NEM Market Cap Up 250%, $2.5 bln in 7 days – Bitcoints

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Published on May 19th, 2017 | by bitcoin

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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.

Source: Cointelegraph.com

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