Nem (XEM) Price Surges 30% in a Week

Nem (XEM) Price Surges 30% in a Week
  • Nem (XEM) price has skyrocketed to over 30% in a week.
  • The Government of Colombia has opened a space to work with Symbol.

Nem (XEM) price has skyrocketed to over 30% in a week. Moreover, the NEM price is at $0.12 on July 10, 2021, then the price gradually increased to $0.16 in the last 7 days. 

XEM Price Chart (Source: CoinMarketCap)

NEM (New Economy Movement) is a crypto and blockchain ecosystem which enables solutions for businesses and individuals. More so, the XEM is the native token of NEM’s NIS1 public blockchain.

According to CoinMarketCap, the XEM price is at $0.1615 with a 24-hour trading volume of $555,047,325, at the time of writing.

Reason for Price Surge

The price increase of XEM came after,  Pedro E. Gutierrez Q, the Government of Colombia has opened a space to work with Symbol for its public entities through Ministerio_TIC  carried by Peersyst Technology.

Furthermore, in March 2021, the NEM project launched the NEM Symbol public blockchain. Before NEM Symbol launched, XEM holders had the opportunity to opt-in to enable an XYM balance equal to that of their XEM balance at the time of Snapshot. However, it’s not too late to opt-in and participate.

XEM has a bright future ahead of it in 2021. With the ongoing developments happening within the XEM ecosystem, as well as in the overall crypto market, we may see XEM reach new heights.

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Cryptocurrency and blockchain tech interest has enticed Carolyna to write for NewsCrypto. She made her personal mission to help non-crypto geeks to understand the technology with ease.