Published on May 19th, 2017 | by bitcoin0
NEM Market Cap Up 250%, $2.5 bln in 7 days
NEM’s market cap has passed $2 bln as the altcoin’s exponential growth spurt continues to surprise.
Already at $2.4 bln as of press time Friday, NEM’s XEM token has seen such rapid increases in value that it is now the third-largest altcoin.
Congratulations to NEM for achieving number 4 in https://t.co/hnkyxosvuD and with 2 Billion Dollar marketcap!
#blockchain #nem #catapult pic.twitter.com/tZKRkM0VD2
— NEM (@NEMofficial) May 19, 2017
By way of comparison, XEM’s market cap last week was just over $1 bln, while on April 19 it stood at $300 mln.
Its own rise, which saw it overtake Ethereum by market cap earlier this week, has been tempered by widespread criticism from cryptocurrency commentators regarding its lack of decentralization.