Cryptocurrency lender Vauld has rejected the proposal by the Nexo and looking to terminate the current relationship
Technical indicators of NEXO are not favoring the upside. NEXO/BTC pair is up by 4.89%’.
NEXO is one of the largest blockchain lender which offers users instant cryptocurrency loans.As per their whitepaper they are the first ever provider of instant crypto backed loans and they intend to solve the inefficiencies in the current lending market. Nexo has showed interest in acquiring the crypto lender Vauld which owed $420 Million to their creditors. Vauld has recently rejected the proposal of the NEXO about the acquisition. Meanwhile they have also said that they will be terminating their relationship with them. NEXO has seen a drop of over 85% and may see a strong upside trend in price. It has a ROI of more than 600% and can soon see a strong move.
NEXO is currently ranked 74th in the cryptoverse and has a market cap of $408 Million. Volume of the asset price has seen a d
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