Nano price
Current price
$0.3167
−4.26% 24h
Live Updated just now
Today Nano falls 4.3%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour +7.36%
- 24 hours −4.26%
- 7 days −2.55%
- 30 days −14.37%
- 1 year −71.73%
Nano's move in context
Lagging the market today
−4.26% in 24 hours against −1.91% for the market as a whole, a gap of 2.4 points. Small gaps like this are common, so they don't point to anything specific.
- We compare the last 24 hours with this coin's typical day, from 26 recent days (up to four weeks). We only count exchanges we read on both days, so an exchange we've just added doesn't look like extra trading. This describes trading, not where the price goes next.
$133.45K traded in the last 24 hours on the exchanges we read, close to its usual day.
- The price of each exchange's last trade, read in the past few minutes, in US dollars or dollar stablecoins; markets with little trading are left out. A last price isn't an offer: what you'd pay also depends on fees, the gap between buying and selling prices, and how much is for sale.
Nano's last prices on 3 exchanges we read run from $0.2910 on Binance to $0.3218 on Gate.io, 10.6% apart. Compare before you buy: fees and how much is for sale at each price differ too.
Part of a slide
−2.6% over 7 days and −14.4% over 30 days: the recent move continues the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
Where to trade Nano
Prices differ by up to 10.6% across these 3 exchanges, so compare before you buy.
- Binance Most traded XNO/USDT $96.15K 24h volume Last price $0.2910 −8.11% vs our price
- KuCoin XNO/USDT $35.08K 24h volume Last price $0.3167 0.00% vs our price
- Gate.io XNO/USDT $1.9K 24h volume Last price $0.3218 +1.61% vs our price
Each exchange's last price against our price above. Listed for convenience, not as advice: check that an exchange is allowed where you live.
About Nano
Overview
Nano is a digital currency designed for fast, secure, and feeless transactions. Its core mission is to provide a sustainable alternative to traditional cryptocurrencies, focusing on usability and efficiency. Unlike most cryptocurrencies that rely on mining, Nano uses a unique block-lattice structure that allows for instant transaction confirmation and low energy consumption. This feature positions Nano as an attractive option for both everyday transactions and micropayments, emphasizing financial accessibility globally. Nano's distinguishing characteristics include its ability to handle thousands of transactions per second and its commitment to being environmentally friendly, which sets it apart from energy-intensive blockchain systems.
Technical Features
Nano utilizes a unique architecture known as the block-lattice structure, where each user has their own blockchain, allowing for asynchronous processing of transactions. This eliminates the need for a centralized ledger and reduces congestion commonly seen in other cryptocurrencies. The consensus mechanism employed by Nano is the Open Representative Voting (ORV) model, where account holders choose a representative to validate transactions. This model significantly enhances security and scalability by enabling rapid transaction finality without requiring intensive computational power. Additionally, Nano's algorithmic structure minimizes the risk of double-spending while ensuring that transactions are secure and irreversible, thus fostering user confidence and promoting widespread adoption.
Use Cases
Nano's primary use case revolves around facilitating instant and borderless transactions, making it ideal for everyday purchases and micropayments. Its feeless structure allows users to transfer small amounts without incurring transaction fees that are typical in other cryptocurrencies. Nano can also be integrated into e-commerce platforms, enabling seamless transaction processes for consumers and merchants alike. Furthermore, as the cryptocurrency ecosystem evolves, Nano is exploring potential applications in decentralized finance (DeFi) and smart contract functionality. While it has not fully integrated these features yet, the underlying technology presents substantial opportunities for future enhancements within the DeFi sector.
Development Background
The development of Nano began in 2014 under the name RaiBlocks, and it was rebranded to Nano in 2018. The project was originally created by Colin LeMahieu, who aimed to address the scalability and transaction speed issues faced by Bitcoin and other major cryptocurrencies. Over the years, the Nano community has played an essential role in its growth, providing feedback, development support, and funding. Notable events in Nano's history include the shift from its original proof-of-work mechanism to the current block-lattice structure and Open Representative Voting system, which have contributed to its reputation as a reliable cryptocurrency.
Community and Ecosystem
Nano boasts a strong and engaged community, comprised of contributors, developers, and advocates who actively work to improve the ecosystem. The Nano Foundation plays a pivotal role in promoting the cryptocurrency, fostering partnerships, and supporting various projects built on the Nano network. Additionally, several wallet applications and exchanges facilitate the use of Nano, further enhancing its accessibility. The development community is continually contributing to the codebase, improving the technology, and exploring new use cases, ensuring that Nano remains a relevant and innovative player in the cryptocurrency space.
Future Potential
The future potential of Nano remains promising, given its innovative technology and diverse applications. As the demand for rapid, fee-less transactions grows in the cryptocurrency market, Nano is well-positioned to meet these needs effectively. Upcoming developments include enhancements to its user interface and the exploration of smart contract functionalities, which could expand its use cases considerably. Furthermore, as environmental concerns continue to impact the cryptocurrency landscape, Nano's energy-efficient model may attract users and businesses looking for sustainable options. Overall, Nano's ongoing commitment to innovation and community engagement positions it as a significant player in the evolution of digital currencies.
Nano market
- Position by market cap among the coins we track whose circulating supply is checked.
- #203
- Position by market cap among the coins we track whose circulating supply is checked.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $42.2M
- Price × coins in circulation. It measures a coin's size, not its quality.
- Dollars traded in the last 24 hours on the exchanges we read, in pairs against the dollar or a dollar stablecoin such as USDT. Sites that count more exchanges and pairs show higher figures.
- $133.45K
- on the exchanges we read
- Dollars traded in the last 24 hours on the exchanges we read, in pairs against the dollar or a dollar stablecoin such as USDT. Sites that count more exchanges and pairs show higher figures.
- The lowest and highest price we recorded in the last 24 hours. The dot marks the current price.
- Low $0.2800 High $0.3430
- The lowest and highest price we recorded in the last 24 hours. The dot marks the current price.
- The highest price in our records for this coin. The bar shows the current price as a share of it.
- $33.69
- Now 1% of it Reached 2 Jan 2018 · Needs +10,538% to get back
- The highest price in our records for this coin. The bar shows the current price as a share of it.
- Coins that exist now and can be traded.
- 133.25M XNO
- 100% of max
- Coins that exist now and can be traded.
- The most coins that can ever exist. Some coins have no limit.
- 133.25M XNO
- The most coins that can ever exist. Some coins have no limit.
Nano converter
1 Nano = $0.3167
