NEM (XEM) Defies Crypto Snooze as Week’s Biggest Gainer

The crypto market took a breather from its bull run this week, with Bitcoin slightly departing from its recent year-to-date peak. However, NEM has been defying this mini-correction mood to gain over 55 percent since Monday, according to Coinmarketcap data.

Thus, NEM, whose coin is trading under the ticker XEM, has been the best performer of the week among the top 100 coins. On Thursday, it jumped about 50 percent in less than six hours, hitting a daily peak at $0.108, which is the highest level since November 2018.

The surge allowed it to enter the top 20 league and currently stop on the 19th position. NEM is now trading at $0.087 at a market cap of $791 million as at 11:00 AM UTC.

Reference: https://www.ccn.com/up-55-nem-xem-defies-crypto-snooze-as-weeks-biggest-gainer

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Author: Neo Anderson

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