Review on Cryptonex by Mehdi hazni
CNX
cryptonex is an exchange that allows you to buy and sell cryptocurrencies with traditional currencies, and this is a great idea because in most exchanges, such as binance, buying cryptocurrencies with fiat currencies is only possible for a limited number of fiats ( Like btc with usd), but cryptonex supports several fiats like EUR, USD, RUB which make it easy for users in different countries. Of course, in addition to this, the most important advantage is the relatively low fees compared to most other exchange offices.
The currency of this project is CNX, which pairs with several fiat and cryptocurrency in this exchange.
The lowest price of the CNX currency is related to july until October 2019, which was reduced to the range of $ 0.2 - 0.3, after which its price was able to grow relatively well and returned to above $ 1.
Given that the highest price was around $ 10, if the upward trend continues, the price can rise to a minimum of $ 5, and taking into account the risk points, buying in this range can be profitable.
Pros
- Ability to buy bitcoins with many fiat currencies in cryptonex
- The CNX currency price has been growing steadily for the time being, which has increased the likelihood of further growth
Cons
- The price has dropped from all time high by a long way
