Price Analysis

Nano (NANO) Price Analysis: Waiting for Another Peak

Nano (NANO) is built on a block-lattice data structure that operates as a low-latency, high-performance cryptocurrency. Nano was founded in 2015 as a sustainable, open source and secured crypto asset. It is one of the most rapid yet fee-less networks which is open and accessible to everyone.

Considering its prices, Nano seems to be a good performer as it had its ‘All-Time-High’ price at $37.62 USD in January 2018 indicating a bullish trend. However, after that, Nano’s price started moving down like most of the other cryptos in 2018’s prolonged bear market.

Current Statistics:

At present, Nano is being traded at a price of $1.71. While according to Coinmarketcap, the Market Capitalization stands at $227,392,300. Currently, 133,248,289 NANO tokens are circulating as part of the total supply at 09:29:10 UTC.

Nano Price Chart

NANO’s price shows a significant upward trend since January 2019. It shows that the crypto-coin has come out of the previous bearish impact. Among the other price hikes shown in the chart, Nano’s price indicates a sharper price spike on 23rd April. We can estimate that these surges in the price were thanks to two major adoptions. Nano had received support from Travala, an online travel agency in February and from the exchange giant Binance in April itself. Additionally, Nano has shown an increase of 4.29% in its price over the last 24 hours as its price was $1.63 which increased to $1.7 in the last 24 hours.

Prediction and Conclusion:

Considering the price trend of Nano, we can predict that it will probably hit $2 mark soon in a couple of weeks though with some price falls. Talking about the long term, the prices may touch $5 mark till the end of 2019. More and more adoption of Nano will help its price to increase reaching a higher level.

Tags

Ruti Vora

Ruti regularly contributes in-depth news articles for leading cryptocurrencies. She contributes technical chart-based price updates and analysis pieces on world's leading digital currencies. She holds graduate degree in journalism.
Back to top button
Close