Nexo (NEXO) Hits Self Reported Market Capitalization of $957.78 Million

Nexo (NEXO) traded down 2.5% against the dollar during the 24 hour period ending at 0:00 AM Eastern on November 4th. In the last seven days, Nexo has traded down 4.7% against the dollar. One Nexo token can now be bought for about $0.96 or 0.00001403 BTC on major cryptocurrency exchanges. Nexo has a market cap of $957.78 million and approximately $4.88 million worth of Nexo was traded on exchanges in the last day.

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

• 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 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower 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.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded 1.2% lower against the dollar and now trades at $68,217.61 or 0.99925138 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 1.6% lower against the dollar and now trades at $67,892.38 or 0.99448732 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 was first traded on 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 official message board for Nexo is nexo.com/blog. The Reddit community for Nexo is https://reddit.com/r/nexo and the currency’s Github account can be viewed here. 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.”

Buying and Selling Nexo

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

NEXO/USD price chart by TradingView