Is xem currency a mainstream currency?

XEM currency is not a mainstream currency. Mainstream currencies include digital currencies with high market capitalization, recognition and trading volume. XEM currency is the NEM blockchain platform token. It has low market value and popularity, relatively small transaction volume, and limited liquidity, so it is not a mainstream currency.

#Is XEM currency a mainstream currency?

Answer: No, XEM currency is not a mainstream currency.

Detailed explanation:

Mainstream currency refers to the digital currency with the highest market capitalization, widest recognition and most active trading volume in the cryptocurrency market. Currently recognized mainstream currencies include Bitcoin, Ethereum, Binance Coin, Ripple and Dogecoin.

The XEM coin is the native token of the NEM blockchain platform. Although the NEM blockchain is used in areas such as supply chain management, voting systems, and asset management, its market value and popularity are far lower than those of mainstream currencies. As of now, XEM coin’s market capitalization ranks below the top 50.

In addition, XEM coin also has relatively low trading volume and poor liquidity on major cryptocurrency exchanges. This further limits its potential to become a mainstream currency.

To sum up, although XEM currency has its unique applications in specific fields, it is not regarded as a mainstream currency in the cryptocurrency market.

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