Home Finance NANO/RaiBlocks (NANO) Price Still Raising

NANO/RaiBlocks (NANO) Price Still Raising

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Yesterday, the crypto market was affected by a correction and all the cryptocurrencies went red. However, only Nano/raibLocks (NANO) was trending up.

The NANO/RaiBlocks (NANO) Price

Apparently, the rebranding is a positive one for NANO crypto coin.

Formerly known as RaiBlocks (XRB), the crypto became NANO (NANO) after many community members showed troubles saying its exact name.

Today, at the moment of this writing, NANO (NANO) is trading at $11.59 increasing by 33.24% in the last 24 hours.

Yesterday, NANO token closed at $9.28, after scoring an increase of approximately 20% since its closing price in the day before.

About NANO/RaiBlocks

Nano (NANO) was once identified under the name of “RaiBlocks” and the coin was trading with the abbreviation “XRB”.

Last month, RaiBlocks officially became NANO to provide it with a commercial and easy-to-remember name.

The NANO digital currency resembles Bitcoin (BTC) and Litecoin (LTC), also being their competitor.

Besides BTC and LTC, however, NANO technology is developed on the theory of block-lattice that’s a different concept of a network than blockchain.

The main characteristic of a blockchain network is that the transactions have to be confirmed by miners. For their help, miners will be rewarded by the blockchain network with commissions from the transactions fees.

On the other hand, on NANO block-lattice, any user in part possesses some small-sized blockchain networks on which they command the confirmation processes.

This is how NANO and other similar networks can offer free and instant transactions – No miners, no fees, and no delay with the confirmations.

Will NANO go to the Moon?

It is hard to predict if any coin will go to the Moon, sooner, or later.

However, some market analysts predict NANO/RaiBlocks price will rise as high as $27 by the end of 2018.

In the meant time, NANO/RaiBlocks price raised by 33.24% in last 24 hours.