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NEXO Price Prediction – Where will NEXO go in 2023

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Nexo is the largest lending company in the decentralized finance ecosystem and potentially an enabler for mass adoption of cryptocurrencies. With lending a critical component of every financial ecosystem, Nexo can lend an important hand in bringing cryptocurrency into the mainstream.

It’s no wonder, then, that investors are increasingly considering adding the coin to their portfolio, which is positive for the coin’s future performance. Today, we’ll take a look at the basics that make Nexo so special, understand where it stands on the technical front as well as predict where it might land over the years.

Nexo Basics

Nexo is a lending company that issues cryptocurrency-backed loans in the Defi space. Users can deposit their tokens as collateral against fiat or stablecoins.

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Users can also earn interest on their cryptocurrency holdings, as Nexo offers high interest rates to users who hold their cryptocurrency over a predetermined longer period. To do this, users need to transfer their holdings to the Nexo digital wallet and receive their return in either the same currency as their deposit or NEXO tokens. In addition, these tokens can be purchased on the private Nexo exchange before being deposited.

A standard rate of 4% is given to crypto tokens, while stablecoins receive a return of 8%. However, some of the platform’s interest rates can be as high as 12%.

NEXO is the official token of the company based on the ERC-20 standard. It comes with its share of exclusive benefits, including an incentive where users holding NEXO tokens in their accounts get dividends from the company where 30% of the company’s profits are distributed as dividends.

The company has also partnered with one of Europe’s major financial firms under the name Credissimo, which attaches an extra layer of credibility to the company and its future. In addition, collateral loans are becoming increasingly popular, and given the current trend of Nexo, it has the potential to become one of the major players in cryptocurrency lending.

Nexo: Technical Analysis

The NEXO token is trading below the 200 day simple moving average at the moment and this indicator has been signaling “sell” for the past two months. The price is also below the 50-day simple moving average level, which has been signaling “sell” since November 08, 2022.

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The death cross on Bitcoin occurred 319 days ago, while the NEXO cross occurred 415 days ago, on November 08, 2021. The death crash is an indicator that indicates a cryptocurrency bear market.

NEXO’s 200-day SMA is likely to decline next month and may reach $0.8032 by the end of 2023. While the 50-day SMA is expected to reach $0.6729 at the same time, which is January 27 2023. The Relative Strength Index (RSI) of the token is currently indicating that the token is in a neutral position.

Experts predict the future of Nexo

Nexo is among the top 100 cryptocurrencies in the world; It is normal for market experts to constantly monitor the currency. Everyone has their own opinions and predictions about where the NEXO token could go.

Here are a few you might want to take a look at:

WalletInvestor.com blocks its optimism on NEXO and makes a bearish guess on the token. They believe that the token may maintain a gradual downward movement over the near future, as it lands below $0.50 by mid-2023.

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On the other hand, CryptoGround.com is quite optimistic about the future of NEXO and is positioning the coin to reach $1.1 per year. They are bearish over the long term and believe that the coin is likely to reach $10 over the next 10 years. While it may sound tempting, investors should arrive at a generalized number by taking into account all expert predictions.

The price of the digital currency is among the most unrealistic, as they expect the coin to reach $3.1 and a steady bullish pattern in the long term. While the token is showing some optimism, reaching the price target for NEXO will be nothing short of a spectacle.

Of all the covered forecasts, the most plausible comes from Gov Capital, which proposes a price of $0.773 for the token at the beginning of 2023, while it will end the year very positively, possibly reaching $2.97. The site also predicted that the coin would reach $8.91 over the next three years.

NEXO Prediction: 2022, 2023, 2025, 2030

While the predictions of experts remain contradictory, we have tried to provide the most reasonable forecast by taking into account all the predictions.

Predict NEXO prices for 2022

With the year 2022 about to end, there isn’t much room for the currency to make some massive gains. However, the New Year spirit with investing in cryptocurrencies could push the price higher by two-tenths. Ideally, the price should remain below $0.80 by the end of 2022.

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Predict NEXO prices for 2023

The latest expert forecast indicated that the coin will open next year at $0.77 and close at $2.97. This, for now, seems very likely and investors can expect the coin to reach $2 in 2023.

Predict NEXO prices for 2025

Considering that NEXO is following a bullish pattern starting next year, the coin could be above $3 and around $5.5 in 2025. However, if the price starts a downtrend in the future, it could reach below $2.

Predict NEXO prices for 2030

It is difficult to predict the price of a token over such a long timescale. However, considering that everything is going well for the company, the token will easily jump above $10 by 2030. But again, if the token goes down, it could fall at its price prediction for 2023.

