NEWSAltcoin NewsOpinion

Nano (NANO) Above 100% Gain in the Last Week: Coin Story and News

With most of the crypto-verse concentrating on how only the leader Bitcoin (BTC) is performing against the US Dollar, Nano is playing the game as a top contender. Just Yesterday, EWN reported on how the gain-surfing coin is experiencing just above 10% increase for, but today it stepped up to 24% in the last 24-hours. That concludes to a 110.00% upward jump in price in 7 days reaching the mark of $3.47.

Nano Trading Cryptocurrency

Source: coinmarketcap

It is the second time that Nano (before known as RaiBlocks) is overcoming cryptocurrencies by market capitalization very speedy. Just one month ago after the announcement of its Mobile Wallet for mobile, it was positioned as the 40th largest by market cap.

Nano’s Story

As mentioned in a press writing, the team behind RaiBlocks did gather around the table in November to discuss the future and what is coming next for the project. Since then, it has been on plan for a rebrand to take place as the feedback by the community did support the idea for a name change so it better resonates with the public and mainstream audience. So Nano has been announced.

The Core Team wanted a name that represented the simplicity and speed of the project, and Nano does just that. The new logo uses several nodes, playing on the block-lattice design of the network, that connect to form an “N.”

Latest Developments

The long awaited release of mobile-capable wallets was announced on June 22 by the NANO Team. Android first then IOS was released several days after. In addition to the mobile release, the Team announced open source downloads for Windows, MAC and Linux, praising the community for helping in the development of the wallet dating back to last year.

Prior to the mobile wallet announcement, the team at NANO had announced that the famous hardware wallet of Ledger Nano S, was supporting the digital asset effective June 11. In a tweet on that day, the team at NANO announced the following:

Just recently, on the social news aggregator Reddit it was noted out that LocalNano.com has been given the green light and is live and running:

“It looks like localnano.com is live!

It is a service comparable to localbitcoins that allows an individual to trade nano on a P2P exchange. After looking through their documents, it seems that they do NOT plan on charging any trading fees. They plan to derive their profits from featured/promoted listings. Also, they want to incorporate in Malta.” u/Hefhsdhbfhsf, s/he stated

Alex Tomzack
About author

Alex Tomzack is a crypto-enthusiast and has been fascinated since first hearing about it. Loves technology, writing, culture while being a regular trader and holder of digital assets. Email: alex@ethereumworldnews.com
    Sign up for our Newsletter