Connect with us

Altcoins

NANO Price Won’t Be This Low for Long

Published

on

NANO price
READ LATER - DOWNLOAD THIS POST AS PDF

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).

Check out the latest video from our Editor In Chief on the Crypto Rich show!

For the latest cryptocurrency news, join our Telegram!

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.

Image courtesy of Pexels

Altcoins

A matter of time before TRON (TRX) achieves mass adoption

Published

on

TRON
READ LATER - DOWNLOAD THIS POST AS PDF

Tron (TRX) has all its eyes on decentralizing the internet, or rather content-sharing to ensure that creatives, artists, musicians, and authors can all release their content without the need of middle companies. As it seems, Tron’s founder hopes that the coin will challenge the globe’s major content providers like Facebook and YouTube.

The coin has undoubtedly made progress since its launch from a coin offering on the Ethereum ledger platform to now a native coin present on the official Tron Mainnet. If you think launching the independent MainNet is all Tron wanted to achieve, you are mistaken.

The aim is towards mass adoption as well as creating a decentralized web. Yeah, it is a  fact that in the past weeks TRX has experienced price declines, but currently, the cryptocurrency is riding 5.37% hike against the USD in the last 24 hours (remember most of the other top coins including Bitcoin are in red).

It’s also continued succeeding in attaining quality listings such as the Bittrex (to name one of the most recent ones). Therefore, it seems as every step TRON makes is a sign of progress to make the decentralized web a reality.

How TRON (TRX) is Making Mass Adoption a Reality

The primary objective for TRON (TRX) is to create a decentralized web which will be a representation of the internet’s next generation. Therefore, in making that a reality, the largest file-sharing platform, BitTorrent that has over 100M global…

Continue Reading

Altcoins

Cardano (ADA) research manager meets with Brazil representatives

Published

on

Cardano ADA
READ LATER - DOWNLOAD THIS POST AS PDF

Cardano is one of the top crypto assets in the market today. With its visionary team, it has become robust in creating projects that not only benefit its blockchain but the world.

Its CEO, Charles Hoskinson, also the founder of IOHK, has also been focused on making sure Cardano’s utility spreads across countries. It is important to know that IOHK, the team that has developed Cardano’s blockchain was created in 2015.

IOHK is a reputable digital company that is poised in making use of peer-to-peer innovations to provide financial services to more than 3 billion people that don’t really have access to them.

As part of the plans by the Cardano’s team to provide great innovations for providing financial services to people worldwide, and empower countries across the world, Cardano’s research manager, Mario Larangiera, met with Mario Borges, the President of the Brazilian National Council for Scientific and Technological Development (CNPq) in the Brazilian Embassy in Tokyo, in Japan, to talk about the future of Brazil.

Mario Larangiera tweeted on his Twitter page:

Meeting with Mario Borges the president of the Brazilian National Council for Scientific and Technological Development (CNDq) in the Brazilian Embassy in Tokyo. In Japan but thinking about the future of Brazil.”

Moving forward, it is important to note that Cardano is poised in making great systems for financial services of the world, and it is taking a wise approach with its collaborations.…

Continue Reading

Altcoins

Hyperion-Stellar Partnership Finalized — Support For Stellar’s Crypto Assets Trade About To Arrive

Published

on

Stellar
READ LATER - DOWNLOAD THIS POST AS PDF

Hyperion and Stellar: A new partnership

According to a recent announcement by Global Blockchain Technologies Corp., it would seem that the known crypto exchange Hyperion has finally made an agreement with Stellar (XLM). The new partnership is to allow Stellar’s own crypto assets to be traded on Hyperion’s platform. This move is expected to significantly impact Stellar’s price and spread awareness of the coin and its goal even further.

Hyperion uses an alternative trading system (ATS), which was licensed by the SEC. As a part of this arrangement, previously attained via investment in DBOT (Delaware Board of Trade), Hyperion has permission to also operate as a broker-dealer. It is also expected to become North America’s first advanced security token exchange.

As many are already aware of, Stellar is a trading protocol that is used for issuing, exchanging, and transferring digital assets. It works with several other cryptocurrencies, but also with fiat currencies like the USD. Additionally, Stellar also works even with some commodity assets, like gold.

Stellar’s goal is similar to that of Ripple, at least when it comes to enabling faster and better cross-border transactions. While Ripple focuses on providing its services to banks and financial institutions, Stellar aims to provide these services to individual investors. Thanks to this, Stellar has received a lot of attention and praise from individual investors, as the general interest in cryptocurrencies grew.

Why is this partnership important?

By joining Hyperion’s…

Continue Reading

Trending