Bitcoin price climbed above $40,000 but failed to rise further. BTC fell 2% in a day and more than 3% in a week. Similarly, most of the major altcoins wipe out the gains. ETH fell sharply after failing to test the $3,000 resistance. XRP is down more than 4% and it is approaching the $0.60 support. ADA tested the $0.805 support zone. NEXO surged 16% in ten minutes and today outperformed the top 100 coins by market cap. The price surged more than 14% in one day to over $2.5, taking weekly gains to 12%.
NEXO, the token of the Nexo crypto lending protocol that offers credit cards and loans to retail users, surged over the last 24 hours after one of the world's largest exchanges, Binance, listed the token.
NEXO price has increased by 17% in the last 24 hours and was trading at $ 2.5, making it the coin that rose the most among the top 100 cryptocurrencies. The rise came after the largest crypto exchange Binance announced that it had listed the native token of the Nexo crypto lending platform, NEXO. Binance has traded the NEXO token with the NEXO/BTC, NEXO/BUSD and NEXO/USDT pairs.
The price of the coin rose sharply after Binance announced that it would list NEXO. The cryptocurrency's market cap climbed to seventy-ninth place as it approached $1.4 billion. During the day, its price jumped from $2.13 to $2.55 and registered a change of $0.42. At the time the news was published, it dropped to $2.31, according to CoinGecko. NEXO hit an all-time high price of $4.07 on May 12, 2021 (12 months ago).
Nexo is a Blockchain-based lending platform that offers users instant cryptocurrency-backed loans. Users use an accepted token such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) or XRP (XRP) as collateral to obtain a loan in the form of a price currency or stablecoin.