InvestorsObserver gives NEM a strong short-term technical score of 89 from its analysis. The proprietary scoring system considers the coin's trading history over the past month to determine the strength of its short-term technicals. XEM has currently traded better than 89% of coins based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.
XEM has a average market cap compared to the majority of coins with a total market value of $395,693,464.38. The market valuation for NEM is relatively average due to the largest 100 cryptos having a market cap above $1 billion and XEM sits underneath that mark but remains above $100 million in market capilization. NEM's average volume is average as $61,298,008.64 worth of the coin is typically traded over a 24 hour period. The volume for XEM is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. Over the past 24 hours XEM's volume is below its average with $13,828,007.58 exchanged. NEM's subclass Digital Money: Digital Money is an asset, commodity, or currency intended to maintain value and liquidity over time so that it may be used the same way fiat currencies are used.
Is NEM (XEM) Heading the Right Direction Saturday?
InvestorsObserver is giving NEM a 89 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on NEM!