Re: NEM (XEM) Official Thread -100% Original Codebase - Over 70 Active Team Members
However to increase the market cap needs one necessary thing to happen - to increase the cash flow into crypto-market. Without it you can produce miracles however nobody will buy it. Currently is irrelevant what you produce - no buyers = no market = no evaluation. In winter 2013/14 i believe the marketcap would be 20-50M now.
So the best idea now is to stay cool, keep working and just wait until the situation gets better.
+ one more thing - the market caps at coinmarketcap is a general lie. Try to sell even 5 percent of market cap of any crypto in top 20 and the price will plummet to ZERO. The real marketcap is approx. 20 times so low and is equal to buy orders. The market is in really horrible state, it looks like market in summer 2013. 4 months after that it boomed 10-100 times. So my 2 XEMcents for traders and NEMsters: buy in now (in XEM i think the bottom will be 41 sat) and close BTT and POLO pages for long months.
So the best idea now is to stay cool, keep working and just wait until the situation gets better.
+ one more thing - the market caps at coinmarketcap is a general lie. Try to sell even 5 percent of market cap of any crypto in top 20 and the price will plummet to ZERO. The real marketcap is approx. 20 times so low and is equal to buy orders. The market is in really horrible state, it looks like market in summer 2013. 4 months after that it boomed 10-100 times. So my 2 XEMcents for traders and NEMsters: buy in now (in XEM i think the bottom will be 41 sat) and close BTT and POLO pages for long months.
This is spot on. Crypto in general is very, very weak. I think maybe around September fiat economies will start to seriously tank in some countries, so people might go into crypto at that time. By then, NEM will have a xxxxxx xxx out and some very interesting features
We should also see some companies using the NEM block chain platform starting operation. I can't think of another project with as much potential as NEM, tbh.