Sunday, November 27, 2022
 

Nexo (NEXO) Price Prediction: Will NEXO Price Reach $3 in 2022?

  • Bullish NEXO price prediction ranges from $1.21 to $2.69.
  • NEXO price might also reach $3 this 2022.
  • NEXO’s bearish market price prediction for 2022 is $0.50.

Nexo is an Ethereum-based platform that was started in 2017. Its native token is denoted as NEXO and is present in the Ethereum blockchain, Binance Chain, and Polygon blockchain.

Nexo investors are bullish on the token since it has a return on investment (ROI) of over 24 times in the past four years. The crypto bubble in 1 led to an increase in the price of NEXO to its present all-time high (ATH) of $4.63, attained in November 2021. Irrespective of the recent crypto winter, NEXO investors are confident that the future of NEXO is bullish.

If you are interested in the future of Nexo (NEXO) and want to know the price analysis and prediction of NEXO for 2022, 2023, 2024, 2025, 2026, and up to 2030, keep reading this CoinEdition article.

What is Nexo (NEXO)?

Nexo is an Ethereum-based loan platform that was created in 2017. It has Antoni Trenchev, Georgi Shulev, and Kosta Kantchev as cofounders. Its native token was launched in April 2018.

Users of the Nexo loan platform can download recent instant loans in fiat currencies and other stablecoins by first depositing Bitcoin and other altcoins such as Ethereum (ETH), Litecoin (LTC), and Ripple’s native token XRP.

Dividends can also be earned as interest by depositing Nexo native token NEXO into your account. With its limited maximum supply of 1 billion NEXO tokens over 5 million platform users, early holders could soon gain its dividend from the 30% revenue the loan platform distributes to NEXO holders.

Old users can also earn affiliate rewards by referring other users to the platform who deposit at least $100 worth of the asset. This gives both users a $25 price of Bitcoin (BTC). The intelligent platform contract manages the loan on the Ethereum blockchain.

Some of the products of the Nexo platform include buying crypto with a credit card, Nexo Booster, which enables users to acquire three times the amount of crypto in their account, earn interest which gives daily dividends to users, and Nexo exchange which allows users to swap to over 300 cryptocurrencies on the business and Nexo card which enables users to spend their crypto without selling it.

Nexo (NEXO) Current Market Status

The maximum supply of NEXO is 1 billion NEXO, while its circulating supply is 560,000,011 NEXO, according to CoinMarketCap. At the time of writing, NEXO is trading for $1.11, representing a 24 hours increase of 10.91%. The trading volume of NEXO in the past 24 hours is $81.9 million, which means a 169% increase.

Some top cryptocurrency exchanges for trading Nexo (NEXO) are Binance, FTX, Huobi Global, Gate.io, Bitfinex, and others.

Now that you know what NEXO is and its current market status, we shall discuss the price analysis of Nexo (NEXO) for 2022.

Nexo (NEXO) Price Analysis 2022

Currently, NEXO is ranked in the 69th position on CoinMarketCap. Will developments and upgrades within the Nexo community lead to a rise in the price of Nexo (NEXO)? We shall see in this CoinEdition price analysis 2022 article.

Nexo (NEXO) Price Analysis- Keltner Channel

NEXO/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)
NEXO/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)

Keltner Channel is a technical analysis indicator used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for Nexo (NEXO), it could be seen that the present bullish run could continue since the recent candlesticks are within the first half of the chart from the top. Also, since the last candlestick is bullish, the present increase in the price of NEXO might be sustained before any reversal would be expected.

Nexo (NEXO) Price Analysis- Relative Strength Index

NEXO/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)
NEXO/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)

The Relative Strength Index (RSI) is a technical analysis indicator that measures the relative momentum in the magnitude and speed of recent price changes of an asset to deduce if it is an oversold or overbought asset. The RSI value of the Nexo (NEXO) 1day chart of NEXO/USDT is 66.21.  This shows that NEXO is showing a strong trend between 50 and 70. This value could trigger a further bullish run if more buyers could be attracted to gain from the expected price increase to the 70 RSI value, which is the overbought region, before any price correction soon.

