What determines the price movement of Nexo (NEXO)?

There are two schools of thought when it comes to determining the price of a cryptocurrency like Nexo. By way of intrinsic value: Intrinsic value is typically assessed through on-chain metrics, project metrics, and financial metrics of Nexo, collectively known as fundamental analysis. Factors such as the law of supply and demand, tokenomics, use case, project roadmap, and the regulatory and governance environment will influence the long-term value of Nexo. By way of price action: technical analysis , using candlestick chart patterns and indicators like MACD, RSI, and Bollinger Bands, forecasts the price of Nexo on the basis that history tends to repeat itself. Since candlestick charts reflect market sentiment, news announcements and community sentiment can also significantly influence the price action of Nexo. Long-term investors usually favor fundamental analysis, while short-term traders often depend on technical analysis. In practice, combining both approaches can yield intriguing scenarios for Nexo and the broader cryptocurrency market.

What is the highest price of Nexo price in history?

Nexo achieved the all-time high of 4.07 in 2021-05-12, and is currently trading at 0.9374.

What is the lowest price of Nexo price in history?

Nexo reached its all-time low of 0.04515276 on 2018-09-13.

What is the current market cap of Nexo?

The current market cap of Nexo is 937400000.0, as 1000000000 NEXO is trading at the price of 0.9374.

How many Nexo are there in the market?

There are currently 1000000000 NEXO circulating in the market. These Nexo can be actively traded or used in the open market.

What is the maximum supply of Nexo?

The maximum supply of NEXO is 1000000000 , which includes its circulating supply, locked or staked supply, and the supply that has yet to be mined, minted, or created.

What is the fully diluted market cap (or FDV) of Nexo?

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Nexo is 937400000.00000. The FDV is calculated taking the assumption that all supply of Nexo is circulation, multiplied by its current price of 0.9374.

What is the price prediction of Nexo ?

Using an algorithm to automatically identify historical data trends, this Nexo price prediction adjusts its forecast from time to time based on current market conditions. With advanced machine learning, this prediction tool can help investors gauge market probabilities before making investment decisions.

Is Nexo a good investment?

Nexo offers a good potential ROI due to its inherent volatility, which presents numerous profit opportunities. However, this volatility is a double-edged sword, making it suitable for investors with high risk tolerance and a strong financial position. It is crucial to remember that Nexo and the broader crypto market are subject to extreme market conditions, regulatory changes, social media influence, and other unpredictable factors. Therefore, it is advisable to exercise risk management and do your own research (DYOR) before investing in Nexo.

You can buy Nexo via Gate by following the steps on how to buy NEXO once you have funded your account.

Nexo Price

NEXO

Rank 89

Nexo (NEXO) Price Live Chart

Nexo (NEXO) Price Today

Nexo (NEXO) price today is $0.9374, with a 24-hour trading volume of $16.75K and as such Nexo (NEXO) has a market cap of $937.4M, giving it a market dominance of 0.028%. The Nexo (NEXO) price moved +1.25% in the last 24 hours.

NEXO Price Data

24h Turnover$16.75K
All-Time High(ATH)$4.07
24h High$0.944
All-Time Low(ATL)$0.04515
24h Low$0.9161

NEXO Market Cap Infos

Market Cap$937.4M
Fully Diluted Valuation$937.4M
Market Cap/FDV100%
Market SentimentPositive

NEXO Supply

Circulating Supply1B NEXO
Total Supply1B NEXO
Max Supply1B NEXO

*Data is for reference only

Nexo (NEXO) Price Prediction

Nexo(NEXO) is predicted to average $0.9391 in 2026, with a potential swing between the lowest price $0.77 and the highest price $1.07. By 2031, Nexo(NEXO) price could reach to $2.15, offering a potential +85.00% return from today’s Nexo price.

Year	Minimum Price	Highest Price	Average Price	Change
2026	$0.77	$1.07	$0.9391	--
2027	$0.7536	$1.27	$1	+7.00%
2028	$0.7641	$1.45	$1.14	+21.00%
2029	$1.04	$1.79	$1.3	+38.00%
2030	$1.2	$1.93	$1.54	+65.00%
2031	$1.3	$2.15	$1.74	+85.00%

Nexo(NEXO) Price History

Nexo(NEXO) price has moved +1.25% in the last 24 hours, and +2.94% in the past 7 days. The price of Nexo(NEXO) is -2.56% in the past 30 days, and -29.97% over the last year.