Nexo Reaches Self Reported Market Capitalization of $1.09 Billion (NEXO)

Nexo (NEXO) traded up 2.6% against the U.S. dollar during the twenty-four hour period ending at 13:00 PM E.T. on March 14th. Nexo has a market capitalization of $1.09 billion and approximately $8.55 million worth of Nexo was traded on exchanges in the last day. One Nexo token can currently be bought for $1.09 or 0.00001295 BTC on popular exchanges. In the last week, Nexo has traded 3.9% lower against the U.S. dollar.

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

• Taiko (TAIKO) traded down 0.3% against the dollar and now trades at $0.64 or 0.00000759 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 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% 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 up 4.3% against the dollar and now trades at $84,420.63 or 1.00028603 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 3.7% higher against the dollar and now trades at $83,649.24 or 0.98801045 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’s genesis date was April 1st, 2018. Nexo’s total supply is 1,000,000,000 tokens. The official website for Nexo is nexo.com. The Reddit community for Nexo is https://reddit.com/r/nexo and the currency’s Github account can be viewed here. The official message board for Nexo is nexo.com/blog. Nexo’s official Twitter account is @nexo and its Facebook page is accessible here.

According to CryptoCompare, “NEXO token is a utility token for the NEXO exchange. It is an ERC20 compliant token in the Ethereum network.The NEXO platform allows users to lend and request loans backed by cryptocurrency.NEXO Token holders receive up to 12% interest per annum, paid out daily, on the NEXO Tokens held in both the Savings and Credit Line wallets of their Nexo accounts. Plus, holding NEXO Tokens automatically makes you a part of Nexo’s Loyalty Program which gives you:Higher yields on crypto and fiat with our Earn suite.Preferential borrowing rates for the Instant Crypto Credit Lines™.Free crypto withdrawals.”

Buying and Selling Nexo

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

NEXO/USD price chart by TradingView