Nexo (NEXO) Price Prediction-Moving Averages

NEXO/USDT 4-Hour Chart Showing 200-MA and 100-MA (Source: Tradingview)

The chart above shows the 4-Hour NEXO 200-day and 100-day Moving Average (MA) chart. As indicated in the recent uptrend, NEXO is on a bullish trend. Since the 200-MA is below the 100-MA, we can deduce that the price is bullish for long-term hodlers.

Also, since the gap between the moving averages is wide and below the recently formed candlesticks, the price of Nexo (NEXO) might experience a significant rise or fall in the future.

Nexo (NEXO) Price Prediction 2022

NEXO/USDT 1Day Chart (Source: Tradingview)
NEXO/USDT 1Day Chart (Source: Tradingview)

By looking at the daily chart of NEXO/USDT, NEXO price was swinging from $1.40 resistance2 to $1.21 resistance1 after touching the support levels of $0.89 and $0.67. It reversed from the support level of $0.89 and now going sideways in the market and is expected to be bullish in the coming weeks.

Meanwhile, our long-term NEXO price prediction for 2022 is bullish since it cannot break the present support level soon. We can expect NEXO to reach $3 in 2022.

Nexo (NEXO) Price Prediction-Resistance and Support Levels

NEXO/USDT 1Day Chart (Source: Tradingview)
NEXO/USDT 1Day Chart (Source: Tradingview)

This bullish chart shows that the price of NEXO has increased by 52.7% in the past 30 days. If this price decrease reverses, NEXO could break the $1.21 resistance1 level, move higher to $2.69 at the resistance6 level, and even higher, the bullish signal for 2022.

However, if sellers have their way, the price of NEXO might be dethroned from its present uptrend position. In simpler terms, NEXO might trend below the $0.50 support3 level and even lower in 2022, a bearish signal.

Nexo (NEXO) Price Prediction 2023

If the value of the NEXO’s relative strength index (RSI) is at least 60, by the end of 2022, the bulls and investors will be in charge. This could spill over into the first half of 2023, which could make the price of Nexo (NEXO) trade around $5 by the end of 2023.

Nexo (NEXO) Price Prediction 2024

The positive sentiments that come with the news that Bitcoin halving could directly impact the price of the Nexo tokens. Since 2024 is a year of Bitcoin halving, and most cryptocurrencies respond in the same trend as Bitcoin, we could see the cost of NEXO trade at $10 by the end of 2024.

Nexo (NEXO) Price Prediction 2025

By the end of 2025, the price of Nexo (NEXO) could rise to $30. This is because of the price surge a year after Bitcoin halved. Also, considering that more developments will be introduced into the Nexo platform to ensure that its users are relatively increasing, this price target could be attained.

Nexo (NEXO) Price Prediction 2026

With the number of NEXO hodlers on the increase and the growing sentiment about cryptocurrencies, NEXO has the possibility of holding most of its recent gains and consolidating. Hence, the price of NEXO could trade around $25 by the end of 2026 due to the bear market that serves as a market correction after a strong bullish run.

Nexo (NEXO) Price Prediction 2027

By the end of 2026, most investors will be preparing for a possible trend reversal in the direction of the bulls. This is due to the possibility that the market has attained its minimum support level. The price of NEXO could surge to $50 by the end of 2027.

Nexo (NEXO) Price Prediction 2028

In 2028, there will be Bitcoin halving. Hence, the consolidating market in 2027 could be followed by a bullish run. This is due to the impact of news surrounding any year of Bitcoin halving. It is, therefore, possible that the market could attain higher high values. Nexo (NEXO) could hit $70 by the end of 2028.

Nexo (NEXO) Price Prediction 2029

By 2029, there could be much stability in the price of most cryptocurrencies that had stayed for over a decade. This is due to implementing some of the lessons learned to ensure their investors retain the project’s confidence. This impact, coupled with the price surge that follows a year after Bitcoin halving, could surge the price of NEXO to $150 by the end of 2029.

