pushing the price of the coin as low as $0.0694. But at press time, most of the profits were still there.
Source: TradingView.com
With a year-to-date (YTD) gain of 171%, it is outperforming Bitcoin, which has only gained 43% since the start of the year.
What’s up with NEMs?
No new fundamental developments were recorded. The company’s Twitter account hadn’t posted anything since Christmas Eve and before its last post on July 15, 2022. BTW, comments posted on July 15th are closed. 2022.
Reaching an all-time high of $1.87 in January 2018, NEM was an important project at the time, ranking seventh in the market capitalization rankings.
However, the project is now fading into oblivion and is currently ranked 82nd.
- NEM added after major update and airdrop plan
- NEM Launches Symbol (XYM) for Custom Security Token Market
board take
According to Cryptoslate
