Will NEM be a Good Investment in 2019?

By Sumedha Bose

NEM as an investment has suprisingly proved to be a profitable one this year.

But the question is, will NEM be a better investment in 2019? We’ll find out.

If you take a keen interest in the crypto market, you must have already started planning out your investments for 2019.

Although the entire market has witnessed a massive slump towards the end of the year, NEM has seen gains from time to time.

So let’s see if it has the potential to be included in your investment plans for the year ahead.

You May Also Read: Best Altcoins To Invest In 2019

NEM As An Investment: Worth Your Money?

NEM is currently at number 16 on the cryptocurency ranking list and is trading at $0.063832
USD.

It has a Market Capitalization of $574,903,475 at the moment.

It witnessed its all time high back in January, trading at $1.87 USD. Since then it has dropped approximately by 96.6% in the year alone.

Source: Coinmarketcap

A downward slump in the market has been the fate of most of the cryptocurrencies, which is why NEM’s tragic downfall does not standout.

Before deciding if the crypocurrency is actually worth investing in, let’s take a look at what it offers in terms of an asset.

You May Also Read: Cons and Pros of NEM

Should You Invest In NEM?

To be perfectly candid, NEM has an edge over few of the other cryptocurrencies.

Since it has its own blockchain to offer, it has been considered a valuable asset in the industry.

It has proven to be a solid use case in the FinTech sector, seeing that most banks have made use of the cryptocurrency to NEM blockchain to facilitate their internal operations

NEM has a very secure mining model that ensures it is not vulnerable to any hacks or security threats.

It uses the Proof of Importance Consensus Algorithm which is different than the Proof of Work or Proof of Stake Algorithm.

You May Also Read: Crypto Market Update: NEM On The Rise

Price Prediction for NEM In 2019

Currently it is being pedicted that due to NEM;s multiple use cases and demand in the market for its blockchain, it has a solid future.

Many investors currently have their eyes on this cryptocurrency because they believe that its prices will rise in the new year.

The added security that NEM offers is bound to add to its market price and push it up higher.

Experts believe that it will be among the top 5 cryptocurrencies to invest in, in 2019.

So we would advise you to be careful and use your own discretion when investing in the cryptocurrency, but yes, it is definitely worth your money.

Make the most of the year ahead and plan your investments in advance.

Here are a Few Articles for you to Read Next:

• Cardano, Bytecoin, Nem Hit. Steem & Syscoin Trade High
• 5 Cryptocurrencies That Could Become The Next Bitcoin 
• Best Altcoins To Invest In 2019