Many investors are currently thinking to stake their crypto on lending platforms like Nexo where they can earn interest on their cryptocurrencies. Buying and holding NEXO token would fetch them higher rate of interest. That is why it is important to know the Nexo price forecast and see whether it is worth holding Nexo in 2024 and beyond or not?
Numerous crypto holders store their crypto and digital assets on exchange platforms or digital wallets. But, these advanced exchange platforms don’t benefit you or your investments. But the alternative of finance should serve the users in a way that is no less than the traditional finance. So The Nexo platform intends to solve this problem and offers a way out of just storing and holding your crypto for no returns. It works differently and allows its users to earn interest on the stored crypto as well as take loans backed up by their crypto without selling them.
Before we discuss about the Nexo price predictions for 2024 and beyond, let us first understand what is Nexo?
What is Nexo?
Nexo is a unique platform that lets you earn interest on cryptocurrency investments. It is a Crypto interest account and a lending platform that offers 6% – 12% APR on your investments. Nexo offers monetary benefits to those who store crypto. Nexo also allows users to take loans based on the crypto stored in their Nexo wallet without having to sell them. The interest rates on loans range from 5%-6% which is surely less than other crypto lending platforms.
Nexo was launched in 2017 and was founded by Kosta Kantchev and is driven by Antoni Trenchev, Co-Founder and Managing Partner. The platform claims to offer its clients a 360 degree banking service including buying crypto, selling them, trading or exchanging crypto, or converting your fiat to crypto and vice versa. The Nexo exchange allows swapping of 75+ digital assets, 40+ fiat currencies including the NEXO tokens. The platform has a customer base of 2 million+ users.
What is NEXO Token?
Nexo token is the native cryptocurrency of the Nexo platform. The platform’s basic crypto token is an ERC-20 token which acts as the interest-covered security. These tokens are traded as restricted securities. These tokens are used to make repayments to Nexo with a 50% discount on the interest to be paid if a user holds them and uses it to repay loans.
Holding Nexo also benefits a user and gives them the right to enjoy a higher loan limit, and a 30% Nexo profit-share payment. Nexo is listed on 17 exchanges with a total of 34 active markets. The total supply of tokens is set at 1 billion tokens. 25% of the tokens are for the company’s overdraft funding reserves, 11.25% of the tokens are for the founders and team, 6% of the tokens are for community building and airdrop campaigns, 5.25% of the tokens are for legal advisors and marketing, and 52.5% of the tokens are for sale to investors.
Nexo Token: Details
| Website | Nexo.io |
| Token Ticker | Nexo |
| Buy NEXO with INR | WazirX |
| CoinDCX | |
| Giottus | |
| BitBNS | |
| Buy Nexo with BTC/USDT | Binance |
| Kucoin | |
| Buy Nexo with BNB, BUSD | PanCakeSwap |
| Buy Nexo on Nexo | Nexo |
| Total Supply | 1,000,000,000 |
| Current Supply | 560,000,008 |
| All-Time High | 4.07 USD |
| All-Time Low | 0.045 |
Nexo use Cases: What does the Nexo Token do?
Nexo was distributed to the team and early investors during ICO. one benefit of holding the Nexo token is that it pays dividends to its holders. The firm shares upto 30% of its profits with the Nexo holders. The dividends are calculated in USD and paid in your Nexo wallet in BTC and/or ETH and/or Nexo Tokens and/or USD Stable coins.
The first Nexo dividend payment was made on December 15, 2018 which was close to $1 million. The next Nexo dividend payout was conducted on August 15 2019 where US$2,409,574.87 was distributed among token holders. The Third Nexo Dividend worth $6,127,981.39 was distributed on August 15, 2020. The fourth and final Nexo dividend worth $20 million was distributed among the token holders on June 16, 2021.
The token also has few add-on benefits for the cryptocurrency interest account. The Nexo token holders can :
- The token holders can earn 12% APR for stablecoins and 8% APR for other crypto like BTC, ETH, etc.
- The token holders can borrow 5.9% for Nexo’s instant Crypto Credit Lines
The token can also be used to repay loans or avail a reduction in repayment of loans. Holding more Nexo tokens in your Nexo wallet can help you unlock higher loan limits.
Nexo Team and Partners
Nexo has a core team of 14 members and is co-founded by 4 highly skilled members.
Most of these members hold significant positions at FinTech company Credissimo.
Kosta Kantchev is the co-founder, executive chairman and chief managing partner of Nexo. He is also the co-founder and board member of Credissimo, a leading international FinTech group founded in 2007.
Antoni Trenchev is another managing partner and co-founder of Nexo. He was a member of Parliament at the National Assembly of the Republic of Bulgaria. He was also a legal advisor and chief innovation officer at MDL Ltd.
Georgi Shulev is an entrepreneur and co-founder of Nexo. he is also one of the managing partners in the firm. Georgi was also the co-founder of Consestimate Inc. and an M&A Analyst in UniCredit Bank Austria.
