When it comes to alternatives to Bitcoin (BTC), NEM (XEM) is one of the best options for newbie cryptocurrency investors. Besides the fact that it consistently ranks as one the top ten highest-valued crypto-coins on the market from week to week, NEM (XEM) has been making some impressive gains lately that can’t be ignored.
At $0.976 on Thursday, December 21, this altcoin is worth about $8.8 billion in total. Just in the last 24-hour stretch, NEM (XEM) has ticked up by 7.2 percent. Over the last week, it’s risen by 65 percent. In the last thirty days, on the other hand, this crypto-coin is up by 384 percent.
Why has NEM (XEM) Been Rising? Will it Keep Making Gains?
Apart from being one of the most popular digital currencies in the Japanese market, XEM is already being used by a number of different financial institutions.
This week, it was announced that NEM.io – the company behind the peer-to-peer NEM blockchain network – has partnered up with Trezor, a cryptocurrency wallet provider. Now, Trezor is introducing new firmware and the integration into the NEM platform. Other big-name cryptocurrencies, like Ethereum (ETH) Bitcoin (BTC), and Zcash, have already been linked to Trezor – which was the very first bitcoin hardware wallet in existence.
Additionally, NEM is introducing firmware that enables unified login via Trezor credentials. On top of supplying support from XEM, Trezor will also give support for assets created atop the NEM.io blockchain network.
The author of this article holds no position in any of the companies mentioned above.