NEM Price at $0.170 after 7.6% Gains – How to Buy NEM

The crypto market has shown great signs of recovery this week. Bitcoin is currently trading at $51,000, which is having a positive effect on the rest of the market. Altcoins are following this uptrend. One of the popular altcoins that is mimicking bitcoin and pushing to new highs is NEM.

NEM is trading at $0.170 at the time of writing after a 7.6% gain in 24 hours.

NEM Price Analysis

NEM has managed to rise from $0.15 over the past 24 hours to reach the current levels of $0.17. The coin is currently holding on to these levels as the rest of the broader market is on an upward price movement.

With support from the market, we could see NEM heading towards the upper resistance of $0.18. NEM has tried to make such a rise in the past 24 hours, but it has been slightly rejected. However, if buyers jump in to buy because of the overall market bulls, we could see new monthly highs being created.

On the downside, the bull market could fail at any time, going by price actions over the past two months. In this case, NEM will drop towards the lower support levels of $0.15. Looking at NEM’s price action, the price gains started at the beginning of the month when the market started making bullish gains.

The NEM blockchain is among the blockchains in the sector that strive to solve the issues faced by other blockchain networks. The blockchain uses the concepts of proof-of-importance (POI) and harvesting. This is different from the other blockchain networks that use proof-of-work and proof-of-stake mechanisms. This uniqueness gives the blockchain an edge over the rest in the market.

Where to Buy NEM

If you want to buy NEM during the current bulls, you can create an exchange account on the below platforms:

• eToro

eToro is a leading social copy trading platform wherein a new trader can copy the trading strategies used by expert traders. eToro charges competitive trading fees and commissions and has a user-friendly interface that makes it easy for traders to use the platform.

• KuCoin

You can also buy NEM from KuCoin. Like eToro, KuCoin also allows copy trading. it also supports a growing portfolio of cryptocurrencies and trading pairs, making it an ideal exchange for both new and expert traders.

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Read more:

• How to buy bitcoin
• How to buy cryptocurrency