Nexo (NEXO) Achieves Self Reported Market Capitalization of $830.85 Million

Nexo (NEXO) traded 5.7% lower against the US dollar during the 24-hour period ending at 8:00 AM E.T. on February 1st. Nexo has a total market capitalization of $830.85 million and $20.26 million worth of Nexo was traded on exchanges in the last day. During the last week, Nexo has traded 11.9% lower against the US dollar. One Nexo token can currently be purchased for about $0.83 or 0.00001061 BTC on popular exchanges.

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

• 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 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.BBN (SOLVBTC.BB) traded 10.5% lower against the dollar and now trades at $78,474.12 or 0.99372946 BTC.
• SolvBTC (SOLVBTC) traded 5.3% lower against the dollar and now trades at $78,415.09 or 1.00146070 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 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 Twitter account is @nexo and its Facebook page is accessible here. 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.

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 currently 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 Gemini, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Nexo using one of the exchanges listed above.

NEXO/USD price chart by TradingView