Nexo Self Reported Market Cap Hits $968.69 Million (NEXO)

Nexo (NEXO) traded 3.7% lower against the dollar during the 1 day period ending at 13:00 PM Eastern on April 7th. One Nexo token can now be bought for about $0.97 or 0.00001244 BTC on popular exchanges. Nexo has a total market cap of $968.69 million and approximately $39.71 million worth of Nexo was traded on exchanges in the last day. In the last seven days, Nexo has traded down 7.4% against the dollar.

Here is how similar cryptocurrencies have performed in the last day:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded down 5.2% against the dollar and now trades at $77,913.84 or 1.00089462 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 5.3% against the dollar and now trades at $77,737.64 or 0.99863108 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

Nexo Token Profile

Nexo’s launch date was April 1st, 2018. Nexo’s total supply is 1,000,000,000 tokens. Nexo’s official Twitter account is @nexo and its Facebook page is accessible here. The Reddit community for Nexo is https://reddit.com/r/nexo and the currency’s Github account can be viewed here. Nexo’s official message board is nexo.com/blog. The official website for Nexo is nexo.com.

According to CryptoCompare, “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.”

Nexo Token Trading

It is usually not possible to purchase alternative cryptocurrencies such as Nexo directly using US dollars. Investors seeking to trade Nexo should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Nexo using one of the exchanges listed above.

NEXO/USD price chart by TradingView