As we dive into the following sections, our initial focus will be on providing a foundational understanding of the AllianceBlock Nexera crypto project. In doing so, we’ll examine the ins and outs of the project, offering an overview of the AllianceBlock ecosystem, introducing the project’s team, and highlighting significant milestones achieved.
Next, our attention will shift to the NXRA crypto token, where we will explore its fundamentals, use cases, and analyze its tokenomics. Recognizing our audience’s predominant interest in altcoin trading, we will conduct a detailed analysis of $NXRA’s price action. Moreover, leveraging technical analysis (TA) fundamentals, we will outline key support and resistance levels. Additionally, we will incorporate insights from the Money Line indicator to glean valuable perspectives on $NXRA.
Lastly, we will guide you on harnessing the capabilities of Moralis Money to make informed decisions on when and if to invest in the NXRA crypto. For those contemplating acquiring the AllianceBlock Nexera token, we will also inform you of where and how to find the best market to invest in NXRA!
What is AllianceBlock Nexera?
AllianceBlock Nexera, or simply AllianceBlock, is a crypto project aiming to create an infrastructure for decentralized tokenized markets. As you can see in the above image, this is the definition offered by the project’s official website.
It’s worth pointing out that the official name of the company is “AllianceBlock.” However, users often add the “Nexera” part because that is the name of a protocol that AllianceBlock developed in 2023. Moreover, the project is based in the Netherlands, and it was founded in 2018 when it also created its X account (formerly Twitter):
AllianceBlock’s goal is to empower businesses to tokenize their assets. This process includes compliantly issuing the tokens, managing them, and trading them in an inclusive financial ecosystem. To that end, AllianceBlock deployed an end-to-end infrastructure. The latter allows businesses to access new opportunities with tokenization.
According to the project’s official website, these are the main benefits of AllianceBlock:
- Easy Setup and Integration – The project claims that businesses can start the tokenization process quickly thanks to its off-the-shelf solutions. Their development kits are supposed to offer seamless integrations.
- Secure and Decentralized – AllianceBlock claims that all its solutions prioritize decentralization and security. The project promises that these aspects are ensured by extensive auditing processes.
- Chain-Agnostic – The AllianceBlock Nexera ecosystem supports access to and development on top of multiple networks. Hence, developers can deploy cross or multi-chain strategies through the AllianceBlock infrastructure.
- Compliant by Design – The project ensures that its solutions and infrastructure seamlessly integrate with a flexible and customizable compliance layer.
The AllianceBlock Ecosystem
The AllianceBlock Nexera project presents its ecosystem by listing its partners, collaborators, builders, and clients. According to their website, AllianceBlock already has partnerships with some of the largest brands in the financial industry. Its current list of partnerships, collaborations, and memberships includes the following:
- SSA Group
- World Wide Web Consortium
- Datomize
- Faculty Group
- Crunchbase
- MEXC Global
- ABO Digital
- Toronet
- Your Open Metaverse
- ARTBANX
- INATBA
- Onramper
- Plug and Play Tech Center
- Blocksize Capital
- Peaq Network
- Swiss Blockchain Federation
Also, here is AllianceBlock’s current list of builders and clients:
- Krest Network
- Galileo Protocol
- Toronet
- Fluus
- ARTBANX
- Brillion (dua Token)
- Peculium
- Ritestream
- Hai Damo
- Enjinstarter
- Vault Hill
- Transient
- Cryptoxpress
- ORE Network
- IX Swap
- Polinate
- Genesis Shards
- Lokr
- Terra Virtua
- Hypersign
- Dafi Protocol
Team
The AllianceBlock Nexera project has a fully doxxed team. In the top leading roles, we find the project’s three co-founders: Rachid Ajaja, Matthijs de Vries, and I. N. A. Ghaddar. Ajaja is the CEO, de Vries is the company’s CTO, and Ghaddar is the CIO.
Aside from these people, AllianceBlock is also highly influenced by its advisory board. The latter currently consists of seven members, each with a special set of skills and experience. You can explore these board members in the image below:
Milestones
AllianceBlock has been through a lot since its beginnings back in 2018. You can explore all the project’s major milestones in detail on its official website. However, here’s the gist of AllianceBlock’s journey so far:
- 2018 – Company setup and incorporation.
- 2019 – Incubations and early partnerships, release of AllianceBlock’s whitepaper.
