One major problem with NEM is they never had a clear roadmap which is what whales use as guidelines for pumping. They were so absorbed in getting everything right they literally forgot to generate any interest in what they were doing. Although, I think it had much more to do with the supreme arrogance of Lon than anything else. Basically, NEM ran so far ahead of the pack but didn't monetize that along the way. People hold a coin not for the current pump but for the NEXT one. NEM never had clear steps along the way of their development to coordinate that stuff so they are now way undervalued because in crypto 1 event = 1 event - content DOES NOT matter. NEM never, ever understood this. Now NEM is stuck having to perform and generate actual real world interest in people purchasing their token. Mosaic ICOs will not cut it for them now - that market is dominated and saturated by ERC20 and that is the end of it. Yes, they need companies to use their public blockchain (NOT Mijn!) and purchase XEM to do so. Good luck for now because actual usage beyond testing that would matter is 5 years away which might as well be 3000 years in crypto.
I truly believe in this coin and honestly think it's one of the best out there. But I don't think the vast majority agree with that statement. Nobody seems to give a shit about it, and that concerns me.
I used to think that catapult would "catapult" nem onto the main stage and in the spotlight. But I wonder if catapult mainnet will even move the needle. With the way things are going I think not. If a superior solution exists and nobody cares about it, is it really superior?
I understand the whole market is down and that plays a factor, but a bigger problem is the coin itself and lack of marketing and awareness. Although on the plus side, Last time we had a big lull like this we came storming out of nowhere to reach $2.
This pathetic lack of volume compared to the rest of the to 15 is really concerning to me. Am I the only one who feels this way?
There's an old saying that goes: if one person is the problem, they're the asshole. If everyone is the problem, you're the asshole.
Are we (nem holders) the collective assholes?