After price cutting drops that took place several days ago with the latest mass market dips, many top currencies are making new lows and major drops.
However, the crypto market is seen in a rebound today where NANO is able to acquire some smooth gains as well by going by over 8% up against the fiat.
Nano is currently price at 1.48$ with great odds for going for 2$ in the next days or weeks and one of the factors that are probably keeping NANO up is the latest listing of Huobi exchange that took place around 2 weeks ago.
Meanwhile, the team announced that the Chinese NANO community is going through an expansion with the latest project, addressing the needs of their Chinese investors, enthusiasts, and holders.
NANO Acquiring a Flattering Rebound: Nano Coin Up by Over 8% in Only Several Hours
Although the market is still in the sign of bearish trends, it is interesting to see that in the last couple of hours many cryptocurrencies are heading for a rebound.
One of the top gaining cryptocurrencies in the list of top 40 cryptos is Nano with over 8% of gains collected in the last several hours.
NANO is set to become the most commonly used, and the most popular crypto in the blockchain space, offering instant payment solution designed for everyday payments and feeless transactions, so it seems that the currency is slowly going through an expansion despite the horrific dips during the last 7 days.
Although NANO was previously pulled into the whirlpool of price cuts with losing -20% of its price to the market dip that took place several days ago, the crypto is showcasing some amazing yearly progress.
To testify the slow but steady adoption of NANO as an instant, feeless payment instrument, NANO YTD chart is recording 892% of growth, witnessing the expansion of the currency.
The crypto is also having the expansion among NANO Chinese community with the latest project the foundation had taken over.
Nanochina.co is Officially Launched, Set to Become the Key of Expansion in China
The team announced in an official post on Twitter during the last week that Nanochina.co, the official website for Chinese NANO community was successfully launched.
The launch of the hub for the Chinese NANO community comes only less than two weeks after the crypto has been listed on one of the popular exchanges, Huobi, and is said to be the key to the expansion of NANO in China.
In their official release on Medium, NANO team describes the website as NANO hub for a Chinese audience, being completely equipped with all crucial information and tutorials on NANO coin all designed to match the needs of the Chinese speaking audience.
At the same time, the website will represent a template, as stated by the team, to what the future NANO hubs should look like for areas and countries where NANO adoption is yet to be imposed.
NANO Team Updates the Community on the Network Fixes
Within the release on the matter of launching Nanchina.co on November 18th, the team also shared a weekly update on the recent network fixes that took place based on developer reports.
The reported problems concerned high CPU usage as well as memory utilization with node operators.
The team already made two changes in order to help and solve this problem with the pending release of Boulton.
Boulton should be one of the major releases for NANO, which might be one reason more why Nano Coin is seen at a bullish pace of growth just right after the major dip, managing to avoid drifting further away from its previous value of 2$.
Boulton release should be first launched on the beta network and should bring some major enhancements to the network regarding developer wallet, improvements to the node software, testing environment, and RPC.
The team previously released the detailed description of changes impending to be seen in Boulton update, which is said to be one of the major updates to the network.
Even though the exact date hasn’t been confirmed yet to when the update will be released, the team is implying that Boulton should be up and running any time soon.
