NEM (XEM) is most definitely inclined towards a bullish return in the past 24 hours as the crypto managed to collect over 15% of gains in what appears to be a single day bull run.
It is originally presumed that the latest success of NEM in the market is due to the fact that Coincheck, of one the Japanese top exchange markets, made all activities regarding NEM available on the exchange once again.
Back at the beginning of 2018 when all major currencies were heading towards marking all-time high prices, the mentioned exchange lost half million dollars to a hack attack in NEM currency.
This was a massive blow for NEM (XEM) but we can now see the currency returning at the grand entrance with acquiring momentum for the bull run in the midst of the dipping market and with its peers struggling to get a rebound.
Moreover, many NEM enthusiasts are wondering whether the currency stands as compatible with the digital asset framework as per the listing requirements of Coinbase exchange.
So, what is the price prediction for NEM in the following months and is NEM compliant with the Coinbase listing requirements.
Price Prediction for NEM (XEM): How Far is NEM Able to Go by the End of 2018?
NEM marked its all-time high back in January 2018 right around the time when the hack attack on Coincheck took place which resulted in losing half million dollars in NEM units through the exchange.
The Coincheck team and the team behind NEM were able to retrieve around 440 million dollars through hunting down wallet addresses to which the funds have been transferred, returning the funds to the victims of the attack.
Now that Coincheck fixed security issues regarding NEM, the currency is announced as available for live trading and purchasing.
Many consider that the latest case of Coincheck announcing the retrieval of NEM services to the exchange affected the recent rise of 15%.
However, despite the positive return in the midst of the declining market, NEM is still down by -47% in the course of the last year, going in the red on its YTD charts.
Moreover, NEM went down by over -93% since January, now being traded far from its all-time high of over 1$ per one XEM unit.
Still, having positive returns on weekly and monthly charts with rising up by 20% in the course of the last two months, NEM still has some chances of getting closer to its previous record price.
Based on its recent performance the most realistic goal for the 17th largest currency would be reaching the value of 0.50$ and potentially going beyond the initial price by the end of 2018 and the beginning of 2019.
Does NEM Stand a Chance for Getting a Coinbase Listing?
Based on the digital asset framework that all currencies need to go through in order to get listed on one of the biggest exchanges, Coinbase, NEM appears to be compliant with the proposed listing requests.
Now that Coinbase announced changes in their listing policy, stating that all currencies are now able to submit their listing proposals, NEM might stand a chance of getting a listing on one of the most popular exchanges in the market.
Coinbase had most recently listed two more tokens, adding 0x (ZRX) and Basic Attention Token (BAT) to their list of live trading currencies, which helped the tokens pick up some gains during the time of the listing.
However, although many NEM holders would probably want to see their favorite crypto listed on Coinbase, they would have to count on the case that the team behind the 17th largest crypto will submit their proposal to Coinbase.
Moreover, it has to be noted that it may take months between the consideration of adding a new currency to Coinbase and the actual and official listing, just like it was the case with the recently added ZRX and BAT that were announced back in mid-July as the tokens ”being considered for a listing.”
In case the team decides that it would be for the best of NEM (XEM) to have the currency listed, NEM might as well get a green light from Coinbase based on its technical features.