Breaking News
Investing Pro 0
🚨 Our Pro Data Reveals the True Winner of Earnings Season Access Data

NEM's XEM Awaiting Bullish Confirmation On Catapult Launch

By Kiana DanialCryptocurrencyMay 15, 2018 09:41AM ET
www.investing.com/analysis/nems-xem-awaiting-a-bullish-confirmation-on-catapult-launch-200316310
NEM's XEM Awaiting Bullish Confirmation On Catapult Launch
By Kiana Danial   |  May 15, 2018 09:41AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
 
XEM/USD
+4.40%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

NEM’s cryptocurrency token, XEM, has been one of the slower ones in top 20 to recover from the market crash we saw at the beginning of 2018. However, in the past three days, it has seen enough gains to break above the daily Ichimoku cloud.

The gains came as the company announced on Twitter that it has launched the catapult ecosystem on the public network. Mijin v.2, also known as Catapult, is a full-featured blockchain engine delivering a new version of the NEM protocol for both public and private networks for the enterprise. The company is also launching a self-service, on-demand developer lab that will enable companies and individuals to get started on Catapult quickly without having to manage their own infrastructure.

In other NEM news, it has reportedly become the first cryptocurrency to partner with PUNDI X, a company that has been on the forefront to channel the heavily fiat dominated retail store industry to the cryptocurrency movement.

With this, NEM is aiming to become the largest retail payment blockchain.

Back to technical analysis, if the positive fundamental news keeps the market bulls interested, we could see a confirmation above the daily Ichimoku cloud which could ultimately open doors for further gains towards key Fibonacci retracement levels at 0.65 and 0.93. XEM/USD is supported at 0.19.

*This article was originally published here

NEM's XEM Awaiting Bullish Confirmation On Catapult Launch
 

Related Articles

NEM's XEM Awaiting Bullish Confirmation On Catapult Launch

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email