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NANO 70% Surge: Pump Effort?

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NANO (NANO) continues to be the fastest crypto in the world and has seen significant signs of recovery in the last several days. However, experts suspect that the new increase might only be a temporary thing that occurred due to a pump effort.

NANO so far

Without a doubt, 2018 has been one of the worst years for cryptos in a long while. A lot of coins have suffered great losses, but even by this year’s standards, NANO has had a really bad time. Its price dropped by almost 97% from its all-time high, which certainly did not do it any favors. However, the last couple of days have seen a surge of mostly positive development for this coin, and many believed that the fight is not over yet.

The story of NANO started a while ago, but the coin started attracting more attention at the end of 2017 when it exceeded $37. However, the steady progress was simply not meant to be, and as soon as the bear market started at the beginning of this year, NANO went down in one of the worst falls ever experienced. Within a few weeks, it dropped below $20. As the time went by, it continued dropping more an more, until its price went below $1. This is the situation that persisted all the way until the mid-August.

The fact that it was also at the center of a large hack that has seen the theft of $187 also did not help. Because of it, the exchange BitGrail, which was the target of the hack, accused the team behind NANO of failing to secure the coin. The NANO team responded by blaming the exchange for having poor security and being incompetent.

An unexpected price surge is just a concentrated pump effort?

However, the situation started to change recently, and NANO has seen a significant price surge, which brought it back from the dead, and it even managed to break the $2 barrier. The trading volumes jumped, and NANO even managed to hit $3.50 on Monday. The interesting thing is the fact that this price move is not related to the recent exploit of the NANO-specific marketplace, Nanex Exchange. The exchange was recently hacked through its wallet.

NANO also became the second most active trading pair on Binance, which has not happened ever since it was first added back in May. On Monday, when it reached its highest price in August, NANO took up over 8.8% of volumes, which came as a surprise to pretty much everyone.

In an attempt to determine what is causing the NANO surge, analysts discovered that it might all be just a result of a pump effort. This brought the attention to Telegram pump groups, which started offering early access to pumps. This is seen as a very risky move by many, since the customers may get the news too late, which will certainly cause them to experience losses if they jump on the opportunity at the wrong moment.

Despite the fact that NANO did not have a good run in 2018, its team still remains one of the most competent ones to this day. They are currently planning an update for NANO network, which is expected to help with improving traffic even more.

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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. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Altcoins

TRON (TRX) Is Likely to Go Big in June

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We are now halfway through 2019, and the situation in the crypto space is better than ever in the past year. Numerous cryptos are seeing large gains, often cut by brief periods of stagnation or small corrections, but the overall sentiment is obviously bullish.

Bitcoin sits way above the $8k mark, and while it struggles to go beyond $8,700, it is still trying to grow. Investors and analysts are quite bullish regarding the foreseeable future, and a lot of altcoins are expected to follow BTC in this regard. However, today, we would like to talk about one particular altcoin — TRON (TRX) — as well as why it is likely to go big in June.

TRON’s progress so far

As many people in and out of TRON community know, TRX is not a project that often sits still. It is rich with announcements, particularly when it comes to his CEO, Justin Sun, whose enthusiastic tweets often seem like hype building to many.

However, TRON made some massive progress in 2018, which was the worst year cryptocurrencies have ever seen. This is not something that can be achieved through hype alone, and the project needs to have true quality and value in order to see such massive development in the middle of the longest and harshest crypto winter in…

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Altcoins

IOTA (MIOTA) Pending Update Might Bring Huge Gains in Days to Come

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The crypto space is erupting once again, and if popular predictions are correct — the growth is only starting. However, in the vast sea of altcoins that hold the massive potential to go big in the future, we would like to set IOTA aside as one of the coins that might blow up quite soon.

As always, there are no guarantees of this, as the crypto space still lacks regulations, and remains highly volatile. To see proof of this, all you need to do is look at Bitcoin, which goes up by $1,000 within a day, only to slowly drop by $700 in the following week, and then repeat the process. In other words, there is still a lot of uncertainty regarding any project, and that includes IOTA.

However, even with all of that in mind, many are quite optimistic about this particular project, especially after a recent announcement. The announcement in question indicates that IOTA is about to see a massive upgrade. In most cases, this would be more than enough of a reason to expect the coin to start performing better. But, in IOTA’s case, this is nearly a guarantee that it will.

The update is believed to carry a lot of fixes for a lot of problems that traders and investors have been reporting for a while. No crypto is perfect, and since IOTA is…

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