NEM’s market cap has passed $2 bln as the altcoin’s exponential growth spurt continues to surprise.
Already at $2.4 bln as of press time Friday, NEM’s XEM token has seen such rapid increases in value that it is now the third-largest altcoin.
Congratulations to NEM for achieving number 4 in https://t.co/hnkyxosvuD and with 2 Billion Dollar marketcap! #blockchain #nem #catapult pic.twitter.com/tZKRkM0VD2
By way of comparison, XEM’s market cap last week was just over $1 bln, while on April 19 it stood at $300 mln.
Price growth data from Coincap.io demonstrates the monumental rate of change for XEM, which has increased more sharply than even Ethereum and Dash, commonly considered to be the major success stories of 2017 on altcoin markets.
Motivation for NEM’s sudden reversal of fortunes is hard to ascertain. Publicity and community debate is focusing on the future introduction of Catapult, a permissioned Blockchain product touted by developers as unique on the market.
The 24 hours to Friday has seen broad success among altcoin assets meanwhile, only Ripple bucking the upward trend to lose 8.5 percent.
Its own rise, which saw it overtake Ethereum by market cap earlier this week, has been tempered by widespread criticism from cryptocurrency commentators regarding its lack of decentralization.
PlexCoin Founder Gets Jail Time, Fine on Contempt Charge
U.S. and Canadian authorities appear determined to make an example of a recent initial coin offering.
On Friday, a Canadian court ordered a two-month jail sentence against PlexCoin creator Dominic
'Bitcoin Jesus' is 'really, really concerned' about the future of the digital currency
An early bitcoin investor said Monday the digital currency can run higher, but the hype has far outpaced its usability. "I think in the short run it can run up a lot more," Roger Ver, CEO of
Bitcoin has aspects of a bubble, but it's OK to 'play' with it: Economist Robert Shiller
Bitcoin has "aspects of a bubble" but it's almost impossible to know whether it's gone too far, Nobel-winning economist Robert Shiller told CNBC on Monday. Bitcoin has been on a wild ride
Futures Launch Puts Record Bitcoin Highs Back in Play – Yahoo Finance
Digital currency bitcoin begins trading on major exchange for first time in Chicago WLS-TVBitcoin Futures Started So Hot That Trading Had to Be Halted Twice FortuneBusiness Insider Â âCNNMoney Â â
Understanding Futures: A Primer for Bitcoiners
Lanre Sarumi is the CEO of Level Trading Field, an interactive online platform for professionals in the finance industry.
"Study the past if you would define the future." – Confucius
Bitcoin Price Back Above $17k to Set New All-Time High
The price of bitcoin has pushed back above $17,000, hitting a new all-time high on CoinDesk's Bitcoin Price Index (BPI).
As of press time, the BPI had climbed as high as $17,382.64, beating the $17
People are taking out mortgages to buy bitcoin, says securities regulator
Bitcoin is in the "mania" phase, with some people even borrowing money to get in on the action, securities regulator Joseph Borg told CNBC on Monday. "We've seen mortgages being taken out to buy
Two Firms File Bitcoin ETF Applications in Wake of CBOE Futures Launch
Two exchange-traded fund (ETF) providers have filed with the U.S. Securities and Exchange Commission (SEC) to create Bitcoin ETF products that trade in cryptocurrency derivatives.
According to the