Nexo (NEXO) Price Prediction 2030

The cryptocurrency market experienced high stability due to the holding activities of early investors so as not to lose future gains in the price of their assets. We could expect the price of Nexo (NEXO) to trade around $200 by the end of 2030, irrespective of the previously bearish market that followed a market surge in the earlier years.

Conclusion

As said above, NEXO might reach $3 in 2022 and $200 by 2030 if investors have decided that NEXO is a good investment, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

What is Nexo (NEXO)?

NEXO is the native token of the first digital loan platform Nexo. It is an ERC-20 token.

How to buy Nexo (NEXO) Token?

Like other cryptocurrencies, Nexo (NEXO) can be traded in cryptocurrency exchanges like Binance, Huobi Global, FTX, Gate.io, and others.

Will NEXO Token surpass its present ATH?

NEXO has a low possibility of surpassing its present all-time high (ATH) price of $4.63 in 2022.

When was the Nexo token launched?

It was launched in April 2018.

What will be the Nexo (NEXO) price by 2023?

Nexo (NEXO) price is expected to reach $5 by 2023.

What will be the Nexo (NEXO) price by 2024?

Nexo (NEXO) price is expected to reach $10 by 2024.

What will be the Nexo (NEXO) price by 2025?

Nexo (NEXO) price is expected to reach $30 by 2025.

What will be the Nexo (NEXO) price by 2026?

Nexo (NEXO) price is expected to reach $25 by 2026.

What will be the Nexo (NEXO) price by 2027?

Nexo (NEXO) price is expected to reach $50 by 2027.

What will be the Nexo (NEXO) price by 2028?

Nexo (NEXO) price is expected to reach $70 by 2028.

What will be the Nexo (NEXO) price by 2029?

Nexo (NEXO) price is expected to reach $150 by 2029.

What will be the Nexo (NEXO) price by 2030?

Nexo (NEXO) price is expected to reach $200 by 2030.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. CoinEdition and its affiliates will not be held liable for any direct or indirect damage or loss.

More Crypto Price Predictions:

  • Bullish NEXO price prediction ranges from $1.21 to $2.69.
  • NEXO price might also reach $3 this 2022.
  • NEXO’s bearish market price prediction for 2022 is $0.50.

Nexo is an Ethereum-based platform that was started in 2017. Its native token is denoted as NEXO and is present in the Ethereum blockchain, Binance Chain, and Polygon blockchain.

Nexo investors are bullish on the token since it has a return on investment (ROI) of over 24 times in the past four years. The crypto bubble in 1 led to an increase in the price of NEXO to its present all-time high (ATH) of $4.63, attained in November 2021. Irrespective of the recent crypto winter, NEXO investors are confident that the future of NEXO is bullish.

If you are interested in the future of Nexo (NEXO) and want to know the price analysis and prediction of NEXO for 2022, 2023, 2024, 2025, 2026, and up to 2030, keep reading this CoinEdition article.

What is Nexo (NEXO)?

Nexo is an Ethereum-based loan platform that was created in 2017. It has Antoni Trenchev, Georgi Shulev, and Kosta Kantchev as cofounders. Its native token was launched in April 2018.

Users of the Nexo loan platform can download recent instant loans in fiat currencies and other stablecoins by first depositing Bitcoin and other altcoins such as Ethereum (ETH), Litecoin (LTC), and Ripple’s native token XRP.

Dividends can also be earned as interest by depositing Nexo native token NEXO into your account. With its limited maximum supply of 1 billion NEXO tokens over 5 million platform users, early holders could soon gain its dividend from the 30% revenue the loan platform distributes to NEXO holders.

Old users can also earn affiliate rewards by referring other users to the platform who deposit at least $100 worth of the asset. This gives both users a $25 price of Bitcoin (BTC). The intelligent platform contract manages the loan on the Ethereum blockchain.

