[Trade Recommendation] NEM Price to Catapult

[Trade Recommendation] NEM Price to Catapult

Market Analysis Trading
May 2, 2018 by Steve
NEM

NEM is an highly customiziable smart asset blockchain that third parties can use to build almost anything, from cryptocurrencies to supply chains and even notary services. Through its API-driven interface NEM can be used with any programming language, making it ideal for enterprises to integrate their existing infrastructure on the blockchain. Developers who wish to utilize the platform do not need any special softwares and can instead access the blockchains functionality through its API.

With flexiability and ease-of use in mind, it offers many features to suit the varying needs of organization such as the option between public and private blockchain, multisignature addresses, P2P time synchronization system, and encrypted messaging.

Market Cap: $3.71 billion

Current Price: $0.41

All time High: $1.9

Fundamental Analysis

As one of the older blockchain projects, NEM already has a established network of partners in the Asia Pacific Region. Through the Mijin blockchain, its engine is being trial tested by many of Japan’s leading financial institutions, private companies, and cryptocurrency exchanges. Later this month, NEM will release the 2.0 version of Catapult which allows NEM to power both private and public networks with its unique smart contract plugins. These plugins will enable bulletproof digital asset creation, decentralized swaps, advanced account systems  business logic modeling, and the joining of IoT to AI applications.

Upcoming Events

May 4th Chainges Conference
May 31st Catapult Release

 

Technical Analysis

Entry: 0.000045~0.000040

Target: 0.00007+

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