In this article we will talk about the XNO cryptocurrency that belongs to the Nano blockchain. It is a little known cryptocurrency, although more experienced crypto investors will probably already know. It is a very interesting cryptocurrency because the Nano project has been around for a long time and has already experienced periods of recession in the cryptocurrency market. The fact of having survived these difficult times shows that it is a solid project that will undoubtedly be able to withstand future difficulties, in any case it gives us more confidence.
IMPORTANT : In this article, we do not offer an investment recommendation. We simply want to share objective data with our readers but also our analysis which is subjective. We are passionate about cryptocurrencies and base our analysis on real and verifiable data. However, before investing in a cryptocurrency or any other type of investment, you need to carry out your investigations and analyze the projects you wish to invest in in order to take a critical look. Here is the official website of Nano.
How to buy XNO cryptocurrency from Nano?
To buy Nano’s XNO cryptocurrency or other cryptocurrencies, there are many options. One of the most popular crypto platforms for crypto investors is called Bitcoin-loophole.io. It is undoubtedly one of the most complete tools for both beginners and experienced traders. But there are many others like Binance or eToro. The platforms we offer are reliable and safe platforms, there are others but be careful because there are many scams even on the internet.
Situation of the project in the cryptocurrency market
As of July 26, 2022, the Nano blockchain is currently 168th in terms of market capitalization with a market capitalization of $ 123,513,648 according to benchmark site CoinMarketCap. This is a fairly large project but not one of the highest profile projects in the blockchain world. The value of the XNO token is $ 0.9269.
To put things in perspective, it is worth mentioning that the Nano token has already reached much higher values in the past. Shortly after the launch of the project, its price reached $ 33.70 in early 2018, and its market cap reached $ 4.5 billion, which is much higher than the current $ 123 million.
After Nano’s strong market cap growth in 2018, it experienced an almost as large decline. Since then, the token has never regained such a high value. While at the beginning of 2018 the token reached its ATH, meaning it reached its highest value ever, by December 2018 the value of the token had fallen sharply until it reached a value of around $ 0.78 at its lowest point. of that year. The token then experienced a long period of stagnation until early 2021, when the cryptocurrency market woke up. The token’s maximum value jumped to over $ 13 in April 2021. This is a steep rise even though the token has never managed to hit its all-time high of $ 33.70 again. .
It must be said that the competition in terms of blockchain was much higher in 2021 than in 2018 and many blockchain projects have even tried to copy Nano’s value proposition but with more marketing or better communication.
Today the value of the token has dropped below $ 1 and is therefore close to its lowest value, historically. What will happen in the future? Will the value of the token still undergo strong increases like in 2018 when the token price had reached x168 in a very short time or as in 2021 where it had reached x13 in a few months?
Nobody can predict the future. If we look at the trend, perhaps next time the token value will be x6 or x3 during the next period of strong growth in the cryptocurrency market, which would already be excellent. It will depend on how the Nano project manages to be efficient in the coming years. Now let’s talk a little more about your project.
Nano, a payment system
The Nano project calls itself “digital currency for the modern world”. It is a blockchain protocol that allows 1000 transactions per second to make person-to-person payments. By way of comparison, the VISA and Mastercard networks do most of the time between 4,000 and 20,000 transactions per second, but they are global players.
Nano is not comparable to these giants of the world of payment systems, but the blockchain is able to support a fairly high number of transactions for its size and therefore is not threatened by congestion problems of its network.
Nano’s payment system is designed to be very fast and secure. It allows you to make transactions anywhere in the world in up to 1 second. This is a transaction speed comparable to those offered by VISA or Mastercard and is much faster than the Bitcoin network.
Nano’s difference with VISA and Mastercard is that transactions on Nano are completely free. The blockchain works via a consensus mechanism called Open Representative Voting (ORV) which is somewhat similar to the Proof Of Stake found on many blockchains except that in the case of Nano the people who validate transactions are not paid, therefore there are no transaction fees.