Nexo Price Prediction 2025: Impact of EURØP Stablecoin on NEXO’s Future

Key Takeaways

• NEXO is helping launch a Euro-based stablecoin.
• The news comes as NEXO is on an upturn.
• Our NEXO price prediction says it could reach $2.05 next year.
• Interested in buying or selling NEXO coin? Read our review of the best exchanges to buy and sell NEXO.

Nexo hit the headlines in late 2024 when it announced a partnership with European crypto company Schuman Financial. The two organizations will launch a cash-backed, Euro-based, stablecoin called EURØP.

The news comes after a rough couple of years for the platform, which saw it fined $22.5 million by the United States Securities and Exchange Commission (SEC) for offering an unregistered crypto lending product. The SEC also said the platform’s NEXO was an unregistered security .

There was some happier news for Nexo, though, as Bulgarian authorities dropped an investigation into the platform.

On Dec. 2, 2024, NEXO was worth about $1.45

But what is Nexo? How does Nexo (NEXO) work? Let’s look and see what we can find out and examine some of the Nexo price predictions made as of Dec. 2, 2024.

Nexo Price Prediction

Let’s examine some of the Nexo price predictions CCN made on Dec. 2, 2024. It is crucial to remember that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate.

The most likely wave count shows that NEXO has completed an A-B-C correction (black) since the yearly high. The correction was contained inside the parallel channel, so the breakout from it means the correction is over.

It is unclear if this correction was part of a longer-term wave two or wave B (white). Since the drop after the all-time high is a five-wave decrease, it is more likely that the ongoing increase is an A-B-C structure.

If wave C is the same length as wave A, the price will reach a high of $2.55. This will take it to a long-term horizontal resistance area and the resistance trend line of an ascending parallel channel that has existed since the upward movement started.

Judging by the length of the previous decline, the high can be reached in April. Afterward, NEXO could begin a long-term downward movement similar to the one after the all-time high.

During these upward and downward movements, the wave count method gives NEXO price predictions of $1.70 and $0.45 for the end of 2025 and 2026, respectively. 

Then, we will use the daily rate of increase for the past four years to determine the NEXO price at the end of 2030. 

Since November 2020, NEXO has increased by 500%, at a daily rate of 0.33. Projecting this increase until the end of 2030 leads to a target of $9.50.

NEXO Price Prediction for 2025

The wave count method gives a NEXO price prediction range of $1.35 to $2.05 for the end of 2025.

NEXO Price Prediction for 2026

The wave count method gives a NEXO price prediction range of $0.36 to $0.54 for the end of 2026.

NEXO Price Prediction for 2030

Using the daily rate of increase for the past four years gives a NEXO price prediction range between $7.70 and $11.30 for the end of 2030

NEXO Price Analysis

The NEXO price had fallen inside a descending parallel channel since March, culminating with a low of $0.83 in August. The price has gradually increased since, accelerating its upward movement in November.

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After four successive bullish weekly candlesticks, NEXO broke out from the channel, which had existed for over 250 days at the time. NEXO is approaching its yearly high of $1.58 and is currently trading in the final resistance area of $2.50. 

A breakout above it could take the NEXO price to the next resistance at $2.55, 75% above the current price. 

Technical indicators support the upward movement. The Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) are both increasing and above their bullish thresholds at 50 and 0, respectively. 

So, the weekly time frame chart suggests NEXO will break out above $1.50 and increase toward the next resistance at $2.50.

Short-Term NEXO Price Prediction

The NEXO price prediction for the next 24 hours is bullish. NEXO will likely break out above $1.50 and increase toward its next resistance at $2.50. 

Nexo Average True Range (ATR): NEXO Volatility

The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days. A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility. Since ATR values can be higher for higher-priced assets, normalize ATR by dividing it by the asset price to compare volatility across different price levels.

On Dec. 2, 2024, Nexo’s ATR was 0.073, suggesting average volatility.

Nexo Relative Strength Index (RSI)

The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold. Movements above and below the 50 line also indicate if the trend is bullish or bearish.

On Dec. 2, 2024, the Nexo RSI was at 73, indicating overbought conditions.

CCN Strength Index

The CCN Strength Index combines an array of advanced market signals to measure the strength of individual cryptocurrencies over the last 30 days.

