Price Analysis

Nano (NANO) Price Prediction: How Much Worthy Is Nano Going To Be With Reduction Of Its Transaction Time?

Nano is specifically designed for aiding faster transactions with a high level of scalability and zero transaction fees. It is originally known as RaiBlocks and it uses a combination of directed acyclic graph technology and blockchain to assign every account its own blockchain. Due to this, Nano has paved a solid foundation in the crypto arena.

Current status of Nano:

Market price: 1.50 USD

Market cap: 199,883,391 USD

Market rank: 37

Circulating supply: 133,248,289 NANO

Price analysis of Nano:

NanoThe following information is derived from the above Nano charts-

  • Present trading value: 1.50 USD/0.00027606 BTC (UTC time 07:29)
  • Present market cap: 200,000,317 USD
  • 24h volume: 3,545,676 USD

The same chart also showed that approx. 1 month earlier, waves had a trading value of 1.67 USD. So, within this one month, the value of Nano has been deterred by -10.17%

Future price of Nano:

There have been so many developments in the Nano’s blockchain. Currently, Binance announced adding some new trading pairs on its exchanges and Nano/USDT is one of them. Another great news that stirred up the Nano’s community is that it is going to reduce its transaction time, thus enabling a faster transaction speed. Often its users had been facing time issues especially in making cross border payments. This partially contributed to the growth of firms like Ripple and R3 which allowed a secure and faster transaction in making cross border payments. According to the crypto analysts, Nano now has taken an absolutely right decision to retain and increase the number of its users.

Nano is doing well so far now, and we expect that with faster transactions, it will be able to retain majority users and by the end of this year, it can be around $2.50.

Conclusion:

Nano has made the right decision to accelerate its transaction speed and this will indeed increase its number of users and can also boost up its value to a certain extent. Therefore, it can be considered as a good option for investment.

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Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.
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