Nano Achieves Market Capitalization of $95.20 Million (XNO)

Nano (XNO) traded down 4.2% against the dollar during the 1-day period ending at 8:00 AM ET on January 8th. One Nano coin can currently be purchased for $0.71 or 0.00000795 BTC on exchanges. Nano has a total market capitalization of $95.20 million and approximately $505.27 thousand worth of Nano was traded on exchanges in the last day. Over the last week, Nano has traded up 2.4% against the dollar.

Here is how similar cryptocurrencies have performed over the last day:

• Arweave (AR) traded down 7.2% against the dollar and now trades at $3.75 or 0.00004174 BTC.
• Bitcoin (BTC) traded down 2.3% against the dollar and now trades at $89,838.04 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 5.9% lower against the dollar and now trades at $0.14 or 0.00000156 BTC.
• Bitcoin Cash (BCH) traded 0.8% lower against the dollar and now trades at $625.32 or 0.00695909 BTC.
• UNUS SED LEO (LEO) traded 1.8% higher against the dollar and now trades at $9.17 or 0.00010208 BTC.
• Monero (XMR) traded 2.8% higher against the dollar and now trades at $457.99 or 0.00509691 BTC.
• Zcash (ZEC) traded 18.5% lower against the dollar and now trades at $397.74 or 0.00442640 BTC.
• Litecoin (LTC) traded 2.2% lower against the dollar and now trades at $80.64 or 0.00089744 BTC.
• Ethereum Classic (ETC) traded down 4.3% against the dollar and now trades at $12.47 or 0.00013876 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Nano Coin Profile

Nano is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. Its launch date was October 1st, 2015. Nano’s total supply is 133,248,297 coins. 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. The official website for Nano is nano.org/en. Nano’s official message board is blog.nano.org.

According to CryptoCompare, “Nano is designed to be a low latency, high throughput cryptocurrency. It builds on an analogy from the electrical engineering discipline by equating network consensus to arbiter circuits. This gives Nano an established and well-researched modeling basis for how the system comes to a distributed, egalitarian, and efficient conclusion. In the Nano system, each account in the system has a blockchain that is controlled only by them, all chains are replicated to all peers in the network, removing block intervals, mining, transaction fees.Nano has rebranded and changed the ticker to XNO, see the official announcement.“XNO” and trades under that name on all the exchanges where it has been listed.”

Buying and Selling Nano

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

XNO/USD price chart by TradingView