Every day, it assigns a strength score, ranging from 0 to 100, to the top 500 assets by market capitalization on CoinMarketCap, focusing on both trend direction and the intensity of price movements.

• 0 to 24: Assets exhibit significant weakness, showing signs of sustained downtrend behavior.
• 25 to 35: The price tends to move within stable bounds with minimal volatility.
• 36 to 49: Assets begin a stable uptrend but without strong surges.
• 50 to 59: Consistent growth with moderate price advances, building momentum.
• 60+: Sharp price movements and high demand indicate stronger volatility and trend shifts.

The index dynamically adapts to rapid changes. For example, an asset experiencing a 100% increase within a short timeframe would see a sharp jump in its score to reflect the intensity of the rise.

However, should that asset stabilize at this new price level, the score will gradually taper down and align with the dampened momentum as the movement normalizes. The same principle applies to rapid declines: a sudden drop will spike the score downward, but as volatility decreases, the score will slowly adjust back up.

On Dec. 2, 2024, NEXO scored 78.5 on the CCN Index, suggesting incredibly strong momentum and the possibility of a trend reversal ahead.

Advantages and Disadvantages of Nexo

CCN’s Senior Research Analyst, Toghrul Aliyev, examined Nexo and found the following advantages and disadvantages.

Advantages of Nexo

• Global Regulatory Footprint : Nexo’s registration with the Australian Securities and Investment Commission and other regulatory bodies across various jurisdictions enhances its credibility and ensures transparency
• Survivor of the “Lending Crash” of 2022: In the “Lending Crash” of 2022, when major crypto lending platforms like Celsius, Voyager, Genesis, and BlockFi filed for Chapter 11 bankruptcy, Nexo survived. This shows Nexo’s strong risk management and operational stability.
• Exceptional Customer Support: Nexo provides top-notch customer support and quickly responds to user inquiries.
• Wide Range of Supported Coins: Nexo supports 30+ cryptocurrencies.
• User-Friendly Interface: Nexo’s app features a great user interface and makes it easy for users to navigate and manage their assets efficiently.
• High Lending APY: Nexo offers one of the highest APYs in the industry on various tokens.
• Flexible Borrowing Options: Nexo allows users to lock up cryptocurrencies as collateral for fiat currency or stablecoins. Funds can be sent directly to a bank account or added to a debit card, with limits adjusting based on market value. Furthermore, Gold or Platinum members with a loan-to-value ratio under 20% can borrow at rates as low as 0%. And lastly, Nexo offers borrowing with no credit checks, no origination fees, and quick access to funds.
• Comprehensive Platform: Nexo allows users to buy, earn, borrow, use the Nexo Card, and exchange cryptocurrencies all in one platform

Disadvantages of Nexo

• Absence of Major Market Registrations: Despite various registrations, Nexo lacks approvals from key regulatory bodies in Europe, the UK, and the USA. While Nexo operates in the UK, it does not onboard new users there. Moreover, despite holding a California Department of Financial Protection and Innovation Financing Law License, Nexo has completely exited the USA.
• Token-Based Interest Risk: Crypto lending companies with a token, including Nexo, often sell tokens to pay extra interest. Users must constantly monitor the price of Nexo’s token and their interest rates, even if they don’t own any tokens. If the token’s price declines and interest rates remain unchanged, it indicates a potential revenue shortfall for the company. Users should consider withdrawing their funds in such a scenario.
• Lack of Public Listing Transparency: As a token lending firm not publicly listed on any stock exchange, Nexo has no legal requirement to report its financial health, as well as the transparency and legal penalties that come with public listings.
• Inconsistent Proof of Reserves: After the FTX collapse, Nexo began providing real-time attestations for transparency. However, they discontinued this service due to external issues and have not resumed it since early 2023. Despite more than a year passing, Nexo has not reinstated real-time attestations or offered proof of reserves, raising concerns that the initial move was a short-term response to calm users, which they removed once the situation stabilized.
• Lack of Transparent Office Location: Nexo does not publicly disclose its headquarters or office locations. Their address is notably difficult to find, and users must contact Nexo support to obtain it, which raises concerns about transparency and trustworthiness.
• Data Security Concerns: Operating in jurisdictions with less stringent licensing requirements means Nexo’s system may not follow strict data storage regulations. This lack of adherence to high security standards could increase vulnerability to system-wide hacks, potentially compromising user data and assets.

