This Factor Helped to Push Ethereum’s Nexus Mutual (NXM) Up 40% Today
One coin, in particular, has stood out: Wrapped NXM (WNXM) or NXM, an Ethereum-based coin for the Nexus Mutual protocol that has gained over 40% in the past 24 hours. Remi Tetot, the co-founder of macro research firm Global Macro Investor, recently commented that he thinks Nexus Mutual is crucial as the value of coins locked in DeFi grows, along with the number of users:
“NXM is unique in its offering but also in the way its price model works.
He added that he expects the coin to outperform Ethereum in the short term due to the project’s underlying mutual model:
“NXM price collapsed in the last crypto correction, between Sept 2nd and Sept 6th, from $75 (intraday) to nearly $30. Featured Image from Shutterstock
Price tags: wnxmusd, wnxmbtc, wnxmeth, nxmbtc, nxmusd, nxmeth
Charts from TradingView.com
This Factor Helped to Push Ethereum's Nexus Mutual (NXM) Up 40% Today
