NEXO

NEXO


Price Prediction: is NEXO a Good Investment Today in 2022, and in 2025, 2030?

By BittsAnalytics

June, 2023

Current price and other data:

Symbol Price change (1d) Price (USD) Price change (1 week) Sentiment Sentiment change (1d) Sentiment change (1 week) Tweets volume change Trading volume change Volatility MarketCap
NEXO 0.671834 0.03-0.5 -1-0.29 0-85.7 -3.11.99 375478021



In this guide we will look at the Nexo from several different perspectives:

  • social media analytics
  • pricing data
  • technical analysis
  • developer activity
  • news


Is Nexo a good investment - what does social media tell us about this?

Social listening is a strategy that allows for the monitoring of social media channels to find out what people are saying about individual coins.

Our web platform collects this data non-stop, processing millions of social media posts each day.

From this social media data we determine:

  • number of times Nexo or NEXO is mentioned in social media posts
  • sentiment (positive or negative) of social posts in which Nexo or NEXO is mentioned (we use state-of-the-art machine learning model to compute sentiment of posts)
  • what are the most frequent words/topics mentioned in positive or negative sentiment posts that mention Nexo or NEXO. This allows our users to see which topics/news are positively / negatively impacting the price of Nexo

Why can tracker of crypto social media mentions help?

Tracking of social media mentions helps, because the price of coins is often intertwined with activity on social media.

See in the chart below how there was years of disinterest in Dogecoin on social media, followed by spikes in social media mentions along with price rise:






Social media mentions of Nexo

Let us now turn our attention to Nexo. You can see the number of daily mentions of Nexo and NEXO in social media posts in the following chart.



Comparison of hourly number of mentions on social media of Nexo and Bitcoin





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Social media sentiment of Nexo

Daily social media sentiment of Nexo and NEXO is available in the following chart (for longer history dating back to 2017, subscribe to one of our plans):



Comparison of hourly sentiment of NEXO and Bitcoin



The interesting development and insights can often be obtained from same data but based on smaller, hourly interval.

You can get the mentions and sentiment of coins on hourly level as well, by subscribing to one of our plans.

Interested in just the crypto sentiment of Bitcoin? Check out crypto sentiment analysis of bitcoin.



Analysis of most frequent words in positive/negative posts about Nexo and NEXO

As part of NLP analysis of social posts we determine the words that are most often found in positive and in negative social posts about Nexo and NEXO, using NLP analysis.

Words that are most frequently found in positive sentiment social posts about Nexo and NEXO are:

interest, earn, time, market, message, good, get, com, also, withdrawal, remain, getting, services, gradually, phasing, products, etc, for, new, free, post, the, know, please, rapidly, including, first, your, question, moderators, feel, maybe, trying, product, los, sure, really, fine, one, brand, people, but, s, want, used, isso, government, staking, por, mas,

Words that are most frequently found in negative sentiment social posts Nexo and NEXO are:

que, nexo, não, crypto, like, make, still, sec, mais, sem, como, mas, por, government, staking, isso, used, want, s, but, one, brand, people, really, sure, fine, trying, product, los, maybe, feel, moderators, your, first, question, rapidly, including, please, know, the, post, for, free, new, products, etc, gradually, phasing, services, getting,

See the 2D chart displaying full word analysis of social posts for this coin:







Interesting Reddit posts about Nexo

We collect interesting Reddit posts about Nexo, here is our selection of posts:

Reddit post



Nexo technical analysis view

Using trading data, we compute potential support and resistance levels for all cryptocurrencies, current chart for Nexo:



Important technical analysis method is chart patterns analysis. We use AI to detect various chart patterns, here is the chart showing trendlines for Nexo:





Bull and bear markets of Nexo

A bull market is a period of general rising prices in the crypto, stock or any other financial market. A bull market is typically preceded by a bear market and followed by a bear market.

We define a bull market as appreciation of price by more than 30% and bear market a period when the prices fall by more than 30%.

