NEXO Price Prediction
Forecast Based on AI Model
Drawing insights from our analysis that integrates historical price movements of NEXO, Our analysis, guided by the machine learning experts, yields forecasts for NEXO price trajectory up to 2024. With a comprehensive understanding of NEXO historical price movements and utilizing advanced algorithms, our team has derived predictions with a mean absolute error (MAE) value of 4 and an error value of 0.23%.
For the year 2024, our analysis indicates a projected yearly low of $0.869, with the high anticipated to reach $1.14. These forecasts are the outcome of a comprehensive approach designed to provide investors with reliable insights for strategic decision-making.
Prediction Table based on AI Model
| Date | Low | Average | High | ROI |
| 2024-11-19 | 1.02 | 1.03 | 1.05 | 7.93 |
| 2024-11-20 | 1.03 | 1.06 | 1.09 | 9.12 |
| 2024-11-21 | 1.03 | 1.06 | 1.11 | 10.32 |
| 2024-11-22 | 1.02 | 1.04 | 1.07 | 9.11 |
| 2024-11-23 | 1.04 | 1.06 | 1.08 | 10.31 |
| 2024-11-24 | 1.03 | 1.06 | 1.09 | 9.09 |
| 2024-11-25 | 1.04 | 1.06 | 1.1 | 11.49 |
| 2024-11-26 | 1.04 | 1.06 | 1.1 | 10.27 |
| 2024-11-27 | 1.03 | 1.05 | 1.08 | 9.05 |
| 2024-11-28 | 1.01 | 1.04 | 1.07 | 7.86 |
| 2024-11-29 | 1.04 | 1.06 | 1.09 | 10.23 |
| 2024-11-30 | 1.03 | 1.06 | 1.11 | 10.23 |
| 2024-12-01 | 1.01 | 1.04 | 1.08 | 9.02 |
| 2024-12-02 | 1.03 | 1.06 | 1.09 | 10.21 |
| 2024-12-03 | 1.04 | 1.06 | 1.1 | 11.43 |
| 2024-12-04 | 1.04 | 1.06 | 1.1 | 11.43 |
| 2024-12-05 | 1.05 | 1.08 | 1.13 | 13.88 |
| 2024-12-06 | 1.05 | 1.08 | 1.12 | 12.63 |
| 2024-12-07 | 1.08 | 1.1 | 1.13 | 13.86 |
| 2024-12-08 | 1.08 | 1.11 | 1.16 | 16.37 |
| 2024-12-09 | 1.11 | 1.13 | 1.17 | 17.65 |
| 2024-12-10 | 1.09 | 1.13 | 1.17 | 16.36 |
| 2024-12-11 | 1.1 | 1.14 | 1.17 | 16.36 |
| 2024-12-12 | 1.08 | 1.11 | 1.16 | 16.36 |
| 2024-12-13 | 1.08 | 1.11 | 1.16 | 16.36 |
NEXO Price Prediction 2025
According to our analysis conducted via our Machine Learning Model,NEXO is forecasted to achieve its peak value in 2025 at approximately $1.54, while potentially dipping to a low of $0.88. The average trading value during this period is projected to hover around $1.38.NEXO Price Prediction 2026
In 2026, NEXO is anticipated to potentially reach its peak value of $2.67, with a possible lower value of $1.2. The average trading value for this period is estimated to be approximately $2.41.NEXO Price Prediction 2027
As we look ahead to 2027, the trajectory of the NEXO coin may offer investors unexpected turns. Projections suggest peaks hitting $4.18 and lows stabilizing around $1.97, with an average trading value resting near $3.8.NEXO Price Prediction 2028
In the upcoming year of 2028, investors may witness noteworthy fluctuations in the value of the NEXO coin. Projections point towards a maximum value of $6.43, a minimum of $3.33, and an average value of approximately $5.72.NEXO Price Prediction 2029
Our market analysis indicates optimistic prospects for the NEXO crypto in 2029, with projected peaks at $9.77 and floors at $4.97. Moreover, the average trading value of this coin is anticipated to hover around $8.65.NEXO Price Prediction 2030
In 2030, our crypto analyst team and Machine Learning experts envision a varied outlook for the NEXO token. Projections indicate highs near $14.44, potential lows around $7.68, with an average value of about $12.94.Following the presentation of our forecast table, we provide users with convenient procedure links, offering insight into the comprehensive steps taken to derive our predictions. These resources afford transparency into our analytical process, detailing methodologies, data sources, and algorithms used to formulate forecasts, empowering users to grasp the intricacies behind our predictions.
Forecast Based on Technical Analysis
Bitcoin's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strength Index - RSI (14)
Both the 200-day and 50-day Simple Moving Averages (SMA) are forecasted to rise, with the former expected to reach $1.26 by the Nov 19, 2024. The Relative Strength Index (RSI) stands at 2.1498, indicating a Rise market stance. Overall, while the long-term forecast is Sell.
About nexo
NEXO Price Prediction FAQ
As a seasoned data analyst, I hold a deep understanding of statistical modeling, machine learning, and data mining techniques. I am adept at leveraging advanced algorithms to extract meaningful insights from complex, high-dimensional datasets. My expertise lies in developing high accuracy predictive models, optimizing business processes, and identifying emerging trends. With a strong focus on financial applications, I have successfully applied data-driven solutions to address many financial challenges.
As an accomplished AI/ML engineer, I effectively leverage advanced machine learning and deep learning techniques to address complex financial challenges. With a strong foundation in data science and proficiency in data mining, statistical analysis, and feature engineering, my expertise lies in developing predictive models, optimizing portfolios, and detecting anomalies in financial data.
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Sentiment: Sell
The NEXO is predicted to surge by 14.07% to $1.06 by Nov 26, 2024, though current indicators show a Bearish sentiment with 17 out of 30(57%) green days and a notable 23.01% price volatility over the past month.
NEXO Statistics
| NEXO Price | $0.964 |
| NEXO Price Change (24hr) | -0.75589% |
| NEXO Price Change (7d) | -18.9989% |
| NEXO Market | $539,949,000 |
| NEXO Trading Volume | 3,668,941 |
| NEXO All time high | $4.07 |
| NEXO Volatility | -9.4317% |
| NEXO Green Days | 17/30(57%) |
| NEXO 50-Day SMA | 1.04 |
| NEXO 200-Day SMA | 1.14 |
| NEXO 14-Day RSI | 68.2516 |
| NEXO Rate of Change | -0.7559% |