Nexo Achieves Market Capitalization of $684.42 Million (NEXO)

Nexo (NEXO) traded 3.8% lower against the dollar during the twenty-four hour period ending at 12:00 PM E.T. on April 16th. During the last seven days, Nexo has traded 12.4% lower against the dollar. One Nexo token can now be purchased for $1.22 or 0.00001979 BTC on popular exchanges. Nexo has a market cap of $684.42 million and approximately $8.63 million worth of Nexo was traded on exchanges in the last day.

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

• KILT Protocol (KILT) traded 3.7% lower against the dollar and now trades at $0.34 or 0.00000546 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 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.
• Kitty Inu (KITTY) traded 1.9% higher against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Lego Coin (LEGO) traded flat against the dollar and now trades at $0.0086 or 0.00000013 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 2.2% lower against the dollar and now trades at $0.0085 or 0.00000014 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

About Nexo

Nexo launched on April 1st, 2018. Nexo’s total supply is 1,000,000,000 tokens and its circulating supply is 560,000,011 tokens. The official website for Nexo is nexo.com. 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. 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 currently possible to purchase alternative cryptocurrencies such as Nexo directly using U.S. dollars. Investors seeking to acquire Nexo should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. 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