Nexo surges 14% after reports of a Binance listing

Binance will list NEXO today at 10:00 UTC. At this time, trading is opened for the pairs NEXO/BTC, NEXO/BUSD and NEXO/USDT.

Live Nexo price today is $2.45 with a 24-hour trading volume of $51.3 million. If you want to know what Nexo is, if it will bring you good returns and where is the best place to buy Nexo, you've come to the right place.

If you want to be a step ahead, you might want to buy some NEXO tokens before the listing goes live.

What is Nexo?

Nexo is a blockchain-based lending platform that offers users instant cryptocurrency-backed lending. Users pledge an accepted token as security to receive credit in the form of fiat currency or stablecoin.

When locked in the platform, Nexo's native token grants users benefits such as discounts on interest accumulated on loans and the ability to receive interest payments on deposited funds. Token holders will also receive dividends from Nexo's profits.

According to its white paper, Nexo is the very first cryptocurrency-backed instant loan provider and intends to address inefficiencies in the lending market. Its automated lending process uses smart contracts and an oracle on the Ethereum blockchain to manage loans.

Should I buy Nexo today?

Nexo can be a lucrative investment, but take the time to read multiple price predictions from leading analysts and do some market research before making a commitment. Take all investment advice with a grain of salt.

Nexo Price Prediction

Wallet Investor expects a long-term rise and forecasts that Nexo will be worth $7.4 in April 2027. With a 5-year investment, a turnover of around 203% is expected. Accordingly, an investment of USD 100 in 2027 can amount to as much as USD 303.

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