EVERYONE has heard of Bitcoin, even if they don’t understand how it works. COOL people have heard of Ethereum. Fintechnos-in-the-know understand Ripple.
But what about NEM?
NEM is a top 10 cryptocurrency by market cap, but receives relatively little attention in news dominated by the “Big 3.”
This makes sense, of course, when we consider the following data (as of June 18th, 2017):
Crypto Name: Market Cap (USD)
Bitcoin: $42,322,544,191
Ethereum: $35,010,176,812
Ripple: $10,236,138,243
Litecoin: $2,230,736,584
Ethereum Classic: $2,104,447,627
NEM: $1,787,148,000
As you can see, NEM has a market cap that pales in comparison to the majors. That doesn’t mean NEM is valueless, though. Just like in the Forex markets, different cryptocurrencies have different values that fluctuate against each other based on macroeconomics and technical (or in this case, technological) events.
But what is NEM’s value? The cryptos that lead the pack by market cap are special in some way… unique with clear uses cases. Is NEM just a copycat coin, or is it built to last?
https://briandcolwell.com/2017/06/nem-the-biggest-cryptocurrency-you-havent-heard-of/.html
