It’s true that Nexo was a great disappointment for investors in 2019. NEXO price went down from $0.074515 on January 1st 2019 to $0.097144 on December 31 2019. However, it is worth monitoring our Nexo price prediction algorithm: Nexo might still have investment potential if not short term in 2020, then long-term. If you look for good return in 3 to 5 years, NEXO might be the coin to watch closely now.
The current Nexo price is $0.106693, its circulating supply is 560 000 011 NEXO. Our algorithm predicts that based on historical data Nexo price will be at $0.127175 in 1 week and $0.151456 in 1 month. Our deep learning algorithm predicts the NEXO price will be at $0.156168 in 6 months. Analysis of the cryptocurrency market shows that Nexo price may reach $0.287359 by 1st of January 2021 driven by the potential interest from large institutional investors and more regulation expected in the field of digital currencies. The system predicts that NEXO will stay around $0.259151 in 2020, $0.287359 in 2021, $0.303369 in 2022, $0.348058 in 2023 and $0.387109 in 2024.
While creating the Nexo prognosis our script has revealed strong fluctuations during the last 180 days. The highest possible predicted price in 180 day period is $0.156168 and lowest possible predicted price is $0.117849.
The current market dynamics creates the impression that investors' interest in cryptocurrency market has faded away, which may not be the case. Cryptocurrencies that truly deliver value will not vanish, they will continue to grow – and Nexo has the potential to stay within "survivors" team. Our Nexo short-term and long-term prediction charts will help you choose the right entry time and create a proper exit plan.
Keep a close look on our Nexo Price Prediction Forecast Tool to get daily, weekly, monthly and yearly Nexo forecast updated daily. You can also check other cryptocurrency price prediction here.
What is the current price of Nexo (NEXO)?
The current price of Nexo is $0.106693.
What is the current market capitalization of Nexo (NEXO)?
The current market capitalization of Nexo is $59 748 103.
What will be the price of Nexo (NEXO) Tomorrow?
Our algorithm forecasts that the price of Nexo will reach $0.110334 tomorrow.
In 1 year from now what will 1 Nexo be worth?
As per the forecast and algorithmic analysis, the the price of 1 Nexo will be around $0.259151.
Is it profitable to invest in Nexo (NEXO)?
The investment period is the number 1 decisive factor here. Based on last year price data the system would put "With Caution" investment status for Nexo (NEXO) as a short term investment. Nexo can get a "Profitable" investment status based on our prediction algorithm with long term investment horizon of 3 to 5 years.
Will Nexo be growing in the Future?
Nexo is potentially one of the most profitable among digital coins.
How high can the Price of Nexo go?
Our algorithm forecasts that the price of Nexo will reach $0.387109 by 2023.
Is Nexo (NEXO) flashing a "Buy" signal now?
Yes, our algorithm predicts it's the right time to buy Nexo now.
NEXO is a sound altcoin both fundamentally and in terms of price action. The coin has been moving up and down by 15% or more over the last three months, which gave me an opportunity to engage in a rather profitable swing trading. Right now, NEXO should go into a correction mode after having broken the resistance at $0.112. I reckon that's the top for now, so I sold all my NEXO holding and will wait for a correction.
Nexo is a good altcoin that's probably get overlooked by the majority of traders simply because it's on the wrong side of Coinmarketcap's top 100. Regardless of that, Nexo has really great fundamentals: it is a viable staking platform that pays due dividends in full, and it offers nice deals on instant loans. I am not ready to acquire this coin just yet, but it surely has a place in my plans for future trading.
NEXO isn't just another lending platform. It's partnered with BitGo. Those that don't know what BitGo is: It's the banking and custodial service that Kraken, CME group, pantera capital, and many more use to store their digital coins. It doesn't take a genius to realize that NEXO is the real deal. This coin has military grade encryption, and is one of the most secure networks in the world. This is a gem, and it's steadily climbing on CMC. This coin won't be so unknown for long.
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