NEM price predictions 2019: NEM was designed to speed up the blockchain-based transactions and to provide revolutionary consensus mechanism. This ensures that the platform would be able to grow with complete stability. The unique offering has already caught the attention of many developers.
While the fundamentals of the platform are pretty strong most of the investors are trying to find out if they should invest in NEM.
NEM price predictions 2019:
In the pending 10 months, the return of 60% is good enough. When you look at the five-year forecast of the cryptocurrency. Thus over a period of 5 years as well, it provides plenty of upside.
While on the whole, these predictions might look a little bleak but when you take into account the strong application of the platform which it is developing, it would provide you with good returns and stability in your portfolio. Also, it is a good diversification option considering the fact that the platform is finding increasing takers.
Moreover, the company believes that over a period of time, it would be able to provide blockchain solutions which are much more stable and which provide a higher output as compared to some of the other blockchains. If that happens, the value of the token would increase even further.
Also, the platform provides additional security as well which would definitely attract more users to its platform. The permission-based private blockchain ensures that there is complete privacy whenever transactions are conducted on the blockchain. This would in the future attract enterprise level clients as well which would definitely increase the credibility as well as usability of the blockchain. A lot of companies are looking for entirely private and permission-based blockchain in order to migrate their systems.
Thus, if you’re looking to invest in lesser-known cryptocurrencies which can provide you with a decent upside, NEM is a good option for you. Even though it might not offer you sky high returns but considering the fact that it offers you returns with stability, you can be sure that you would be able to enhance the returns of your portfolio with the help of this cryptocurrency. Moreover, it is a good idea to invest in a cryptocurrency which is among the top 20 with marketcap.
NEM (XEM) Partners With VNX Exchange
NEM (XEM) is one of the leading blockchain application platforms in the world. The blockchain project recently secured a strategic partnership with VNX Exchange. VNX exchange is eh trading platform and marketplace for tokenized venture capital assets in the world. With this partnership, both entities plan to revolutionize the creation of security tokens on the blockchain.
NEM (XEM) and VNX Exchange want to develop standards and protocols for operating security tokens on the blockchain of NEM (XEM). They want to set a standard that will remain strong all through the entire life cycle of the blockchain.
The trading platform will lower financial roadblocks and unlock venture capital as a class of asset for a more global and extensive investor base. This will also increase the token holders of NEM (XEM).
Alexander Tkachenko is the founder and CEO of VNX Exchange. In a blog post, the CEO said: “VNX Exchange’s partnership with NEM (XEM) as well as the opportunities it offers to the global ecosystem of security tokens are extremely encouraging.”
The CEO further added that he believes that the future of capital markets are tokenized assets. He also said that blockchain technology introduces incredible opportunities to enhance how the financial markets operate, especially the privacy-focused ones.
NEM (XEM) and VNX Exchange are aimed at creating a liquidity program to attract venture capital funds to startups based on the ecosystem of NEM (XEM). Venture capital funds will be able to partake in initial security token offerings on the platform of the exchange. This will significantly increase liquidity. One of the digital currencies to be offered on the trading platform of VNX is NEM (XEM).
Kristof Van de Reck’s Remark
Kristof Van de Reck is the temporary President of the NEM (XEM) Foundation. Mr. Reck said he is very excited about projects such as VNX. He said VNX exchange is closing the gap between the digital currency economy and the mainstream financial industry. The firm is aimed at bringing the digital currency economy closer to the mainstream financial industry.
He also said that this partnership has given the Foundation the opportunity to learn more about regulatory compliance related to their technology. He added that the partnership will help them to make sure that NEM (XEM) is always at the tip of the spear when it comes to security token offering. The interim president of the foundation also said that they aim to grow the ecosystem of NEM (XEM) by leveraging the platform of VNX.
Some Details About NEM (XEM)
The blockchain of NEM (XEM) is coded and developed from scratch for speed and scalability. It is a private, permissioned blockchain that offers industry-leading transaction fees for cross-border ledgers. Also, the consensus mechanism of the blockchain project ensures that the public, open blockchain of NEM (XEM) can grow without compromising stability and throughput.