Why did the price of NEXO go up?

Nexo (NEXO) increased by 1.15% in the last 24 hours, reversing declines seen over the past week (-5.23%) and month (-6.76%). This positive move is linked to recent platform updates and technical signals. Key factors include:

1. Strong product use – Borrowing through the Nexo Card jumped 72% year-over-year, showing users are sticking with the platform.
2. Technical rebound signs – An oversold Relative Strength Index (RSI) of 24.55 and support at $1.19 suggest short-term price stability.
3. Strategic growth – Nexo is re-entering the U.S. market via Base Network integration and expanding card availability in the UK.

In-Depth Analysis

1. Platform Growth & Adoption (Positive Outlook)

Summary: Nexo’s crypto-backed borrowing through its card has grown 72% compared to last year. Users are holding onto over 100,000 BTC and 750,000 ETH instead of selling (Finbold). This shows strong demand for Nexo’s hybrid credit/debit card, which offers 2% cashback and protects users from forced asset sales (liquidations).

Why it matters: Increased card use means more steady revenue for Nexo and less selling pressure on NEXO tokens, which are used for loyalty rewards. The platform’s assets under management (AUM) have grown to over $11 billion, and partnerships with organizations like the DP World Tour highlight its growing presence in crypto-backed finance.

What to watch: Look for Q4 2025 card usage numbers and whether Nexo will expand card access beyond the UK and European Economic Area (EEA).

2. Technical Indicators Suggest Possible Rebound (Mixed Signals)

Summary: On October 12, NEXO’s 7-day RSI dropped to 24.55, indicating the token was oversold. The price found support at $1.19, and the MACD histogram (-0.0049) shows that bearish momentum is easing.

Why it matters: Traders might see this oversold condition as a buying opportunity, especially since the price is above the 200-day simple moving average (SMA) at $1.23. However, resistance at $1.24 (the 50% Fibonacci retracement level) needs to be broken for a clear bullish trend to emerge.

Key level: Closing above $1.24 could spark more buying momentum, while failure to break this level might lead to a retest of the yearly low at $1.12.

3. Regulatory & Market Positioning (Neutral to Positive)

Summary: Nexo is making a comeback in the U.S. by partnering with Base Network, an Ethereum Layer 2 solution. This improves the ease of transferring ETH and USDC, aligning with clearer crypto regulations under the current U.S. administration.

Why it matters: These regulatory improvements and infrastructure upgrades could attract more institutional investors. However, the overall crypto market remains cautious, with the Crypto Market Fear & Greed Index at 31, limiting strong rallies in alternative coins.

Conclusion

Nexo’s recent 24-hour price increase is driven by oversold technical conditions, growing product use, and strategic market expansions. However, broader market uncertainty and Bitcoin’s dominance (59.59%) may limit further gains.

Key point to watch: Can NEXO maintain support around $1.20 amid mixed market sentiment? Keep an eye on Nexo’s Q4 user growth and Bitcoin ETF inflows for signals about overall crypto market liquidity.

What could affect the price of NEXO?

Nexo’s price is influenced by both positive and negative factors: growing product use supports the price, while broader economic and regulatory challenges create uncertainty.

1. Nexo Card Expansion – Launching in the U.S. could increase its usefulness (Positive).
2. Regulatory Uncertainty – Ongoing SEC scrutiny remains a concern (Negative).
3. Technical Indicators – Oversold signals suggest a possible price bounce (Mixed).

Deep Dive

1. Nexo Card & Governance (Positive Impact)

Overview:
Nexo offers a crypto-backed card that lets users spend their cryptocurrency without selling it. After success in Europe, the card is now coming to the U.S. Later in 2025, Nexo plans to introduce governance features, allowing token holders to vote on dividend policies. This could reduce the pressure to sell tokens.

What this means:
More people using the Nexo card could increase demand for NEXO tokens, especially since holding tokens unlocks rewards like higher interest rates. The new governance system may help keep prices stable by aligning the interests of users and the company (Nexo AMA).

2. Regulatory Risks (Negative Impact)

Overview:
Nexo’s return to the U.S. market through the Base Network is under close watch by regulators. The SEC has questioned whether NEXO tokens are securities, and new lending regulations could limit the interest rates Nexo can offer.

What this means:
These regulatory challenges might slow down user growth in the U.S. or force Nexo to change its products, which could hurt the price. However, Nexo’s efforts to comply with regulations, like obtaining licenses from New York’s financial authorities, may help reduce these risks (Cointelegraph).

3. Technical & Market Sentiment (Mixed Impact)

Overview:
NEXO’s Relative Strength Index (RSI) is at 24.55, indicating the token is oversold and might rebound soon. However, the price faces resistance around $1.27, a key technical level. The overall crypto market sentiment, measured by the Fear & Greed Index at 31, shows caution, which could delay gains in altcoins like NEXO.

