Is NEM (XEM) a Good Investment?

NEM is a good investment if you wish to diversify your crypto portfolio by investing in projects with real-world use cases. The enterprise-grade blockchain could witness significant traction as Web3 adoption goes mainstream in the future. As more organizations start looking to deploy decentralized applications, the NEM price and market capitalization could experience an uptrend. The XEM price statistics could also benefit from higher on-chain activity as developers create and deploy other projects on the NEM blockchain. In addition, bullish market sentiment could increase investor confidence in cryptocurrencies and help the NEM price trend upwards. When the market mood is upbeat, buying activity across the market builds up, which could help the XEM to USD price gain.

What is the XEM Price Prediction?

Although it is impossible to make an accurate NEM price prediction over any duration, based on its past performance, the following factors could contribute to a price change in the XEM coin: Level of Adoption of NEM Blockchain The development of more dApps on the NEM ecosystem could contribute to higher on-chain activity on the network, leading to an increase in the price of XEM. On the other hand, if NEM faces stiff competition from newer blockchains offering higher efficiency, the price of NEM crypto could experience a decline. Innovation in NEM Ecosystem Any new developments rolled out by the team of developers could also make the NEM network more attractive for use and the XEM coin a more lucrative investment. Future upgrades that could make the blockchain faster, cheaper, and more capable could power gains in the value of NEM cryptocurrency. Market Sentiment When it comes to cryptocurrencies and their price action, one of the biggest drivers is market sentiment. When leading cryptos like Bitcoin and Ethereum head higher, a bullish sentiment encourages investors to buy other digital assets. This could help the price of XEM climb higher. However, a bearish sentiment or a risk-off mood could drive sell-offs in crypto assets. In such times, there could be some weakness in the price of NEM.

What is XEM Token Used For?

XEM is the native cryptocurrency of the NEM blockchain. Here’s a list of some of its apps:Native Currency $XEM is used to pay transaction fees when users or dApps use the blockchain. It is also used to pay for transactions when executing smart contracts on the platform. Harvesting (Mining)XEM can be harvested or mined when validating transactions and producing new blocks in the NEM Network. The process is called harvesting and offers an exciting way to earn XEM by contributing to the blockchain’s consensus mechanism. Governance Token XEM token holders enjoy voting rights and can have a say on any proposals regarding the future evolution of the NEM ecosystem. In this manner, $XEM powers decentralized governance within the network. Crypto Asset to Invest in and HODL You can trade NEM cryptocurrency against other digital assets in the market. Buy or sell XEM against other cryptocurrencies or hold it long-term if you believe in the future potential of NEM. Review the real-time NEM price, XEM market cap, circulating supply, 24-hour trading volume, and the latest crypto news before you trade XEM.

How to Mine or Harvest XEM

Harvesting is a process similar to mining and is a lucrative way to earn XEM by running a node and participating in the blockchain’s POI consensus mechanism. Here’s how to harvest $XEM: 1. Set up a XEM account and download the NEM NanoWallet. Ensure that your wallet is funded with a minimum of 10,000 XEM coins in vested balance to start harvesting. 2. Activate delegated account to start the Delegated Harvesting feature on your account. You can do this by heading to Services and selecting the Manage delegated account feature. Click on Activate/Deactivate the delegated account, enter your password, and click on Send. 3. Once your Remote Status changes to Active, you can start the process of Delegated Harvesting. 4. Click on Start delegated harvesting, select a node you wish to delegate your XEM and enter your wallet password to process the transaction. If the selected node has available harvested slots, your transaction will go through successfully. 5. Please sit back and earn $XEM for harvesting and contributing to the blockchain’s consensus.

Where to Exchange Ethereum For NEM (XEM)

One of the easiest ways to exchange your Ethereum (ETH) for NEM (XEM) is via KuCoin. Here’s how to do this: 1. Start a KuCoin account and fund it with adequate ETH by buying on our platform or transferring your existing crypto holdings into the KuCoin trading account. 2. Head to KuCoin Spot Trading to sell ETH/USDT and convert your Ethereum holdings into Tether. 3. Use the USDT you now have in your trading account to buy XEM on Spot Trading by placing a buy order on the XEM/USDT pair. 4. Once your trade order is processed successfully, your KuCoin account will be funded with the new XEM crypto you have exchanged your Ethereum for.