- 2020 – Early product development.
- 2021 – Company growth and expansion.
- 2022 – Product and ecosystem growth, recognition in several publications.
- 2023 – Nexera Protocol development, AllianceBlock DAO launch.
As far as the future development goes, AllianceBlock lists the following milestones:
How Does AllianceBlock Work?
AllianceBlock aims to bridge the gap between traditional finance and decentralized finance (DeFi) by providing a decentralized capital market compliant with regulatory standards. The specifics of how AllianceBlock plans to achieve its goal constantly change; the same goes for how its features and products work, as the are constantly evolving. However, here are some general aspects of its functionality:
- Decentralized Capital Market: AllianceBlock seeks to create a global decentralized capital market. The latter is supposed to support various financial instruments, including tokenized assets. The key aspect is their commitment to compliance and security.
- Interoperability: The platform is designed to facilitate interoperability between traditional finance and DeFi. This involves the seamless transfer of assets and information between the two ecosystems.
- Smart Contracts: Like many blockchain projects, AllianceBlock likely utilizes smart contracts to automate and enforce various aspects of financial agreements. Smart contracts are self-executing contracts with the terms of the agreement directly written into code.
- Privacy and Compliance: AllianceBlock places a strong emphasis on compliance with existing regulatory frameworks. It may incorporate privacy features to protect sensitive financial information while still adhering to regulatory standards.
- Tokenization: Tokenization involves representing real-world assets, such as securities or other financial instruments, as digital tokens on a blockchain.
- Community Governance: This involves allowing token holders to participate in decision-making processes related to the development and governance of the platform.
The above functionalities are reflected in AllianceBlock’s products and services. These include Nexera exchanger (formerly AllianceBlock DEX), Fundrs, AllianceBlock Bridge, Nuklai, AllianceBlock DAO, Nexera ID, the NXRA crypto token, and more.
What is Nexera Protocol?
Nexera Protocol is a system that revolutionizes NFTs with “MetaNFTs.” AllianceBlock presents it as a third-gen standard that enables the creation of mutable and composable NFTs. They call these types of NFTs MetaNFTs.
The protocol aims to solve interoperability and fragmented metadata issues. MetaNFTs are composable, dynamic assets with user-controlled, on-chain stored properties akin to a videogame character’s inventory or a yield protocol’s interest rate.
As such, this groundbreaking protocol defines a new asset class, MetaNFTs (mNFTs), versatile as metadata while ensuring on-chain security and immutability. Transforming the NFT landscape, Nexera Protocol wishes to empower users with unprecedented control over their assets.
What is the NXRA Crypto Token?
The NXRA token, residing at 0x644192291cc835a93d6330b24ea5f5fedd0eef9e across all supported networks, is the bedrock of the AllianceBlock ecosystem. As a versatile utility token, NXRA plays a pivotal role in shaping the ecosystem’s dynamics.
The adoption of Nexera Protocol, AllianceBlock’s cutting-edge technology, is also powered by the NXRA token. As the native token, NXRA facilitates the seamless integration of AllianceBlock’s comprehensive DeFi infrastructure, embodying its purpose as a driving force behind the ecosystem’s growth and functionality.
NXRA essentially replaced AllianceBlock’s original token: ALBT.
NXRA’s Utility
Primarily, NXRA functions as a multi-purpose tool within the AllianceBlock ecosystem. It acts as the main medium of exchange for services and assets, driving transactions and fostering platform growth. Furthermore, it serves as a means of rewarding ecosystem participants, including node owners and those who stake, incentivizing their contributions to network maintenance.
The NXRA token also assumes a critical role in governance, enabling token holders to engage in voting and power delegation. Simultaneously, it acts as the currency reserve in the ecosystem reserve pool, contributing to the system’s stability and sustainability.
Tokenomics
- Token name: AllianceBlock Nexera Token
- Symbol/ticker: NXRA or $NXRA
- Networks:
- Ethereum
- BNB Smart Chain
- Polygon
- Avalanche
- Token type:
- ERC-20 (Ethereum, Polygon, and Avalanche)
- BEP-20 (BNB Smart Chain)
- Smart contract address:
- 0x644192291cc835a93d6330b24ea5f5fedd0eef9e (same across all supported chains)
- Total supply: 850,000,000 $NXRA
- Minting timestamp: February 20, 2023, at 14:30:11 (+UTC)
Analyzing the NXRA Crypto Price
The above daily chart includes the entire price action of the NXRA crypto asset so far. By looking at the chart more closely, you can see that $NXRA started trading at approximately $0.057 on February 28, 2023. The asset experienced a slight increase in value during the first two days. However, the token pulled back over the following seven days, marking its bottom on March 10, 2023, at $0.043. This price still marks the asset’s all-time low (ATL) value.
