NANO Price Prediction – Technical Analysis

 NANO Price Prediction – Technical Analysis


Nano makes money efficient for a more equal world – simple to pay with, easy to accept and open to all.

The Nano ledger is the global set of accounts where each account has its own chain of transactions. This is a key design component that falls under the category of replacing a run-time agreement with a design-time agreement – everyone agrees via signature checking that only an account owner can modify the balance and representative on their own chain. We are going to review how NANO price could move in the coming days.

Fee-Less

Nano is simple and easy-to-use by design. By focusing on transferring value as efficiently as possible, the Nano network is able to offer feeless transactions and provides options for users and services to easily access the empowering and cost-saving qualities of digital money.

Eco-friendly

As the world continues efforts to reduce pollution and energy consumption, many digital money networks have resorted to wasteful designs to secure their networks. Nano addresses this issue. Nano does not rely on power-hungry mining for security, but instead uses a lightweight and efficient consensus protocol called Open Representative Voting (ORV) for minimal energy usage.

Instant

Digital money should be quick and easy-to-use. Whether buying goods at a store, transferring money across borders or making payments online, Nano transactions are completed in under a second so you no longer have to wait. These are fully settled payments on the network. Businesses no longer have to wait for credit card or banking network approval.

Let us review NANO price.

NANO/USD – Price Prediction

nano

NANO has broken out of an accumulation zone and made an impressive move upward. It is currently trading just at the resistance of fib 1 at $11.38. If it can break this resistance, we could start seeing a higher move towards $15.92 and $23.28. Failure to break this resistance could lead to a drop towards $9.80 and $8.57.

NANO is trading at $11.25 with a market cap of $1,367,231,479. Its 24 hour trading volume was $2,024,754,007.

Join us on Telegram to receive free trading signals.

For more information on cryptocurrency, visit the Altcoin Buzz YouTube channel.

Images courtesy of TradingView.

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.

Do your own due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.

 



Source link

Related post