Anyone knows why NEM has such a low trading volume compared to other top20 crypto projects ?
Price seems kinda not really true/supported at these volumes ?!?
Well I wondered that for a while also, but I found that its more than likely due to low sell pressure, and sellers are not willing to drop their price.
I agree about the low sell pressure and unwillingness to drop prices. Nem is moving a little slowly, but working towards very big ambitions. It's a long term hold in my opinion, and I think this is reflected in the market. Not much reason to buy right now, not much reason to sell, so the price is fairly stable.
The value is in a number of things:
- initial distribution
- non POW algorythm
- innovative approach to public-private blockchain 'partnership' via Mijin
The latter is the biggest appeal for me, because it gives business the capacity to run their own private blockchains, but also the ability to transact across a public blockchain. The notion of bigger businesses using a public blockchain to transact / track assets is flat out silly, but giving a private solution with the OPTION of public ledger integration is a genuinely brilliant approach, and it really opens the door for a lot of blockchain innovation that's been long promised, but in part constrained by the public/private blockchain disconnect - it's always been one or the other. Nem not only brings a ground-up approach to HOW the blockchain works (much more energy efficient AND trust based), but also brings an innovative set of value propositions for real businesses.. But that's just my 2 cents / why I'm holding.
