- News and analysis
- NEM is Likely to Go Down
NEM is Likely to Go Down
NEM is a surprise coin, as it prices are regularly moving up and down by 10-15% in either direction without any tangible reasons. There were few such stories in 2023 already. Crypto enthusiasts suspect coin prices could be manipulated in a “pump and dump” style. Together with low activity in the network this scares investors. This story may repeat itself after a 33% dive of NEM prices in August, when prices slipped to $0.0195, and rebounded to $0.0250. Now there are seen in uncertainty despite overall optimism in the market. This could be an ideal situation for another “pump and dump”. So, if prices would go up towards $0.0300 you should be very cautious to participate in this upside. I would rather believe prices would continue to dive given a downward trend.
The comments, insights, and reviews posted in this section are solely the opinions and perspectives of authors and do not represent the views or endorsements of RHC Investments or its administrators, except if explicitly indicated. RHC Investments provides a platform for users to share their thoughts on financial market news, investing strategies, and related topics. However, we do not guarantee the accuracy, completeness, or reliability of any user-generated content.
Investment Risks and Advice:
Please be aware that all investment decisions involve risks, and the information shared on metadoro.com should not be considered as financial advice. Always conduct thorough research, seek professional advice, and exercise caution when making investment decisions.
Moderation and Monitoring:
While we strive to maintain a respectful and informative environment, we cannot endorse or verify the accuracy of all user-generated content. We reserve the right to moderate, edit, or remove any comments or posts that violate our community guidelines, infringe on intellectual property rights, or contain harmful content.
By submitting content to metadoro.com, users grant RHC Investments a non-exclusive, royalty-free license to use, display, and distribute the content. Users are responsible for ensuring they have the necessary rights to share the content they post.
To maintain a positive and respectful community, users are expected to adhere to the community guidelines of Metadoro. Any content that is misleading, offensive, or violates applicable laws and regulations will be subject to moderation or removal.
Changes to Disclaimer:
We reserve the right to update, modify, or amend this disclaimer at any time. Users are encouraged to review this disclaimer periodically to stay informed about any changes.