In the last year, cryptocurrencies have grown, and their popularity skyrocketed. The market has grown, matured, and flourished. Among other things, their accessibility and flexibility make cryptocurrencies so popular and interesting to investors.
Nexo is a platform that allows users to get instant loans and provides fast access to their belongings. One of NEXO’s biggest perks is that it serves as a source of discounts and many other benefits for its users.
NEXO Fundamental Analysis
Nexo is a relatively young cryptocurrency, created in 2017 and first distributed in February 2018. The Nexo platform seeks to make the acquisition of loans easier and faster without having to rely on credit score checkups. Nexo supports over 20 cryptocurrencies, including but not limited to Bitcoin, Ethereum, XRP, Cardano, Monero, and many more. The payments are supported for USD, EUR, BTC, ETH, and NEXO tokens.
Nexo’s platform functions on two principles: the scalability of transactions and facilitating a smooth integration with other applications. It allows its users to roll out free virtual cards that enable no-limit cryptocurrency conversions. Said cards may be used for discounts, and one of their best features is that they allow users to make purchases in their local currencies.
This platform’s main goals are:
- Preventing the assets’ value from growing idle over time by allowing the users to hold onto the currencies while giving them access to fiat currencies such as USD and EUR.
- Speeding up the liquidation of the assets. This process is usually slow and limited, which is exactly what Nexo is hoping to avoid by speeding up the process and offering globalized access to the funds. It also does not require the owners to pay additional fees for transactions and withdrawals to be made.
- Eliminating the risk of credit rating devaluation. Nexo has gotten rid of hard credit checks, therefore, relying on securing the loans based on the value of the digital assets alone.
When Nexonomics was first launched, Nexo also launched a Loyalty program, through which the earning rates were doubled, and a $12M buyback was initiated.
During Nexonomics 2.0, the NEXO Token saw a 600% growth, where it marked a new all-time high of $4.05.
After the tremendous success of the Nexonomics’ launch in Q4 of 2020 and that of Nexonomics 2.0, which was launched in the spring of 2021. Nexo is planning on launching Nexo 3.0, which will start a new chapter in the evolution of this token.
Nexo has a fixed supply of 1 billion tokens, which are allocated in the following manner:
- 25% (250 million) tokens for the company overdraft funding reserves, subject to a 12 month vesting period with a six-month cliff.
- 11.25% (11.25%) tokens for the founders and team, subject to a 48-month quarterly vesting period.
- 6% (60 million) tokens for airdrop campaigns and community building, subject to an 18-month quarterly vesting period.
- 5.25% (52.5 million) tokens for marketing, advisors, and legal cost. Subject to a 12-month vesting period.
- 52.5% (525 million) tokens for sale to investors.
This distribution can also be portrayed in the graph below:
Nexo (NEXO) Price Analysis
Currently, the NEXO coin is trading just above $2. In May of 2021, this coin has hit an all-time high of $4.07, and it has been falling ever since. As of January, its price has fallen by nearly 50%, and its current price is just above $2. According to Coincodex, at the time of writing, the general price prediction sentiment is neutral, with 21 technical analysis indicators signaling bullish signals and nine signaling bearish signals. NEXO’s market capitalization is $1.2B, with a circulating supply of 560 million NEXO.
$ 1.15 B
$ 6.57 M
1,000.00 M NEXO
Crypto Academy Nexo (NEXO) Price Prediction 2022
|Months||Minimum Price||Average Price||Maximum Price|
Nexo (NEXO) Price Prediction February 2022: In February of 2022, the minimum price of NEXO might be around $2.11, whereas the maximum is predicted to reach $2.38, and the average price could be around $2.31.
Nexo (NEXO) Price Prediction March 2022: In March of 2022, the minimum price of NEXO could be around $2.30, the maximum 2.38, and an average of 2.31.
Nexo (NEXO) Price Prediction April 2022: As of April of 2022, the minimum price of NEXO might hit $2.35, and the maximum could reach up to $2.60, and the average price is predicted to be around $2.45.
Nexo (NEXO) Price Prediction May 2022: In May of 2022, NEXO could reach a maximum of $2.70 and a minimum of $2.42, where $2.52 could be the average price.
Nexo (NEXO) Price Prediction June 2022: In June of 2022, the price of NEXO might increase only by a little bit. The minimum could be $2.47, the average price $2.56, and the maximum $2.83.
Nexo (NEXO) Price Prediction July 2022: In July, the minimum price of NEXO is predicted to be around $2.55, and the maximum price could hit $2.95, whereas the average price might be $2.64.
Nexo (NEXO) Price Prediction August 2022: As of August, NEXO’s maximum price is finally predicted to surpass the $3 mark by potentially reaching up to $3.05. The minimum might be $2.64, and the average price $2.73.
Nexo (NEXO) Price Prediction September 2022: In September, the minimum price of NEXO is predicted to be around $2.74, with an average of $2.83, and a maximum price could reach up to $3.16.
Nexo (NEXO) Price Prediction October 2022: In October of 2022, the maximum price of NEXO has been predicted to be around $3.29, the minimum might be $2.85, and the average price $2.95.
Nexo (NEXO) Price Prediction November 2022: As of November, the minimum price of NEXO is just below the $3 mark, as it is predicted to be around $2.93. The maximum price might be $3.42, and the average $3.03.
Nexo (NEXO) Price Prediction December 2022: With slow but consistent growth, NEXO is expected to reach its all-time high of the year in December. The maximum price is expected to be around $3.57, the minimum price is $3.05, and the average price is around $3.15.
