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Cryptocurrencies: 1602
Market Cap: $255,331,348,724
24h Vol: $15,954,569,109
BTC Dominance: 40.8%

Nano (NANO)

Market Cap

$338,148,181 USD

Volume (24h)

$11,276,900 USD

4.7
SAFETY

ranking factors

  • Markets

    How many exchanges are there to trade this coin?

    Nano Markets Rank: 3/100

  • Volume Ratio

    How actively is this asset being traded on the market?

    Nano Volume Ratio Rank: 3/100

  • Market Cap

    The total cost of all coins available.

    Nano Market Cap Rank: 98/100

  • 24h Change

    Is the price moving up or down?

    Nano 24h Change Rank: 41/100

  • Social Following

    How many users are following this coin?

    Nano Social Following Rank: 97/100

  • Google Trends

    How many users are searching for the coin?

    Nano Google Trends Rank: 49/100

  • Twitter Citation

    How many users are talking about this coin in Twitter?

    Nano Twitter Citation Rank: 68/100

  • User Voting

    How popular is this coin among Cointobuy community?

    Nano User Voting Rank: 97/100

Nano investment analysis

Formerly known as Raiblocks, XRB's value proposition is simple. Rather than have a single blockchain in which all of the user's transactions are executed and recorded, let every user account be a blockchain of its own and have the user's transactions only on that specific chain. It is a profound idea that blows transaction speed and scalability issues out of the water in a way that is totally different to most other platforms.

It accomplishes this by using what is called a block-lattice structure. Among its features, zero transaction fees, high throughput, low latency, no mining, delegated proof of stake as consensus algorithm and a special kind of proof of work concept to prevent spamming of the network. Thinking Nano investment opportunities? Keep reading!

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current price
$2.54
Potential Profit

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing possible profit rate in the coming months.

+178.4%
Potential Price

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing the possible price in the coming months.

$7.07
Rankings

The current coin position in cryptocurrency rankings by Safety Rank and Potential Profit.

24/857
by Safety
635/857
by Profit
historical data

How to buy NANO?

XRB started on three exchanges (including a dedicated one) but soon propelled itself to some of the bigger, high volume ones. Although it doesn't count as many exchanges as other top coins, it is still fairly easy to buy Nano if you have been in the space for any length of time.

Storage is somewhat limited by the absence of support by the top brands in cold wallets as of the time of writing. There is a web and desktop wallet provided by the platform itself, mobile is also available and paper wallets can also be done, with some produced by the community on top of the procedure explained by Colin Lemahieu on the website.

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Is it safe to invest in NANO now?

After the white paper released by Colin Lemahieu in 2014, Raiblocks was live in 2015. It didn't distribute its tokens via an ICO but through a faucet. Shortly after distribution ended in October 2017, the price started rising by a multiple of over 3000 in a matter of months, such was the expectation surrounding the project at the time.

January 2018 saw Raiblocks rebrand itself as Nano, a move that somewhat stirred up its community at first but saw the price increase the same day it happened.

DAG (Directed Acyclic Graph) based currencies have sparked interest because of the many advantages they potentially offer. What needs to be asked before you invest in Nano is whether the technology alone can carry the project forward.

It would not be the first time a superior technology loses the battle for survival against a technically inferior product. Think VHS vs Betamax, Netscape vs Internet Explorer or Windows vs Macintosh, to name but a few.

XRB faces the same kind of problem. While the technology can potentially circumvent all of the issues with mining, proof of stake, fees and so on, it also needs to beat better branding and marketing by competitors.

Along with that it should adapt to potential regulation (admittedly it might be in a better spot than most due to both their initial distribution system and the absence of miners) and find a way to mitigate its semi centralization due to accumulation by large players.

If it can manage to shake off these issues, it should be a contender for market dominance in the future.

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Melissa 4/30/2018

I got to know that nano has an aim of solving a major pain point of blockchain transaction which is the scalability issue. Nano makes a great choice for stores and businesses that want to accept cryptocurrency, due to its zero fee structure. Currently, its adoption is growing day by day and it is used in many stores currently across the world. I look towards seeing the technology behind Nano actually handle millions of small transactions daily, when widespread adoption happens, and more importantly, securely handle these transactions, with lightening speed. Since these coin has been spreading all around, it’s a good basis to use when investing because it shows the future is bright!