Hi if you guys read my earlier article on my top alt coins for September you would see NEM as the first coin I suggested and for good reason. In case you haven't read it, I highly recommend you check my blog. NEM is right now coming into a bullish trend.
If we look at the chart provided NEM hit it's initial spike somewhere in May of this year. Of course after this came a market correction. But what followed shortly after much like in Ethers case is a steady to bullish rise coming into September that has seen Nems price surpass original highs. The moves being made are that of a steady increase and not sharp volatility which allows for NEMs outlook to be fairly predictable in the upcoming month.
NEM is a strong buy at this point and I believe this bullish trend will continue through September.
If you enjoyed the information provided please follow, like, share, or comment. I'd love to hear feedback on this. Thanks for reading :)
I already have Nem but I'm thinking of getting more, my only concern is the large amount of Nem already circulating. Some say too many coins=no value!
Your right about too many coins affecting value but it's more so volatility that is effected. I think coins like Ripple and NEM both have great value despite large market cap. In investment we aren't looking at the price of a currency we want to figure out the possible percentage gain. Still keep in mind coins of large mkt capitalization will have less volatility in percentage change in the long run. Thanks for your comment smart decision investing in Nem 😉;)!!
Congratulations @cryptosensei! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOP