Nano Cryptocurrency on the Rise: Fast Transactions and No Fees
Just last week, Coinmarketcap reported that the cryptocurrency Nano was up over 34% at one point. The anonymous digital currency is looking to make some major headway in the world of online gaming, especially with the recent endorsement by social media site Twitch, which is popular with gamers and poker players.
Launched in 2015 by Colin LeMahieu as RaiBlocks, Nano is a low-latency payment platform that requires minimal resources; making Nano ideal for peer-to-peer transactions.
Transactions are fast and there are zero fees.
The altcoin seems to have wilder swings than the rest and is a bit more volatile.
By Thursday March 15 at 1 pm EST, the coin was on the rise once again.
From Cryptorecorder:
The value of NANO is set to go past $16 by the end of March. Actually, at the beginning of March, the price had shot up past $16, although it later dropped almost to $8. Currently the coin is going for $8.86 USD with a market cap of $1,269,400,487 USD.
The average 24 hour trading volume is $36,091,100 USD with a circulating coin supply of 133,248,289 NANO out of the maximum supply of 133,248,290 NANO.
In other cryptocurrency news, Bitcoin was trading between $7900 and $8100 Thursday morning, down just over 4% from yesterday's trading, Bitcoin Cash was down close to 6% from $975 to $842 by 1 pm EST.
Some $60 billion is said to have been wiped off the value of cryptocurrencies in the last 24 hours.
- Aaron Goldstein, Gambling911.com
