Get started

Nanousdt

NANO (Nano) Coin Analysis 03/05/2021Fundamentals: Billed as "digital money for the modern world," Nano is a lightweight cryptocurrency that is designed to facilitate secure, practically instant payments, without fees, and addresses some of the major limitations of both legacy financial infrastructure, and many modern cryptocurrencies. Development of the project began in 2014 under the name RaiBlocks, and the coin (then termed XRB) launched the following year through a public faucet, which allowed users to claim small amounts of XRB after completing a captcha challenge. Users were allowed to complete as many captchas as they liked to increase their words — effectively trading their time and effort for XRB. RaiBlocks (XRB) was rebranded to Nano (NANO) in January 2018, with the new name chosen to better represent the speed and simplicity the project offers to users. It is a peer-to-peer platform that uses a unique block-lattice data structure to allow users to easily transfer value to one another without relying on centralized intermediaries. Unlike other platforms which typically use the combined proof-of-work of a massive mining network to achieve consensus, Nano instead uses a system known as Open Representative Voting (ORV) — which sees account holders vote for their chosen representative, who then work to confirm blocks of transactions securely. ORV makes Nano extremely energy efficient, positioning it as a more environmentally friendly alternative to proof-of-work (POW)-based cryptocurrencies. As we previously touched on, Nano is designed to be fast. So fast, in fact, that most Nano transactions reach absolute finality within less than a second — compared to several minutes or even longer for many other major cryptocurrencies. This speed makes Nano suitable for commercial payments, since merchants and retailers no longer need to worry about transaction delays when accepting payments. Moreover, Nano transactions are completely free. Since representatives do not receive financial compensation for their efforts to secure the network, there is no need for a transaction fee. This makes Nano an ideal solution for processing micro-transactions, since users no longer need to worry about fronting a potentially expensive transaction fee when making small payments. These features are enabled by its unique architecture. Unlike many cryptocurrencies which are built on top of a distributed ledger known as a blockchain, Nano is instead built around a similar ledger technology called a directed acyclic graph (DAG). This structure is highly reliable and allows Nano to process as many as 1,000 transactions per second (tps) — without requiring an energy-intensive mining network to maintain its integrity, positioning Nano as an eco-friendly digital payment option. Nano is secured by a network of representatives, each of which is voted into position by NANO holders. These representatives are responsible for casting their votes when the network needs to achieve consensus, and their voting power is the sum total of the voting weight delegated to them by NANO holders. These vote on the validity of transactions on the Nano network, ensuring only valid transactions are confirmed. This process protects the network against a type of attack known as a double spend—which occurs when an attacker is able to manipulate the network to effectively spend the same funds twice. In addition, the Nano network features a wide variety of additional defenses against various possible attack vectors Nano was founded by Colin LeMahieu, a heavily experienced software developer and engineer with a wealth of experience working for prominent tech companies, including Dell, AMD and Qualcomm. Self-described as an inventor, LeMahieu has interests that range from space technology to physics and environmental sustainability, and is a well-known name in the digital currency space. He began working full time on Nano in 2017 and remains the CEO of the Nano Foundation — an organization created to drive the development and adoption of the Nano — to this day. Colin LeMahieu also pushed the vast majority of commits to Nano’s GitHub repo. Beyond LeMahieu, the Nano Foundation has over a dozen other employees, including George Coxon, a graduate in Evolutionary Anthropology and experienced account executive, and the current COO of the foundation. Like the vast majority of cryptocurrencies, Nano has a fixed maximum number of tokens that will ever enter existence, this number is set at exactly 133,248,290 NANO. The original maximum supply was set much higher than this, but any remaining NANO tokens above the current 133 million limit were permanently burned. In total, around 39% of the original genesis supply was distributed. Nano is unusual in the fact that its entire supply is already in circulation, this means it is fully diluted. Because it is fully diluted, Nano is also highly decentralized, and well distributed, with the vast majority of Nano accounts holding less than 100 NANO. As of December 2020, around 20% of all Nano in circulation (~26 million) is held in one of the cold wallets associated with the Binance cryptocurrency exchange. A total of 5% of the circulating supply was held back for the continued development of the project, this was allocated to a so-called “developer fund.” The live Nano price today is $10.49 USD with a 24-hour trading volume of $237,230,830 USD. Nano is down 6.70% in the last 24 hours. The current CoinMarketCap ranking is #84, with a live market cap of $1,397,776,939 USD. It has a circulating supply of 133,248,297 NANO coins and a max. supply of 133,248,298 NANO coins. Technical Analysis: The Coin has done its Initialization and Accumulation followed by some Bullish cycles and Reaccumulation phases, Currently the Price is in an Impulsive cycle to the higher levels. Few support levels are defined Price Action which are having confluences by Fibonacci Retracement Levels of Price from its ATH. There are total of 3 Targets defend by the Fibonacci Projection of the initial Move UP.
