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The cryptocurrency market has seen a series of movements with Nexo, a digital asset financial services provider, seeing its market capitalization reach $425.99 million after a 4.7% increase weekly. Nexo’s token price increased to 0.76 USD or equivalent to 0.00002007, with daily trading volume reaching 4.11 million USD.
The broader crypto market shows mixed performance between different tokens:
- KILT protocol increased in price to $0.34.- Aidi Finance, Zoo Token and CareCoin experienced a decline, with Zoo Token and CareCoin falling to $0.0652 and $0.0809 respectively.- Kitty Inu increased significantly, reaching $95.84.- Hokkaidu Inu increased slightly to $0.0004.- Lego Coin remained stable at current price.- Jeff in Space fell to $2.75. – Lumi Credits improved slightly to $0.0083. – AXIA Coin decreased slightly.
Nexo was founded by Nexo AG in Zug, Switzerland in 2017 and officially started on April 1, 2018. It has more than half of its one billion token supply in circulation. The platform provides financial services that allow customers to borrow against their digital assets. Additionally, Nexo offers up to 12% annual interest on NEXO tokens held and offers benefits through its Loyalty Program such as improved yields, better borrowing rates, and Free withdrawal privileges.
The company encourages active participation from its token holders through various social media platforms such as Reddit, Github, Twitter and Facebook (NASDAQ:) to engage with the community and stay updated on its services and developments.
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