In this guide, we will share our and the market’s view of future XEM as we discuss NEM price forecasts for 2023 and beyond.
Keep in mind that you should take this and any other forecast with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a new highly volatile financial asset like NEM.
Now, let’s get into it. Before we delve into NEM price prediction and answer questions about whether XEM is a good investment or not, why XEM will succeed or fail, or why the NEM price will rise or fall, let’s quickly take a look at what XEM is and its history to date.
What Is NEM/XEM?
The XEM coin is one of the old cryptocurrency lots on the market, and the NEM blockchain was created well before the 2017 ICO craze. But what is NEM? And what is the function of XEM cryptocurrency?
Similar to Ethereum, NEM is a platform that offers multiple features, and the XEM token is designed to be part of a new, smarter economy.
XEM is not “mined” or “placed” like a traditional currency that uses PoW or PoS consensus algorithms. Instead XEM is “collected” through PoI, which works more like a business retirement plan than an interest-bearing savings account (which even PoS cryptocurrencies like Tezos resemble in some ways).
XEM Price Forecast For the next 90 days
The entire cryptocurrency world is on the verge of complete collapse. Bitcoin fell 75% from its all-time high amid broader market declines caused by furious inflation and the US Fed’s rate hikes.
When you add the most recent collapses of huge industry players (FTX, Celsius, Moon etc.) into the equation, the horizon is murky and there will be more blood on the streets of the crypto city.
Investors are selling risky assets and moving to more stable markets. Crypto is still perceived as a very risky game and therefore sell off.
Our algo still sees some green in 2023, especially in the second half of the year. This is reflected in our forecast for 2023.
Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend.
Once Bitcoin settles into the new price range, altcoins will start doing the same – we’ve seen this scenario dozens of times in distant and more recent history.
Our price forecasting model is bearish for the next 90 days with a hint of a bull market straddling quarters from Q1 to Q2. We expect whales and other larger players in the market to finish filling their bags around that time, which will cause a typical and sudden crypto spike.
The fundamentals we evaluate are teams, tokenomics, use case, community, marketing efforts, liquidity and availability of exchange, hype and speculative potential, and some other proprietary factors developed in our crypto lab.
NEM Price Prediction 2023
High inflation and the extremely dangerous macroeconomic situation have been heavily reflected in the price of Bitcoin in 2022. When we take the internal crypto issues with big players like FTX, Celsius, Voyager, Luna going down, 2023 doesn’t look too good for bulls. We’ll likely see a lot of boring sideways price action with a tendency to slide down with each minor market tremor.
XEM Price Prediction 2025 – 2030 – 2040
Our forecasting model sees NEM faltering in 2025 and falling to $0 or nearly $0.
The XEM price in 2030 and 2040 could be close to zero as we don’t see a bright future for it in the distant future. The project doesn’t offer any unique value to stand out from countless competitors, so we don’t think it’s worth investing in this coin in the long term.