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Nanocoin

XNO NANO - RE-LISTING ON BINANCEHello people! For the last few days NANO was delisted from Binance because the NANO foundation changed the ticket from $nano to $XNO to fit better the financial naming standards. Today the chart is back on and super fresh. Some people managed to sell it for 3.9, which is extremely profitable considering that at this moment the price sits at 2.13 usdt. I think that the fib sped fan helps us observe some interesting points of contact for short term operations. Have a great week, people!
by Alexandre-Perrella
NANO (Nano) Coin Analysis 03/05/2021Fundamentals: Billed as "digital money for the modern world," Nano is a lightweight cryptocurrency that is designed to facilitate secure, practically instant payments, without fees, and addresses some of the major limitations of both legacy financial infrastructure, and many modern cryptocurrencies. Development of the project began in 2014 under the name RaiBlocks, and the coin (then termed XRB) launched the following year through a public faucet, which allowed users to claim small amounts of XRB after completing a captcha challenge. Users were allowed to complete as many captchas as they liked to increase their words — effectively trading their time and effort for XRB. RaiBlocks (XRB) was rebranded to Nano (NANO) in January 2018, with the new name chosen to better represent the speed and simplicity the project offers to users. It is a peer-to-peer platform that uses a unique block-lattice data structure to allow users to easily transfer value to one another without relying on centralized intermediaries. Unlike other platforms which typically use the combined proof-of-work of a massive mining network to achieve consensus, Nano instead uses a system known as Open Representative Voting (ORV) — which sees account holders vote for their chosen representative, who then work to confirm blocks of transactions securely. ORV makes Nano extremely energy efficient, positioning it as a more environmentally friendly alternative to proof-of-work (POW)-based cryptocurrencies. As we previously touched on, Nano is designed to be fast. So fast, in fact, that most Nano transactions reach absolute finality within less than a second — compared to several minutes or even longer for many other major cryptocurrencies. This speed makes Nano suitable for commercial payments, since merchants and retailers no longer need to worry about transaction delays when accepting payments. Moreover, Nano transactions are completely free. Since representatives do not receive financial compensation for their efforts to secure the network, there is no need for a transaction fee. This makes Nano an ideal solution for processing micro-transactions, since users no longer need to worry about fronting a potentially expensive transaction fee when making small payments. These features are enabled by its unique architecture. Unlike many cryptocurrencies which are built on top of a distributed ledger known as a blockchain, Nano is instead built around a similar ledger technology called a directed acyclic graph (DAG). This structure is highly reliable and allows Nano to process as many as 1,000 transactions per second (tps) — without requiring an energy-intensive mining network to maintain its integrity, positioning Nano as an eco-friendly digital payment option. Nano is secured by a network of representatives, each of which is voted into position by NANO holders. These representatives are responsible for casting their votes when the network needs to achieve consensus, and their voting power is the sum total of the voting weight delegated to them by NANO holders. These vote on the validity of transactions on the Nano network, ensuring only valid transactions are confirmed. This process protects the network against a type of attack known as a double spend—which occurs when an attacker is able to manipulate the network to effectively spend the same funds twice. In addition, the Nano network features a wide variety of additional defenses against various possible attack vectors Nano was founded by Colin LeMahieu, a heavily experienced software developer and engineer with a wealth of experience working for prominent tech companies, including Dell, AMD and Qualcomm. Self-described as an inventor, LeMahieu has interests that range from space technology to physics and environmental sustainability, and is a well-known name in the digital currency space. He began working full time on Nano in 2017 and remains the CEO of the Nano Foundation — an organization created to drive the development and adoption of the Nano — to this day. Colin LeMahieu also pushed the vast majority of commits to Nano’s GitHub repo. Beyond LeMahieu, the Nano Foundation has over a dozen other employees, including George Coxon, a graduate in Evolutionary Anthropology and experienced account executive, and the current COO of the foundation. Like the vast majority of cryptocurrencies, Nano has a fixed maximum number of tokens that will ever enter existence, this number is set at exactly 133,248,290 NANO. The original maximum supply was set much higher than this, but any remaining NANO tokens above the current 133 million limit were permanently burned. In total, around 39% of the original genesis supply was distributed. Nano is unusual in the fact that its entire supply is already in circulation, this means it is fully diluted. Because it is fully diluted, Nano is also highly decentralized, and well distributed, with the vast majority of Nano accounts holding less than 100 NANO. As of December 2020, around 20% of all Nano in circulation (~26 million) is held in one of the cold wallets associated with the Binance cryptocurrency exchange. A total of 5% of the circulating supply was held back for the continued development of the project, this was allocated to a so-called “developer fund.” The live Nano price today is $10.49 USD with a 24-hour trading volume of $237,230,830 USD. Nano is down 6.70% in the last 24 hours. The current CoinMarketCap ranking is #84, with a live market cap of $1,397,776,939 USD. It has a circulating supply of 133,248,297 NANO coins and a max. supply of 133,248,298 NANO coins. Technical Analysis: The Coin has done its Initialization and Accumulation followed by some Bullish cycles and Reaccumulation phases, Currently the Price is in an Impulsive cycle to the higher levels. Few support levels are defined Price Action which are having confluences by Fibonacci Retracement Levels of Price from its ATH. There are total of 3 Targets defend by the Fibonacci Projection of the initial Move UP.
NLong
by BitonGroup
8
NANO stays under pressure, watch key resistanceIn August, Nano had a short-lived rally, which resulted in a 345% growth over the Bitcoin. Although after this rally, price went down, resulting in a 54% correction. Since 12th of September up until today, NANO/BTC hasn’t been very active. Price simply moved around the btc 0.00035 level, where the most trade volume has been concentrated throughout the past 3 months. Looking at the most recent price action, Nano formed a double bottom at 61.8% Fibonacci retracement level, that is btc 0.00032. At the same time Gann Fan trendline was rejected and it seems that NANO could be heading north from this point onwards. But don’t get excited too fast, as more growth from Nano could only be seen if the current support level will be respected by the market participants. If/when NANO/BTC will go below btc 0.003 psychological support, chances of further decline will become very high, and price might fall towards btc 0.00027 or even lower. Perhaps watching the descending cannel for the upside breakout along with the RSI resistance breakout could be that buying trigger. The next resistance level is see at btc 0.00044, price action around which could help to determine further intentions of the Nano coin. At the same time, it is possible that buying orders are waiting to be executed near the btc 0.00027 area, that is 88.6% Fibs. This is obviously a much better price to get some Nano, confirmation of the support bounce will be required, as Nano could also break below the 88.6% fibs and go much lower. Support: 1. 0.000322 2. 0.000300 3. 0.000276 Resistance: 1. 0.000350 (key resistance) 2. 0.000440
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by CryptalDash
13