Re: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs
One thing that is not cool on NEM right now among all the positive news is fees for small and micro-transactions. I understand it's spam and harvestors protection but it's bad having 0.0025% fee when you transfer 1,000,000 XEM and 10% fee when you buy a coffee for 10 XEM. How about some compromise 0.1% for any transaction with minimum 0.01 XEM and max 10 XEM ? Spamming would be still costly and but coffee would be bought without noticeable fee. As price fluctuates (mostly up 
), it might be needed to re-adjust it again in the future. Minimal transaction fee should be around quarter of USD cent imho.
), it might be needed to re-adjust it again in the future. Minimal transaction fee should be around quarter of USD cent imho.The price has risen so rapidly that it's pretty tough to respond to things like that. They have reduced the fee in the past. They'll need to do it again. It seems the primary moan is Poloniex's withdrawal fee which is now about $4 so it's becoming more like BTC all the time.
This is not a good time to adjust fees as price is expected to double if not triple tonight! Probably in 2 to 3 months would be a good time to re-evaluate and adjust fees.
Why do you expect the price to double or triple tonight?
The charts show the same exact pattern as of May 4th to 7th. On Sunday 7th of May a huge buy wave hit XEM Japanese Morning time. For that I am expecting the same exact pattern will hit within the coming 10 hours to take XEM in the range of ~0.5$.
In general NEM market cap at 2B is still too low compared to XRP at ~13B. You should expect at least 30% of XRP market cap to move to XEM sooner than latter. It seems that some news will be announced tomorrow in the conference. In addition someone was referring to 25th of May for some NEM big news that I am not quite sure what it will be.
On the other hand the last STR pump was a big failure cause whoever was pumping STR was dumping XEM. This didn't work well cause it seems STR holders dumped STR to buy low XEM. So the current STR pump has to hit XEM in order to advance beyond STR->XEM exchnage.
These are the main reasons why XEM is more likely to double tonight. Keep in mind there are many other reasons why XEM will rise within the coming weeks.