NEX Profile

NEX
 Crypto
  

USD 0.12  0.10  45.45%   

Market Performance
0 of 100
Odds Of Distress
Less than 1
NEX is trading at 0.12 as of the 7th of December 2022, a -45.45% down since the beginning of the trading day. NEX has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Cryptocurrency ratings for NEX are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 7th of November 2022 and ending today, the 7th of December 2022. Click here to learn more.
NEX is peer-to-peer digital currency powered by the Blockchain technology. More on NEX
NEX is an internet market maker for peer-to-peer digital cash-like asset called Cryptocurrency. NEX has been active in the last 3 months, and it is now trading with a bearish sentiment. Cryptocurrencies such as NEX are digital assets that allow for secure payments and are represented by ledger entries internal to the system, generally referred to as a blockchain. Blockchain implementations use encryption algorithms and cryptographic techniques that safeguard entries in the ledger. Cryptocurrency assets such as NEX are becoming very popular among investors and have been praised for their portability, inflation resistance, and transparency. However, they face a lot of criticism, including lack of tax regulations, exchange rate volatility, and infrastructure vulnerabilities.

NEX Crypto Coin Highlights

Most cryptocurrency investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend or investor sentiment. NEX's investment highlights are automatically generated signals that are significant enough to complement your investing judgment regarding NEX or challenge it. These highlights can help you better understand the crypto position you are entering and avoid costly mistakes.
NEX generated a negative expected return over the last 90 days
NEX has high historical volatility and very poor performance
NEX has some characteristics of a very speculative cryptocurrency
NEX is one of many evolving digital currencies in which encryption is used to regulate the generation of units of currency and verify the transactions independently of a central authority. It is traded on few exchanges in multiple currencies. Nash Exchange is a platform for cryptocurrency exchanges and payments. Users on this network are able to transact digital assets through an off-chain matching engine that allows trades across multiple blockchains, such as NEO or Ethereum. Nash Exchange has developed a crypto wallet extension where it is possible for the user to coordinate actions between NEX, Dapps (decentralized applications) and websites.The NEX token is a NEO-based cryptocurrency. It allows holders to claim a share of fees generated by the payment service and exchange. The NEX token was designed to improve holders rewards as the platform fees volume grow.What started as a renaming due to a legal case involving the NEX brand evolved into a full rebrand, to Nash. The “NEX token will retain its ticker, now representing the name “Nash Exchange. Chief designer Nathaniel Walpole was on hand to discuss the new logo and design philosophy, which is intended to imply “motion, speed, and approachability.
SymbolNEX
RatingE-
Technology Adoption RatingE-
Market Performance RatingE+
NameNEX
Sponsoredfalse
Built OnNEO
Is Tradingtrue
Asset Launch Date2017-10-25
Full NameNash Exchange (NEX)
Asset Website Urlhttps://nash.io/
Asset Token StatusOngoing
Platform Typetoken
Coin NameNash Exchange
Total Coins Mined50 Million
Smart Contract Address3a4acd3647086e7c44398aac0349802e6a171129
NEX (NEX) is traded on CRYPTO Exchanges. NEX is peer-to-peer digital currency powered by the Blockchain technology.

NEX's Exchanges and Markets

Switcheo

NEX Target Price Odds Analysis

What are NEX's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of NEX jumping above the current price in 90 days from now is close to 99%. The NEX probability density function shows the probability of NEX crypto coin to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon NEX has a beta of -0.1066. This indicates as returns on benchmark increase, returns on holding NEX are expected to decrease at a much lower rate. During the bear market, however, NEX is likely to outperform the market. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. NEX is significantly underperforming NYSE Composite.
  Odds Below 0.12HorizonTargetOdds Above 0.12
0.00%90 days
 0.12 
100.00%
Based on a normal probability distribution, the odds of NEX to move above the current price in 90 days from now is close to 99 (This NEX probability density function shows the probability of NEX Crypto Coin to fall within a particular range of prices over 90 days) .

NEX Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. NEX market risk premium is the additional return an investor will receive from holding NEX long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in NEX. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although NEX's alpha and beta are two of the key measurements used to evaluate NEX's performance over the market, the standard measures of volatility play an important role as well.

NEX Technical Analysis

When it comes to investing in cryptocurrency, such as NEX, the assumption holds that everything in the market that could affect the price of crypto is already reflected. Therefore, the price of NEX, which is currently traded at 0.12, shows everything you need to know about NEX market value. You don't have to consider the fundamental factors that affect a crypto asset, such as NEX, to determine its price movements. However, the NEX's price action will always exhibit trends, even in random market movements, regardless of the timeframe you use - so NEX's future price movement is more likely to follow an established trend and the cryptocurrency technical analysis is one of the ways to project NEX's future price trend
Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. NEX Price Movement is a mathematical transformation function to describe exponentially increasing price patterns.
.

NEX Against Markets

Picking the right benchmark for NEX crypto coin is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in NEX crypto coin price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for NEX is critical whether you are bullish or bearish towards NEX at a given time.

Be your own crypto manager

Our tools can tell you how much better you can do entering a position in NEX without increasing your portfolio risk or giving up the expected return. As an individual cryptocurrency investor, you need to find a reliable way to track the performance of all your tokens in a consistent way. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall cryptocurrency portfolio.

Did you try this?

Run CEO Directory Now

   

CEO Directory

Screen CEOs from public companies around the world
All  Next Launch Module

How to invest in NEX

You need to understand the risk of getting into digital currencies such as NEX before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in NEX in four ways:

Buy NEX through an exchange

Get yourself a crypto wallet before embarking on your NEX journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase NEX. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.

Purchase fractions of NEX through an exchange

You don't have to buy a full token when starting out since NEX is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.

Trade NEX through a broker

If you don't want to store your NEX Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.

Invest in NEX through an exchange-traded fund (ETF)

You can also invest in NEX through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.

Investing Ideas

In addition to having NEX in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Thematic Ideas
Explore Investing Ideas  
Additionally, see Correlation Analysis. Note that the NEX information on this page should be used as a complementary analysis to other NEX's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Piotroski F Score module to get Piotroski F Score based on binary analysis strategy of nine different fundamentals.

Other Tools for NEX Crypto Coin

When running NEX price analysis, check to measure NEX's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy NEX is operating at the current time. Most of NEX's value examination focuses on studying past and present price actions to predict the probability of NEX's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move NEX's coin price. Additionally, you may evaluate how adding NEX to your portfolios can decrease your overall portfolio volatility.
Correlation Analysis
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
Go
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
Go
Focused Opportunities
Build portfolios using our predefined set of ideas and optimize them against your investing preferences
Go
Portfolio Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios
Go
Fund Screener
Find actively-traded funds from around the world traded on over 30 global exchanges
Go
Fundamentals Comparison
Compare fundamentals across multiple equities to find investing opportunities
Go
Portfolio Volatility
Check portfolio volatility and analyze historical return density to properly model market risk
Go
Price Ceiling Movement
Calculate and plot Price Ceiling Movement for different equity instruments
Go