Nano (XNO) Market Cap Hits $160.71 Million

Nano (XNO) traded 4% lower against the US dollar during the 24-hour period ending at 23:00 PM ET on May 7th. Nano has a total market cap of $160.71 million and $3.82 million worth of Nano was traded on exchanges in the last day. One Nano coin can now be purchased for $1.21 or 0.00001917 BTC on major exchanges. During the last week, Nano has traded up 7.4% against the US dollar.

Here’s how similar cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded down 0.5% against the dollar and now trades at $62,927.72 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 1.8% against the dollar and now trades at $0.15 or 0.00000241 BTC.
• Bitcoin Cash (BCH) traded down 0.4% against the dollar and now trades at $469.27 or 0.00745724 BTC.
• Litecoin (LTC) traded 0.8% higher against the dollar and now trades at $81.04 or 0.00128777 BTC.
• UNUS SED LEO (LEO) traded up 1.6% against the dollar and now trades at $5.89 or 0.00009358 BTC.
• Ethereum Classic (ETC) traded up 2.1% against the dollar and now trades at $27.57 or 0.00043809 BTC.
• Arweave (AR) traded 7.5% lower against the dollar and now trades at $37.95 or 0.00060302 BTC.
• Monero (XMR) traded 1.4% lower against the dollar and now trades at $128.63 or 0.00204416 BTC.
• Bitcoin SV (BSV) traded 0.8% lower against the dollar and now trades at $63.57 or 0.00101014 BTC.
• eCash (XEC) traded 1.4% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Nano Coin Profile

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. The Reddit community for Nano is https://reddit.com/r/nanocurrency and the currency’s Github account can be viewed here. Nano’s official website is nano.org/en. The official message board for Nano is blog.nano.org. Nano’s official Twitter account is @nano and its Facebook page is accessible 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 buy alternative cryptocurrencies such as Nano directly using US dollars. Investors seeking to acquire Nano should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Nano using one of the exchanges listed above.

XNO/USD price chart by TradingView