Nexo (NEXO) Live Price Chart & History

Live NEXO / USD Price Chart

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Price USD 9.21%
$0.310363
Price BTC
0.00003677
Volatility (7d)
@volatility_7d %
Volatility (30d)
@volatility_30d %
Market Cap USD
$173.8M
Market Share
Since launching at $0.190647 on 02/05/2018 Nexo has achieved a price of $0.310363, falling @market_percent_change_7d% in the last week alone.

Nexo Price Analysis: Predictions and Forecasts

Why buy Nexo? What is it used for?

Over the past 10 years, we've been providing instant loans to millions of people across Europe. We believe that the expanding digital world helps improve our lives. We'd like to contribute by providing The World’s First Instant Crypto-backed Loans... Nexo delivers the World’s First Instant Crypto-backed Loans, thus resolving a crucial inefficiency for the crypto world. Up to this very moment, no alternatives existed for digital asset owners to enjoy their crypto wealth except selling them. The innovative model of Nexo brings to the crypto community the best of both worlds - retaining 100% ownership of their digital assets while having immediate access to cash. The Instant Cryptobacked Loans are an automatic, flexible and cost-efficient way of obtaining liquidity that is secured by the value of the client’s digital assets. The whole process is completed in just a few simple clicks. No hidden fees, no capital gains taxes, no credit checks. Transparency is guaranteed through the use of blockchain technology, smart contracts and algorithmic processes executed by the Nexo Oracle. Nexo is powered by Credissimo, a leading FinTech Group serving millions of people across Europe for over 10 years. Credissimo has always operated under the highest regulatory requirements and strictest supervision by multiple European Banking and Financial Services Regulators. Now the same Team and its Board of Advisors, empowered by the evergrowing community of Nexo supporters and enormous demand for the Instant Crypto-backed Loans, are unlocking the value of digital asset in a rapidly expanding token economy that will alter the very fabric of a $5 trillion dollar market.
Nexo was launched in 02/05/2018. It uses the Ethereum consensus (currently proof of work, will be proof of stake later on) method of consensus, and is based on the N/A algorithm. Nexo's goals include The world’s first instant crypto backed loans. Nexo is powered by A Leading FinTech Group serving millions of people across Europe for over 10 years. The NEXO Token is the World’s First US SEC-compliant Dividend-paying Asset-backed Security Token and is backed by the underlying assets of Nexo’s loan portfolio. Nexo partners withBitGoto secure all crypto assets. BitGo is trusted by other market leaders such as Kraken, CME Group, Pantera Capital, The Royal Mint and UPbit..

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Nexo Trading: How To Buy + Trade NEXO

Many of the 'long tail' of cryptocurrencies are currently only available at a handful of exchanges, many of which will not accept direct US Dollar, GBP or EUR deposits. In order to make a trade, you need to:
  1. Create a Bitcoin, Litecoin or Ethereum wallet
  2. Create a Nexo wallet to recieve your coins
  3. Buy either BTC, ETH or LTC at an exchange you trust, making a deposit by bank transfer or credit card
  4. Transfer the major coin you have bought to an exchange that trades NEXO
  5. Exchange your BTC, ETH or LTC for an amount of NEXO, depending on the current exchange rate
  6. Move your Nexo coins from the exchange to your private wallet to protect yourself from hacks or bankcrupcy at the exchange

The downsides of trading NEXO on an exchange

As you can see, the process for trading Nexo is not entirely straightforward or without risks. Exchanges are notorious for bad security and there have been several major incidents of hacking or an exchange 'going bust' with the losses to coin holders in the hundreds of millions. It is not safe to keep coins on any exchange, yet moving between exchanges or from an exchange to your wallet will incur fees.

Furthemore, its not uncommon for exchanges to go offline during periods of high volatility - means should the price of Nexo crash you may find yourself unable to trade out of the currency and into a safe haven due to their site crashing.

What's the alternative?

If you plan to trade, rather than buying to hold, we recommend trading with a CFD or forex broker. It may limit your choice of currency, but has considerable advantages:

  • The brokers are established and regulated by financial conduct authorities
  • Brokers regulated in Europe offer deposit protection: if they go bust your deposit will be refunded by the goverment (though not your open trades!)
  • Deposits and trades can be made directly in a currency you are comfortable with - USD, EUR or GBP. No need to calculate multiple exchange rates to know your profit.
  • Forex brokers are accustomed to high volatility and are better prepared for spikes of traffic. In a bear market, you should have a better chance of closing trades and getting your money out before Nexo goes to zero

You can see our list of featured trading platforms here

Will the price Nexo fall continue to rise?

It's impossible to predict for sure if Nexo is due for a crash or is headed to the moon, but this is what we do know:

  • In the past 7 days Nexo has fallen by @market_percent_change_7d%
  • In the past month it has gained 37.543571129049%
  • In total it has appreciated by $0.119716 since its inception, a change of 162.79%

Can Nexo reach, replace, pass or overtake bitcoin?