Following that low, the $NXRA price rallied 150% in just nine days, reaching $0.10 on March 19. However, the token didn’t have enough momentum to continue climbing. Instead, it retraced by approximately 44%, finding support around the $0.060 level, where it stayed until April 8, 2023. On that day, $NXRA started another leg up, which resulted in doubling the asset’s price, reaching as high as $0.0125 on April 18.
At that time, Bitcoin and the rest of the crypto market started to retreat, which noticeably impacted NXRA. The token’s price was reduced by more than 60% over the next 56 days. It revisited its ATL region on Jun 13.
Following that local low, the price nearly doubled in just 15 days; however, it wasn’t able to break above $0.087. $NXRA took another shoot at this level on July 20 but was again unsuccessful. So, instead of going higher, the asset cooled off again and reached the $0.045 region again by mid-September.
The NXRA price found support around $0.048, from where it started its ascend on October 12. With several 25% – 30% pullbacks along the way, the token’s price nearly tripled by November 22, 2023. On that day, it marked its current all-time high (ATH) at $0.144.
Technical Analysis
At the time of writing, the NXRA crypto price is trading around $0.13, still staying above the line of support around $0.122. You can see this line and all other key support and resistance levels for NXRA in the chart above. However, since the asset recently entered the price discovery mode with increased trading volume, it makes sense to use the Fibonacci retracement tool:
So, if the $0.122 level manages to hold, and the rest of the crypto market moves higher, $NXRA could start reaching the above-outlined targets. The most optimistic short to mid-term target is $0.38 (the “4.236” extension). However, the last two peaks also printed a bearish RSI divergence. Hence, a revisit of lower levels is also quite possible. But for now, the Money Line indicator is still offering the “Bullish” signal on the daily timeframe:
Note: You can get your hands on the Money Line indicator for free once you upgrade to the Moralis Money Starter or Pro plan.
Should You Buy the AllianceBlock Nexera Token?
Since we are not financial advisors, we cannot answer the above question on your behalf. However, using the information offered in the above sections, you should be able to decide if you find the AllianceBlock Nexera token interesting or not.
If not, you should immediately leave $NXRA in your rearview mirror and focus on other altcoin opportunities. However, if you find the project and its native token interesting, you should properly research NXRA further. And there’s no better place to do that than the Moralis Money AllianceBlock Nexera Token ($NXRA) page.
On that page, you’ll find all the resources and tools to determine if/when you should buy this crypto. Particularly valuable are the “Price Chart” and “Alpha Metrics” sections. After all, they allow you to combine the insights of the asset’s live price in perspective with its historical price action and NXRA’s real-time, on-chain metrics.
So, if you wish to answer the above question with confidence, just follow the above “$NXRA” link or use the interactive widget below:
Where to Buy the $NXRA Crypto?
If you decide you wish to get a bag of $NXRA, you have several options. Just use the “Market” section on CoinGecko or CoinMarketCap page for that token. There, you’ll find a list of all CEXs and DEXs that offer the relevant training pair, including the trading volume. As such, you can easily pick a market that best suits your goals.
What is AllianceBlock Nexera? Price Charts & Analytics for NXRA Crypto – Key Takeaways
- AllianceBlock is a 2018 crypto project based in the Netherlands that is aimed at offering DeFi solutions to businesses.
- The project has an extensive ecosystem and a wide range of solutions, including Nexera Protocol.
- The AllianceBlock Nexera token (NXRA) is the project’s native cryptocurrency with several use cases.
- $NXRA can be freely traded and offers a means to invest in AllianceBlock.
- To decide if/when to buy $NXRA, make sure to use Moralis Money’s page for that token.
Whether you end up buying the NXRA crypto asset or not, do not forget about other altcoin opportunities. After all, the average altcoin tends to increase by 50x – 70x during a bull run. And according to most indicators, we are in the early phase of a bull run.
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