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Nano Coin (NANO): Everything you Wanted to Know!

Nano coin (NANO) is one of the most popular cryptocurrencies in the crypto market (having around 15,000 cryptocurrencies) currently. In terms of market cap, it is currently the 139th largest digital currency (over US$665.9 million in market capitalizations). Should you invest in it? Is it a good investment? To answer all your queries, let me walk you through the Nano coin, how it works, and many more.

What is the Nano Token (NANO)? How does it Work?

Nano is a lightweight cryptocurrency that facilitates practically instant payments:

  • In a secure manner
  • Without fees

Interestingly, it also addresses some major limitations including legacy financial infrastructure as well as multifarious modern cryptos. Colin LeMahieu is the founder of Nano project, which started its developmental journey back in 2014 as RaiBlocks. In 2015, the native token of the RaiBlocks project, XRB, was launched through a public faucet.

Users were allowed to collect small amounts of XRB tokens once they complete a captcha challenge. For increasing their words (by effectively trading their their time and effort for XRB), users could have completed as many captchas as they wished. It was only in January 2018 the RaiBlocks (XRB) project was rebranded to Nano token (NANO). This rebranding was done so that it can properly represent the specialties of the project to the users and they are speed and simplicity.

This peertopeer platform uses a unique block-lattice data structure, allowing users to transfer value to one another easily without having to depend upon centralized intermediaries.

While many other platforms use proof of work (PoW) mechanism for achieving consensus, the Nano network uses  Open Representative Voting (ORV) mechanism. The ORV consensus mechanism requires account holders vote for their chosen representative. Once the representatives are chosen, they then work for confirming transaction blocks securely.

The best thing about ORV mechanism is that it is extremely energy efficient. This makes Nano that more worthy because Open Representative Voting consensus mechanism is significantly more environment friendly than proof of work based cryptos.

Another unique aspect of Nano is that it has not been built on blockchain technology. Instead, it was built on a Directed Acyclic Graph (DAG) mechanism, a similar ledger technology as blockchain DLT (distributed ledger technology). It enables the platform to process 1,000 transactions per second (tps), many times more than Bitcoin and Ethereum platforms. This maintains its integrity, thereby positioning Nano platform as an eco-friendly digital payment. Nano transactions are completely free.

Nano token (NANO): Facts & Figures

All these facts and figures (as of November 30, 2021) will help you to make a decision on investing in the Nano token. Before making Nano coin transactions, check out these facts and figures associated with this cryptocurrency of choice:

  • Nano NANO Price: US$5.00 (NANO Current Price)
  • 24hour Trading Volume (24h Volume): US$665,909,904
  • All-Time High (ATH) Price: US$37.62 (reached on Jan 02, 2018)
  • All Time Low (ATL) Price: US$0.006658 (reached on Mar 10, 2017)
  • 24h Low: US$4.80
  • 7d Low: US$4.51
  • 30d Low: US$4.51
  • 90d Low: US$4.13
  • 52 Week Low: US$0.9213
  • YTD (Year-To-Date) Return: 384.51% YTD (Year-To-Date)
  • Market Cap: US$665,909,904 (US$ 665.9 million)
  • Crypto Rank (in terms of market cap): 139th in the crypto market
  • Fully Diluted Market Cap: US$665,909,908
  • Max Supply: 133,248,298
  • Total Supply: 133,248,297
  • Circulating Supply: 133,248,297.20 NANO (100%)

If you check the Nano price chart and price history, you’ll find that since its launch, the price of NANO has increased by 54,836.33%. Since its all-time low, it has bounced back by +75,223.38%. From its ATH at US$37.62 (achieved on Jan 02, 2018), the current NANO price is still -86.67% down. So, before buying NANO tokens, you should check the fundamental and technical factors.

Always check out Nano markets, the ways to earn NANO, market data, key metrics, comparison tools, and technical price analysis, top cryptocurrency price, and cryptocurrency news before trading or investing. Also, consult crypto financial advisors and get tips from them on trending coins, know the ways of buying cryptocurrencies, and how to earn crypto easily.

