Nexo (NEXO) is a prominent digital asset in the cryptocurrency ecosystem, known for its utility within the Nexo platform, which offers crypto-backed loans and interest-earning accounts. This article provides a detailed look at NEXO's current price, market data, historical performance, and future outlook, serving as a resource for investors and enthusiasts.
Real-Time NEXO Price and Market Data
As of the latest data, the live Nexo (NEXO) price is ¥8.77. The 24-hour trading volume stands at ¥1.4 million, reflecting active market participation. NEXO's market capitalization is approximately ¥8.77 billion, accounting for a market dominance of 0.034%. Over the past 24 hours, the price has experienced a modest increase of +0.69%.
Detailed Price Metrics
Key price indicators provide insights into NEXO's recent market activity:
- 24-Hour Trading Volume: ¥1.4 million.
- All-Time High Price: ¥29.3.
- 24-Hour High: ¥8.85.
- All-Time Low Price: ¥0.325.
- 24-Hour Low: ¥8.64.
Market Capitalization and Supply
NEXO's market metrics offer a view of its valuation and tokenomics:
- Market Cap: ¥8.77 billion.
- Fully Diluted Market Cap: ¥8.77 billion.
- Market Cap to Fully Diluted Ratio: 100%.
- Market Sentiment: Neutral.
- Circulating Supply: 1 billion NEXO.
- Total Supply: 1 billion NEXO.
- Max Supply: 1 billion NEXO.
NEXO Historical Price Performance
Analyzing historical price trends helps contextualize current valuations. NEXO has shown varied performance across different time frames:
- Past Hour: A slight decrease of -0.31%.
- Past 24 Hours: An increase of +0.69%.
- Past 7 Days: A positive change of +2.94%.
- Past 30 Days: A decrease of -2.79%.
- Past Year: An overall gain of +4.76%.
This volatility is common in digital asset markets and underscores the importance of monitoring trends.
NEXO Price Predictions and Future Outlook
Long-term price predictions are based on analytical models and market trends, though they are speculative. Forecasts suggest an average price of approximately ¥8.75 for 2025, with potential fluctuations between a low of ¥5.77 and a high of ¥9.71. Looking further ahead, projections indicate a potential price of around ¥44.31 by 2035, which could represent a significant return from current levels.
| Year | Predicted Low | Predicted High | Predicted Average | Potential Change |
|---|---|---|---|---|
| 2025 | ¥5.77 | ¥9.71 | ¥8.75 | -- |
| 2026 | ¥6.00 | ¥9.60 | ¥9.23 | +5.00% |
| 2027 | ¥8.38 | ¥11.96 | ¥9.41 | +7.00% |
| 2028 | ¥6.09 | ¥13.57 | ¥10.69 | +21.00% |
| 2029 | ¥8.37 | ¥16.98 | ¥12.13 | +38.00% |
| 2030 | ¥13.97 | ¥17.47 | ¥14.56 | +66.00% |
| 2031 | ¥11.05 | ¥23.54 | ¥16.01 | +82.00% |
| 2032 | ¥18.00 | ¥26.90 | ¥19.78 | +125.00% |
| 2033 | ¥17.97 | ¥33.14 | ¥23.34 | +166.00% |
| 2034 | ¥24.00 | ¥34.17 | ¥28.24 | +222.00% |
| 2035 | ¥28.40 | ¥44.31 | ¥31.21 | +255.00% |
It is crucial to remember that these forecasts are not guarantees. The cryptocurrency market is influenced by a wide array of factors, including global regulations, technological advancements, and overall market sentiment. 👉 Explore more strategies for comprehensive market analysis.
Frequently Asked Questions
What is Nexo (NEXO) used for?
NEXO is the native utility token for the Nexo platform. It provides holders with benefits such as discounted interest rates on loans, higher yields on savings products, and dividends from the platform's profits. Its primary use case is within its own ecosystem for financial services.
How is the price of NEXO determined?
Like most cryptocurrencies, the price of NEXO is determined by supply and demand on various exchanges. Factors influencing its price include platform adoption, overall crypto market trends, updates to the Nexo service, and broader economic conditions.
What does "fully diluted market cap" mean?
Fully diluted market cap is a metric that calculates a cryptocurrency's market capitalization if all tokens in its maximum supply were already in circulation. For NEXO, since the max supply is already circulating, its market cap and fully diluted market cap are identical.
Are long-term price predictions for NEXO reliable?
While analytical predictions provide a useful framework, they are inherently speculative. They are based on current data and models but cannot account for unforeseen future events. They should be used as one of many tools for research, not as a sole guide for investment decisions.
Where can I securely track NEXO's price?
Numerous reputable cryptocurrency data websites and portfolio trackers offer real-time price information, charts, and market data for NEXO. Always ensure you are using well-known and secure platforms for your market research.
What does a 'neutral' market sentiment indicate?
A neutral market sentiment suggests that the current market data and indicators are not strongly favoring either a bullish (price rising) or bearish (price falling) outlook in the short term. It often indicates a period of consolidation or uncertainty among traders.