Post
Topic
Board Announcements (Altcoins)
Re: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs
by
cryptonit
on 27/10/2016, 20:40:30 UTC
Anyone knows why NEM has such a low trading volume compared to other top20 crypto projects ?
Price seems kinda not really true/supported at these volumes ?!?

I suspect it's because the price of XEM isn't margin traded and isn't being manipulated. Other coins have either margin trading or huge whales that fake liquidity in order to boost their chance to offload. This is one of the results of NEM having such a good distribution. When you see market action in XEM, it's most likely real.

two words answer

zero inflation = zero mining sellpressure

many coins used to fill 400 supernodes = reduced ammount of coins on exchange

and last but not least

NEM is one of the coins who attracted mostly hamsters

a hamster hardly let a coin leave his hands once he added it to his portfolio