Malaysian Prime Minister visits NEM Booth - NEM News, Price Analysis. Thursday, August 30
NEM Cryptocurrency News
Malaysian Prime Minister visits NEM Booth
As a part of the expansion of NEM on Asian Market, with multiple cooperations and projects already taking place in countries like South Korea, where NEM will be running blockchain education programs and provide blockchain support for companies, they visited Business 4.0 and Cities 4.0 Conference. It took place in Royale Chulan Kuala Lumpur, Malaysia. The main focus of the event was to explore possibilities for the digitalization of businesses and the creation of smart cities. The event was officially opened by the oldest prime minister worldwide, Malaysian Prime Minister Dr. Mahathir bin Mohamad. He said that: "Digital transformation will allow Malaysia to focus on domestic direct investment by deploying emerging technology, innovative business model, increase productivity, support rural productivity, empower SMEs and younger generation"
NEM Southeast Asia Head, Stephen Chia was hosting the NEM showcase booth and managed to talked with the Prime Minister and Federal Territories Minister Khalid Samad. He explained to them briefly what is blockchain technology, as well as the main targets and technological solutions of NEM.
This can increase the mainstream interest in the project and affect the world-wide recognition of NEM.
NEM Price Analysis
For the most part of the week, NEM was following the pattern of the whole cryptocurrency market, with top coins shaping the charts for most of other altcoins. NEM was rather stable with the price of $0.102 on August 25th, which with slight fluctuations remained at this range until August 27th. There was one significant drop on August 26th when NEM fell to $0.1009, however it recovered the same day. August 28th brought the biggest changes, with NEM hitting first $0.108, then $0.112 during a rather sudden and upwards trend. The price then corrected a bit, but the top was achieved on August 29th with NEM raising to$0.1127 just to start falling rapidly during next hours. It went down by 5% almost within an hour. Currently it is still continuing it's rapid fall alongside most of other cryptocurrencies like Bitcoin or Ethereum. NEM already fell to below $0.101 mark.
NEM/USD Price Chart, Thursday August 30th:
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