Following the major market-dip on March 18, when XEM/USD dropped to $0.2247, a speedy reverse in the crypto-trading ecosystem took place pulling the price back up to $0.2990 per time of writing. Despite that Bitcoin and many altcoins like EOS had recovered a lot against the US Dollar in the past two days with double digits daily, the only one staying in the green zone in the last 24-hours is NEM [XEM].
Recommended to stay on the look-out for the important $0.3000 level as bulls are fighting bears to clear the resistance and open gates for more gain despite the general decline in the market.
One of the top leading exchanges in the world – Chinese based Binance, has listed NEM – the 12th largest cryptocurrency by market capitalization [over $2.6 bil], as an opportunity to trade making a much waited move by the community and impacting the price proportionally.
The announcement by one of the highest-volume crypto trading platforms, has given end to the waiting of the community and NEM enthusiasts. The pair XEM/USD, meanwhile, it is not part of the top-ten leading cryptos but very close to striking distance, did feel a 11 percent push upwards per time of the declaration.
On Binance you should now be able to trade the token XEM in three pairs. In addition to the classic trade pair XEM / BTC and the meanwhile well-established XEM / ETH, the cryptocurrency can also be acquired with the pair XEM / BNB. The acronym BNB stands for the Binance Coin, the Exchange’s own cryptocurrency.