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NANO Price Won’t Be This Low for Long

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The crypto markets have once again given us hope and reminded us why we love and believe in this industry. Looking at the charts, we find that most of our favorite digital assets are in the green and led by Bitcoin (BTC). The King of Crypto has regained some value and is currently trading at $6,373 at the moment of writing this. XRP has exploded due to the xRapid hype and NANO price has also rallied by 5.2% in the last 24 hours. The latter digital asset is currently valued at $2.37 but Nano price will not be this low for too long as shall be explained below.

Technical Developments

Unbeknownst to many, the NANO cryptocurrency is a fee-less and fast digital asset that has wallets in the multiple platforms of Android, iOS, Windows, Linux and on nanowallet.io. This type of wallet support is unprecedented in the crypto-verse for any one project. Add the fact that transactions are free, we sort of forget about XRP for a minute with its $0.0004 transaction costs. Free is good! Free is better!

NANO is ideal for micropayments such as tipping on Twitter and Reddit. There is also the possibility of NANO making an excellent base currency for crypto exchanges due to its zero fees. As a matter of fact, KuCoin has updated NANO to KuCoin Plus Trading Area. The announcement was made by the exchange on the 17th of September and it stated the following:

“KuCoin is dedicated to creating a healthy exchange ecosystem, investigating high-quality projects and utilizing resources to better serve our users.  We have been closely monitoring and analyzing all the projects in the KuCoin Plus Trading Area.  Based on our comprehensive assessments, we have made the following adjustments:

DCC, AOA, ITC, LYM, OLT, TRX, ONT, DCR, NANO and ZRX have been promoted to the KuCoin Plus Trading Area.

Such an announcement should boost Nano’s price.

Enthusiastic Community

The NANO community is one of the most enthusiastic communities in the crypto verse. They have even led the adoption of the cryptocurrency by creating a localNANOs.com platform that borrows its idea from the famous localBitcoins.com. The platform is in its testing phase and will eventually become a portal where you can exchange NANO on a peer-to-peer level.

There is also localNano.com (without an ‘s’ at the end) that promises to allow you to buy NANO with cash, bank transfers, SWIFT, e-money, Visa, Mastercard, gift cards and even set your own escrow service.

NANO price

Checking the one year chart of Nano (NANO) we find that the digital asset peaked to $36 in early January indicating that it has potential once the crypto markets are stable and with a strong Bitcoin to lead the pack. But the way things are going with NANO – as can be seen with the technical developments – its price action might be less tied to that of BTC in the future.

We might find a situation where NANO is less affected by the volatility of Bitcoin (BTC) in a manner similar or greater to how XRP has wowed us with 18% gains in the last 24 hours and due to xRapid.

In conclusion, NANO is a gem that is hiding in the number 27 spot on coinmarketcap.com. For the few who are HODLing, they have seen the future in terms of a fee-less cryptocurrency and the flexibility available with the NANO ledger. If you have not researched on NANO, now is the time to start doing so. It might be a safer bet than Litecoin (LTC).

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. The author is long Bitcoin. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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