Nano Coin seems to be transferring the success it had in the market during the last week to the current week as well, as NANO Coin is seen spiking up by 127% concluded with August 26th, making up for one of the top gaining cryptos in the market for the past several weeks and up.
Even though Nano coin dropped by -89% since reaching its all-time high, we can see this currency dominating on both monthly and weekly charts while trading in the green and going up against the fiat.
Only within the last 24 hours, Nano Coin managed to collect up to 20% of gains at one point, while at the end of August 26th it marked 16% of gains against the fiat.
Since NANO team is focused on breaking into the auto industry while promoting the Internet of Things, which has already been “visited” and taken into consideration by other blockchain projects such as IOTA. Nano Coin has also recently announced a charger powered by NANO coins, clearly making a huge progress in adding new use cases for Nano technology.
Some of the most significant highlights of the week for Nano is the confirmed launching of LocalNano.com, enabling users to trade Nano coins on a peer-to-peer exchange.
NANO Announces LocalNano.com
After Nano Coin got a significant dose of attention in the market once it was announced that Binance will be representing this cryptocurrency, which at the same time showed that one of the largest exchanges believes in Nano project, the team behind the 23rd biggest coin didn’t stop there.
Nano Coin also got support from Ledger S, making it more accessible to crypto users, while it continued with the treasure hunt that took place in London in order to celebrate the interest that London Stock exchanges showed for NANO.
It seems that many external and internal positive factors are driving the price pump behind Nano Coin for already two weeks, given the fact that the crypto was up by 90% during the last week while we can now see it spiking up by 127% during the last week with the latest changes in the market.
One of the latest announcements by Nano team brought attention to the recently launched LocalNano.com, as “Redditors” started a thread on this matter on August 25th.
The contributor of the thread stressed out that LocalNano.com resembles LocalBitcoins, working in a way to allow individuals to trade their NANO coins on peer-to-peer exchanges.
The redditor also added that the papers announced by Nano team claim that no fees will be conducted for trading as the team is planning on taking profits from promoted listings rather than charging fees.
In accordance with the information provided, the team is also planning further expansion to Malta.
Nano as a blockchain project is already promoting zero fees with instantly processed payments, which is why it probably makes a lot of sense to keep Nano zero-fee even on LocalNano.com.
After several noted security issues and reports from users as there seems to be another similar platform called LocalNanos.com, the team stated that the Sign-Up option is disabled for now as the team is still working on integrations and functionality improvements, adding that the platform is not yet officially live and fully functional.
The team also added that SSL certificates, bug fixes, and security matters are already being taken care of, advising the users to wait until the platform is officially announced.
Nano in the Market
Nano Coin seems to be working full steam both in the market and in the field of technological improvements and developments, working on new wallets, integrations, projects and embracing new opportunities regarding IoT, as well as releasing version 15.2 with numerous bug fixes and improvements, while also releasing a prototype for a Nano-based charger.
This crypto at the same time makes up for one of the top gainers in the market, rising up by 127% in the last seven days, and 2249% of gains during the period of a single year.
Nano Coin persists with collecting gains despite the bear trends without any sign of pump and dump, which can describe this crypto as an investor’s gem especially during the frequent and continuous crisis in the market.
During the last 14 days, Nano Coin went up by the amazing 210% as it was seen spiking up on August 26th by over 22% in the period of 24 hours.