Average Daily Volume
Wrapped NXM is currently ranked number 491 worldwide with a daily trading volume of $1,390,720.00, which it will make it not so easy for you to sell your holdings of Wrapped NXM.
Rating: 2/5
Market Cap
Wrapped NXM has a total market cap of $43,894,306.00.
Rating: 3/5
Community
Wrapped NXM has 41,173 total followers in all its social media accounts.
Rating: 0/5
All Time High
Wrapped NXM is currently -86.39% from its highest price $130.82 on 2021-05-12.
Rating: 5/5
Price Potential
The Wrapped NXM price has the potential to increase to $19,042.78 during the next cryptocurrency bull market, which may occur within the next five years.
Overall Score
Our algorithm believes it is an excellent time to invest in Wrapped NXM right now.
Overall rating: 3/5
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What Is Wrapped NXM?
NXM token itself is created solely for internal use within the Nexus Mutual protocol and all of its holders must go through KYC. As such, a wrapped version is created to allow more users to own the token without having to do KYC. In the meantime it also improves its liquidity outside the protocol’s bonding curve by being listed on exchanges such as Uniswap and Binance.
To make use of the wNXM token, it first needs to be unwrapped into NXM by a registered member of Nexus Mutual. After it is unwrapped, wNXM becomes NXM and can be used as a normal token on the Nexus Mutual platform.