Cryptocurrency predictions are an interesting way to look into the future of a project. However, your investment decisions should not be limited to these considerations alone. If you plan to invest in cryptocurrencies, understand the basics, study market trends and, if possible, do technical analysis before adding a token to your portfolio.

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BNT/USD is trading near the $0.50 resistance

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The Bancor price prediction shows that BNT is crossing the 9-day and 21-day moving averages while the coin is taking off to the upside.

Bancor Prediction Statistics Data:

  • Bancor price now – $0.34
  • Bancor’s market capitalization is $55.8 million
  • The circulating supply of Bancor – 162.5 million
  • The total supply of Bancor – 162.5 million
  • Bancor Coinmarketcap Ranking – #287

BNT/USD market

Key levels:

Resistance levels: $300, $310, $320

Support levels: $130, $120, $110

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BNTUSD – daily chart

BNT / USD It is currently trading at $0.345 after touching a daily high of $0.490, and is likely to return above the 9-day and 21-day moving averages. However, in case the buyers can push the price above the $0.50 resistance level, then the daily candlestick may close above this level, and the price may rise towards the upper boundary of the channel.

Bancor Price Prediction: Bancor is preparing for an upward movement

According to the daily chart, the Bancor price It is moving near the $0.40 resistance level as the coin is preparing for additional gains. The technical indicator’s RSI (14) is also moving to cross above the 50 level, where the signal line is pointing up to signal a buy signal.

However, if buyers are able to push the price and hold it above the 9-day and 21-day moving averages, Bancor price could rise towards the upper boundary of the channel to reach the potential resistance levels at $0.50, $0.55, and $0.60. While crossing below the lower border of the channel, it could lift the currency to the support levels at $0.25, $0.20, and $0.15, respectively.

Against Bitcoin, Bancor is following a bullish rally, and it could swing higher to cross above the upper boundary of the channel that could identify the resistance at 2400 SAT and above. On the other hand, if the market price crosses the lower boundary of the channel, it may reach the support level of 1800 SAT and below.

BNTBTC – Daily Chart

However, the technical indicator’s RSI (14) is currently moving to cross above the 50 level as the signal line is pointing north to confirm the upward move. Moreover, any further upward movement may create additional gains above the channel.

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DYDX/USD could rise above $1.20

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Since the coin starts the upward movement towards the upside, the dYdX price forecast is likely to move steadily inside the channel.

dYdX prediction stats data:

  • DYDX price now – $1.10
  • DYDX market capitalization – $72.7 million
  • Circulating supply of DYDX – 65.5 million
  • Total supply of DYDX – 1 billion
  • DYDX Coinmarketcap Rank – #198

DYDX/USD Market

Key levels:

Resistance levels: $2.00, $2.20, $2.40

Support levels: $0.50, $0.30, $0.10

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DYDXUSD – daily chart

DYDX/USD is likely to cross above the 9-day and 21-day moving averages as the currency begins its upward movement. in the past few days, dYdX price Struggles to cross over to the positive side. According to the daily chart, the RSI (14) technical indicator moved to cross above the 40 level, confirming the bullish movement of the currency.

dYdX Price Prediction: DYDX is ready for an uptrend

the dYdX price It is currently moving north. If the currency continues its upward movement, the bulls may cross above the 9-day and 21-day moving averages, which could reach the resistance levels at $2.00, $2.20, and $2.40. At the time of writing, DYDX/USD is showing a slight bullish movement on the daily chart.

Conversely, if the coin slips below the lower boundary of the channel, it may bring the coin back to the $0.50, $0.30, and $0.10 support levels, respectively. Meanwhile, long-term buyers should not be alarmed by the small impact down the road, as the future of DYDX is assured as evidenced by the technical indicator’s RSI (14).

Against Bitcoin, dYdX price is hovering below its 9-day and 21-day moving averages as the coin is poised for an upward move. The technical indicator’s RSI (14) also confirms the upward movement as the signal line encounters the 40 level. On the contrary, a potential downside move could emerge if the market price crosses below the lower boundary of the channel, which could reach the support level 200 SAT and below.

DYDXBTC – Daily Chart

Meanwhile, any further bullish move above the moving averages could push the coin to the 1200 SAT resistance level and above, and this could take the coin to a new high, and the market could remain in the bullish zone.

But, Dash 2 Trading It gives you the ability to improve your trading and scalping profits with effective crypto trading recommendations, automated trading, and analytics features. There is a D2T token pre-sale going on and time is running out. The launch of the pre-sale dashboard is coming soon as the product developer is ahead of schedule. To date, the prequel has raised nearly $12 million.

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SBF to Enter Plea Deal, Mango Exploiter Arrested, Celsius News: Hodler’s Digest, Dec. 25-31

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