Nexo Price

$1.236 -0.145%

Market cap$1,216,239,113.20

Volume (24h)$3,207,491.32

Highest price (24h)$1.271

Circulating supply1,000,000,000 NEXO

About

Why track NEXO price?

The Nexo price is of significant interest to many, reflecting the market's confidence in the Nexo platform's growth prospects. By tracking the Nexo price, investors get insights into optimal times to buy Nexo or make sales decisions.

As the native token of the crypto lending platform Nexo, its value not only influences investment decisions but also affects loan-to-value ratios when used as collateral.

For those who buy Nexo, they stand to benefit from its utility on the platform. Nexo tokens can be used to repay loans at discounted rates, making it advantageous when the Nexo worth is favorable. Moreover, holding NEXO can make one eligible for dividends, further incentivizing tracking its market performance.

As with any cryptocurrency, understanding Nexo's worth is essential given the market's inherent volatility. Whether for strategic decisions, speculation, or investment, it's vital to research and comprehend the associated risks before transacting.

Use the NEXO calculator on Paybis to get more information about the price.

What info is displayed on the NEXO price chart?

Paybis’s NEXO price USD chart provides details such as:

Live NEXO price
Current Market Cap of NEXO
24hr Volume of NEXO
Highest price of NEXO in the last 24 hours
Circulating supply of NEXO
Price of Nexo in 50+ fiat currencies

This data offers a comprehensive understanding of the NEXO token's market dynamics.

On Paybis, you can also convert NEXO to USD in a jiffy.

Nexo price history

Here's a glimpse into the NEXO price history since its ICO in 2018:

2018: The ICO price for the token was $0.1 per NEXO. The initial momentum was incredible with over 300% increase in price by the middle of May. However, the token ended the year around $0.08.
2019: The price of NEXO was very volatile with heavy swings between $0.05 and $0.12. The closing price for the year was around $0.12.
2020: The price of NEXO started to rise in the second half of the year, reaching a high of $0.7395 in December.
2021: The price of NEXO skyrocketed in 2021, reaching an all-time high of $4.63 in November. This was driven by the overall bull market in cryptocurrencies, as well as the launch of Nexo's Earn program, which offered high interest rates on crypto deposits.
2022: NEXO price began to decline sharply in the first half of the year. The price volatility reduced in the second half. The token ended the year around $0.6.

Nexo price today

Nexo's groundbreaking solutions in the crypto-backed loan sector ensure that the NEXO token remains integral to its operations.

As the crypto world evolves, so does the valuation of NEXO. On Paybis's platform, you can view the current NEXO price, and with the filter option, get a tailored view.

Explore the Nexo price today price, market cap, volume, and more using the Paybis tracker. Like the price you see? Then you can quickly hit the buy button and purchase NEXO right away — the price is locked for 15 minutes.

Analyzing Nexo price trends

For insightful decisions on Nexo, it's crucial to recognize what influences NEXO value. DeFi trends, Nexo platform's expansions, and broader crypto sentiments play a part.

The Paybis NEXO price chart is a real-time source to understand immediate price movements and longer-term trends. A simplified user interface ensures even beginners can track and evaluate NEXO price now efficiently.

How will NEXO price change in the future?

Predicting the exact trajectory of NEXO is complex. If Nexo continues to pioneer and lead in its niche, the NEXO token might see price escalations.

However, market dynamics, competition, and regulations could be potential barriers. Remember, historical data can guide but not predict the future.

It’s advised for potential investors to conduct their research or seek expert advice.

What is Nexo?

Nexo is a cryptocurrency-based platform that offers financial services aimed at bridging the gap between traditional banking and the digital asset world. The platform provides two primary services:

Crypto-backed Loans: Users can deposit their cryptocurrencies as collateral and receive instant fiat or stablecoin loans. This allows crypto owners to access liquidity without selling their assets. The loan amount is determined based on the value of the deposited cryptocurrency, and if the loan isn't repaid or if the crypto's value decreases significantly, some of the collateral might be sold to cover the loan.
Interest-Earning Accounts: Users can deposit certain cryptocurrencies or stablecoins with Nexo and earn interest on their holdings. These interest rates can be competitive when compared to traditional banking savings accounts.

The NEXO token serves multiple purposes, including earning dividends and securing better loan rates.

Who invented Nexo?

Nexo was conceptualized and brought to life by Antoni Trenchev, Kalin Metodiev, and Kosta Kantchev. Their vision was to bridge the traditional financial world with the revolutionary crypto space.

How Nexo works

Nexo is a platform designed to provide instant crypto-backed loans and earn interest on crypto deposits. Here's a breakdown of how Nexo works:

Crypto-backed Loans:

Deposit Crypto: Users deposit their cryptocurrency as collateral to the Nexo platform. Nexo currently accepts a range of cryptocurrencies, including Bitcoin, Ethereum, and many others.
Instant Loan: Once the crypto is deposited, users can immediately access cash or stablecoin loans. The amount one can borrow depends on the loan-to-value (LTV) ratio, which is determined by the value of the deposited crypto.
Repayment: Users can repay their loans using either fiat money, cryptocurrency, or even the NEXO token itself. If using the NEXO token, users may receive interest rate discounts.
Withdrawal: After repaying the loan, users can withdraw their collateral. If the loan is not repaid or if the collateral's value falls drastically, a part of the collateral might be sold to cover the loan.

Earning Interest:

Deposit: Users can deposit certain cryptocurrencies and stablecoins into Nexo's interest-earning accounts.
Earn Interest: Once deposited, these funds start accruing daily interest. The interest rate varies based on the type of cryptocurrency and other factors.

Withdrawal: Users can withdraw their funds, along with the earned interest, at any time without penalties.

NEXO Token:

Dividends: NEXO token holders are eligible to receive dividends from the platform's profits, depending on the amount of NEXO they hold and other factors.
Loan Discounts: Using the NEXO token to repay loans can provide users with discounted interest rates.