NANO 70% Surge: Pump Effort? - Global Coin Report
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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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3 Reasons Why WISE Token Could Be a Massive Winner in 2021

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WISE token

After working in proprietary trading for over a decade, I decided to transition to crypto in early 2017.  Although crypto is significantly different from traditional capital markets, I managed to successfully find a niche for successful and opportunistic trading.  While 2017 was the perfect time to get involved, the past few years have proven to be a bit more challenging as far as generating ROI.

Cryptocurrency traders have spent the past several years searching far and wide for the next big winner.  While the market as a whole hasn’t been very bull friendly, one specific area that appears to be gaining traction is decentralized finance, more commonly known as DeFi.  This area generally refers to the digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum.  The reason why so many crypto entrepreneurs are flocking to this space is that it allows them to create traditional financial vehicles in a decentralized network, outside the meddlesome control of foreign governments.

One extremely popular DeFi project is Chainlink (LINK) which is a decentralized oracle network that provides real-world data to smart contracts on the blockchain.  Chainlink has seen its token price increase by more than 300% year-to-date.    Another impressive project in the space is Kyber Network (KNC) which has seen its token soar from $0.20 at the start of the year to more than $1.60 at present.  Kyber Network’s on-chain liquidity protocol allows decentralized tokens swaps to be…

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Lotto Nation is Revolutionizing the Traditional Lottery Industry

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Lotto Nation

As the global economy continues to deal with the economic fallout due to the ongoing pandemic, companies are coming to terms with the fact that normalcy may not return for quite a while.  Many economists are wondering how the business landscape will look a year or more from now.  It’s certainly possible that many businesses, such as retailers and restaurants, may be unable to survive the current downturn.  But while some businesses will falter, others will emerge stronger than ever.

Traditionally, when economies go through a severe downturn, companies adapt.  Those that maintain the status quo usually have great difficulty while those that adapt prosper and conquer.  One possible example of this is Lotto Nation.  Thanks to the entrepreneurial skills of Nils Thomson, the Founder and CEO of Lotto Nation, the company is attempting to completely modernize the traditional lottery industry.

Current Lottery Model is Severely Outdated

It’s safe to say that nearly every human that has ever walked the earth has fantasized about winning the massive jackpot that would completely change their life.  These dreams have turned the global lottery industry into a $302 billion market that is expected to reach $380 billion by 2025.  Despite this predicted growth, the industry suffers from a variety of problems that are preventing it from really exploding.

Perhaps the biggest problem is that traditional lotteries are centralized.  Because of this, there is essentially no oversight on what a lottery provider…

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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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