Hello NEMbers and potential investors.
I am back for my monthly feedback on NEM. Last time I came here was when NEM was at 1000 satoshi and downtrending at 1300 satoshi, my predictions have proved to be pretty accurate.
Much has changed for NEM for the recent price increase and now we are riding around 2500 satoshis. Almost a double since my last post, but there is a good reason behind it. Recognition. A lot of more people are speculating about NEM now and getting to know it's system, and as NEMbers we already know how advanced the tech is, the more people read about it the more want to tag along. Just in our NEM RED channel we have grown our community from 600 to 900 members in rather short time, and the direction will remain the same.
Not only that, last time we were wondering why NEM was rising, mostly because of the many overweighted ALT coins that needs a better home and of course NEM got part of that and also was recovering from it's long downtrend which is normal for a coin that peaked massively in a short amount of time last summer.
Now there is more though than just speculation, since NEM has started to bring more and more actual news as you might have heard, and I believe this trend will continue to go on. As long as there are coming actual news and see the project is strongly going forward and getting increased amount of recognition I don't see any reason why the price rise should stop. The only way I really see NEM is going down is every other alt coin is going down too, but I believe NEM will still remain a very strong position versus the rest.
I believe that in coming months we will be added to most of the major exchanges as we are growing, it's their responsibility to ASK NEM to be part of their portfolio because other they would not look an exchange to be taken seriously. It's about their image too to have NEM included. This will bring NEM even more recognation and more investors. Most of the people read and really get inside the project about NEM really start to believe in the project.
Not only that, we just launched our wallet for apple store and our first phase of catapult is probably coming in next few months, and to remember NEM is already great without catapult and it is definitely delivering more and more, catapult is just a great upgrade to great project. It's more like Windows XP upgraded to Windows 10.
All this together, without a big drama, I believe NEM will reach 3000-4000 satoshi before June, there are much possibilities it will peak higher too, but I think for growth that will be our new floor. So for those who think is it still too late to be on NEM, definitely not. Not if you are invested in cryptos. It's a very good time to enter even for now. In a few year terms the project is worth billions.
The news will be coming more and more and the only pause for NEM is a big hit to cryptos as a whole. But even that is just momentarily and will recover within months.