Do we think this price action is:
1) A longer-term PnD
2) The start of a big (Ethereum-like) rally with NEM being a promising innovation that offers real value over BitCoin?
If we think 2) then where do we think NEM will be in a year?
1) A longer-term PnD
2) The start of a big (Ethereum-like) rally with NEM being a promising innovation that offers real value over BitCoin?
If we think 2) then where do we think NEM will be in a year?
Not sure about the latter, but the former statement has already been proven true. xem has been a pump and dump joke, well at least it has gotten some volume since the last time I touched it. I'd say the fate of niche altcoin markets depends largely on bitcoin performance. Alts are gaining against fiat which is reflective in huger cap, while lagging behind bitcoin, so it's alright to expect prices to skyrocket if btc keeps moving up and reaches lets say 3.5K usd / bitcoin.
There certainly was a pnd in the past, but this recent rally has been relatively slow/sustained. There do also seem to be a number of positive fundamentals as to why it's rallying-increased adoption in the real world, etc etc. You don't think that NEM has a real fundamental story as opposed to the rest of these mostly garbage coins?
Why do you say it's a pnd now?
See what I did there? 
