NewsPrice Analysis

Nano Coin Price Analysis: Nano SkyRockets 16% In a Day

The cryptocurrency markets continued to rise at a slow pace over the weekend with most of the major coins showing significant increases, although there were some that retreated by small margins.

The Nano Coin was introduced in 2016 under the name Railblocks . It is a peer 2 peer currency and allows cashless payments on the Internet. The new Blockchain Lattice allows real-time transactions, with no transaction fees.

NANO/USD

According to tradingview, On April 7th, the coin was trading at $1.42, further at the end  of the day the price slightly decreased reaching $1.30. On April 8th (Today), Initially, nano coin was trading at $1.39. The coin gained momentum surging upto 16% and reached $1.68. At the time of writing, Nano coin  is currently trading at $1.64 USD with market cap value $218,429,426 USD  and ranking in 35th position.

NANO / BTC

On April 7th, there was no drastic change in the price, but on April 8th , initially the coin was trading at 0.00027061BTC. Further, in the 2 -hour time period  at 7:40 UTC + , the coin escalated tremendously and reached 0.00032044BTC.

Nano coin is bullish against Bitcoin over the short-term, with NANO against BTC pair enhancing to a new trading high. This pair has also moved above its 200-day moving average for the first time since May 2018

At the time of writing, the trading value against bitcoin (BTC) surged up to 13.58%, with trading value 0.00031290 BTC.

Considering all the things, it looks like NANO coin is on the right track,  huge gains in double-digit compared to other currencies and enjoying green day. However, it will be interesting to watch if the tables turn in the upcoming big bearish event.

How much do you think the price of NANO will keep increasing? Let us know your thoughts in the comments below!

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Qadir AK

Qadir Ak - Co-founder of Coinpedia Blog - His interest as crypto Author, Editor, Speaker at cryptocurrency conference has made him known as passionate blogger and startup in Asia.

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