Nexo has experienced a number of bull and bear markets in the past, see chart below:



2020-09-22
2021-05-04
2018-09-13
2018-10-26
2019-09-01
2020-02-14



What is Nexo biggest bull run ?

Nexo biggest bull run started on Sep 22nd, 2020 and ended on May 4th, 2021.

During this time, the price of Nexo increased from 0.1180 USD to 3.9241 USD, resulting in a return of 3226.0 %.



What is Nexo 2nd biggest bull run ?

Nexo 2nd biggest bull run started on Sep 13th, 2018 and ended on Oct 26th, 2018.

During this time, the price of Nexo increased from 0.0452 USD to 0.1867 USD, resulting in a return of 313.5 %.



Historical bull and bear markets of Nexo:

Symbol Start Date End Date Start Price End Price Return
NEXO 2018-05-032018-05-090.213928804007770.694449498658542.2461710889259
NEXO 2018-05-092018-07-260.694449498658540.064608304517973-0.90696471861125
NEXO 2018-07-262018-07-300.0646083045179730.106222442121670.64409889586441
NEXO 2018-07-302018-09-130.106222442121670.045152761714068-0.57492257933263
NEXO 2018-09-132018-10-260.0451527617140680.186707741609773.1350237399011
NEXO 2018-10-262018-11-210.186707741609770.084921716656201-0.54516231665588
NEXO 2018-11-212018-12-050.0849217166562010.118562663802190.39614068663008
NEXO 2018-12-052018-12-160.118562663802190.063130015290673-0.46753882490362
NEXO 2018-12-162018-12-300.0631300152906730.0857928632876560.35898689225141
NEXO 2018-12-302019-02-070.0857928632876560.052912391595451-0.38325415928782
NEXO 2019-02-072019-03-060.0529123915954510.0972723366049810.83836590393968
NEXO 2019-03-062019-05-210.0972723366049810.061980566669345-0.36281404526093
NEXO 2019-05-212019-08-010.0619805666693450.127922124629941.0639069873688
NEXO 2019-08-012019-09-010.127922124629940.067118976059677-0.47531377974027
NEXO 2019-09-012020-02-140.0671189760596770.225651575959412.3619639214814
NEXO 2020-02-142020-03-170.225651575959410.083167314921661-0.63143481463377
NEXO 2020-03-172020-08-050.0831673149216610.236329800736561.8416187411986
NEXO 2020-08-052020-09-220.236329800736560.11798270794937-0.5007709244384
NEXO 2020-09-222021-05-040.117982707949373.924064263460632.259655856895
NEXO 2021-05-042021-05-243.92406426346061.4778697352239-0.62338289181824
NEXO 2021-05-242021-05-271.47786973522392.48913998703780.68427563520045
NEXO 2021-05-272021-06-272.48913998703781.2003834095475-0.51775174727072
NEXO 2021-06-272021-11-161.20038340954753.46703203101361.8882705337626


Other sources of historical data: Nexo free historical data for download

Nexo cryptocurrency API data

Download historical bull and bear markets data for Nexo by clicking on the button below :


Get csv of bull and bear markets

Sentiment of cryptocurrency news about Nexo and NEXO

We also compute sentiment for all the news that mention Nexo and NEXO. Here is an example of recent, sentiment annotated news about Nexo:

News Published
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0

Nexo price prediction - 2022, 2025, 2030

There are many possible approaches to price prediction of Nexo. Many of our clients decide to generate price predictions by using our API to download vast amounts of data we have accumulated since 2017 and then develop trading models using our data.

For backtesting, there are many excellent open source libraries available:








Is NEXO a good investment - quickly compare Nexo to other cryptocurrencies


The best ways to compare coins for potential are available if you subscribe to one of our plans.

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Will coin go up and is it a buy right now?






About Us

BittsAnalytics, developed by the company Alpha Quantum, is a leading analytics platform for cryptocurrencies, delivering social sentiment and other cryptocurrencies data since 2017. Homepage:
www.bittsanalytics.com

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Alpha Quantum
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Munich
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