Vasil Petrov is the CTO and the co-founder of Nexo. Along with this, he is also the co-founder and investor in Drooble. Vasil was also the CTO and co-founder of US TTV and MD NET. He was a web developer and software engineer before being an entrepreneur.
Advisors of Nexo include Michael Arrington,Trevor Koverko and Ugo Bechis.
Nexo is backed up by BitGo, Ledger, PAXOS, Blockchain.com, Circle, Fire blocks, Terra, IOHK, ChainLink, Brave, Securitize, Cardano, Nexo Capital Partners, etc.
Nexo Social Channels
How to Buy NEXO Tokens ?
One can buy or acquire NEXO tokens in three ways
- NEXO Exchange
- Changelly integration in your Nexo wallet
- Third-party exchanges like Binance, Bitfinex, Huobi.
NEXO Exchange
The Nexo exchange is the easiest, most reliable and safest option to buy NEXO tokens, without having to leave your Nexo wallet. Follow the given steps to buy the NEXO token :
- Log into your Nexo account and add assets to your Nexo wallet.
- Visit the “exchange” tab
- Select the NEXO tokens as the currency to be purchased
- Select the cryptocurrency, fiat currency or the stablecoin which you want to exchange in order to get NEXO tokens
- Click on “exchange”
Buying NEXO tokens through Changelly
In case you don’t have any crypto in your Nexo account and you still want to buy NEXO tokens, don’t worry Changelly integration has got you covered. Below are the steps through which you can buy NEXO tokens :
- Open the Nexo platform and click on “Buy NEXO tokens”
- Click the “buy” button
- Provide the amount and type of cryptocurrency you want to exchange for NEXO tokens.
- Click on “Swap Now” button
- Enter the email address you want to use and enter your Changelly password
- You will be redirected to the “payment” section where you will see the Transaction ID, exchange amount and your address
- Click on the “copy” button and then paste it in the “withdraw to” address field when creating the transaction using private keys
- A confirmation email from Changelly will be received.
- NEXO tokens will be added to your wallet
Buying NEXO though Exchange platform
Nexo can be purchased on crypto exchanges such as Huobi Global, Bitrue, UPEX and Hoo.
Here is a guide on how to buy NEXO on huobi :
- Register for an account on Huobi by visiting the official website
- Fund your account with INR, Bitcoin (BTC) or Ethereum (ETH)
- Click on the “exchange” tab and select your trading pair
- Choose the amount for which you want to buy NEXO tokens and click on “buy NEXO”
- Your Nexo tokens will be credited to your digital wallet
NEXO Price History:
Nexo was initially valued at $0.09 in July 2018, but the prices witnessed constant fluctuation in the volatile market which was not very welcoming of the new NEXO token. The dividend payment in December helped in the hike of prices.
2019 was not a good year for the NEXO token. The newly adapted crypto owners didn’t realize NEXO’s utility and the prices kept falling and hit $0.045 in February. The prices saw a gradual increase after the dividend payout in August and were recorded at $0.1 in September.
The year 2020 was fruitful for the Nexo firm. The prices were constantly ranging between $1-$2 from January to June. The prices finally crossed the $0.2 mark in July and analysts claimed NEXO to be the next best thing in the crypto market. The prices further fell in the dawn of August but saw an exponential growth after November when more crypto adapters started promoting Nexo. the prices spiked from $0.2 in November to $0.733 in December, 2020.
2021 has given promising and positive results to Nexo. The prices were recorded at $0.6 in January and then it suddenly spiked up to $2.33 in March. The year witnessed the all-time high price of Nexo in May when it was recorded at $4.05.
2022 was bearish for Nexo but this was the only lending crypto company that did not collapse in 2022. It started at $2.38 and ended the year at $0.68.
In 2023, the price of Nexo token experienced numerous fluctuations, with the minimum reaching $0.5288 and the maximum hitting $0.954.
Forecast: NEXO Price Prediction (2024-2025-2030)
NEXO Price Prediction 2024
| When | Maximum Price | Minimum Price |
| April 2024 | $1.703 | $1.135 |
| May 2024 | $1.720 | $1.433 |
| June 2024 | $1.737 | $1.448 |
| July 2024 | $1.755 | $1.462 |
| August 2024 | $1.772 | $1.477 |
| September 2024 | $1.790 | $1.492 |
| October 2024 | $1.808 | $1.506 |
| November 2024 | $1.826 | $1.522 |
| December 2024 | $1.844 | $1.537 |
In April 2024, the maximum price of Nexo token is projected to reach $1.703, reflecting a bullish trend in the market, while the minimum price is anticipated to be $1.135, indicating a potential support level for investors. Moving forward to December 2024, it is expected that the maximum price will rise to $1.844, showcasing continued upward momentum, whereas the minimum price is forecasted to be $1.537, suggesting a stable floor for the token’s valuation. Throughout the year, Nexo token is anticipated to demonstrate resilience and gradual growth, potentially offering opportunities for investors to capitalize on market movements.
