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Because it will eventually fall below other alt-coins and the main reason for that is lack of improvement within its technology. Sure, a lot of people took the source-code, tweaked it and even made it better in some ways.
But at the end of the day, for a coin to take the 1st place as the leading coin in the cryptocurrency world, it has to do more than just being a Bitcoin on steroids. It has to be that, and…more! You see, when it comes to staying competitive, whether we are talking about a business or a product, unless it brings something new in the game, it will eventually fall behind other products which did exactly that.
Bitcoin appeared as a solution to a high demand. Sure, other alt-coins appeared along the way, with better features but none of them got the notoriety of Bitcoin, because we, as people, are creatures of habit.
We hate change right? Well, this is where NEM comes-into play. An entire financial ecosystem is being developed around it look at DimCoin, Comsa,Bankera and more to come.
On the short-run, o course, weaker alt-coins might get better market cap, but it will not be sustainable unless the product delivers. Investors will notice that and will switch to XEM. It indirectly leads to a huge price increase which…we all love it, right?
Bankera the first dedicated bank for cryptocurency which will be launched soon, developed by Spectrocoin, a well established Bitcoin exchange and not only and will allow buying BNK tokens with XEM during ICO sale maybe even during pre-ICO, they are working on that. DimCoin serves as a platform to punch the world of stockmarket between the eyes by eliminating the abusive fees of brokers, and provide the same services and more, at way cheaper costs.
It allows investors to trade stocks, fiat, crypto at insignificant costs compared to traditional online brokers. It will be the second digital coin to have that aside from Bitcoin. What does that mean? Uquid , a digital bank in Gibraltar offering financial solutions for alt-coins, announced the launch of a dedicated NEM debit card.
NEM blockchain, passed all the security benchmarks almost flawlessly, surpassing competitors like Ripple and other similar altcoins , which serves as a brick and mortar evidence that the NEM blockchain is about to become the best around in terms of security and utility. The NEM team is a perfectionist one. The NEM blockchain is so adaptable, that people without much coding knowledge to none, can build their own token using Mosaics, can build applications including games.
The XEM market cap almost doubles-up every year! Just take a look at the historical charts on the online platforms to see it for yourself. Honestly, I think from this year on, the growth will be a lot faster than before due to the amazing projects NEM foundation has on the roll. So, the million dollar question is: Yes, when I started this article, I said hat when people buy a digital coin, they actually buy trust, and we all know how trust works, it needs to be gained.
How will that happen? Bitcoin techchnology is slowly becoming outdated while NEM is the better technology here. Its popularity will only increase due to its achievements, utility and features it provides. Serious investors, financial institutions and not only, will realise that and the rest of the crowd will follow the trend the price increase. But with that achievement, also comes Bitcoin losing its crown to NEM. NEM is lacking the popularity it deserves because the development team and the CEO chose to do so until they deliver the perfect product.
I think Bitcoin is a remarkable coin but its years as the king of digital coins are counted as better technologies are rising due to the growing interest of the crowd in blockchain technology. XEM is by far the best competitor out there with the best chances to steal the crown from Bitcoin in the next couple of years.
Youtube promoting is great and if you have the time to do that, go for it, it has more impact than any post me or you will ever do on forums. No need to rush-up, think of options. Cheers my friend, looking forward for your reply. Just look at it. The reason I find it funny is because this is the first time we share opinions on price prediction.
XEM price prediction up to august final. If NEM had 1billion market cap or less, check the history charts on online listing platforms last year, and now is 2. If it goes by that, it will surpass Bitcoin which will anyway go down due to the fact that its technology is outdated.
NEM already does all that. You know, you make a good point there. Iota is just a bonner that will deflate slowly. Investors are getting excited as long as the product has continuation. Every PR strategy is ment to build-up momentum. Value brings reward not overnight but over-year.
And I know my bets are bullet-proof and next summer we will all look at X revenue. Be smart, pe patient. And you mentioned that it takes time for great projects to get traction…well…let me ask you this questions: Will it happen tomorrow…no, probably in months from now.
Should we get exctited, invest and sit on our eggs? In fact, I bet it gets there by next winter! Well, I suggest you put your seat-belt on because it will sure be a hell of a ride!
Will not sell a single XEM until or NEM will surpass Bitcoin eventually, and here's why and when! It all started with Bitcoin in when Satoshi Nakamoto released it as an open-source project.