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    Nexus Mutual

    NXM

    Rank #293

    $73.42

    +1.43%
    24H Low$72.14
    $74.3724H High
    24H Volume
    $--
    All-Time High(ATH)
    $185.97
    All-Time Low(ATL)
    $6.96
    Market Cap
    $307.92 M
    Fully Diluted Valuation
    $307.92 M
    Market Cap/FDV
    100%
    Circulating Supply
    4.19 M NXM
    Total Supply
    4.19 M NXM
    Max Supply
    4.19 M NXM
    Market Sentiment
    Neutral
    * Data from 3rd parties

    Nexus Mutual (NXM) Price Trends

    Time period
    Change amount
    % Change
    1H
    $-0.2900
    -0.40%
    24H
    $+1.04
    +1.43%
    7D
    $+3.2
    +4.56%
    30D
    $+4.22
    +6.09%
    1Y
    $+23.83
    +48.06%

    Live Nexus Mutual (NXM) Price Update

    Nexus Mutual price today is $73.42 with a 24-hour trading volume of $--, and as such Nexus Mutual has a market cap of $307.92 M, giving it a market dominance of 0.010%. The Nexus Mutual price moved 1.43% in the last 24 hours.

    Nexus Mutual reached its highest price on 2021-11-10 when it was trading at its all-time high of $185.97, while its lowest price was recorded on 2020-07-22 when it was trading at its all-time low of $6.96. The current lowest price since the last cycle high was $6.96, and the highest price since the last cycle low was $185.97. The social sentiment of Nexus Mutual is currently Positive.

    The current circulating supply of Nexus Mutual is $4.19 M NXM. In terms of market cap, Nexus Mutual is currently ranked 293.

    About Nexus Mutual (NXM)

    Nexus Mutual is a decentralized insurance protocol built on Ethereum that currently offers cover for smart contracts on the Ethereum blockchain, currently covering all the main defi protocols. Nexus Mutual offers coverage against smart contract failures, which protects against potential bugs in smart contract code.  The coverage intends to provide protection against financial losses that may be incurred due to hacks or exploits in the smart contract code. Note that smart contract cover only protects against “unintended uses” of smart contracts, so security events such as the loss of private keys or centralized exchange hacks are not covered. In December 2020, it released custody cover covering centralised custodians and lenders such as Celsius, Blockfi, and Nexo. 

    FAQs

    1. What determines the price movement of Nexus Mutual?

    There are two schools of thought in determining the price of Nexus Mutual.
    By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Nexus Mutual, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Nexus Mutual from a long term perspective.
    By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Nexus Mutual on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Nexus Mutual as well.
    Investors tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Nexus Mutual and the cryptocurrency market as a whole.

    Nexus Mutual Tokenomics

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    Nexus Mutual Analysis

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