NLong
by BitonGroup
8
Nano at $6 end of January I created an extremely accurate mathematically angled pattern starting from its ATH. I’m not sure if this exists anywhere but If you expand the chart, you’ll see the dotted yellow and green are long term ascending trend lines while the dashed purple and red are long term descending trend lines. The full green and red are short term trend lines and when they both converge on the bottom blue line, the price bottomed and when they converge on the top blue line, that’s a peak. The dashed orange lines are pointing out those occurrences. You can actually see we’re about to break above a long term red and purple resistance as well as ride the green trend line until the next orange line is reached at the end of January. This is telling me long term we will be rangebound likely until early June and then we could have a pump to $11
NLong
by robloxatvman
2
Nano Montly Levels Long-Term TargetsHello! I hope you are all well. For this month I did an analysis on ETH and it looks like it could easily fall drastically. However, I think that the big investors will stay in the game which means that there could be profitable opportunities in the future. For the future, I think that NANO could easily touch 3.2 again maybe even flirt with 1.8 which is a big win for those looking to accumulate NANO at this stage of the game. For myself, I'm more interested in selling NANO at an interesting price and then buy it again in the future or use the money in other investments Before I return to NANO to catch that upper blue dotted trendline in the graph. Once we break the 17 usdt prices we are going to be facing 28usdt, 45 usdt and 62 USDT; We are looking at an 300% increase if the price tests the ATH from the price at this moment (4.2USDT) Well... Let's see what happens. With the development of the next version of NANO, we may see that progress bar impact on the price. Have a look: github.com It is at this moment 78% complete, which does not actually mean a lot since 22% can take a lot more time than the first 78% took, but it's nice to see progress. This is it, for now, I guess. Let's keep watching.
N
by Alexandre-Perrella
NANO's New Groove Hello people! I like trading NANO and now it seems we are reaching an interesting stage. I used fib retracement and fib speed fan to determine realistic trading ranges and time frames. I believe that the range 7.7 5.3 is where it seems to be heading if the movement keeps the inertia. The price can easily navigate waters under 5.3usdt for a long time eventually leading up to the price of 11.8usdt Breaking 11.8 we are going to have another interesting moment in the price action, potentially meaning moon or drastic fall. Both represent potentially profitable opportunities. However, I do not make any recommendations. Thanks for coming on this journey. Happy trading.
N
by Alexandre-Perrella
4
NANO and where are we now?Hello fellas! Nano has changed their name - again? - to XNO. Actually, the name stays the same, but the tag has changed from $nano to $XNO. The reason behind this change is that NANO wants to adapt to the system that already exists to sneak right into the financial system immediately. That is why they changed to fit the international ISO naming convention. However, it is taking longer than expected for this tag to show on exchanges, so we are still to see the impact of this name change. In this graph, there are two purple zones that I believe are somewhat related. There is no reason for the graph to repeat the past, so this is really just an idea. I hope you all are super well! Thanks for reading.
N
by Alexandre-Perrella
NANOUSDT Technical Analysis💎 NANOUSDT after breaking below the ascending channel, it has formed a symmetrical triangle. The price soon may break above the triangle and the major resistance. After the pullback and retest, it can continue the bullish move 🌐 Tradingview 💵 Invest Only 5% of your Portfolio 🎳 Entry/Pullback now or from 4.005 - 3.780 ☕️ TP1 4.294 🍺 TP2 4.728 🍻 TP3 5.186 🍾 TP4 5.640 🍷 TP5 6.128 🍸 TP6 6.567 🍹 TP7 7.000 🎁 TP8 🚫 SL 3.754 - 3.507 Good Luck 🎲 Check the Links in Description and if you LIKE this analysis, please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️ Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. We will have more FREE forecasts in TradingView soon Have a profitable day 😊👍🏻
NLong
by Fibonacci-Signals
NANO macro update ; repeat moon mission mapNANO macro update ; repeat moon mission map IF it all happens again note that end of Feb bubble pop timing price action is getting weirder and weirder across the board, something big is brewing. gl *recent micro fractals have gone to shit i was following. maybe it is just this most obvious option here. wouldnt be surprised to see some fast deviations, like on the way up etc. also the height i dont think will be as crazy as 17 pump. my eye is on that 200 ish mark.
NLong
by Crypto-Quantum-Fox
12
Nano is ready to EXPLODE within 2 weeks!For months nano has been following historical price movement amazingly! I must mention if you’ve seen my previous posts on nano, I’ve adjusted this chart on the assumption the top will be at a later date (January 16th to be exact), which in return is more accurate. Also the pattern is set to favor peaks while drops can be a bit further down. I don’t see the price going below the yellow lines so last chance to buy this low! By the end of December, I believe nano will at least see $100. I don’t think it’ll fully complete the blue chart because it’s very high but it’ll follow the same pattern up until it peaks. Don’t be fooled because how low it is, absolutely best chance to buy right now as the whole market is setting up the spring to euphoria. Expect a bounce soon back into the blue, potentially within a week!
NLong
by robloxatvman
17