BTC is about to crash and burn which will take XEM to even lower lows. Lon Wong (the CEO) is a shithead who took XEM and blew it the fuck up with his senseless FUDing of exchanges with their tainting. We all get to suffer 2x now - normal market crash + his idiocy.
You're the same troll from reddit. Idk why you copy+paste your feelings everywhere.
The hack was the fault of Coincheck, the exchange that held XEM in an insecure wallet. NEM / Lon Wong didn't have to help track the stolen funds. This is
extra commitment on their/his part.
The "tainting" is a simple Mosaic that helps us track the funds. It's not a contagious disease.
If coinpayments.net CEO hadn't been allowing the hacker to launder the tainted funds through their system, it would have been much more difficult for the hacker to dump so much XEM in the markets.
But it is what it is. Consider it a redistribution of wealth. Now we just enjoy the low prices while we can, and continue to close in on the hacker.
There is a lot of great things going for NEM right now!
-Exchanges have reactivated XEM trading.
-New wallet with extra features released.
-Lot of events/meetups scheduled to bring attention to NEM.
-Nearly everyday one can learn of new projects planned to utilize NEM blockchain.
-Polls ongoing / NEM entering new markets.
-Catapult will be released soon.
-Charts show nice little waves now. Price holding steady above 3k sats.
-Japanese crypto markets starting to become more active again.
-Coincheck allowing JPY withdrawals for the stolen XEM, at more than double the current market price! (about 88 cents) Anyone with stolen XEM can now rebuy double the amount they had stolen.
I think it's all up from here. If you consider everything that has gone on and is taking place now, you'd realize that without a cataclysmic event, the situation really couldn't get much worse.
I forsee some serious money hitting the XEM market. Possibly doubling the price overnight. It is currently way undervalued.