Nano coin (NANO) has been showcasing a flattering pace of growth during the last seven days, easily collecting nearly 90% of growth in a single week, concluding the seven-day growth with an amazing performance.
It seems that Nano coin has acquired a price pump factor through gaining momentum for the last seven days or so, finishing network stress testing and by adding Bitcoin Super Store support. Moreover, Nano gained additional attention by involving NANO Coin holders in a treasure hunt across London, in order to celebrate the latest listing on London Block Exchange.
Nano Coin (NANO) Up by 90% in a Single Week: Network Stress Testing Successful
Although Nano Coin (NANO) fell by over -90% since reaching its all-time high back in January, while it plummeted around May, we can now witness a decent comeback, which might as well be triggered by the latest momentum surrounding Nano coin for the past several weeks.
The coin even made it above 90% as it went towards 125% of gains on a weekly basis concluding the weekly chart with August 20th, that way becoming one of the top gainers of the week, despite the bearish trends that went on ravaging the market during the last two months.
Even Nano wasn’t immune to these drops as it went down by nearly -30% during the last 60 days.
Since its price is indisputably going up with clearly visible improvements, there are several reasons that might have triggered the recent growth of Nano coin.
One of the main factors might as well be the fact that NANO Coin announced successful network stress testing, previously releasing the new beta version of the network system, called update 15.
In the spirit of successful stress testing, NANO foundation thanked all participants announcing that the network is now able to process 75 transactions for over 30 minutes at the same time reaching a peak of 756 blocks per second.
NANO Coin Added to Bitcoin Super Store
Another decent indicator that might have pushed NANO coin to the weekly gain s of 90% concluded with August 22nd is the case of having NANO Coin added to Bitcoin Super Store after the service has previously listed TRON (TRX).
It seems that based on the community demands, Bitcoin Super Store decided to add NANO, as officially announced by the service on August 17th, which happened during the week when NANO showed an amazing pace of growth against the fiat.
That means that NANO Coin will now become a subject of increased adoption due to the fact that with Bitcoin Super Store, users can now utilize NANO units in order to pay for goods and services in almost any online store on a global scale.
The latest addition was probably one of the factors that NANO skyrocketed during the last week, while also incentivizing holders to actually use NANO Coin as a direct way of paying for different goods online and worldwide.
This case could contribute to an increased demand and investors’ interest in this currency as users are actually able to utilize NANO as a currency at multiple online retailers, diminishing the need of selling it for fiat.
Nano Coin (NANO) stands among the toppers, not only because it showed quite a performance in the market for more than several times, but also for offering a unique blockchain technology.
Instead of adopting the idea launched with the first crypto, Bitcoin, Nano Coin is promoting a unique blockchain lattice architecture, that way enabling swift confirmations of no longer than 3 seconds while having zero transaction fees.
In accordance with the report provided by Binance, Nano Coin has faster TPS rate than both Stellar XLM and Ripple XRP, while these blockchain startups make up for one of the fastest global remittance solutions in the still growing industry.
What might be the most integral factor in drawing attention to this currency lies in the technology of Nano, enabling fast and no-fee transactions, which in the en might be the main reason of the rising popularity of this currency.
Nano in the Market
Even after a two-week long progress in the market and against the fiat, Nano Coin is still seen collecting gains on August 22nd, currently going up by over 4% against the fiat, along the way marking nearly 1450% of gains in the period of a single week.
Nano Coin (NANO) is currently being traded at the price of 1.83$, while it made an all-time high of around 30$ back in January.