Wrapped NXMWNXM
$24.6
Market/Exchange
WNXM Price Prediction and Price Movement
WNXM is up 32.34 percent over the last three months, while its market capitalization is still considered relatively small, which implies that the price of WNXM can be very volatile comparing to those with larger market cap during big market moves. However, with a stead growth over the past three months, WNXM has the potential to grow further and may yield some very decent gains. Again traders should remain cautious at all time.
Please note that this analysis is purely base on WNXM's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
Wrapped NXM Price Chart
About Wrapped NXM
NXM is the governance token for the Nexus Mutual protocol. It is used to buy cover, vote on governance decisions, and participate in Risk and Claims Assessments. It is also used to encourage capital provision and represents ownership to the mutual’s capital. As the mutual’s capital pool increases, the value of NXM will increase as well.
The token’s price is determined using a bonding curve which is affected by both the amount of capital the mutual has and the amount of capital it needs to meet all claims with a certain probability.