NEXO Price Prediction 2025
| When | Maximum Price | Minimum Price |
| January 2025 | $1.863 | $1.502 |
| February 2025 | $1.881 | $1.344 |
| March 2025 | $1.900 | $1.532 |
| April 2025 | $1.520 | $1.086 |
| May 2025 | $1.652 | $1.333 |
| June 2025 | $1.983 | $1.416 |
| July 2025 | $1.944 | $1.568 |
| August 2025 | $2.333 | $1.666 |
| September 2025 | $2.356 | $1.900 |
| October 2025 | $2.142 | $1.530 |
| November 2025 | $2.185 | $1.762 |
| December 2025 | $2.207 | $1.576 |
Throughout 2025, the maximum and minimum prices of Nexo token are projected to fluctuate in response to various market factors. Starting from January with a maximum price of $1.863 and a minimum of $1.502, the token’s value may experience both upward and downward movements. As the year progresses, reaching December, the maximum price is anticipated to peak at $2.207, while the minimum could stabilize around $1.576.
NEXO Price Prediction 2026 to 2030
| Nexo Price Prediction | Max Price | Min Price |
| 2026 | $3.387 | $1.273 |
| 2027 | $3.856 | $1.301 |
| 2028 | $7.986 | $2.527 |
| 2029 | $16.642 | $5.750 |
| 2030 | $17.464 | $10.292 |
In the coming years, Nexo token is expected to undergo significant price fluctuations, with projections indicating both upward momentum and periods of stability. By 2026, the maximum price is forecasted to reach $3.387, while the minimum is anticipated to be $1.273, reflecting potential growth and support levels. As we progress through 2027, positive sentiment could drive the maximum price to $3.856, with the minimum stabilizing at $1.301. Further into the future, particularly in 2028 and 2029, substantial increases are predicted, with the maximum prices soaring to $7.986 and $16.642 respectively, while the minimum prices also show significant growth. By 2030, Nexo’s maximum price could potentially reach $17.464, with the minimum stabilizing at $10.292.
DISCLAIMER: The Nexo token price prediction is just an estimate and not financial advice. Please research well before investing.
NEXO Price Prediction 2026 to 2030 in INR
| Nexo Price Prediction | Max Price | Min Price |
| 2026 | ₹282.03 | ₹106.00 |
| 2027 | ₹321.08 | ₹108.33 |
| 2028 | ₹664.99 | ₹210.42 |
| 2029 | ₹1,385.78 | ₹478.79 |
| 2030 | ₹1,454.19 | ₹856.99 |
In 2026, the maximum price of Nexo is predicted to reach ₹282.03, suggesting potential growth, while the minimum price is anticipated to be ₹106.00, indicating a foundational support level. As we move into 2027, expectations foresee the maximum price rising to ₹321.08, reflecting sustained positive sentiment, with the minimum price projected to be ₹108.33, providing stability amidst market fluctuations.
Looking ahead to 2028, the maximum price of Nexo is forecasted to surge to ₹664.99, demonstrating significant growth potential, while the minimum price is expected to increase to ₹210.42, offering a higher floor for investors. Progressing to 2029, projections indicate a substantial rise in the maximum price to ₹1,385.78, reflecting strong bullish momentum, while the minimum price is forecasted to reach ₹478.79, indicating robust support levels amidst market dynamics.
By 2030, the maximum price of Nexo is anticipated to reach ₹1,454.19, showcasing substantial growth potential, while the minimum price is predicted to stabilize at ₹856.99, providing a solid baseline for market corrections. These predictions illustrate the evolving landscape of cryptocurrency markets and the potential for Nexo to continue its upward trajectory in the coming years.
ALSO READ:
- Huobi review : The complete guide on cryptocurrency exchange
- Nexo review : Earn upto 12% P.A. on your crypto
- Price Prediction of Cryptocurrencies
NEXO Price Forecast FAQs
What will NEXO be worth in 5 years?
Nexo is expected to be priced at 16.642 USD in next 5 years. i.e. by December 2029.
What will NEXO be worth by 2030?
Nexo is predicted to cross $17.464 by 2030.
How much will NEXO be worth by the end of 2024?
Nexo is predicted to be somewhere near $1.844 by the end of 2024.
Conclusion
Nexo, a unique platform enabling interest on crypto investments, features the NEXO token with benefits like dividends and higher loan limits. With a commitment to user-friendly financial services, including interest accounts and crypto-backed loans, Nexo aims to bridge traditional and digital finance. While its price history has seen fluctuations, the 2024 predictions suggest potential growth, ranging from $1.135 to $1.844. Investors should conduct thorough research before considering Nexo as an investment option.
I hope you liked our article on what is Nexo and what are the NEXO price prediction 2024-2030. Do share with us under comments what are your expected price of Nexo by the end of 2025?