What this means:
There could be a short-term price bounce, but broader market weakness, including Bitcoin’s dominance at 59.6%, might limit how much NEXO can rise. A price move above $1.27 would be a positive sign to watch.

Conclusion

Nexo’s price outlook depends on how quickly the U.S. card rollout gains traction and how regulatory issues unfold. Governance updates and oversold technical signals offer potential for gains, but SEC scrutiny and a cautious market environment present challenges. The key question is whether U.S. adoption of the Nexo card will outpace regulatory hurdles in the fourth quarter.

What are people saying about NEXO?

Nexo’s community is buzzing with mixed feelings—some traders are cautious, while others are optimistic about the growing use of Nexo’s products. Here’s the latest:

1. Traders are watching for a breakout above $1.33 after a period of price stability
2. Nexo Card usage jumped 72% year-over-year, showing users prefer borrowing over selling crypto
3. A $183 million Ethereum transfer has sparked speculation about Nexo’s liquidity moves

In-Depth Look

1. @Nexo: Nexo Card usage is growing fast

Nexo reported a 72% increase in crypto-backed borrowing through the Nexo Card compared to last year. Users are keeping 100,000 Bitcoin and 750,000 Ethereum as collateral.
– @Nexo (1.2M followers · 12K impressions · 2025-07-10 16:00 UTC)
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What this means: This is good news for NEXO. More people using the card means the product fits well with user needs. It also means fewer users are selling their crypto, which helps keep the token’s price stable. Plus, Nexo earns more from interest on these loans.

2. @EmberCN: Big Ethereum moves by Nexo raise questions

Nexo moved 48,321 ETH (worth $183 million) from EtherFi to Binance, then transferred 20,000 ETH to Aave. It’s unclear if this is just rebalancing assets or preparing to sell.
– @EmberCN (89K followers · 230K impressions · 2025-07-30 14:20 UTC)
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What this means: This is neutral for NEXO. Large transfers like this can mean Nexo is trying to optimize returns by moving assets between decentralized finance (DeFi) and centralized exchanges (CEX). It doesn’t necessarily mean they’re selling off, but traders might expect some short-term price swings.

3. CoinMarketCap Community: Price is steady but watch for a breakout

NEXO’s price has been stuck between $1.29 (support) and $1.34 (resistance). A move above $1.33 could lead to a 2% rally to $1.35.
– CMC Technical Analyst (Post score: 10/10 · 2025-08-19 10:17 UTC)
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What this means: This is neutral for NEXO. The tight price range shows uncertainty among traders. However, if the price breaks above $1.33, momentum traders might jump in, especially since the token has dropped 5.5% over the past week.

Conclusion

Opinions on NEXO are mixed. On one hand, strong product growth like the Nexo Card adoption is a positive sign. On the other hand, cautious price action and large asset movements suggest traders are watching closely. Keep an eye on the $1.33 resistance level and Nexo’s Ethereum transfers to get a better sense of where the token might head next. The key question is whether Nexo’s growing real-world use can overcome broader challenges in the crypto market.

What is the latest news about NEXO?

Nexo’s recent security improvements and attractive yield options keep it competitive in the crypto space. Here’s what’s new:

1. Anti-Scam Engine Upgrade (September 29, 2025) – Improved fraud detection through a partnership with Bybit.
2. Top Stablecoin Yields (October 10, 2025) – Earn up to 16% annual interest on USDT, making Nexo a leading choice.
3. Staking Platform Recognition (October 11, 2025) – Named one of the best staking platforms for its flexibility and security.

Deep Dive

1. Anti-Scam Engine Upgrade (September 29, 2025)

Overview:
Nexo teamed up with Bybit to enhance its Anti-Scam Engine by adding blockchain analytics and real-time transaction tracking. This system now monitors transactions on seven different blockchain networks (including Ethereum and BNB Chain) and pauses any suspicious activity for manual review.

What this means:
This upgrade helps protect users from hacks and phishing scams, which can increase trust in the platform. Stronger security is especially important for attracting institutional investors. However, there is still some risk during times of market volatility when assets are used as collateral.
(Finbold)

2. Top Stablecoin Yields (October 10, 2025)

Overview:
Nexo offers up to 16% annual percentage yield (APY) on USDT deposits with a 12-month lock-up, and 13% APY on flexible accounts. Users who hold NEXO tokens can earn even higher rates, according to Coinspeaker’s 2025 stablecoin guide.

What this means:
These competitive interest rates could attract more users, especially since traditional U.S. bank rates are much lower (around 4.35% APY). However, the long-term success depends on Nexo’s financial health and regulatory clarity around stablecoins like USDC, which is considered safer by some.
(Coinspeaker)

3. Staking Platform Recognition (October 11, 2025)

Overview:
AMBCrypto named Nexo one of the top staking platforms for October, highlighting its support for staking popular cryptocurrencies like BTC, ETH, and DOT without lock-up periods. Nexo also offers insurance-backed custody for added security.

