Plunge

Nano

Resistance

Polygon

Chainlink

<p>Nano (XNO), the ultrafast and feeless cryptocurrency ecosystem, has seen massive volatility this week, including a surge of over <strong>57% to $1.29</strong> before retracing to current levels around $1.11—still up 33% in the last day.</p>
<p>This rally comes as Nano trading volumes exploded to over 1,272%, hitting $40 million in the last day.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="694" src="https://captainaltcoin.com/wp-content/uploads/2023/12/chart-45-1024x694.png" alt="" class="wp-image-397242" srcset="https://captainaltcoin.com/wp-content/uploads/2023/12/chart-45-1024x694.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/12/chart-45-300x203.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/12/chart-45-767x520.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/12/chart-45-1536x1042.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/12/chart-45-2048x1389.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/12/chart-45-221x150.png 221w, https://captainaltcoin.com/wp-content/uploads/2023/12/chart-45-100x68.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/12/chart-45-516x350.png 516w, https://captainaltcoin.com/wp-content/uploads/2023/12/chart-45-788x534.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/12/chart-45.png 696w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p><em><strong>Source: <a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="CoinStats" href="https://captainaltcoin.com/go/coinstats-3/" data-shortcode="true">CoinStats – Start using it today</a></strong></em></p>
<p>First launched in 2015 under the name RaiBlocks, Nano aims to deliver essentially instant transactions with zero fees to become “digital money for the modern world.” Its lightweight architecture and novel block-lattice structure set Nano apart from older generations of cryptocurrencies.</p>
<p>The powerful spike in trading activity indicates significantly expanded interest in acquiring XNO tokens even as developers continue building out the network’s functionality.</p>
<p>Without any major project announcements driving the renewed investor appetite, it appears traders may be taking positions ahead of anticipated adoption improvements for the protocol. Nano has witnessed lengthy periods of depressed valuation and limited transaction usage despite its strong technical foundations.</p>
<p>Read also:</p>
<ul>
 <li><a href="https://captainaltcoin.com/polygon-matic-whales-make-mystery-moves-amid-price-plunge/" target="_blank" rel="noopener noreferrer nofollow">Polygon (MATIC) Whales Make Mystery Moves Amid Price Plunge</a></li>
 <li><a href="https://captainaltcoin.com/chainlink-link-signals-breakout-with-eyes-set-on-this-key-resistance/" target="_blank" rel="noopener noreferrer nofollow">Chainlink (LINK) Signals Breakout with Eyes Set on This Key Resistance</a></li>
 <li><a href="https://captainaltcoin.com/battle-for-attention-new-cryptocurrencys-presale-versus-dogecoins-anticipated-surge/" target="_blank" rel="noopener noreferrer nofollow">Battle for Attention: New Cryptocurrency’s Presale Versus Dogecoin’s Anticipated Surge</a></li>
</ul>
<p>The current resurgence, backed by triple-digit trading volume growth, may suggest investors expect tangible utility for Nano payments and transactions to follow as crypto gains broader mainstream traction. With extremely fast and efficient transfers, Nano offers advantages over contingent blockchains if digital asset applications scale up.</p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>74% of retail CFD accounts lose money.</strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy thetrades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/why-is-nano-xno-price-up-30/" rel="noopener noreferrer nofollow">Why is Nano (XNO) Price Up 30%?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Why is Nano (XNO) Price Up 30%?

Table of Contents

CaptainAltcoin

Other articles published on Dec 12, 2023

AR Coin Price Prediction: The 50-Day EMA is Propelling the Uptrend

Ether Supply Hits Lowest Level Since Shanghai Upgrade, Decreasing by Over 309,500 Coins

Solana Recent News Update: SOL Outshines Bitcoin As POOR COIN Offers 10% USDT Commissions For Ref...

Binance accelerates delistings as regulatory pressure intensifies

Why is IMX Price Up By 20%? On-Chain Data Shows Interesting Immutable X Whale Transaction

Singapore Blockchain Festival and Traders Fair 2024: A Celebration of FinTech Innovations

Join our free newsletter for daily crypto updates!