Nexo (NEXO) has continued its upward climb seen over the previous few days. This comes because the platform introduced the launch of TerraUSD (UST) on its platform. As particulars of this new growth begin to attain a wider viewers, it’s possible that NEXO will surge even additional within the coming days. Listed below are some highlights:
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The brand new launch will enable customers to now borrow, lend, or stake UST on the Nexo platform with ease.
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At press time, NEXO was buying and selling at $2.26, up by round 5% in 24 hours and practically 15% during the last week.
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Customers may also get to take pleasure in double yield rewards on UST staking till March 31 with a 20% APR to observe after.
Knowledge Supply: Tradingview
Nexo (NEXO) – Worth evaluation and prediction
Like many property within the crypto market, Nexo (NEXO) has been climbing upwards after a torrid begin to 2022. At press time, the coin was buying and selling at round $2.26, up by practically 15% during the last 7 days.
Because the UST information is simply breaking, it’s unlikely that it’s baked into the present surge. In actual fact, as soon as traders begin to study of those new developments, NEXO will surge even additional.
Nonetheless, the coin continues to be decrease than its all-time excessive of $4. However the upward trajectory we’re seeing in the mean time might in reality take it in direction of that threshold.
Is Nexo (NEXO) well worth the threat?
Crypto lending is a dangerous space however regardless of this, it has truly been rising fairly quick over the previous few years. There are nonetheless many different progressive DeFi tasks which can be attempting to beat this market.
Nexo is one in every of them and up to now, it looks as if the undertaking is doing loads behind the scenes to ship worth for traders. For a long-term wager, there is no such thing as a doubt Nexo is a good asset.