Nexus: Can NXS Price Sustain the Recent Gain & Rise More?
- 1 The NXS crypto price chart shows a surge of 241.88% in the last 24 hours. It is trading at $0.1010 (press time).
- 2 The Nexus crypto asset is exhibiting bullish strength and rising capacity as it holds above major EMAs.
Nexus is a project driven by a community with a shared vision of a world. It is inspired by innovative and responsible values, advanced technology, and the fundamental quality of connection being everywhere, free, and accessible to everyone.
Nexus is being mined since September 23rd, 2014 with no ICO or premine. The platform is designed and intended to make lives easier, empower communities, and streamline business.
The launch of the Tritium Protocol in late 2019 marked the beginning of the TAO Framework being the first of the three major architectural upgrades (Tritium, Amine, & Obsidian).
Nexus is a seven-layer software stack that powers a registration-based virtual machine and works as a powerful DApp and contract platform to create value for many industries.
It can be built from many industry-specific JSON-based APIs, including but not limited to encrypted communications, digital identity, supply chain, product management entity, encryption and tokenization.
Nexus uses post-quantum signature solutions (FALCON) and implements key management through a technology called “signature chain”.
This technology eliminates the basic administrative problem by allowing users to access their accounts with username, password and PIN number (wallet.dat).
Other technologies developed by Nexus include autonomous organizations (DAOs) for governance, Safenet, attack-resistant operating systems, decentralized satellites and mesh networks.
It is all connected through a multi-dimensional chaining structure that employs sharding, low latency transaction finality, and truly decentralized multi-layer consensus.
Will Nexus Price Sustain Over $0.1010 on Daily Chart?
The NXS crypto experienced a surge of 241.88% in the last 24 hours, trading at $0.1010 (press time).The NXS crypto is poised for a spectacular rally, as it prepares to smash the resistance level and soar to new heights from the current support zone.
However, if the demand for the NXS Token remains high, the asset price could bounce back from the current level. The next goal for the NXS price is to reach $0.1200.
The Nexus crypto asset is displaying bullish characteristics and could extend its gains. It has shown good performance in the past week, and one month, highlighting a consistent upward trend.
The Nexus crypto asset is exhibiting bullish strength and rising capacity as it holds above major EMAs.The NXS asset is displaying bullish characteristics and the RSI is rising smoothly, implying that the asset is gaining momentum and can achieve new peaks.
However, if the NXS crypto price fails to stay above the $0.0500 level, it could decline further.
Summary
The NXS crypto is poised for a spectacular rally, as it prepares to smash the resistance level and soar to new heights from the current support zone.
However, if the demand for the NXS Token remains high, the asset price could bounce back from the current level. The next goal for the NXS price is to reach $0.1200.
Technical Levels
Support Levels: $0.0500
Resistance Levels: $0.1200
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.