At present Nexo is trading at 0.00003677 BTC. In order to reach Bitcoin's current price of $15000 USD it would need to grow by 2,719,608.4%. If we assume Nexo continued to as it has in the last month - with a price change of 37.54% it would take 2.8196398573549 years just to reach Bitcoin's current price. To overtake bitcoin will take longer.

Price Targets:

If you're wondering if the price of NEXO is going to take off and increase in price to a higher level we've done the math for you.
In order for Nexo to reach $0.50 it needs to increase in price by a factor of 1.61x. Given its present growth rate of 37.54% per month, it could take just 2.0 months to hit a price target of $0.5 USD

What is the probability of hitting $0.50 over time?

Time periodChance final price > $0.5Chance final price < $0.5
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
3 years0%100%
4 years0%100%
5 years0%100%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Nexo to reach $1.00 it needs to increase in price by a factor of 3.22x. Given its present growth rate of 37.54% per month, it could take just 5.0 months to hit a price target of $1 USD

What is the probability of hitting $1.00 over time?

Time periodChance final price > $1Chance final price < $1
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
3 years0%100%
4 years0%100%
5 years0%100%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Nexo to reach $5.00 it needs to increase in price by a factor of 16.11x. Given its present growth rate of 37.54% per month, it could take just 11.9 months to hit a price target of $5 USD

What is the probability of hitting $5.00 over time?

Time periodChance final price > $5Chance final price < $5
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
3 years0%100%
4 years0%100%
5 years0%100%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Nexo to reach $10.00 it needs to increase in price by a factor of 32.22x. Given its present growth rate of 37.54% per month, it could take just 1.2 years to hit a price target of $10 USD

What is the probability of hitting $10.00 over time?

Time periodChance final price > $10Chance final price < $10
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
3 years0%100%
4 years0%100%
5 years0%100%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Nexo to reach $15.00 it needs to increase in price by a factor of 48.33x. Given its present growth rate of 37.54% per month, it could take just 1.4 years to hit a price target of $15 USD

What is the probability of hitting $15.00 over time?

Time periodChance final price > $15Chance final price < $15
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
3 years0%100%
4 years0%100%
5 years0%100%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Nexo to reach $25.00 it needs to increase in price by a factor of 80.55x. Given its present growth rate of 37.54% per month, it could take just 1.6 years to hit a price target of $25 USD

What is the probability of hitting $25.00 over time?

Time periodChance final price > $25Chance final price < $25
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
3 years0%100%
4 years0%100%
5 years0%100%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Nexo to reach $50.00 it needs to increase in price by a factor of 161.10x. Given its present growth rate of 37.54% per month, it could take just 1.8 years to hit a price target of $50 USD

What is the probability of hitting $50.00 over time?

Time periodChance final price > $50Chance final price < $50
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
3 years0%100%
4 years0%100%
5 years0%100%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Nexo to reach $100.00 it needs to increase in price by a factor of 322.20x. Given its present growth rate of 37.54% per month, it could take just 2.1 years to hit a price target of $100 USD

What is the probability of hitting $100.00 over time?

Time periodChance final price > $100Chance final price < $100
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
3 years0%100%
4 years0%100%
5 years0%100%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Nexo to reach $200.00 it needs to increase in price by a factor of 644.41x. Given its present growth rate of 37.54% per month, it could take just 2.3 years to hit a price target of $200 USD

What is the probability of hitting $200.00 over time?

Time periodChance final price > $200Chance final price < $200
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
3 years0%100%
4 years0%100%
5 years0%100%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy

Is Nexo a good investment? Is it safe to put my money into NEXO?

No, it is not a 'good investment' to buy Nexo, and given the market volatility it is certainly not safe either. We would urge you to not to consider buying or trading Nexo as an investment but purely speculation.

It is certainly possible to profit from an increase in the value of NEXO - and if you short the coin you might even profit from a crash in the market.

However with so much uncertainty in the market the best you can do is make an educated guess as to the direction of the price or the mood of the market. If you're not informed on the fundamentals that's pretty close to a gamble.

Remember, your capital is at risk.. Trading conditions can change at any time without prior notice. Buying, holding or trading is a high risk activity that may incur significant losses over a short period of time

Market Sentiment

Nexo Development + Team

There are 4 developers coding the source behind Nexo There are no sales or marketing staff on the team which could impede the coin's growth.

Nexo publishes bios of all of its team members at their website which can help investors understand the motivations and people behind the project

The team for Nexo is lead by Kosta Kantchev,

The team is not active on the social media channels, which can be a troubling sign. Their blog is updated regularly with news and information on Nexo's development

.

Risk Warning

Your capital is at risk. Trading in Forex and Contracts for Difference (CFDs) is highly speculative and involves a significant risk of loss.  The information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. This website is provided for informational purposes only and in no way constitutes financial advice. A featured listing does not constitute a recommendation or endorsement.

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