Nexo Achieves Market Capitalization of $421.33 Million (NEXO)

Nexo (NEXO) traded 2.2% higher against the U.S. dollar during the 24 hour period ending at 23:00 PM Eastern on November 20th. One Nexo token can now be bought for approximately $0.75 or 0.00002007 BTC on cryptocurrency exchanges. Nexo has a market capitalization of $421.33 million and $3.30 million worth of Nexo was traded on exchanges in the last 24 hours. In the last week, Nexo has traded 2.4% higher against the U.S. dollar.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• KILT Protocol (KILT) traded 1.7% higher against the dollar and now trades at $0.37 or 0.00000984 BTC.
• Aidi Finance (BSC) (AIDI) traded down 2.2% 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.
• OmniaVerse (OMNIA) traded 6.2% lower against the dollar and now trades at $0.0008 or 0.00000002 BTC.
• Kitty Inu (KITTY) traded 1.9% higher against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Lego Coin (LEGO) traded up 0% against the dollar and now trades at $0.0049 or 0.00000013 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded down 1.9% against the dollar and now trades at $0.0083 or 0.00000022 BTC.

Nexo Profile

Nexo was first traded on April 1st, 2018. Nexo’s total supply is 1,000,000,000 tokens and its circulating supply is 560,000,011 tokens. The official message board for Nexo is nexo.com/blog. The official website for Nexo is nexo.com. 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.

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 presently possible to purchase alternative cryptocurrencies such as Nexo directly using US dollars. Investors seeking to acquire Nexo should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Coinbase. 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