Some of the products of the Nexo platform include buying crypto with a credit card, Nexo Booster, which enables users to acquire three times the amount of crypto in their account, earn interest which gives daily dividends to users, and Nexo exchange which allows users to swap to over 300 cryptocurrencies on the business and Nexo card which enables users to spend their crypto without selling it.

Nexo (NEXO) Current Market Status

The maximum supply of NEXO is 1 billion NEXO, while its circulating supply is 560,000,011 NEXO, according to CoinMarketCap. At the time of writing, NEXO is trading for $1.11, representing a 24 hours increase of 10.91%. The trading volume of NEXO in the past 24 hours is $81.9 million, which means a 169% increase.

Some top cryptocurrency exchanges for trading Nexo (NEXO) are Binance, FTX, Huobi Global, Gate.io, Bitfinex, and others.

Now that you know what NEXO is and its current market status, we shall discuss the price analysis of Nexo (NEXO) for 2022.

Nexo (NEXO) Price Analysis 2022

Currently, NEXO is ranked in the 69th position on CoinMarketCap. Will developments and upgrades within the Nexo community lead to a rise in the price of Nexo (NEXO)? We shall see in this CoinEdition price analysis 2022 article.

Nexo (NEXO) Price Analysis- Keltner Channel

NEXO/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)
NEXO/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)

Keltner Channel is a technical analysis indicator used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for Nexo (NEXO), it could be seen that the present bullish run could continue since the recent candlesticks are within the first half of the chart from the top. Also, since the last candlestick is bullish, the present increase in the price of NEXO might be sustained before any reversal would be expected.

Nexo (NEXO) Price Analysis- Relative Strength Index

NEXO/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)
NEXO/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)

The Relative Strength Index (RSI) is a technical analysis indicator that measures the relative momentum in the magnitude and speed of recent price changes of an asset to deduce if it is an oversold or overbought asset. The RSI value of the Nexo (NEXO) 1day chart of NEXO/USDT is 66.21.  This shows that NEXO is showing a strong trend between 50 and 70. This value could trigger a further bullish run if more buyers could be attracted to gain from the expected price increase to the 70 RSI value, which is the overbought region, before any price correction soon.

Nexo (NEXO) Price Prediction-Moving Averages

NEXO/USDT 4-Hour Chart Showing 200-MA and 100-MA (Source: Tradingview)

The chart above shows the 4-Hour NEXO 200-day and 100-day Moving Average (MA) chart. As indicated in the recent uptrend, NEXO is on a bullish trend. Since the 200-MA is below the 100-MA, we can deduce that the price is bullish for long-term hodlers.

Also, since the gap between the moving averages is wide and below the recently formed candlesticks, the price of Nexo (NEXO) might experience a significant rise or fall in the future.

Nexo (NEXO) Price Prediction 2022

NEXO/USDT 1Day Chart (Source: Tradingview)
NEXO/USDT 1Day Chart (Source: Tradingview)

By looking at the daily chart of NEXO/USDT, NEXO price was swinging from $1.40 resistance2 to $1.21 resistance1 after touching the support levels of $0.89 and $0.67. It reversed from the support level of $0.89 and now going sideways in the market and is expected to be bullish in the coming weeks.

Meanwhile, our long-term NEXO price prediction for 2022 is bullish since it cannot break the present support level soon. We can expect NEXO to reach $3 in 2022.

Nexo (NEXO) Price Prediction-Resistance and Support Levels

NEXO/USDT 1Day Chart (Source: Tradingview)
NEXO/USDT 1Day Chart (Source: Tradingview)

This bullish chart shows that the price of NEXO has increased by 52.7% in the past 30 days. If this price decrease reverses, NEXO could break the $1.21 resistance1 level, move higher to $2.69 at the resistance6 level, and even higher, the bullish signal for 2022.

However, if sellers have their way, the price of NEXO might be dethroned from its present uptrend position. In simpler terms, NEXO might trend below the $0.50 support3 level and even lower in 2022, a bearish signal.

Nexo (NEXO) Price Prediction 2023

If the value of the NEXO’s relative strength index (RSI) is at least 60, by the end of 2022, the bulls and investors will be in charge. This could spill over into the first half of 2023, which could make the price of Nexo (NEXO) trade around $5 by the end of 2023.

