RATE Group | After Sinking 97%, This Altcoin Just Woke Up with a 23% Surge
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After Sinking 97%, This Altcoin Just Woke Up with a 23% Surge

01 Feb After Sinking 97%, This Altcoin Just Woke Up with a 23% Surge

Posted at 22:45h in Cryptocurrency News by

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  • NEM (XEM) gains 23% in overnight surge.
  • The Altcoin was previously down 97% since the market peak of January 2018.
  • XEM coin now up 71% since December, but can we bank on this being a new alt-season?

The 29th ranked cryptocurrency NEM (XEM) clawed back almost one-quarter of its value leading into Saturday morning.

The altcoin had previously lost 97.7% of its value in a two-year decline that stretches back to January 2018. This past December, the XEM coin sunk to its lowest value in over 2.5 years.

But on Saturday NEM mounted a resurgence which recovered 23.8% of its value. That saw the coin price rise from $0.041038 up to $0.050845, with the peak arriving at around 6AM (UTC).

NEM (XEM) gained 23% leading into Saturday. The altcoin has now gained 71% since December | Source: CoinMarketCap

That leaves NEM up 32% for the week and just over 64% for the month. NEM’s quiet recovery has attracted little fanfare, yet the coin price is now up 71% since its December…

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