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・Changes in XEM price and volume
Created DMM Bitcoin from CoinMarketCap (https://coinmarketcap.com/)
In 2021, XEM was full of events such as major updates and hard forks, but let’s look back on how the event affected prices, volumes, people’s interests, and holdings.
The figure above shows the changes in the price and volume of XEM / JPY since the beginning of 2021.
Due to the impact of the major update “Catapult” carried out in March, both prices and trading volume increased from February to the beginning of March. The price reached 81.48 yen on 3/3, and the trading volume exceeded 200 billion yen on 2/23.
After that, if the mountain was high, the valley was deep.
From March to June, the trend of the decline did not stop, and the price dropped to 10.79 yen on June 22nd.
Perhaps sales have run its course since July, and as of December, the declining trend has subsided, and prices have been sluggish, rising and falling between 12 and 26 yen.
There was a phase in which both the price and volume rose due to expectations for the XEM hard fork “Harlock” scheduled around November 19, but the impact of the “catapult” carried out in March was as great. The price fell when the hard fork was completed on December 1st.
From this, it can be seen that both the price and the volume are greatly influenced by the event. Next, let’s look at the interests of investors from the search values of Google Trends.
The insights and interpretations of this article are by the author and do not necessarily reflect the views of Cointelegraph.
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