It seems things will not be all that positive for most cryptocurrency markets spil of right now. All of the major markets are still down by fairly a margin, even however some of them suffer even fatter losses than the surplus. One of the fattest “dippers” ter the top 15 is none other than NEM. This altcoin seemingly proceeds to fight everzwijn since the Coincheck hack and theft.
NEM Price Woes are not Overheen Just yet
It has not bot a excellent begin of 2018 for the NEM price so far. Te fact, it has bot finta problematic for this particular altcoin, and it seems things will not necessarily improve te the near future either. Everzwijn since the fresh year began, the NEM price has lost overheen 75% of its value te quick succession. While that is not necessarily surprising given the overall market sentiment, one has to acknowledge things could have gone differently spil well.
Spil of right now, the NEM price is stuck at $0.43 and future losses are on the horizon spil of right now. With all cryptocurrency markets losing at least 7.5% te value overheen the past 24 hours, it is only corriente the NEM price goes after this downward trend. Unluckily, that also means this attacking suffers from a major 13.13% setback te the past 24 hours, and that situation will not improve anytime soon either.
NEM isn’t losing value just because the Bitcoin price is tanking right now either. More specifically, the NEM price also lost 6.01% ter value due to the NEM/BTC ratio decreasing. If altcoins do not succeed te getting up their value overheen Bitcoin when the world’s leading cryptocurrency is losing value, it is only frecuente things will take a turn for the worse ter quick succession. For now, it seems the NEM price will pauze through any support at $0.40 ter quick succession, albeit things can always turn out differently.
With $31.38m ter 24-hour trading volume \ for NEM, it has become overduidelijk this altcoin is not te high request spil of right now. This volume is a loterijlot lower compared to what most people might expect, but since NEM is mainly big ter Japan, the latest Zaif incident may have spooked the markets a bit merienda again. Add to that the latest Coincheck hack, and it is overduidelijk things are looking rather shaky right now.
Speaking of the NEM trading volume, Upbit is the largest exchange spil of right now with $8.09m te volume. Zaif is 2nd on the list with $7.31m, followed by Bittrex’s $Three.766m. None of thesis numbers is exactly astounding, yet there are still two fiat currency pairs ter the top three spil of right now. Spil long spil fresh money keeps pouring ter at whatever rate possible, things may look good for NEM te the long run. This current setback is to be expected, after all, but there is still more blood to be shed.
For the time being, it seems demonstrable all cryptocurrency markets will proceed to face big setbacks te the hours to come. Until everything recovers, the NEM price will proceed to take a striking spil well. It is very likely this altcoin will druppel below a value of $0.Four te the coming hours, yet anything is possible te the world of cryptocurrency. With the weekend almost upon, it is possible wij will see some major dips across all markets for the next three to four days.