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- 1 The Nexo token price surged 0.16% in the past 24 hours and was at $0.898 at the time of writing.
- 2 The Nexo crypto price witnessed an upthrust in recent sessions and then the price bounced from the recent support.
Nexo is a leading company in the digital asset industry. It offers various products to help customers use and trade digital assets. It also has an investment arm with many portfolio companies. Nexo has many happy users around the world.
Nexo has its own token, “NEXO”, which gives benefits to holders. It is based on Ethereum and can be traded freely. It proves that it has more assets than liabilities at all times.
The token is quite secure and reliable. It has never lost any client funds since 2018. It works with trusted partners for custody. This token has a security certification and many features to protect users. It has many licenses and follows a strict policy on lending. Nexo aims to protect its clients and be sustainable.
Nexo Crypto Price Technical Analysis
The Nexo price showcases the continuation of a bullish trend after the retest of the recent support zone. The bulls have firmly established their presence near the support which helped the price bounce back.
The price prevailed in a positive long-term trend which added confidence to the buyers and the price jumped near the recent swing. Currently, the price shows a short-term consolidation signifying further upside potential after the breakout.
The EMAs imply a bullish outlook in the long term. Also, the EMAs are showing a bullish crossover indicating a positivity in the trend. At the time of writing, the RSI line hovers above the mean line indicating buyers’ strength.
Nexo Price Prediction 2023
The price prediction for 2023 showcases a neutral to bullish outlook in the short term. The most optimistic price forecast of the analysts expects a price hike of 8.48%. This cryptocurrency’s price could advance to a high of $0.974 by the year-end. However, the pessimistic view of analysts predicts that the price could drop to $0.817.
Nexo Price Prediction 2024
As per our analysts, the most optimistic target that the Nexo token may achieve is $1.919; suggesting an upside potential of 113.2% from the CMP. The average analyst price target to be attained is $1.570 by the end of 2024. However, the pessimistic view of analysts expects the price to reach $1.312.
Nexo Price Prediction 2025
According to the most optimistic analysts’ projections, the NEXO price could reach up to $2.78 in the next three years as its highest value. The price may surpass the $2.26 mark according to the average forecast of the analysts. The minimum forecasted price by the end of 2025 is $1.857.
Nexo Price Prediction 2026
The price analysis for the year 2026 shows that the NEXO cryptocurrency may achieve $3.9213 as the highest price. The bearish view of the analysts expects the price to reach a low of $2.780 by 2026.
Nexo Price Prediction 2027
The most bullish analysts foresee a potential value of $5.354 by the year 2027. A minimum price target that the NEXO crypto may achieve by 2027 is $3.677.
Nexo Price Prediction 2028
The price forecast of the Nexo crypto shows that it may reach a high of $7.793 by 2028 if the most optimistic condition prevails. By 2028, the analysts’ lowest forecast for Nexo is $5.110.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.
