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3 reasons why Nexus Mutual (WNXM) price is holding steady in a volatile market
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There is always going to be risks involved with interacting with cryptocurrencies and recent proof of this can be seen over the past few weeks after savvy hackers managed to abscond with millions of dollars worth of tokens from Bitmart, AscendEX and BadgerDAO exchange.
Nexus Mutual is a decentralized platform that allows investors to secure insurance coverage against smart contract exploits and today the altcoin rallied by 38% even as Bitcoin and the wider crypto market continue to correct.
Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $46.59 on Dec. 13, the price of the protocols native WNXM token spiked 38% to a daily high at $69.22 on Dec. 14.
Three reasons for the sudden price reversal of WNXM
Read more on cointelegraph.comAbout this in other media
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