Nexo presyoNEXO

CRYPTO REPORT OF THE DAY: Here are the Top 3 Gainers🟢 1️⃣ #Cosmos ( $ATOM ) 🔼8.11% 🏷$4.81 2️⃣ #Pendle ( $PENDLE ) 🔼3.48% 🏷$3.11 3️⃣ #Nexo ( $NEXO ) 🔼2.46% 🏷$1.06

DeXe Protocol (DEXE) captured significant attention recently due to a reported surge in large whale transactions associated with its token. According to data from analytics platform Santiment, DeXe led crypto charts with a 340% increase in whale transactions (defined as those exceeding $100,000 in value) over the past week.. This marked rise in large transaction activity placed DeXe ahead of other notable cryptocurrencies measured by Santiment for this metric during that period, including Nexo (NEXO), OKB (OKB), Maker (MKR), and Gala (GALA A major apparent catalyst for DeXe’s growing on-chain traction is the recent launch of governance staking features within its newly upgraded DeXe decentralized application (dApp). The protocol announced on March 31st that over $300 million worth of DEXE had already been staked through this new system. This mechanism allows users to earn staking rewards while maintaining full voting power in the protocol’s governance. Related: Crypto Market Divided Ahead of April 2 “Liberation Day”: BTC Waits, Alts Run The governance staking model also offers eight flexible staking tiers available across both the Ethereum and BNB Chain networks. It provides high Annual Percentage Rates (APRs) that vary depending on the user’s chosen staking duration, aiming to incentivize long-term holding. Additionally, on March 25th, the DeXe project had announced the launch of a $5 million community subDAO initiative. This provides an opportunity for DEXE token holders and community members to actively participate in shaping the future direction and development priorities of the protocol through dedicated funding. The initiative is particularly significant given that DeXe holds a $1.2 billion treasury, making it one of the largest DAOs in the crypto space. Also last week, the protocol debuted its upgraded DeXe dApp platform . This new application, built by the DeXeDAOStudio team, is positioned by the project not merely as a routine update but as a foundational layer for building future “programmable economies.” Despite these apparently positive fundamental and on-chain developments, DEXE’s market price currently trades near $14.90. This marks a sharp 18% drop over the past 24 hours, according to CoinMarketCap data, reflecting broader market weakness or perhaps profit-taking. The token faces strong immediate resistance overhead at its 20-day Exponential Moving Average (EMA), located near $17.25. Related: DeXe (DEXE) Price Prediction 2025-2030: Will DEXE Price Hit $35 Soon? The Relative Strength Index (RSI), a momentum indicator, currently reads near 46.29. This level suggests momentum is currently neutral-to-bearish overall. However, the recent gradient of the RSI line indicates a sharp bounce away from previously oversold levels (below 30). This could suggest increasing underlying buyer demand emerging at these lower price points despite the recent pullback. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Global trade war concerns will pressure both cryptocurrency and traditional markets until at least the beginning of April, but the potential resolution may bring the next big market catalyst. Bitcoin’s (BTC) price fell over 17% since US President Donald Trump first announced import tariffs on Chinese goods on Jan. 20, the first day after his presidential inauguration. Despite a multitude of positive crypto-specific developments, global tariff fears will continue to pressure the markets until at least April 2, according to Nicolai Sondergaard, a research analyst at Nansen. The analyst said during Cointelegraph’s Chainreaction daily X show on March 21: “I’m looking forward to seeing what happens with the tariffs from April 2nd onwards, maybe we’ll see some of them dropped but it depends if all countries can agree. That’s the biggest driver at this moment.” Risk assets may lack direction until the tariff-related concerns are resolved, which may happen between April 2 and July, presenting a positive market catalyst, added the analyst. President Trump’s reciprocal tariff rates are set to take effect on April 2, despite earlier comments from Treasury Secretary Scott Bessent that indicated a possible delay in their activation. Fed’s interest rates are also contributing to market slump High interest rates will also continue pressuring risk appetite among investors until the Federal Reserve eventually starts cutting rates, explained Sondergaard, adding: “We’re waiting for the Fed to see proper “bad news” before they will really start cutting rates.” Markets are currently pricing in an 85% chance that the Fed will keep interest rates steady during the next Federal Open Market Committee (FOMC) meeting on May 7, according to the latest estimates of the CME Group’s FedWatch tool. Still, the Federal Reserve indicates that inflation and recession-related concerns are transitory, particularly regarding tariffs, which may be a positive sign for investors, according to Iliya Kalchev, dispatch analyst at Nexo digital asset investment platform. “Markets may now expect upcoming economic data with greater confidence,” the analyst told Cointelegraph, adding: “Cooling inflation and stable economic conditions could further boost investor appetite, driving additional upside for Bitcoin and digital assets.” “Keep an eye on key reports, including Consumer Confidence, Q4 GDP, jobless claims, and next week’s crucial PCE inflation release, to gauge the likelihood of future rate cuts,” the analyst added. $BTC

