Monday, February 6, 2023
    HomeMarketNexo (NEXO) climbs as it announces the launch of TerraUSD (UST)

    Nexo (NEXO) climbs as it announces the launch of TerraUSD (UST)


    Nexo (NEXO) has continued its upward climb seen over the previous couple of days. This comes because the platform introduced the launch of TerraUSD (UST) on its platform. As particulars of this new improvement begin to attain a wider viewers, it’s doubtless that NEXO will surge even additional within the coming days. Listed here are some highlights:

    • The brand new launch will enable customers to now borrow, lend, or stake UST on the Nexo platform with ease.

    • At press time, NEXO was buying and selling at $2.26, up by round 5% in 24 hours and almost 15% over the past week.

    • Customers can even 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 belongings 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 almost 15% over the past 7 days. 

    For the reason that UST information is simply breaking, it’s unlikely that it’s baked into the present surge. The truth is, as soon as buyers 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 intervening time may actually take it in direction of that threshold.

    Is Nexo (NEXO) well worth the danger?

    Crypto lending is a dangerous space however regardless of this, it has truly been rising fairly quick over the previous couple of years. There are nonetheless many different revolutionary DeFi initiatives which might be making an attempt to beat this market. 

    Nexo is one in every of them and to this point, it looks like the challenge is doing rather a lot behind the scenes to ship worth for buyers. For a long-term guess, there isn’t any doubt Nexo is an honest asset.

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