Nano Market Cap Hits $166.83 Million (XNO)

Nano (XNO) traded down 1.7% against the dollar during the 24-hour period ending at 0:00 AM Eastern on May 6th. During the last week, Nano has traded up 5% against the dollar. Nano has a market cap of $166.83 million and approximately $3.78 million worth of Nano was traded on exchanges in the last 24 hours. One Nano coin can now be bought for about $1.25 or 0.00001978 BTC on exchanges.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded 1% lower against the dollar and now trades at $63,283.80 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 4.7% against the dollar and now trades at $0.15 or 0.00000244 BTC.
• Bitcoin Cash (BCH) traded 0.8% higher against the dollar and now trades at $470.70 or 0.00743798 BTC.
• Litecoin (LTC) traded 0.7% lower against the dollar and now trades at $80.29 or 0.00126865 BTC.
• UNUS SED LEO (LEO) traded down 0.7% against the dollar and now trades at $5.80 or 0.00009160 BTC.
• Ethereum Classic (ETC) traded 2.5% lower against the dollar and now trades at $26.94 or 0.00042570 BTC.
• Arweave (AR) traded 2.1% higher against the dollar and now trades at $40.89 or 0.00064620 BTC.
• Monero (XMR) traded down 1.8% against the dollar and now trades at $130.25 or 0.00205815 BTC.
• Bitcoin SV (BSV) traded down 0.9% against the dollar and now trades at $63.88 or 0.00100947 BTC.
• eCash (XEC) traded down 1.8% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

About Nano

Nano is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. Its genesis date was October 1st, 2015. Nano’s total supply is 133,248,297 coins. Nano’s official website is nano.org/en. Nano’s official Twitter account is @nano and its Facebook page is accessible here. Nano’s official message board is blog.nano.org. 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 currently possible to purchase alternative cryptocurrencies such as Nano directly using US dollars. Investors seeking to trade Nano should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Nano using one of the aforementioned exchanges.

XNO/USD price chart by TradingView