Nexo (NEXO) Price Prediction 2024

The positive sentiments that come with the news that Bitcoin halving could directly impact the price of the Nexo tokens. Since 2024 is a year of Bitcoin halving, and most cryptocurrencies respond in the same trend as Bitcoin, we could see the cost of NEXO trade at $10 by the end of 2024.

Nexo (NEXO) Price Prediction 2025

By the end of 2025, the price of Nexo (NEXO) could rise to $30. This is because of the price surge a year after Bitcoin halved. Also, considering that more developments will be introduced into the Nexo platform to ensure that its users are relatively increasing, this price target could be attained.

Nexo (NEXO) Price Prediction 2026

With the number of NEXO hodlers on the increase and the growing sentiment about cryptocurrencies, NEXO has the possibility of holding most of its recent gains and consolidating. Hence, the price of NEXO could trade around $25 by the end of 2026 due to the bear market that serves as a market correction after a strong bullish run.

Nexo (NEXO) Price Prediction 2027

By the end of 2026, most investors will be preparing for a possible trend reversal in the direction of the bulls. This is due to the possibility that the market has attained its minimum support level. The price of NEXO could surge to $50 by the end of 2027.

Nexo (NEXO) Price Prediction 2028

In 2028, there will be Bitcoin halving. Hence, the consolidating market in 2027 could be followed by a bullish run. This is due to the impact of news surrounding any year of Bitcoin halving. It is, therefore, possible that the market could attain higher high values. Nexo (NEXO) could hit $70 by the end of 2028.

Nexo (NEXO) Price Prediction 2029

By 2029, there could be much stability in the price of most cryptocurrencies that had stayed for over a decade. This is due to implementing some of the lessons learned to ensure their investors retain the project’s confidence. This impact, coupled with the price surge that follows a year after Bitcoin halving, could surge the price of NEXO to $150 by the end of 2029.

Nexo (NEXO) Price Prediction 2030

The cryptocurrency market experienced high stability due to the holding activities of early investors so as not to lose future gains in the price of their assets. We could expect the price of Nexo (NEXO) to trade around $200 by the end of 2030, irrespective of the previously bearish market that followed a market surge in the earlier years.

Conclusion

As said above, NEXO might reach $3 in 2022 and $200 by 2030 if investors have decided that NEXO is a good investment, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

What is Nexo (NEXO)?

NEXO is the native token of the first digital loan platform Nexo. It is an ERC-20 token.

How to buy Nexo (NEXO) Token?

Like other cryptocurrencies, Nexo (NEXO) can be traded in cryptocurrency exchanges like Binance, Huobi Global, FTX, Gate.io, and others.

Will NEXO Token surpass its present ATH?

NEXO has a low possibility of surpassing its present all-time high (ATH) price of $4.63 in 2022.

When was the Nexo token launched?

It was launched in April 2018.

What will be the Nexo (NEXO) price by 2023?

Nexo (NEXO) price is expected to reach $5 by 2023.

What will be the Nexo (NEXO) price by 2024?

Nexo (NEXO) price is expected to reach $10 by 2024.

What will be the Nexo (NEXO) price by 2025?

Nexo (NEXO) price is expected to reach $30 by 2025.

What will be the Nexo (NEXO) price by 2026?

Nexo (NEXO) price is expected to reach $25 by 2026.

What will be the Nexo (NEXO) price by 2027?

Nexo (NEXO) price is expected to reach $50 by 2027.

What will be the Nexo (NEXO) price by 2028?

Nexo (NEXO) price is expected to reach $70 by 2028.

What will be the Nexo (NEXO) price by 2029?

Nexo (NEXO) price is expected to reach $150 by 2029.

What will be the Nexo (NEXO) price by 2030?

Nexo (NEXO) price is expected to reach $200 by 2030.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. CoinEdition and its affiliates will not be held liable for any direct or indirect damage or loss.

More Crypto Price Predictions:

 

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