NEM (XEM) Price Prediction

Deep Dive

1. Exchange Exodus Accelerates (Bearish Impact)

Overview:
XEM lost access to Binance (June 2024), EXMO (July 2025), and Dex-Trade since 2023. These delistings followed low trading volumes (<$3.5M daily) and compliance concerns.

What this means:
Each exit shrinks XEM’s market depth – turnover ratio (0.196) already signals illiquidity. Remaining exchanges like Bitrue account for 70% of volume (Upbit report), creating centralization risks. Without tier-1 relistings, price discovery weakens.

2. Ghost Chain Reality Sets In (Bearish Impact)

Overview:
Analysts label XEM a “ghost chain” with minimal on-chain activity (Cointelegraph). Developer commits stalled post-2021 Symbol launch, and forums show inactive communities.

What this means:
The narrative becomes self-fulfilling – traders avoid assets tagged as abandoned. XEM’s 90%+ price drop since 2021 aligns with this perception. Revival requires visible ecosystem growth (dApps, partnerships), but no such catalysts appear imminent.

3. Japan’s Crypto Tax Revamp (Mixed Impact)

Overview:
Japan’s 2026 tax reforms let investors offset crypto losses for 3 years. XEM once had strong Japanese adoption (Zaif exchange, 2017-2019), but current JPY trading pairs show minimal activity.

What this means:
Long-term holders might retain XEM positions for tax strategies rather than conviction. However, the reform primarily benefits BTC/ETH traders. For XEM, this could marginally reduce sell pressure but unlikely spark demand.

Conclusion

XEM’s trajectory hinges on reversing its ghost chain status – a steep climb without developer revival or exchange rehabilitation. While oversold technicals (RSI 29.66) hint at dead-cat bounces, the -55% 90D drop reflects structural decay.

Can Symbol’s blockchain regain developer mindshare, or is XEM’s utility permanently eclipsed by modern L1s?