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The XEM asset has been sliding sharply despite positive longer-term expectations.
XEM slid to $0.40, not so distant from the current conventional scope of $0.22, where the benefit remained for a considerable length of time.
It seems XEM has not shaken off the Coincheck heist. These days, the Japanese exchange is offering withdrawals at $0.80 cents per XEM coin. At first, investors were skeptical about the cash payout, but after the recent drop in prices, the effect may, in fact, be positive.
Coincheck resumes withdrawals in JPY while cryptocurreny withdrawals are still on hold until further notice.https://t.co/QL2ZoCJcmw pic.twitter.com/3CELCS0t7L— NEM (@NEMofficial) March 1, 2018
However, withdrawals of crypto coins have been incapacitated from the trade, adding to a feeling of unease with financial specialists. Right now, just ZAIF is the most dynamic market for XEM, yet even there, 24-hour volumes have tumbled to around $4 million. Add up to XEM volumes have dwindled to $19 million out of 24 hours.
On the positive side, the ATUM venture has picked the NEM to organize for its blockchain-based arrangement:
ATUM has chosen NEM blockchain to power up their platform due to its tech advancement, scalability and availability of oracles!pic.twitter.com/2ruU9d5ME4 pic.twitter.com/Qe5QFzVzFg— NEM (@NEMofficial) March 2, 2018
ATUM is a bio-engineering company aiming to bring decentralized technology to DNA research, providing a real-life use case for the NEM network. Despite the recent bout of bad publicity related to the Venezuelan Petro crypto asset, NEM continues to seek partnerships with business and government organizations, aiming to provide a suitable technological standard for large-scale, crucial computing and record-keeping. View image on Twitter
JUST IN: NEM Foundation Director of Partnerships for Hongkong and Australia, Ricardo Medrano, presenting to Paul Russell and Kyleigh Hickling, Queensland Executive Directors of Department of Innovation Tourism and Industry Development. pic.twitter.com/hIvtkcVHcC— NEM (@NEMofficial) March 2, 2018
At the moment, there is still confused whether the Petro would launch as a NEM-based asset, or revert to the Ethereum network.Source Link