Experts believe that the growth of crypto is just beginning. What makes this ecosystem so efficient is the blockchain technology behind it. Blockchain and cryptocurrencies are giving people a new way to function and execute their day-to-day activities.
Moreover, some platforms using blockchain technology are even playing the role of banks, lending out cryptocurrency-backed credit. Among many benefits that such services have, the best one sure is the fact that these credit lines are given in an instant. Who doesn’t love a quick credit that you can back using crypto?
One of the best platforms that offer such services is Nexo – a blockchain-powered platform that allows you to get a credit line using crypto. With some of the best interest rates in the market, Nexo truly dominates the crypto space for such services.
What is the NEXO Token (NEXO)?
Before we dig deeper into Nexo, let us touch upon the native token of this platform, NEXO. According to CoinMarketCap, NEXO joined the market back in mid-2018. The team of this project is made up of finance professionals with a handful of crypto enthusiasts to spice things up. Through this combination, the team of Nexo successfully fused blockchain technology and cryptocurrencies with traditional finance. They were the first ones to allow people to get credit line against their crypto, paving the way for all of the crypto lending platforms we know today.
Of course, this is the result of a team with more than 30 years of combined experience in financial services. At the time of writing, the Nexo platform has more than 4 million users and manages just over $12 billion in assets.
First, let’s talk about the supply of NEXO. There are only going to be 1 billion NEXO Tokens in existence. Out of those 1 billion tokens:
- 52.5% goes towards the public/investors
- 25% goes towards Nexo’s overdraft funding reserves
- 11.25% goes towards the founders and the team
- 6% goes towards the community
- 5.25% goes towards legal costs, marketing, and advisors
Nexo has also launched a Buyback program for their native token. This program will go on until $100 million worth of NEXO is bought back by the team. The team claims that this will help reduce volatility, boost liquidity, and have a positive effect on its price.
To incentivize investors, Nexo has a loyalty program. The more tokens you have on their platform, the more benefits you reap. There are four tiers that you can climb depending on how many NEXO tokens you own.
|0%-1% NEXO Tokens||1%-5% NEXO Tokens||5%-10% NEXO Tokens||>10% NEXO Tokens|
|0.00% Cashback||0.10% Cashback||0.25% Cashback||0.50% Cashback|
|13.9% Borrowing Rate||12.9% Borrowing Rate||8.9% – 1.9% Borrowing Rates||6.9% – 0% Borrowing Rates|
Crypto Academy Nexo (NEXO) Price Prediction
Here at Crypto Academy, we always do our own research before making any investment, and we suggest you do so too. To make our price prediction for NEXO, we did thorough research on their platform and their services. Moreover, we did multiple analyses of NEXO and its price movement throughout the years.
Nexo (NEXO) Price Prediction 2022
This year has not been treating the crypto market as well as the years prior. As the world is going through difficult times, the crypto market, along with most other markets, is getting quite a hit. By the end of the year 2022, the NEXO token could hit a trading value of $4.80, at most. If the market does not turn bullish at all, however, NEXO might be left with a yearly high of $3.00.
Nexo (NEXO) Price Prediction 2023
After 2022, NEXO might begin to get even more bullish. Before the bull run in 2021, NEXO was left unnoticed by investors. We believe that this project has yet to reach the amount of attention that it deserves. The year 2023 could potentially be good for NEXO, which is likely to experience small but positive price movements. By the end of the year 2023, NEXO may be trading at a price of $5.30-$6.60. Even if the market becomes bearish, we believe that NEXO is likely to not get affected as much.
Nexo (NEXO) Price Prediction 2024
The year 2024 is the year when the next Bitcoin halving will happen. This event indicates that Bitcoin mining rewards got halved. Additionally, this event often has a positive effect on the market. Throughout the years, Bitcoin halving meant the beginning of a new bull run. This is likely to be the case once again. Although this bull run might not be as big as the last one, it still is going to drive the market to set new standards. By the end of 2024, NEXO might set a new all-time high as it could surpass the $10.00 milestone.
If things go as expected, NEXO might go even higher, possibly ending the year 2024 with a yearly high of $11.50.
Nexo (NEXO) Price Prediction 2025
The market often gets even more bullish the year following the Bitcoin halving. After the 2016 halving, the market got extremely bullish during 2017. Similarly, after the 2020 halving, the market got extremely bullish during 2021. This does not mean that the same will necessarily happen in 2025, however, Bitcoin halving makes the process of obtaining Bitcoin even harder, and that usually leads to investors purchasing higher amounts of it. This is likely to affect the overall market performance.
As for NEXO, this token may reach a new all-time high once again by potentially hitting a trading value between $19.10-$21.50.
Nexo (NEXO) Price Prediction 2026
After experiencing some extremely volatile years, the cryptocurrency market may become more stable. This is because, by then, most experts predict that the market will be way larger than today in terms of market capitalization. The larger the market cap of the whole crypto space, the more money is needed to make the prices move at % we see today. So, as the market becomes bigger, it becomes more stable. Therefore, we believe that NEXO is likely to end the year 2026 with a price of +-10% of the price that it had at the start of 2026.
Nevertheless, we must note that the solution that Nexo gives is one of the most demanded ones. So, this might have a positive effect on the price, especially in the long run.
