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.
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