Nexo
About Nexo
The price of Nexo (NEXO) is $1.01 today, as of Sep 20 03:50 a.m., with a 24-hour trading volume of $6.93M. Over the last 24 hours, the price has increased by 1.19%. Nexo currently has a circulating supply of 560.00M and a market cap of $564.90M.
Nexo is the native token of a cryptocurrency lending, exchange and debit card company by the same name that is based in Bulgaria.
NEXO launched in 2018 with an initial supply of 1 billion tokens. Early investors received 525 million of those tokens, and the majority of the remaining tokens were reserved to fund additional projects. Crypto data provider Messari predicts that all 1 billion NEXO will have entered public circulation by May 2023.
Between 2018 and 2021, the price of NEXO barely rose above 20 cents, and its market capitalization wavered between $30 million and $70 million. When bitcoin boomed in 2021, NEXO soared, rising to a market cap of $2.2 billion in May of that year and an all-time high of $4.07. When bitcoin dipped, so did NEXO, at least until November 2021. In the middle of that month, NEXO hit a high of $3.47.