Nexo (NEXO) Market Prediction
After presenting our own prediction for the possible future price of Nexo, we will look at some other price predictions of Nexo. However, you should know that, at the time of writing, the overall crypto market is quite uncertain, so the predictions that use algorithms are usually uncertain as well.
CryptoNewsz is one of the many websites that present price predictions for cryptocurrencies and tokens. One of the recent cryptos that this platform has covered is Nexo. After talking about some of the fundamentals of this crypto project, CryptoNewsz jumps right into the price prediction. According to their price prediction, NEXO is likely to end the year 2022 somewhere around the $2-$3 price target. Moving on, they believe that this token is likely to hit a trading value way higher than the price in 2022. However, they predict it will likely crash to $3.61 by the end of the year.
As for the long term, CryptoNewsz believes that NEXO is going to possibly hit a trading value of $4.62 by 2025. Moreover, their prediction shows NEXO back to $4.59 by the end of 2026. These predictions are more technical than fundamental, however, that has proven to be inefficient in long-term predictions.
Similar to CryptoNewsz, Wallet Investor is a website that provides price forecasts for different cryptocurrencies. However, though, this website uses algorithms for presenting its predictions. This means that current market trends have a high effect on how the predictions are presented. For the short term, Wallet Investor predicts that NEXO is likely to end the year 2022 with a trading value between $2.31-$2.90. To add to that, this prediction shows NEXO trading at a price of $6.85 by the end of 2025.
According to Wallet Investor, NEXO could have a trading value of $9.47 five years from today. However, if the market is less bullish than expected, Wallet Investor claims that this token might be trading between $5.00-$7.40 during that time.
One of the youngest and growing crypto Youtubers, Altcoin Radar, also made a prediction for NEXO. To begin his video, Altcoin Radar begins talking about Nexo and stuff like its maximum supply, its all-time high, its market capitalization, and so forth. At the end of the video, Altcoin Radar begins calculating some possible market capitalizations for NEXO. For his long-term price prediction on NEXO, Altcoin Radar states that he believes NEXO could hit a trading value of $7.60.
Conclusion: Will NEXO Reach $10?
Yes. According to our price prediction, NEXO is likely to reach the price of $10 by the end of 2024. This crypto project has all the elements needed for it to skyrocket. Moreover, NEXO has been around for several years.
How to Buy Nexo (NEXO)?
You can buy Nexo in three simple steps. First, you need to create an exchange account, then fund it, and to conclude, use those funds to purchase NEXO. For the sake of this article, we will use Huobi Global to explain the process of purchasing this token.
Step 1: Create an Exchange Account
The first step toward purchasing Nexo on a centralized exchange is creating an exchange account. Creating an account on Huobi Global is easy and you can open an account using an email or a phone number. After beginning the process of creating an account in Huobi, you can also verify yourself for more benefits.
Step 2: Fund Your Account
Now that you have created your account, you must fund it so that you can buy NEXO. The Huobi Global exchange supports more than 57 fiat currencies and 60 payment methods. Moreover, it has more than 348 listed cryptocurrencies which you can purchase using the funds you deposit. Other than the traditional payment methods, you can also deposit funds using a Peer-to-Peer (P2P) transaction.
Step 3: Buy NEXO
After creating and funding your Huobi Global account, you are all set to purchase Nexo. To do so, simply locate the “Markets” tab and click on it. Now, search for a market pair including NEXO. At the time of writing, Huobi Global offers three market pairs for NEXO, them being NEXO/BTC, NEXO/ETH, and NEXO/USDT. Choose the market pair that fits your purchase, and execute the trade.
Frequently Asked Questions (FAQ)
Where to Buy Nexo?
At the time of writing, you can purchase NEXO on the Nexo platform, Binance, Huobi Global, Bitfinex, FTX, ByBit, BitStamp, ProBit Global, BitMart, CoinEx, Pionex, Bibox, BKEX, Hoo, Bitget, and HitBTC. As for decentralized exchanges, you can use Uniswap or the Binance DEX to acquire NEXO.
Is Nexo Legitimate?
Yes. Nexo is safe and legitimate. Although Nexo is not a U.S. company, it keeps the funds safe. Private keys are entrusted to BitGo and are held in military-grade Class III vaults and carry $100M in insurance protections. All client assets are lent to institutions on an over-collateralized basis only. Its token, NEXO, has performed nicely during the last three years, and the community around it has grown.
What is Better – Celsius or Nexo?
Nexo. Although they have some similar services, Nexo is better because they offer higher rates on Bitcoin and altcoins for top-ups. However, though, we must note that Celsius supports more cryptocurrencies than Nexo. This does not mean that using Celsius is better than Nexo, though, since most of Nexo’s services are more beneficial than those of Celsius.
- One of the best platforms to offer crypto-backed credit lines is Nexo. They have one of the highest return rates in the market.
- The native token of this platform, NEXO, is one of the top 100 biggest cryptocurrencies regarding market capitalization.
- NEXO has a maximum supply of 1 billion. They distributed around 52.5% of the supply through a public sale.
- Our price prediction shows NEXO possibly hitting a trading value of $3.00 by the end of 2022. For the long term, we believe that this token could hit a price over $20.00 by 2026.
- Among several other exchanges, you can buy NEXO on the Nexo platform, Binance, Huobi Global, FTX, and Uniswap.
- All in all, investing in Nexo might prove to be a great investment.