Not to trying to bash NEM at all, but I saw on Reddit that Ethereum Raiden will be able to process 1,000,000 tx/s??
Is this going to make NEM obsolete? Or is the security of NEM its main selling point?
"NEM is Ethereum on steroids!
If Ethereum will reach 20 billion dollar market cap, NEM could reach 50 cents per XEM or 4,5 billion dollars in market cap.
I see an analogy between gold-silver and Ethereum-NEM. Both paired assets have very similar properties, but nevertheless are priced very differently. Ethereum is now significantly more expensive than NEM, just as gold is more expensive than silver. Gold is more popular than silver, as Ethereum is more popular than NEM. But if these assets gold-silver and Ethereum-Nem to increase in price, the lower valued assets will increase relatively more than the higher valued assets. In other words, if gold will increase a 100 percent in value, silver could increase 300 percent in value. And if Ethereum to increase a 100 percent value to 10 billion dollars in market cap, NEM could easily increase 300 percent to 1,1 billion in market cap. Making the price of NEM 12 cents. I think NEM should be aiming much and much higher than 12 cents as NEM and Ethereum both will play an important role in the future economy. I would not be surprised if NEM will reach 1 dollar per XEM in the near future because of these reasons.
1) NEM offers enormous value for our future ‘new’ economy. It utilizes the blockchain to cut off intermediaries and middle-man, making our interactions and contract trustless, and so making our societies more effective.
2) Even though with NEM you can’t create all the apps like Ethereum can, it can still create a huge diversity of apps. NEM’s API is more developers friendly, and easier to develop on than Ethereum. Certain Dapps could be more easily created on NEM than on Ethereum as the developers were very considerate when choosing the code for NEM. According to NEM’s core developer, NEM is 10x better than Bitcoin. But it is difficult to say NEM is 10x better than Ethereum as they are somewhat different. But nevertheless, overall he still thinks NEM is better than Ethereum.
3) NEM is created to be a currency. Ethereum is created to be used as gass for its dapps. NEM has the potential to become widely adopted very soon.
4) NEM is made to be scalable. Unlike Ethereum and Bitcoin.
So, when again considering these three traits of NEM, I think if everything will go right, NEM should even outperform Ethereum. With caution, I would speculate that NEM could even become the first currency to reach a 100 billion dollar market cap.
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