{"id":303026,"date":"2023-02-27T15:00:17","date_gmt":"2023-02-27T15:00:17","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=303026"},"modified":"2023-02-27T14:55:44","modified_gmt":"2023-02-27T14:55:44","slug":"nem-jumps-to-a-42-week-high-reasons-unknown","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/nem-jumps-to-a-42-week-high-reasons-unknown\/","title":{"rendered":"NEM jumps to a 42 week high \u2013 reasons unknown"},"content":{"rendered":"<p>NEM posted an 86% upswing on the daily candle to hit a price of $0.0772\u00a0 \u2014 a level not seen since May 2022.<\/p>\n<p>The 30-minute chart below shows buyers came in around noon GMT to send XEM significantly higher. 24-hour volume data currently comes in at <a href=\"https:\/\/cryptoslate.com\/coins\/nem\/\">$321.42 million<\/a> \u2014 marking an over <a href=\"https:\/\/coinmarketcap.com\/currencies\/nem\/\">3,000%<\/a> increase over the previous day.<\/p>\n<p>Bears have since stepped in, knocking the token's price back down to $0.0694. But the majority of the gains remain intact at press time.<\/p>\n<figure id=\"attachment_303047\" aria-describedby=\"caption-attachment-303047\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-303047 size-large\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/02\/XEMUSDT_2023-02-27_14-20-36-1024x465.png\" alt=\"NEM 30 minute chart\" width=\"1024\" height=\"465\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/02\/XEMUSDT_2023-02-27_14-20-36-1024x465.png 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/02\/XEMUSDT_2023-02-27_14-20-36-300x136.png 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/02\/XEMUSDT_2023-02-27_14-20-36-768x349.png 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/02\/XEMUSDT_2023-02-27_14-20-36.png 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption id=\"caption-attachment-303047\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.tradingview.com\/\">XEMUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n<p>Year-to-date (YTD) gains come in at 171%, equating to outperformance versus market leader Bitcoin \u2014 which has gained 43% since the start of the year.<\/p>\n<h2>What is happening with NEM?<\/h2>\n<p>No new fundamental developments have been noted. The company's Twitter account has not posted since Christmas Eve and prior to that previous posting on July 15, 2022. Incidentally, comments were switched off on the July 15th, 2022, post.<\/p>\n<p>Having achieved an all-time high of $1.87 in January 2018, NEM was \u2014 at that time \u2014 a significant project placing <a href=\"https:\/\/coinmarketcap.com\/historical\/20180121\/\">seventh<\/a> in the market cap rankings.<\/p>\n<p>However, the project has since faded into obscurity and currently places 82nd.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEM posted an 86% upswing on the daily candle to hit a price of $0.0772\u00a0 \u2014 a level not seen since May 2022. The 30-minute chart below shows buyers came in around noon GMT to send XEM significantly higher. 24-hour volume data currently comes in at $321.42 million \u2014 marking an over 3,000% increase over [&hellip;]<\/p>\n","protected":false},"author":460,"featured_media":303064,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[120],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NEM jumps to a 42 week high \u2013 reasons unknown<\/title>\n<meta name=\"description\" content=\"&quot;Dead coin&quot; NEM experiences a pump to $0.0772 off the back of spiking volume. No new fundamental developments were noted.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/nem-jumps-to-a-42-week-high-reasons-unknown\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NEM jumps to a 42 week high \u2013 reasons unknown\" \/>\n<meta property=\"og:description\" content=\"&quot;Dead coin&quot; NEM experiences a pump to $0.0772 off the back of spiking volume. No new fundamental developments were noted.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/nem-jumps-to-a-42-week-high-reasons-unknown\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-27T15:00:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-27T14:55:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/02\/nem-xem.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Samuel Wan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Samuel Wan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/nem-jumps-to-a-42-week-high-reasons-unknown\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/nem-jumps-to-a-42-week-high-reasons-unknown\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/samuel-wan\/#person\",\"name\":\"Samuel Wan\",\"url\":\"https:\/\/cryptoslate.com\/author\/samuel-wan\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/samuel-wan\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/samuel-wan\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/samuel-wan-author-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/samuel-wan-author-300x300.jpg\",\"caption\":\"Samuel Wan\"},\"jobTitle\":\"Analyst\",\"description\":\"Samuel Wan, a finance professional turned full-time crypto content creator, values individual autonomy and personal freedom in his pursuits.\",\"worksFor\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"sameAs\":[\"https:\/\/x.com\/WanSamuel\"]},\"headline\":\"NEM jumps to a 42 week high \u2013 reasons unknown\",\"datePublished\":\"2023-02-27T15:00:17+00:00\",\"dateModified\":\"2023-02-27T15:00:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/nem-jumps-to-a-42-week-high-reasons-unknown\/\"},\"wordCount\":193,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"articleSection\":[\"Analysis\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/cryptoslate.com\/nem-jumps-to-a-42-week-high-reasons-unknown\/#respond\"]}],\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptoslate.com\/nem-jumps-to-a-42-week-high-reasons-unknown\/\",\"url\":\"https:\/\/cryptoslate.com\/nem-jumps-to-a-42-week-high-reasons-unknown\/\",\"name\":\"NEM jumps to a 42 week high \u2013 reasons unknown\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/#website\"},\"datePublished\":\"2023-02-27T15:00:17+00:00\",\"dateModified\":\"2023-02-27T15:00:17+00:00\",\"description\":\"\\\"Dead coin\\\" NEM experiences a pump to $0.0772 off the back of spiking volume. 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