This Factor Helped to Push Ethereum’s Nexus Mutual (NXM) Up 40% Today

This Factor Helped to Push Ethereum’s Nexus Mutual (NXM) Up 40% Today


It appears that crypto bulls are back in full force: Ethereum and Bitcoin have pressed 4-5% over the past hour and altcoins have done even better, bouncing swiftly from the weekend lows.

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.

According to CoinGecko, the coin has gained 44.6% in the past 24 hours, reaching its highest price in many days at $70.

Trending: Leaked Emails Suggest Nashville’s Mayor Office and Metro Health Hid COVID Numbers from Public Because They Were Too Low

Related Reading: Here’s Why This Crypto CEO Thinks BTC Soon Hits $15,000 Why is the Ethereum Coin Surging

The Ethereum-based coin is surging due to the launch of Yearn.finance’s Yinsure platform.

Users of Yinsure can stake WNXM within the platform and receive the SAFE governance token as a reward. Investors have reported earning around 2-5% per day on their deposits, meaning it’s a very attractive investment opportunity for those within the DeFi space.

As a result,

Continue reading

You Might Like

Do NOT follow this link or you will be banned from the site!