XEM is among the cryptocurrencies that suffered the biggest blow during the notorious crypto winter of 2018. The near-bankruptcy situation, which led to NEM Foundation firing most of its staff, had almost run the organization into the ground. But to their credit, the coin didn't take a very deep nosedive and managed to establish a foothold in Top 20. In spite of that, XEM remains extremely profitable for the initial investors, who have committed to the project way back when the token was worth $0,0015.
XEM is at the point of boom or bust. It needs to surprise everyone with a real rush of investors or it will be eternally forgotten. XEM never had anything to offer to the blockchain community, and it still doesn’t. Until they can find some way to dig themselves out of their own grave, any smart trader isn’t going to touch it. This could work as a short term trade, but even that is dicey since XEM already went bankrupt not too long ago. There are those that think just because a coin went down significantly in value that it will miraculously jump back up in price, and so far, it doesn’t look like that’s the case with XEM.
XEM not only went bankrupt, but it's so far down in value that it can't go down any further at this point. Although XEM basically doesn;t have any users on its platform or any real partnerships, it's basically a perfect buy. If you aren't buying XEM here then I really don't know what to say other than I'm sorry that you didn't listen. The charts are lining up perfectly and nearly ever signal group is calling XEM as the next big pump.
It's so funny, NEM basically was bankrupt and fired all their workers and now they secure funding at the coin pump 10%? I mean this is why crypto isn't going anywhere right now. The people are too gullible thinking any of this will keep this inefficient blockchain afloat. What has NEM even accomplished in the last two years? They've been incognito for the last year with neary zero releases and no announced milestones. The community needs to get a wake up call and dump these types of projects and stick with projects that are going to last.
It seems that NEM, a top 20 coin market cap coin, is nearly broke according to the NEM foundation. Considering there's been zero developmental updates, this news finally makes sense. I'm surprised the price hasn't done a nose dive. The foundation claims they'll be restructuring and doing a business pivot. We'll see if NEM survives the remainder of this bear market.
Need advice here! I read 'You can't mine this crypto in the traditional sense' getting rewards here is called 'harvesting' and for that you don't need any expensive equipment, all you need is 1) have not less then 10 000 XEM on your account 2) wait till the funds from your passive part of account till be transferred to the active part of account (10% of account is moved from one part of account to another every day) 3) use your account as actively as possible. A regular desk top is good enough for that'. Has any one tried 'harvesting' NEM?
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