Post
Topic
Board Announcements (Altcoins)
Re: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs
by
boomboom
on 15/10/2018, 09:33:33 UTC
Very good to see that even with market conditions like these XEM still holds its value and offers a great opportunity to buy more of it.  Keep it up guys and dont fear today, think about the upcoming years instead!

What do you talking about, with "holds its value" ? Last half year, XEM dumped hardest from all TOP20 coins (we were in TOP5 club before, do you remember?). Now it's clearly sitting on the same (#17) position and all the movements are clearly driven by market waves, speculations and manipulations - and of course by BTC moves. Unfortunately; and we'd hope that this will change somewhere in the future. But, of course, 97-99% of all altcoins are under the same pattern, it's not just XEM speciality right now.

NEM has no mining, that means day traders are far less interested as there are no miners to trade with, just other speculators and investors, and during a bear market that makes NEM dull for the vast majority of current crypto users. This is actually good news, as it means NEM can survive in top20 without speculators and new adoption that will inevitably come during the next bull market, just off the fundamentals of the tech, community & devs.

My only worry is what happens when supernode rewards drop to zero overnight in just over a year afaik ... that scares me a lot!