How to Buy NEM (XEM)

Price of NEM (24h)$0.015357916716934

0.51%

Real-Time XEM Rate Converter

Interested in buying NEM (XEM) or exploring other cryptocurrencies? This is the right place for you! KuCoin offers safe and easy ways to let you buy NEM (XEM) instantly wherever you are! Check out all the ways you can buy XEM on KuCoin.

Buy NEM (XEM) on KuCoin in Four Simple Steps

Create Your Free KuCoin Account

Sign up on KuCoin with your email address/mobile phone number and country of residence, and create a strong password to secure your account.

Secure Your Account

Ensure stronger protection of your account by setting Google 2FA code, anti-phishing code, and trading password.

Verify Your Account

Verify your identity by entering your personal information and uploading a valid Photo ID.

Add a Payment Method

Add a credit/debit card or bank account after verifying your KuCoin account.

Buy NEM (XEM)

Use a variety of payment options to buy NEM on KuCoin. We'll show you how.

Choose How You Want to Buy NEM on KuCoin

Buying cryptocurrencies is easy and intuitive on KuCoin. Let's explore the different ways of buying NEM (XEM).

Buy NEM (XEM) with a Credit or Debit Card

This is the easiest way for new users to purchase (XEM). Link your credit or debit card to your account, enter the purchase amount, then wait for the transaction to be completed.

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How to Buy Crypto With Credit Debit Card Web

Buy NEM (XEM) via Bank Transfer

Depending on the region you are in, bank transfers are also a safe and convenient way to buy NEM. You can purchase XEM once the funds arrive in your account.

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Buy NEM (XEM) Using Third-Party Channels

KuCoin supports a variety of leading third-party payment processors. Visit our third-party payment page to view available methods in your region.

Buy NEM (XEM) with crypto on the KuCoin Spot Market

With support for 700+ digital assets, the KuCoin spot market is the most popular place to buy NEM (XEM). Here's how to buy:

1. Buy stablecoins such as USDT on KuCoin using the Fast Trade service, P2P, or through third-party sellers. Alternatively, transfer your current crypto holdings from another wallet or trading platform to KuCoin. Make sure your blockchain network is correct, since depositing crypto to the wrong address may result in loss of assets.

2. Transfer your crypto to a KuCoin Trading Account. Find your desired NEM (XEM) trading pairs in the KuCoin spot market. Place an order to exchange your existing crypto for NEM (XEM).

Tip: KuCoin offers a variety of order types to buy NEM (XEM) in the spot market, such as market orders for instant purchases and limit orders for buying crypto at a specified price. For more information about order types on KuCoin, click here.

3. As soon as your order is successfully executed, you will be able to see your available NEM (XEM) in your Trading Account.

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How to Store NEM (XEM)

The best way to store NEM (XEM) varies based on your needs and preferences. Review the pros and cons to find the best method of storing NEM (XEM).

Store NEM in Your KuCoin Account

Holding your crypto in your KuCoin account provides quick access to trading products, such as spot and futures trading, staking, lending, and more. KuCoin serves as the custodian of your crypto assets to help you avoid the hassle of securing your private keys on your own. Make sure to set up a strong password and upgrade your security settings to prevent malicious actors from accessing your funds.

Hold Your NEM in Non-Custodial Wallets

"Not your keys, not your coins" is a widely recognized rule in the crypto community. If security is your top concern, you can withdraw your NEM (XEM) to a non-custodial wallet. Storing NEM (XEM) in a non-custodial or self-custodial wallet grants you complete control over your private keys. You can use any type of wallet, including hardware wallets, Web3 wallets, or paper wallets. Note that this option may be less convenient if you wish to trade your NEM (XEM) frequently or put your assets to work. Be sure to store your private keys in a secure location as losing them may result in the permanent loss of your NEM (XEM).

What Can You Do with NEM (XEM) on KuCoin?

Hold

Store your NEM (XEM) in your KuCoin account.

Trade

Trade NEM (XEM) in the spot and futures markets.

Earn

Earn passive income by staking or lending NEM (XEM).

Why Is KuCoin the Best Platform to Buy NEM (XEM)?

Safe and Trusted

Our regular Proof of Reserves (PoR) mechanism ensures that customer funds are backed by 1:1 real assets. KuCoin was named one of the Best Crypto Exchanges by Forbes in 2021 and selected by Ascent as the Best Crypto App in 2022.