What this means:
This recognition boosts Nexo’s reputation in centralized finance (CeFi) staking. While decentralized finance (DeFi) platforms like Lido and Rocket Pool offer more decentralization, Nexo’s flexible terms and insurance may appeal to users who want easier access and more security during volatile markets.
(AMBCrypto)

Conclusion

Nexo is focusing on stronger security, competitive yields, and greater visibility to keep users engaged in a cautious market. The big question remains: can its hybrid CeFi approach compete as decentralized finance grows and regulations tighten?

What is expected in the development of NEXO?

Nexo’s roadmap is focused on growing its products, increasing the usefulness of its token, and building strong partnerships.

1. Global Nexo Card Rollout (2025) – Making the Nexo card available in more countries with added features.
2. NEXO Token Utility Expansion (2025) – Offering new benefits, voting rights, and getting listed on more exchanges.
3. AI-Powered Wealth Tools (Ongoing) – Improving portfolio insights and adding automated investment options.
4. Regulatory Compliance & Market Growth – Returning to the U.S. market through Base Network integration.

Deep Dive

1. Global Nexo Card Rollout (2025)

Overview: Nexo plans to expand its credit/debit card worldwide, focusing on regions like Latin America and Southeast Asia. Partnerships with Mastercard and features like direct salary deposits are designed to increase card use. The card’s crypto-backed borrowing grew 72% year-over-year (Finbold).

What this means: This is positive for NEXO because more card use means more demand for NEXO Tokens as collateral and rewards. However, entering new markets may face regulatory challenges.

2. NEXO Token Utility Expansion (2025)

Overview: Nexo’s 2025 plan includes improving how the NEXO token can be used, such as upgrading the loyalty program, giving stakers access to Launchpool, and adding new exchange listings.

What this means: This could help reduce selling pressure on the token and increase its value, but overall token performance will still depend on the broader crypto market.

3. AI-Powered Wealth Tools (Ongoing)

Overview: Since August 2025, Nexo’s AI Assistant offers portfolio analysis and automated trading strategies. Future updates will add voice control and more advanced tools (Nexo).

What this means: These tools can help keep users engaged and attract institutional investors, though relying on AI might be risky during unstable markets.

4. Regulatory Compliance & Market Growth

Overview: Nexo re-entered the U.S. market in May 2025 by partnering with Base Network, allowing cheaper ETH and USDC transfers. The company is also focusing on meeting regulatory standards, earning SOC 2/3 certifications to build trust (Nexo).

What this means: Compliance helps attract institutional clients but may slow down new product launches in the short term.

Conclusion

Nexo is focusing on making crypto more practical through card expansion, AI tools, and regulatory compliance. While growth looks promising, challenges like economic conditions and competition in crypto finance remain.

How will changing U.S. crypto regulations affect Nexo’s plans for 2026?

What updates are there in the NEXO code base?

Nexo's latest updates focus on improving the app and its underlying systems to make your experience smoother and more informative.

1. AI Insights Integration (July 28, 2025) – Get personalized crypto news alerts right on your phone.
2. iOS Widget Launch (July 16, 2025) – Track your portfolio in real-time directly from your iPhone’s home screen.
3. Chart Interface Overhaul (June 23, 2025) – Enjoy smoother price charts with live updates and clearer visuals.

Deep Dive

1. AI Insights Integration (July 28, 2025)

What it is: Nexo added smart notifications that use artificial intelligence (AI) to deliver important market news and trends tailored just for you. This feature is available to Loyalty tier members.
How it works: The system uses natural language processing (NLP), a type of AI that understands and analyzes text from crypto news and market data in real-time. This means you get alerts that matter most without having to search for them yourself.
Why it matters: This update makes it easier to stay informed and react quickly to market changes, which is great for active traders and could help grow NEXO’s user base. (Source)

2. iOS Widget Launch (July 16, 2025)

What it is: Nexo introduced a new widget for iPhones that shows your portfolio balances and watchlist prices right on your home screen. You can customize it and it respects your privacy settings.
How it works: Built with SwiftUI (Apple’s design framework), the widget securely fetches your data every 5 minutes using Nexo’s encrypted API. It adjusts to different sizes and supports both light and dark modes.
Why it matters: While this doesn’t directly affect NEXO’s value, it makes the app easier to use and encourages you to check your investments more often, which helps keep users engaged. (Source)

3. Chart Interface Overhaul (June 23, 2025)

What it is: Nexo revamped its price charts to be more responsive and user-friendly, adding features like vibration feedback, live updates every 3 seconds, and color-coded trend indicators.
How it works: The update uses faster WebSocket connections to reduce delays by 40%, and CanvasJS libraries to render charts smoothly.
Why it matters: This upgrade benefits both casual users and professional traders by providing clearer and faster market data, making NEXO’s platform more useful and appealing. (Source)

Conclusion

Nexo’s recent improvements focus on making the app more user-friendly and responsive, helping bridge the gap between crypto and everyday finance. These ongoing updates could help position NEXO as a leader in crypto app innovation.