NEXO Crypto

NEXO Crypto  USD 1.44  0.09  6.67%   

Performance

15 of 100

 
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Risk Of Devaluation

Over 76

 
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NEXO is trading at 1.44 as of the 28th of November 2024, a 6.67% increase since the beginning of the trading day. NEXO has a very high chance of experiencing financial distress in the next few years of operation. However, it had a very good returns during the last 90 days. Cryptocurrency ratings for NEXO are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of August 2024 and ending today, the 28th of November 2024. Click here to learn more.
NEXO is peer-to-peer digital currency powered by the Blockchain technology. More on NEXO

Moving together with NEXO Crypto Coin

  0.93XRP XRPPairCorr
  0.91SOL SolanaPairCorr
  0.96STETH Staked EtherPairCorr
  0.84SUI SuiPairCorr
NEXO is a digital token from an internet market maker for peer-to-peer digital cash-like asset called Cryptocurrency. NEXO has been active in the last 3 months, and it is now expressing a bullish sentiment. Cryptocurrencies such as NEXO are digital assets that allow for secure payments and are represented by ledger entries internal to the system, generally referred to as a blockchain. Blockchain implementations use encryption algorithms and cryptographic techniques that safeguard entries in the ledger. Cryptocurrency assets such as NEXO are becoming very popular among investors and have been praised for their portability, inflation resistance, and transparency. However, they face a lot of criticism, including lack of tax regulations, exchange rate volatility, and infrastructure vulnerabilities.

NEXO Crypto Coin Highlights

Most cryptocurrency investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend or investor sentiment. NEXO's investment highlights are automatically generated signals that are significant enough to complement your investing judgment regarding NEXO or challenge it. These highlights can help you better understand the crypto position you are entering and avoid costly mistakes.
Business ConcentrationTechnology, Cryptocurrency, Blockchain (View all Sectors)
NEXO is one of many evolving digital currencies in which encryption is used to regulate the generation of units of currency and verify the transactions independently of a central authority. It is traded on 10 exchanges in multiple currencies. NEXO is a utility token used within the NEXO platform, bridging the gap between traditional finance and the digital asset economy. NEXO users can borrow fiat or stablecoins by collateralizing cryptocurrencies. Furthermore, NEXO token holders are eligible to participate in platform decisions, emphasizing the platform's community-centric philosophy. The token also offers holders up to 12% annual interest on the NEXO tokens held in their wallets. Moreover, holding NEXO tokens enrolls users in NEXO's Loyalty Program, granting them higher yields on crypto and fiat currencies, preferential borrowing rates, and free crypto withdrawals. The NEXO token was created by Nexo AG, a FinTech group established in 2017, based in Zug, Switzerland, that blends traditional finance and blockchain technology.
Coin TypeNEXO
Other Smart Contract AddressView
IndustryFinancial and Insurance Activities
FINMAUtility
FCAUtility
AccessPermissionless
Collateralized AssetNo
SymbolNEXO
Market Performance RatingD+
NameNEXO
Sponsoredfalse
Built OnETH
Asset Whitepaper UrlView
Decimal Points18.0
Is Tradingtrue
Asset Launch Date2018-04-29
Full NameNEXO (NEXO)
Asset Website Urlhttps://nexo.io
Platform Typetoken
Coin NameNEXO
Total Coins Mined1,000 Million
Smart Contract AddressView
NEXO (NEXO) is traded on CRYPTO Exchanges. NEXO is peer-to-peer digital currency powered by the Blockchain technology. The coin currently falls under 'Nano-Cap' category with a current market capitalization of 4.91 K. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate NEXO's market, we take the total number of its shares issued and multiply it by NEXO's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

NEXO's Exchanges and Markets

HitBTC Bitfinex Bitstamp Unocoin Poloniex BitMart Binance DigiFinex Bibox CoinEx

NEXO Risk Profiles

NEXO Technical Analysis

When it comes to investing in cryptocurrency, such as NEXO, the assumption holds that everything in the market that could affect the price of crypto is already reflected. Therefore, the price of NEXO, which is currently traded at 1.44, shows everything you need to know about NEXO market value. You don't have to consider the fundamental factors that affect a crypto asset, such as NEXO, to determine its price movements. However, the NEXO's price action will always exhibit trends, even in random market movements, regardless of the timeframe you use - so NEXO's future price movement is more likely to follow an established trend and the cryptocurrency technical analysis is one of the ways to project NEXO's future price trend
Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. NEXO Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe NEXO price patterns.

NEXO Against Markets

Be your own crypto manager

Our tools can tell you how much better you can do entering a position in NEXO without increasing your portfolio risk or giving up the expected return. As an individual cryptocurrency investor, you need to find a reliable way to track the performance of all your tokens in a consistent way. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall cryptocurrency portfolio.

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How to invest in NEXO

You need to understand the risk of getting into digital currencies such as NEXO before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in NEXO in four ways:

Buy NEXO through an exchange

Get yourself a crypto wallet before embarking on your NEXO journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase NEXO. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.

Purchase fractions of NEXO through an exchange

You don't have to buy a full token when starting out since NEXO is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.

Trade NEXO through a broker

If you don't want to store your NEXO Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.

Invest in NEXO through an exchange-traded fund (ETF)

You can also invest in NEXO through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.

Investing Ideas

In addition to having NEXO in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  
When determining whether NEXO offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of NEXO's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Nexo Crypto.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NEXO. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Please note, there is a significant difference between NEXO's coin value and its market price as these two are different measures arrived at by different means. Cryptocurrency investors typically determine NEXO value by looking at such factors as its true mass adoption, usability, application, safety as well as its ability to resist fraud and manipulation. On the other hand, NEXO's price is the amount at which it trades on the cryptocurrency exchange or other digital marketplace that truly represents its supply and demand.