As of now, stock investors are trading NEM (XEM) at $1.42 per coin. This means that NEM (XEM) grew by 6% in the past 24 hours. The altcoin’s market capitalization is valued at $12.73 billion and this puts it on the seventh spot in the cryptocurrency market. The altcoin that’s sitting on the sixth spot is none other than Satoshi Lite’s Litecoin (LTC) that has a market capitalization which is worth at $12.98 billion. However, a small price increase and NEM (XEM) will soon overtake Litecoin (LTC).
NEM (XEM) to Surpass Litecoin (LTC)
Even though NEM (XEM) might knock Litecoin (LTC) down, Litecoin (LTC) will still have the upper hand. The reason we are saying this is because Litecoin (LTC) is featured on Coinbase which is the largest crypto exchange platform. There are only four altcoins available on Coinbase, and Litecoin (LTC) is a proud member.
The biggest difference between NEM (XEM) and Litecoin (LTC) is that they use different technology. For example, NEM (XEM) is closer to Ethereum, while Litecoin (LTC) is more similar to Bitcoin. Although, this also gives NEM (XEM) an edge because its protocol is quite impressive.
NEM (XEM) Blockchain Support
Just like Ethereum, NEM (XEM) offers a blockchain which supports numerous applications which can be built directly on top of it. Moreover, this blockchain is called a “Smart Asset System”. We should also mention that there’s still a big difference between NEM (XEM) and Ethereum. The difference is that NEM (XEM)’s blockchain system uses a mixture of decentralization and centralization.
Another important thing that this special blockchain system does is that it makes it easier for companies to integrate their own systems into the mix. This is surely going to attract some big investments from huge corporations that make their profits through stock.