Bitcoin Forum

Nex, where we joined ico with great expectations, saw $ 3.3 in 2019. But after that,it was on the downtrend. Last week,team activated BTC trading on Nash exchange platform. We saw ATH volume on exchange with 650k $. Actually there are 11million Nex staked in contract and Nex is 1.02$ now. Community is looking forward to see own fiat-ramps and Nash pay systems active. In Q1 report Co-Founder of project Ethan Fast said that he will focus lending and margin trading so everybody got excited with this news. We will see near future.

Every investor is always excited when there are news like this that a new opening or listing has been added for a specific coin and that boosts the volume for specific period of time. As for the the lending and margin trading, this is the strategy that they can see which will attract more traders to come in to them and help them increase the volume. But with all honesty, I'm not excited anymore with these news whenever I see an exchange that adds some features that other reputable exchanges already have. Well, the traders who are aware of those features that can be found to a more reputable exchange think of why they would jump on yours if they already have known a better place.

NEX is just one of the hyped projects  with decent team behind it, all these  projects that raised money during the top of ICO are finding it difficult breaking into the market, to be sincere the exchange market is very saturated now and if you do not have deep pocket and good reserve you will just be among the herd.

if everything is as good as you say, then we should look at this coin. Now there are very few projects that really work on the development of their project. most of them say they are not doing anything because of a pandemic

I'm looking at NEX here:


https://athcoinindex.com/coin/neon-exchange

Still decent gains though, but I guess it is still a long way to go from here. Just a shade below $1.0 now, so obviously, the growth is very slow and not sustainable. So it really needs to make a lot of grounds here. Margin trading? yeah it sound cool, but they have to understand that competition is very tough as well. They have to offer something unique to traders before they move to their platform.

Of course,market needs new money inflows. Nash set out to become a fintech company.They are trying to offer lending,non-custodial Btc trading,payment etc. If we can see bull season after this halving,it can be good for like these projects. They have long way to achieve something. Also thats the first week of Btc trading. We believed and now following them to be in this crypto world.

I guess after bitcoin's 20% leap, few altcoins also managed to follow bitcoins with its recent rally which must be a good sign for altcoin markets too bouncing back around the upcoming bitcoin halving. Investors who managed to invest with nex token some one month back might be enjoying the most benefit but I am afraid there could be very little number of such investors.

Because, by considering my own experiences with altcoins, when I first see some big dips like 30% or 0%, I rushed to buy with the expectation of turning of markets but no altcoin worked on that way. I guess almost all the altcoins may get back to bullish mode only after bitcoin turns bullish.

Bitcoin has been recovering since the fall of 2018 and we are approaching the halving, a catalyst for a bull run if you look at past history, so I doubt that we will see bitcoin going on lower lows for the next coming months. Regarding the NEX token, if the project is solid and legit then it can make it's own direction without bitcoin's influence. They are somewhat targeting the European market, plus they have staking as well. So both of that will drive NEX, and as per roadmap,  “empower more than one billion users to invest, trade and manage digital assets by 2030.”

I did my research on this project, yes, I agree that a lot of things has been going on with the exchange themselves which is really good, specially the staking part - a new trend in crypto market, that delivers token economics for investors. I just mentioned that there could be competitions and that they need to evolved and make sure that they can stay in the crypto industry and make their own names. So let's see how it goes for them.

That is what will happen if bitcoin falls. The altcoin will always follow bitcoin too. But that will not work for all of the altcoins because some altcoin can still increase, although not much. We don't know if NEX can still survive if bitcoin falls or not, and if NEX can still increase, that will good for him because he can make a profit later. But if it's not, then he should wait for a while. I don't know much about NEX because I don't have an interest in the new coins as it is hard to analyze and collect the information.

the addition of an exchange place might attract other traders if it is done in a large exchange, if it only adds to an exchange in an unreputed exchange, of course it is not good news.
in fact the development in the project itself is more important than the exchange that must be added.

Sorry but I can't seem to find NEX token in https://coinmarketcap.com/...

these are the names of the token that will pop up when I search

https://imgbbb.com/images/2020/05/05/token.png

It's not listed in CMC yet? anyone likes to help me direct where I can see the information about this token please?

It seems in photo,you can see  NASH EXCHANGE (NEX) :)

I supposed to think that it is really a token but something it directs as into NEX exchange.  
But anyway, I'd never feel excited about this thing, and I'm not sure also if it catches investors to put their money. Hypes could be the reason why we saw its market volume moves high. We should be careful into this kind of event, they are making a way to attract other player but I don't think it is enough since people are now aware of this trick.

Me too. They are walking step by step to the achivement.

I found Nex on WorldCoinIndex.

The price is dropped a lot since mid May. Nex is probably a hype and the thing with hypes is that it only last for a short period.

This is why people should give credit to exchanges that manage to make and grow better in the face of a highly saturated market, they raise such amount of money yet they are unable to dive deep into the exchange market and become among middle class exchange, I think it also rely more on good management, if there is misappropriation of funds it will be difficult to reach the goal.

I see, thanks.


The price of this token will be very volatile since it's listed in a smaller exchange and it could pumped and dumped anytime, and honestly, I would not invest in this token seeing where it's listed and it's current trading volume.

This could be just a hype but just like the old times, hype is not gonna last, price will once again dump.