NEM Payout Turned into Inadvertent Profit Taking for Traders with Coin

NEM Payout Turned into Inadvertent Profit Taking for Traders with Coincheck Losses

Traders that lost their NEM (XEM) coins in the Coincheck wallet hack may have their cake and eat it, too, as the payouts for losses began. The agreed price of $0.81 per XEM was lower than the market price at the time of the hack. But now that markets have slid, re-buying the digital asset and even having a profit is becoming a viable possibility. For now, the start of widespread compensations for the lost XEM may be protracted due to investigations – but the coin will probably not return to that price range in the near future.

Funds would most probably get returned in the new week, and XEM trading may resume soon, potentially boosting the price.

The NEM market price held up in the past day as the markets slid, hovering around $0.34. The price is still 14% down compared to last week, and seems set to continue the downward trend. Yet buying may return for this asset.

Meanwhile, the NEM team is making the rounds popularizing the platform for business solutions.

NEM is a unique asset in having most of its trading happening in pairs against fiat, on the UpBit Korean exchange, as well as on the Japanese Zaif market…

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