Nexo (NEXO ) Price Prediction 2022 Q1
Nexo has started the year with a lot of new partnerships. However, their results can most likely not be immediate but rather gradual. During the first quarter, NEXO’s price might be at its lowest for the year, with a $2.49 maximum.
Nexo (NEXO) Price Prediction 2022 Q2
The slow but graduate increase in value may continue into the 2nd quarter as well, with a $2.35 minimum price and $2.83 maximum.
Nexo (NEXO) Price Prediction 2022 Q3
July, August, and September are expected to be very successful. For the first time, NEXO should reach and surpass the $3 mark during this trimester.
Nexo (NEXO) Price Prediction 2022 Q4
During this quarter, NEXO’s price has been predicted to reach its peak for the year. The partnerships’ results should be apparent during this period. For this trimester, the minimum price has been forecasted to be $2.86 and the maximum $3.56.
Crypto Academy Nexo (NEXO) Price Prediction 2023,2024,2025,2026
Nexo (NEXO) Price Prediction 2023
In 2023 we can expect NEXO to have an increase in price during the months of April and May and then a relatively slow and steady fall during the rest of the year. During this year, NEXO is expected to surpass its all-time high price and reach a maximum of $5.
Nexo (NEXO) Price Prediction 2024
2024 might be an unstable year for NEXO. It is expected to have a maximum level of roughly $7 and a minimum of $6.3 It might as well have a large decline and fall just under $3.
Nexo (NEXO) Price Prediction 2025
Unlike the preceding year, 2025 should be more stable and less volatile when it comes to NEXO’s price. During this year, NEXO’s price might go up to $11.
Nexo (NEXO) Price Prediction 2026
In 2026, NEXO is expected to experience a slight decline, especially by the middle of the year. However, the price may most likely start going up again by the end of the year. The year 2026 could end with a maximum price of $16 and a minimum of $14.
Nexo (NEXO) Market Price Prediction
Forecasters have expressed a lot of optimism when it comes to NEXO’s price throughout the year. Here is what some of them have to say about NEXO’s future:
According to Priceprediction.net NEXO’s value could continue to expand, and this coin has a lot of potential to reach new heights. They predict that NEXO could reach a maximum price of $3.54 in the year 2022.
When it comes to NEXO’s long-term price, they predict that by the year 2030, the price may reach a maximum value of $70 and a possible value of $100 by 2031.
Digital Coin Price
Based on their predictions, NEXO’s price may slowly increase in the future and it would be a very profitable investment. According to Digital Coin Price, NEXO’s value could reach $9 in 7 years.
Everything For Fun – Youtube
This youtube channel believes that Nexo has a very promising future and in a 5 year period its adoption might climb considerably in terms of price and market value. According to this channel, NEXO’s price by the end of 2025 may reach and maybe even exceed $20.
Crypto with James
Another YouTuber explains why NEXO and Nexo wallet is such a great investment and how people can earn income from their savings as opposed to not having any income from their savings when they are kept in a centralized bank. James believes that NEXO might reach $5 or even $6 by the end of this year.
How to buy Nexo (NEXO)?
Step 1: Create an account on an exchange that supports NEXO.
You can buy NEXO in FTX, Bybit, Huobi Global, HitBTC, etc. If you do not have an account, then you can create one either on the Nexo web platform or the Nexo wallet application. This step can be completed very easily since everything that is required is an email address and a password.
Step 2: Make the purchase
Once you have created the account you should click on the “Exchange” page and then select the option “Buy”, that is if the purchase is being made with a fiat currency. However, if you’re using preexisting crypto in your account then you should choose the option “Swap”, which given by the name, will allow you to swap certain crypto for NEXO tokens.
Step 3: Choose the currency you would like to make the purchase with
After deciding whether you would like to Buy NEXO with a fiat currency or swap it for another cryptocurrency, you need to choose what currency you would like to use to make the purchase with. After that, you should enter the amount you want to buy. Then click on “Preview Exchange” to review the order.
Step 4: Click on “Exchange” to confirm the purchase.
Once you are satisfied with the number of tokens you want to buy, you need to click on the button “Exchange” which will confirm the purchase. After doing this, the NEXO tokens should appear in your wallet within a few seconds.
Frequently Asked Questions (FAQ)
Can Nexo hit $10?
Considering Nexo’s rising popularity and high potential, its price may most likely increase in the upcoming years. Based on its performance, Nexo should be able to hit the $10 mark in the next four years.
Will the price of NEXO increase?
Nexo has entered the year 2022 with many new developments and partnerships. Although its price increase may not be immediate, it could continue to flourish and it is bound to grow as a new cryptocurrency. Based on the statistical data it does not seem like Nexo can experience a crash any time soon, so its potential to grow is very high.
Where can I buy Nexo?
Nexo is available in the mainstream exchanges, such as Coinbase, Coinmama, Binance, FTX, Bybit, Huobi Global, HitBTC, etc. The purchase can be made with a debit or a credit card, and it is a requirement to have a Nexo Wallet and get it approved before proceeding to buy it.
Where can I store Nexo?
Nexo tokens can be stored in their own Nexo wallet, which is a reputable, legitimate, and very trustworthy wallet.
- Nexo allows its users to take loans without requiring credit checkups.
- It aims to eliminate the risk of credit rating devaluation.
- Nexo allows its users to store their tokens into the Nexo wallet where they can have instant access.
- Nexo should reach the $10 mark in 3-4 years.
- Many believe that it is way more beneficial to store their savings in Nexo than in banks. Therefore, it makes for great passive income.
- It is possible to purchase Nexo in Coinbase, Coinmama, and Binance.
- Experts say that investing in Nexo as soon as possible is a great idea since it has so much potential for a promising future.