High Liquidity

Boasting a high liquidity order book for all listed cryptocurrencies, KuCoin delivers a liquid trading experience with tight spreads.

Home of Crypto Gems

KuCoin supports more than 700 cryptocurrencies and is the best place to find the next crypto gem. Buy NEM and trade it against various digital assets on KuCoin.

Intuitive Interface

Buying NEM (XEM) on KuCoin is quick and easy, thanks to our intuitive interface and powerful technology. Obtain XEM in an instant when you buy on KuCoin.

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FAQ

How can I sell Centrifuge (CFG)?

Selling Centrifuge (CFG) on the KuCoin Spot Market is fast and easy. To sell your Centrifuge (CFG) on KuCoin, you can simply use the KuCoin Spot Market, which has even lower fees and no slippage. Both market orders and limit orders are available on the KuCoin Spot Market, so that you can sell your Centrifuge (CFG) at your preferred price.

Where can I buy Centrifuge (CFG)?

Buying Centrifuge (CFG) on the KuCoin Spot Market is fast and easy. To buy crypto on KuCoin, you can transfer assets to your KuCoin account, then trade those assets for CFG. Alternatively, you can buy USDT using KuCoin Fast Trade, then trade your USDT for Centrifuge (CFG) on the Spot Market. Refer to the guides on "How to Buy Centrifuge (CFG)" to learn more.

How do I use a credit card to buy Centrifuge (CFG)?

You can buy Centrifuge (CFG) with a credit card on KuCoin in just a few simple steps. Simply go to the KuCoin Fast Trade page, select Centrifuge (CFG), and use your credit or debit card to pay. Be sure to complete Identity Verification prior so that you have access to all KuCoin features and services.

How do I use PayPal to buy Centrifuge (CFG)?

When purchasing Centrifuge(CFG), KuCoin does not currently accept PayPal. Instead, you can purchase Centrifuge(CFG) via PayPal on another trusted and secure platform, or transfer your funds to KuCoin to purchase Centrifuge(CFG) on the KuCoin Spot Market. Alternatively, KuCoin does support purchasing Centrifuge(CFG) using a wide range of other payment methods. Simply visit the Fast Trade channel to learn more.

How much does it cost to buy Centrifuge (CFG)?

The live price of Centrifuge (CFG) is $0.2808, meaning you can buy 3.56 CFG with $1. Use KuCoin's Centrifuge live price chart to find the best time to buy CFG.

Should I buy Centrifuge (CFG)?

Centrifuge currently ranks #185 in market capitalization among all cryptocurrencies. In the past 24 hours, the price of CFG has increased by 0.97%. Before trading Centrifuge (CFG), please be sure to perform both fundamental and technical analysis, and evaluate your level of risk tolerance.

Is Centrifuge (CFG) a good investment?

Centrifuge (CFG) has a market capitalization of $140,161,593.57 and is ranked #185 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Centrifuge (CFG) price trends and patterns to find the best time to purchase CFG.

NEM (XEM) Price Analysis

Live Price

The live price of XEM is 0.015281 USD, representing a decrease of -8.47% in the past 7 days and 0.51% increase in the past 24 hours.

Historical Trends

The all-time high of XEM was 2.09 USD on 01-03, 2018, from which the coin is now down -99.27%.
The all-time low of XEM was 0.000079 USD, from which the coin is now up 99.48%.

ATL0.000079299803473987

ATH$ 2.09

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Disclaimer

Given the nature of the crypto market, the price of NEM (XEM) is subject to high market risk and price volatility. We recommend you invest in digital assets only after you understand how they work and their associated risks. Other factors to consider when devising your crypto investment strategy include your experience level, financial situation, investment objectives, and risk tolerance. You could also consult an independent financial advisor before buying cryptocurrencies. The above information is not financial advice, and past performance is not a reliable indicator of how the market will fare in the future. The value of your investments and assets may rise or fall based on market conditions, and there is no guarantee that you will get back the amount you invest or profit from your investments. Your investment decisions are your sole responsibility, and KuCoin is not responsible for any losses you may incur when you buy crypto on its platform. We rely on third-party sources for price and other data related to the cryptocurrencies listed above, and we are not responsible for its reliability or accuracy. The information is provided to you solely for informational purposes and is not warranted by KuCoin.