Nexo (NEXO) Trading 10.1% Lower Over Last Week

Nexo (NEXO) traded down 1.3% against the US dollar during the one day period ending at 13:00 PM Eastern on February 6th. One Nexo token can currently be bought for about $1.33 or 0.00001379 BTC on cryptocurrency exchanges. Nexo has a total market cap of $1.33 billion and $11.82 million worth of Nexo was traded on exchanges in the last 24 hours. During the last week, Nexo has traded down 10.1% against the US dollar.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• GMX (GMX) traded up 0.3% against the dollar and now trades at $16.86 or 0.00017483 BTC.
• 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 2.2% lower 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 1% against the dollar and now trades at $96,644.50 or 1.00195188 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 1% against the dollar and now trades at $96,581.05 or 1.00129411 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 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 message board is nexo.com/blog. Nexo’s official website is nexo.com. The Reddit community for Nexo is https://reddit.com/r/nexo and the currency’s Github account can be viewed here. Nexo’s official Twitter account is @nexo and its Facebook page is accessible 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.”

Buying and Selling Nexo

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

NEXO/USD price chart by TradingView