Best Days and Months to Buy Nexo

We looked at the Nexo price history and found the best times to buy NEXO.

Nexo Price Performance Comparisons

Nexo Price History

Let’s now examine some of the key dates in the Nexo price history . While past performance should never be taken as an indicator of future results, knowing what the coin has done can give us some very useful context when making or interpreting a Nexo price prediction.

Nexo Market Cap

Market capitalization, or market cap, is the sum of the total number of NEXOs in circulation multiplied by their price.

On Dec. 2, 2024, Nexo’s market cap was $935 million, making it the 109th-largest crypto by that metric. 

Who Owns the Most Nexo (NEXO) Tokens?

On Dec. 2, 2024, one wallet held more than 20% of NEXO’s supply.

Richest NEXO Wallet Addresses

As of Dec. 2, 2024, the five wallets with the most Nexo tokens were

• 0x8fd589aa8bfa402156a6d1ad323fec0ecee50d9d. This wallet held 222,169,283 NEXO, or 22.22% of the supply.
• 0x1111111111111111111111111111111111111111. This wallet held 208,333,332 NEXO, or 20.83% of the supply.
• 0x1c433cbf4777e1f0dce0374d79aaa8ecdc76b497. This wallet held 114,800,950 NEXO, or 11.48% of the supply.
• 0x9099ffbbe0f127741d58760fbaf644def3cccd07. This wallet held 100,000,000 NEXO, or 10.00% of the supply.
• 0x2222222222222222222222222222222222222222. This wallet held 98,437,500 NEXO, or 9.84% of the supply.

Nexo Supply and Distribution

From the Nexo Whitepaper

In its technical documentation or whitepaper , Nexo claims to pioneer quick crypto lending. It says: “Nexo delivers the World’s First Instant Crypto-backed Loans, thus resolving a crucial inefficiency for the crypto world. Until now, no alternatives existed for digital asset owners to enjoy their crypto wealth except selling them. 

“The innovative model of Nexo brings to the crypto community the best of both worlds – retaining 100% ownership of their digital assets while having immediate access to cash. Instant Cryptobacked Loans are an automatic, flexible, and cost-efficient way of obtaining liquidity that is secured by the value of the client’s digital assets. The whole process is completed in just a few simple clicks.”

Nexo (NEXO) Explained

One of the most important parts of the overall crypto world is decentralized finance (DeFi). The idea that people should be able to access financial services without having to rely on traditional, centralized banks is key to the whole concept of blockchain-based finance. 

Nexo is a DeFi platform founded by former Bulgarian member of parliament Antoni Trenchev in 2018. On it, users can deposit cryptocurrencies as collateral and, in return, receive a loan in either stablecoins or fiat currency. 

The NEXO crypto token supports the Nexo platform.

How Nexo Works

If someone deposits crypto in their Nexo wallet, they can be paid interest in NEXO. If they choose to receive the system’s native token, they can get a higher interest rate. NEXO holders can withdraw their money from the platform without incurring a charge. Also, holders can earn dividends from the company’s profits.

People can also buy, sell, and trade NEXO on exchanges. 

Because NEXO is based on the Ethereum (ETH) blockchain, it is, technically speaking, a token rather than a coin. You might see references to such things as a Nexo coin price prediction, but these are wrong. 

Is Nexo a Good Investment?

It is hard to say. On one hand, Nexo no longer has money laundering charges hovering over it. On the other hand, the SEC still says it is an unregistered security . It remains to be seen what sort of impact the from the other side of regulation intact.

There are also some questions about how it can fit in the ever-growing DeFi space. As always, you will need to do your own research on cryptocurrency. 

Will Nexo go up or down?

No one can really say for sure right now. While the price forecasts are largely optimistic, price predictions are very often wrong. You should also remember that prices can and do go down and up. 

Should I invest in Nexo?

Before you decide whether or not to invest in Nexo, you will have to do your own research on NEXO and other similar coins and tokens, such as KAVA and AAVE. 

This is, ultimately, a decision you will have to make for yourself. Just make absolutely sure that you never invest more money than you can afford to lose.

Technical analysis by Valdrin Tahiri.

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