NEXO Price Prediction: Is NEXO Coin a Good Investment?

In 2021 the crypto market saw the rise of the DeFi projects across the industry. Some of them attracted more attention thanks to the active improvements and collaborations. One of them is Nexo, the platform that offers users the loans for the crypto deposits and also provides the NEXO token holders with more financial advantages. Read our NEXO coin price prediction to decide if you should invest in the asset.

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NEXO Fundamental Analysis

Project name
NEXO
Stock Symbol
NEXO
Current Price
1.3557787
Current Supply
1000000000
ROI Since Launch
1257.359717145971
Official Website

Nexo is an all-in-one blockchain platform that allows the secure storage of digital assets. It is also the largest lending institution in the world in the Digital financial industry. It was founded in 2018 with the goal to bring professional financial services to the world of digital assets. By now Nexo manages the assets for over 4 million users across 200 jurisdictions.

The vision of Nexo crypto is the creation of innovative, convenient, sustainable solutions. Pioneering in a new digital financial system, Nexo sees the future of the financial world with all the assets being on-chain tokenized while the people can transfer and manage their funds efficiently and securely. 

With Nexo, users can deposit one of the numerous accepted tokens as a collateral and receive a loan in fiat or stablecoins. It has a native token called NEXO that can be locked on the platform and thus provide discounts on interest accumulated on loans and also the chance to receive interest payments on funds deposited. The platform uses smart contracts to record the balances and record Nexo. 

Nexo allows its users to earn interest up to 17% ARP by keeping the assets on the platform. Nexo offers zero transaction fees, top-tier insurance, daily payouts, and flexible earnings that depend on the cryptocurrency. The project is marketed to any user or organization that wants liquidity from their assets.

Additionally, those who keep NEXO in their accounts can benefit from preferential interest rates on loans and higher yields on savings. 30% of the company’s profits are distributed as dividends to the token holders. 

To guarantee the security of the assets, Nexo stores the assets with BitGo, so the tokens are kept in cold storage wallets and covered with $100 million insurance. Additionally, as NEXO is an ERC-20 asset, all the transactions are secured by the Ethereum mainnet.

Recently the project, together with Mastercard, has launched the first-ever crypto-backed payment card. 

NEXO Live Price Chart

The bull rally at the end of spring 2021 helped NEXO to reach its all-time high of $4.07 in early May. But the price dropped dramatically after just 2 weeks and the token dipped to $1.4 on May 23. It stayed low as the bearish trends approached the market and till the middle of June the asset was not going higher than $1.6. 

As the bearish tendencies straightened, the NEXO coin was pulled off even further and for the next month sustained around the level of $1.4-$1.6. At the end of July, the price of Nexo crypto started to recover. It reached the highest point of $2 on August 7 and then stayed around $1.8-$1.9 till the beginning of September when it dropped to $1.5 and continued to fall.

As the crypto market was going bullish in October, the NEXO coin also recovered some value in the first 2 weeks and then skyrocketed to $2.7 on October 23. It was rising for the next 3 weeks and reached $3.4 on November 15. 

Despite the fact that from the middle of November the NEXO coin was in a downtrend falling from $3.4 to $2.4 by the end of the year it still increased by around 300% during 2021. 

NEXO started 2022 with developments and collaborations that preserved its price during the big bearish run. At the beginning of the year, the asset was traded at around $2.3-$2.4. On January 5 the company announced a partnership with the Crypto Association in the UK. Even though it didn’t affect the coin price much at the moment, it adds up to the asset's liquidity. At the end of January, the asset went down to $1.7. 

During the last week, the price of NEXO was slightly declining and the asset has lost 1% of its value. NEXO token price prediction is optimistic and most of the market experts consider it a good long-term investment. They expect the coin price to increase by 30% during 2022. Considering the recent collaboration with Mastercard, the NEXO price is expected to go up in the coming weeks.

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NEXO Technical Analysis

Despite the fact that 100% accurate technical analysis for NEXO cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated NEXO buy-and-sell rating for selected timeframe. The summary for NEXO/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.

NEXO Price Prediction

Below we have collected the most reliable price projections for NEXO (NEXO) from popular forecast platforms.

NEXO Price Prediction for 2022

As of NEXO price predictions for the rest of 2022, there are divergent opinions. PricePrediction.net expects an upturn towards $1.64, and WalletInvestor echoes with ~$1.985 by the year’s end. Other experts, for example, from TradingBeast, are more pessimistic about NEXO’s future price, citing numbers downwards of $0 in December.
Potential ROI: -11% Sell

NEXO Price Prediction for 2023

In their NEXO price predictions for 2023, PricePrediction.net’s forecasts the coin’s price to go above $2.27 by December. Forecasting NEXO's future, WalletInvestor expects further growth, too, saying the NEXO price will reach ~$2.853 by that time. On the contrary, TradingBeast keeps predicting NEXO price decline, quoting prices around ~$0 in 2023.
Potential ROI: 26% Buy

NEXO Price Prediction for 2024

NEXO price predictions for 2024 are still predominantly positive, with some analysts promising prices in the $3.27–$3.835 range (PricePrediction.net, WalletInvestor), while TradingBeast takes a different view and cites the possibility of the price reaching $0 in December 2024.
Potential ROI: 75% Buy

NEXO Price Prediction for 2025

PricePrediction.net has only optimism in store for the 2025 NEXO price prediction, valuing NEXO at $4.75 by the end of 2025. WalletInvestor agrees with a positive forecast and predicts, in turn, $5.163 for the same period. On the other hand, TradingBeast’s team is more pessimistic — their NEXO price prediction for December of this year is just $0.
Potential ROI: 144% Buy

NEXO Price Prediction for 2030

Speaking of long-term NEXO price predictions for 2030, experts present two polar opinions. WalletInvestor expresses the view that NEXO price will grow further and eventually reach $10.17111 by the end of the decade. PricePrediction.net’s price prediction for NEXO echoes with the projection of an uptrend to $31.06. Despite this, TradingBeast’s vision remains not so positive, promising a downfall to $0.
Potential ROI: 914% Buy
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Summary

As it can be clear from the analysis cited above, NEXO (NEXO) projections are rather contradictory. There is no universal consensus either about positive or negative future NEXO price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the NEXO projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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