Swiss National Bank Governor Martin Schlegel reaffirmed the central bank’s position against incorporating Bitcoin or other digital assets into its foreign exchange reserves. Schlegel expressed concerns to Bloomberg regarding Bitcoin’s ( BTC ) high volatility, instability, and the regulatory challenges associated with cryptocurrencies. These factors were cited as the main reasons for his position. He highlighted that the Swiss National Bank’s reserves are meant to support monetary policy, and he noted that digital assets do not align with this goal. This position is consistent with Schlegel’s earlier remarks . In a November 2024 event, he expressed caution regarding cryptocurrencies like Bitcoin and Ethereum ( ETH ), labeling them as niche phenomena unsuitable for payment purposes due to significant value fluctuations. He also highlighted concerns about the high energy consumption required for cryptocurrency operations and their association with illegal activities, making them difficult to regulate. Despite the SNB’s reluctance to adopt digital assets, Switzerland continues to be a hub for blockchain innovation. Recently, the Swiss subsidiary of the Stuttgart Stock Exchange, BX Digital, received approval from the Swiss Financial Market Supervisory Authority to operate a blockchain-based trading system. This platform enables direct settlement and transfer of assets using Ethereum-based blockchain technology, eliminating intermediaries and reducing transaction times and costs. Nexo also just expanded its Nexo Card to Switzerland and Andorra on Feb. 11 as part of its 2025 Growth Plan. The card, which combines debit and credit functions, reached a 62% adoption rate among eligible users in the European Economic Area.

Bitcoin may stage a recovery above the key $90,000 psychological mark amid easing monetary inflation concerns in the world’s largest economy. Bitcoin’s BTCUSD over two-month downtrend has raised numerous alarms that the current Bitcoin bull cycle may be over, defying the theory of the four-year market cycle. Despite widespread investor concerns, Bitcoin may be on track to a recovery above $90,000 due to easing inflation concerns in the United States, according to Markus Thielen, the CEO of 10x Research. “We can see some counter-trend rally as prices are oversold, and there is a good chance that the Fed is mildly dovish,” Thielen told Cointelegraph, adding: “This is not a major bullish development, rather some fine-tuning from the policymakers. We think $BTC will be in a broader consolidation range but we could trade back towards $90,000.” Investor confidence may also be improved by Federal Reserve Chair Jerome Powell’s comments indicating that the Fed will “remain on hold amid rising uncertainty among households and businesses,” wrote 10x Research in a March 17 X post, adding: “Powell also expressed doubts about the sustained inflationary impact of Trump’s tariffs, referencing the 2019 scenario where tariff-related inflation was temporary, and the Fed eventually cut rates three times.” Meanwhile, investors are eagerly awaiting today’s Federal Open Market Committee (FOMC) meeting, for cues on the Fed’s monetary policy for the rest of 2025, a development that may impact investor appetite for risk assets such as Bitcoin. FOMC meeting will be crucial for Bitcoin’s trajectory: analyst Traders and investors will be watching for any hints about the ending of the Fed’s quantitative easing (QT) program, “a move that could boost liquidity and risk assets,” according to Iliya Kalchev, dispatch analyst at Nexo digital asset investment platform. $BTC