Nano NANO Token Price Prediction

  • According to Wallet Investor, the average price of NANO is going to reach around:
  • US$9.052 by 2022
  • US$26.371 by 2026
  • According to Digital Coin Price, the average price of NANO is going to reach:
  • US$8.32 by 2022
  • US$11.01 by 2023
  • US$12.25 by 2024
  • US$15.3 by 2025
  • US$17.85 by 2026
  • US$17.3 by 2027
  • US$23.30 by 2028
  • According to Trading Beasts, the maximum price of NANO is going to reach:
  • US$3.66613 by 2022
  • US$4.42424 by 2023
  • US$6.29004 by 2024
  • According to GOV Capital, the average price of NANO is going to reach:
  • US$7.230 by 2022
  • US$11.046 by 2023
  • US$15.678 by 2024
  • US$19.904 by 2025
  • US$24.713 by 2026

Where can you Buy Nano tokens?

You can buy Nano coins in almost all reputed cryptocurrency exchanges including:

  • Binance
  • OKEx
  • Huobi Global, and many more.

You can use credit cards, debit cards, or money transfers from a bank account to fund your cryptocurrency trading or investing account in a leading cryptocurrency exchange.

The most popular price pairs of NANO are:

  • NANO/USDT
  • NANO/USD
  • NANO/BTC, and many more.

Before investing, check out Nano history and its historical data, crypto news, Nano token price charts, price performance, market updates, NANO to USD (United States Dollar) exchange rate, the value of Nano coin, the Bitcoin price trend (as NANO is one of the hard forks of the original Bitcoin token), trading fees, and others.

What are the Best Crypto Wallets to Store Nano Coins?

The best Nano token cryptocurrency wallets to store NANO coins are:

  1. Ledger Wallet
  2. NANO Wallet
  3. Canoe Wallet
  4. Natrium Wallet
  5. Exodus Wallet
  6. Guarda Wallet
  7. NanoVault
  8. NANO Paper Wallet

Invest in Nano token and Other Cryptocurrencies

You can buy and sell Nano and other virtual currencies against various fiat currencies (US Dollar USD, British Pound Sterling, Canadian Dollar CAD, South Korean WON, Singapore Dollar, Taiwan Dollar, Russian Ruble, Chinese Yuan, Hong Kong Dollar, etc.) through a wide array of crypto exchanges (centralized or decentralized exchanges), crypto APIs or mobile app, and Nano token markets. Use Dollar Cost Averaging DCA strategy to invest in cryptos to minimize the risks associated with high volatility.

If you want to increase your investment explosively in the coming 5-to-10 years, buy crypto coins now. Keep an eye on the market news, price statistics, block times, blockchain news, and others to time your trading of Defi protocols and tokens for maximum profit.

You can also diversify your crypto coin portfolio by including other digital assets such as Nano, XMR, FIL, ETC, WBTC, BCH, BTC ETH, AAVE, Ripple XRP, Bitcoin Ether ETH, Nano (also called Bit Gold), Bitcoin Cash BCH, Basic Attention Token, Ethereum Classic, Shiba Inu SHIB, Binance Coin, Dogecoin price, Wrapped Bitcoin (some also call it wrap bitcoin or wBTC), USD Coin, Gemini Dollar, ERC20 tokens (created on Ethereum blockchain), nonfungible tokens NFTs, and others.

Also check whether you can exchange NANO token with the fiat currencies of other countries such as South Africa, Saudi Arabia, the Republic of the Congo, United Arab Emirates, United Kingdom, South Korea, and other countries.

Invest in cryptocurrencies, various types of stocks, mutual funds, index funds, real estate, and others to improve your personal finance. If possible, get help from a portfolio manager or wealth management firm for maximum return. You can also increase your income through yield farming, using Telegram bots and other automated trading bots, and many more.

Invest in NapBots: A Dynamic Cryptocurrency Index

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NapBots provides you various indices that include a basket of tokens with high market capitalization and are categorized by theme (such as Solana, NFT, DeFi, and others). This platform introduces an intuitive interface as well as advanced allocation tools for enabling new investors to create and manage advanced crypto indices easily.

The best part of NapBots is that it tracks and executes trades automatically on the basis of your pre-set choices of indexes. The platform is very affordable as it enables you to start trading as low as US$150 with a monthly service fee of just 2.5%, which is far below the current rate of other cryptocurrency index providers. Therefore, NapBots reduces the financial barriers and at the same time eliminates the need for human intervention and the consequent human error.

Get started with crypto-asset investing by investing through napbots.com, a dynamic crypto index for expanding diversified exposure to bitcoin and leading Crypto-assets at reduced financial barriers and no human error.