Checking on Nano (NANO), we note recent volume of 4324900. Since the previous day’s settlement price, the currency has changed 0.52%, recently moving to $6.00088. Tracking the circulating supply, we note that the current level is 133248289 with a market capitalization of 799606994.
About Nano (NANO):
Nano (Symbol: NANO) is a cryptocurrency used in the Nano platform launched in 2015 by Colin LeMahieu as RaiBlocks, and it is now a low-latency payment platform that only needs minimal resources, making this an ideal place for peer-to-peer transactions. The coin has some of the following features: Nano transactions happen instantly; hence users can utilize this coin every day for purchases, both in large or small scale. Nano transactions are free of charge, from bus ticket to business class flight. Nano can process over 1000x more transactions per second than Bitcoin, so users do not have to wait.
The increasing popularity of cryptocurrencies has produced widespread public interest. Although the current intrigue is high, the potential impact on existing financial systems is not fully known. Cryptocurrencies can be viewed as electronic accounting systems that record transactions. In general, they are decentralized. This means that there is no central government or authority responsible for ledger and code maintenance. The popularity of Bitcoin specifically has made crypto markets a widely discussed subject. With so much uncertainty surrounding cryptocurrencies, investors will be closely watching market developments as we move deeper into the year.
As the cryptocurrency market continues to evolve, investors and consumers will most likely be evaluating the pros and cons. Although there are plenty of question marks with the current state of the market, there are many possible benefits of cryptocurrencies. Some of the possible benefits include the immediate access to liquidity, immediate availability, and the efficiency of transactions. The real-time access to funds combined with the speed of transaction time could be seen as a big benefit to consumers. Another positive benefit could be the lower transaction costs which would be a result of the elimination of the intermediary or third party.
Following all the happenings in the fast paced crypto markets can be a challenge. Cryptocurrency may be in a remarkable position to transform financial systems that have been in place for a long period of time. Technologies that are transformative typically evolve from a need to solve a certain problem. The peer to peer systems have the ability to make transactions easier and quicker. Although there are plenty of naysayers opining about the current crypto scene, it remains to be seen what will transpire over the next six months. The vast number of marketplaces across the Internet may be welcoming to these new technologies as the fast changing conditions evolve.