Nexo (NEXO) Analysis

Market Cap

$171,793,617 USD

Volume (24h)

$16,611,360 USD

Top cryptocurrency services

Bot for automated trading Launch bot
Hardware wallet for holding Get wallet
Instant buy & sell coins Buy & sell
Casino for non-US players Play now
USA & UK friendly casino Play now
4.1
SAFETY

Ranking factors:

  • Markets

    How many exchanges are there to trade this coin?

    Nexo Markets Rank: 6/100

  • Volume Ratio

    How actively is this asset being traded on the market?

    Nexo Volume Ratio Rank: 10/100

  • Market Cap

    The total cost of all coins available.

    Nexo Market Cap Rank: 99/100

  • 24h Change

    Is the price moving up or down?

    Nexo 24h Change Rank: 55/100

  • Social Following

    How many users are following this coin?

    Nexo Social Following Rank: 95/100

  • Twitter Citation

    How many users are talking about this coin in Twitter?

    Nexo Twitter Citation Rank: 44/100

  • User Voting

    How popular is this coin among Cointobuy community?

    Nexo User Voting Rank: 99/100

Nexo investment analysis

This little blockchain project is a cryptocurrency backed loan service. Cryptocurrency enthusiasts can quickly and easily acquire loans against their holdings in order to gain access to capital. These loans are instantly enacted and require no approval or credit checks as long as the borrower has collateral to put forward.

While they are certainly not the only player in this space, they do have some interesting features and plans for their roadmap. For starters, if the crypto being held in your wallet grows in value, you will be able to access that equity as well.

They also give their users an easy way to spend their funds by utilizing virtual bank cards. In the next decade, it's likely that the cryptocurrency loans sector will be huge, and your Nexo investment will put you directly on the front lines.

Nexo investment price
$0.306774
Nexo expected Profit

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing possible profit rate in the coming months.

-2.3%
Nexo Potential Price

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing the possible price in the coming months.

$0.299637
Nexo Rating

The current coin position in cryptocurrency rankings by Safety Rank and Potential Profit.

112/3437
by Safety
3382/3437
by Profit
historical data

How to buy Nexo?

While there are many exchanges where investors can buy Nexo, they are not the best exchanges in the world. Most of them are fairly low volume and not the best to use. However, there is a good deal of trading volume here to accomplish your goals. Due to the nature of these exchanges, it's important that you move your tokens off of them immediately after purchase for safety. Ethereum is the largest volume trading pair here, but there is also volume in Bitcoin if you'd prefer it.

This is an Ethereum based asset, and that means that you'll need a wallet capable of storing ERC20 tokens in order to store your investment safely. There are many excellent options for this including Meta Mask, Ledger's hardware wallet, Coinomi's mobile wallet for Android or iOs, and web wallets similar to My Ether Wallet.