NEM is currently one of the rare top cryptocurrencies actually seeing some gains on November 21st.
After a short break on November 20th that allowed the entire crypto market to take a rebound, in less than 12 hours since the rebound took place, the market started to drop again.
Some cryptos, like Bitcoin Cash, for example, were able to take more benevolent gains against the fiat, with BCH going up by over 17% at one point, while hours later the entire marker started to drop again.
One day later, the market is still seen in a dip, which is, in general, the overall trend of November 2018.
However, NEM is showing signs of rebounding despite the fact that the rest of the top trading cryptocurrencies are dropping at the moment.
NEM Price Prediction for 2018: Can We Expect Rises from NEM?
Although its price went from 0.092$ to 0.086$ in the course of a week, NEM isn’t the most affected crypto by the recent market dip among the list of top trading cryptocurrencies.
While some cryptos like BCH, ETH, and BTC have lost from -25% to -49% against the fiat, NEM lost “only” -15% in the course of the last week.
Additionally, NEM was able to collect some rises during the rebound on November 20th, and even after the rest of the market went into the red again, NEM continued to collect rises.
Currently, NEM is going up around 2% against the dollar, valued at the price of 0.081$ as the rest of the market is returning to the already familiar dip.
NEM (XEM) Price Today – XEM / USD
Price 24H (%) 1.2%
NEM made it to its all-time high 10 months back in January with the rebounding market when the crypto was priced at 1.87$ per one unit.
Since then, NEM went down by -95% also dropping by nearly -60% on the year to date chart.
Based on the current pace of growth of NEM in the market, the top price the crypto could reach could be 0.090$ by the end of December.
NEM Price Prediction for 2019: Can NEM Get Back to $1?
NEM made it almost to the value of 2$ back in January with an all-time high of 1.87$, so many are expecting to see NEM at least back at 1$ in 2019.
2018 might have brought bearish trends to the crypto market, but based on the current momentum the cryptos are experiencing, the market could be in for a prolonged dip even in 2019.
In case the trends don’t improve, NEM could start the year of 2019 at the value if 0.060$, so the value of 1$ appears to be a rather unrealistic milestone at the moment.
Based on the previous momentum of NEM in the market, NEM could go as low as 0.030$ by the end of 2019 in case the market trends fail to improve.
It will definitely be a real challenge for NEM to acquire a positive momentum strong enough for it to get back at 1$ as the market appears to be set to dropping continuously.