Andreas Townsend

2 years ago

NANO (XRB/NANO) is preparing for a future potential bull market. The cryptocurrency remained behind others, but the current status is pulsating some hints that it may be on its way to recovery. XRB grew to $8.48 as it added over 10% overnight. XRB will also have to prove itself as recognizable with the new ticker.

“nano reminds me of the early btc days. At first, nobody cared; then it got really popular because the old system failed (transaction fees); then there was a huge exchange heist and people lost trust – guess what’s next,” posted Ilia Sakowski on Twitter.

Rebranded ticker and wallet issues

The XRB ticker remained in use for a few months after a rebranding from RAI Blocks but the team wanted the revamping to be a complete one, choosing a NANO ticker.

Some voices say that the wallet that’s currently available online, nanowallet.io is not the best features of this project because online wallets are quite risky. This one might even hijack seeds if a hacker gains control over the server.

More than this, the BitGrail fiasco is still keeping a shade over the project and some people still believe that the BitGrail exchange is putting pressure on theft victims to accept a compensation that is not fair at all. NANO theft victims are suspecting the BitGrail exchange of either scam or high-degree negligence.

Closing words – where is NANO headed?

On the other hand, despite all its flaws, NANO is still holding the great potential of entirely changing the crypto world and we can even expect a price run in the short term.

NANO has been locked within a trading range for a while and some believe that a rally is on its way sooner than expected. The fact that NANO skipped the steep run this spring can lead to profits from other coins to seek out the crypto. NANO may be even chosen as an alternative to other altcoins for its trading potential.

Coins Mentioned

NANO

Nano

Leave a Reply

avatar
  Subscribe  
Notify of
Icon
1xBit

Lorem Ipsum is simply dummy text of the printing and typesetting industr...

Icon
Nitrogen Sports

Lorem Ipsum is simply dummy text of the printing and typesetting industr...

Icon
7bitcasino

Lorem Ipsum is simply dummy text of the printing and typesetting industr...

Icon
BitStarz

Lorem Ipsum is simply dummy text of the printing and typesetting industr...

Icon
FortuneJack

Lorem Ipsum is simply dummy text of the printing and typesetting industry....

Top Exchanges
Icon
CEX.IO

4.00

Read Review - Website

Icon
Coinbase

4.48

Read Review - Website

Icon
Binance

4.50

Read Review - Website

Top Casinos
Icon
7bitcasino

4.20

Read Review - Website

Icon
BitStarz

4.93

Read Review - Website

Icon
FortuneJack

4.55

Read Review - Website

Trending news

Binance

Trending news

Top Exchanges
Icon
CEX.IO

4.00

Read Review - Website

Icon
Coinbase

4.48

Read Review - Website

Icon
Binance

4.50

Read Review - Website

Top Casinos
Icon
7bitcasino

4.20

Read Review - Website

Icon
BitStarz

4.93

Read Review - Website

Icon
FortuneJack

4.55

Read Review - Website

Top Sportsbook
Icon
1xBit

4.03

Read Review - Website

Icon
Nitrogen Sports

4.73

Read Review - Website

Icon
SportBet.io

4.60

Read Review - Website

Andreas Townsend Author

I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.

1309 Articles
7255 Followers