Nano (XNO) Trading 33.4% Lower This Week

Nano (XNO) traded down 6.9% against the dollar during the 1-day period ending at 12:00 PM E.T. on April 16th. One Nano coin can currently be bought for $0.99 or 0.00001599 BTC on major exchanges. Nano has a market capitalization of $131.69 million and approximately $3.84 million worth of Nano was traded on exchanges in the last day. In the last seven days, Nano has traded 33.4% lower against the dollar.

Here is how other cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded 3.2% lower against the dollar and now trades at $61,822.87 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 4.4% lower against the dollar and now trades at $0.15 or 0.00000239 BTC.
• Bitcoin Cash (BCH) traded down 9% against the dollar and now trades at $470.69 or 0.00761359 BTC.
• Litecoin (LTC) traded down 2.3% against the dollar and now trades at $77.40 or 0.00125194 BTC.
• UNUS SED LEO (LEO) traded 0.2% lower against the dollar and now trades at $5.87 or 0.00009488 BTC.
• Ethereum Classic (ETC) traded 5% lower against the dollar and now trades at $25.28 or 0.00040897 BTC.
• Monero (XMR) traded 5% lower against the dollar and now trades at $114.99 or 0.00185994 BTC.
• Arweave (AR) traded 12.6% lower against the dollar and now trades at $23.89 or 0.00038648 BTC.
• Bitcoin SV (BSV) traded down 5.5% against the dollar and now trades at $64.47 or 0.00104280 BTC.
• eCash (XEC) traded 8.1% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.

Nano Coin Profile

Nano (CRYPTO:XNO) is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. It was first traded on October 1st, 2015. Nano’s total supply is 133,248,297 coins. The official message board for Nano is blog.nano.org. Nano’s official website is nano.org/en. Nano’s official Twitter account is @nano and its Facebook page is accessible here. The Reddit community for Nano is https://reddit.com/r/nanocurrency and the currency’s Github account can be viewed here.

According to CryptoCompare, “Nano (XNO), previously RaiBlocks, is a decentralized digital currency that addresses inefficiencies in existing cryptocurrencies. It uses a unique block-lattice architecture, enabling immediate transaction processing and scalability. The Nano network offers instant, fee-less transactions with unlimited scalability through an efficient consensus mechanism called Open Representative Voting (ORV). Nano is used for peer-to-peer transactions and is popular in microtransactions due to its instant and fee-less attributes. It was created by Colin LeMahieu in 2015 to address issues of scalability and fees in existing cryptocurrency designs.”

Buying and Selling Nano

It is usually not presently possible to buy alternative cryptocurrencies such as Nano directly using US dollars. Investors seeking to trade Nano should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Nano using one of the aforementioned exchanges.

XNO/USD price chart by TradingView