A sense of pride for those who bet on the return of the NEM currency and its ability to overcome the crisis that broke out after the theft of 530 million dollars in Japan earlier this year.
And a sense of remorse for those who sold this currency or were reluctant to buy it when it fell from $ 1.61 to $ 0.34.
I bet on this return and I think I am right. The security authorities and platforms in Japan have cooperated to recover the loot from this currency and succeeded in tracking it finally.
This week, Coincheck began working to compensate those affected by the theft, which restored the confidence that shaken among traders and digital trading platforms.

The rocket surge since Monday is continuing

The NEM currency fell from $ 1.6 to $ 0.32 on the back of the scandal that shook the digital currency market in Japan and the world.

But since the authorities that oversee the tracking of digital currencies and the search for the thief and work to recover stolen that it has made significant progress and that the platform of the Cincheck and remained platforms that have been transferred stolen units to be very cooperative, the fears fell and it became clear to those who wish to exploit the current crisis that they have to buy more Of units of this digital currency.

Now the currency has returned to $ 0.50 and can reach at least $ 0.80 in the coming period, and may fall back to $ 0.40 before starting again, especially as there is a negative situation in the digital currency market in general.

Since Sunday, digital currencies have returned to lose their market value, led by Betcoin, which is sometimes rising, and the indicators are often red, the situation that has dominated the sector since the beginning of this year.

Return to the top 10 digital currencies in the world

The crisis that hit the NEM made it fall from seventh place in the largest digital currency to at least the 14th position.
Today it is back to the ninth position as it approaches Stellar Lumens and as the market value of a number of these currencies approaches, its position may change upwards or down again.
NEM will strengthen its position in the coming period, especially since it has already reached seventh place with a value of 11 billion US dollars, a value comparable to the value of the company, which currently controls the fifth place with a market value of 9.69 billion dollars.
The market value of this currency fell from $ 11 billion in early January to $ 4.6 billion at the moment

The NEM currency has a bright future and I still bet on it

The recent crisis was not convincing for me to sell this digital currency and get out of the market as many did. After the theft in Japan, which affected 260,000 traders there, many were quick to sell their digital currency and some even said it was the beginning of the end for them .
But the organization behind this open-source currency took the case of stealing so much of its currency and cooperated with the Coincheck platform and security destinations and gave them everything that could help them find the stolen and also identify the thief to punish him.
As I had previously predicted that this currency would go beyond its crisis and return to the upside, I expect that in the coming period it will return to its previous levels.
All that this currency needs is for the digital currency to go beyond its crisis since the beginning of this year, and the state of billions of dollars in the market to return to levels never before reached.