Nexo (NEXO) Price Tops $1.02 on Exchanges

Nexo (NEXO) traded up 5.4% against the US dollar during the 24 hour period ending at 14:00 PM ET on November 6th. Nexo has a market capitalization of $1.02 billion and $9.14 million worth of Nexo was traded on exchanges in the last 24 hours. One Nexo token can currently be purchased for $1.02 or 0.00001353 BTC on popular cryptocurrency exchanges. During the last week, Nexo has traded up 0.3% against the US dollar.

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

• 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 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 2.2% lower 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 7.8% higher against the dollar and now trades at $75,236.48 or 0.99432703 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded up 6.2% against the dollar and now trades at $74,011.09 or 0.97813223 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Nexo 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 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 US dollars. Investors seeking to trade Nexo should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Nexo using one of the aforementioned exchanges.

NEXO/USD price chart by TradingView