Having said that there are some very cool developments happening but they're almost all in Asia so most people on here will have little awareness of them. It has a CNY pairing in China and may hit a JPY exchange in the coming days.
Reason is right there. NEM has partnerships with the Japanese government and banks; as well as in Malaysia and Myanmar. This is why the price is exploding. Posters do your homework.
Nice catch, SydorFunk. Yes, this may be the reason people investing in NEM has a lot of faith in the coin.