NEM Defies Mini-Correction Gains 55%
NEM has been defying the mini-correction mood in the crypto space this week with over 55 percent gain over the past week making it the best performing digital asset in the top 100 coins.
According to reports, NEM jumped about 50 percent in less than six hours last thursday reaching a peak of $0.108 the highest level since November of last year.
The latest surge enabled it to enter the top 20 rankings by market capitalization according to coinmarkercap.com and is trading at the time of this writing at $0.087 with market cap of $791 million.
There are several reason behind the recent surge one of the most notable one is its partnership with Zeux, a fintech firm that operates a digital payment wallet app that allow users to pay merchants through Apple Pay and Samsung Pay.
Aside from this partnership the price of NEM benefitted from the gradual launch of its version 2.0 blockchain engine dubbed as Catapult and the update of its website which is widely seen as proof that NEM foundation is active in development.