- Nano Coin Surges up by more than 150%.
- Nano offers feeless transactions.
- The surge may be attributed to rising gas fees.
The crypto market is currently on the run, and altcoins are popping up from different corners with surprising gains. Just recently, an altcoin called Loopring surged by 250% within three days. Now, Nano Coin joins the race with more than 150% price increase within 24 hours.
As seen in the chart above, NANO started the year at a steady pace. However, on the fourth of January, it had some price fluctuations opening from $0.67 and closing at $1.69, a 150% increase within one day.
While this is already good news for the team, it showed no signs of stopping. Today, almost at the same timing as the bitcoin spike, NANO gained 150% once more. The price went from $1.55 to $3.96 within 24 hours.
NANO markets itself very similarly to most crypto projects. According to their website, they are a “decentralized, sustainable, and secure digital money focused on addressing the inefficiencies present in existing financial systems.”
The team also boasts of the platform’s eco-friendliness. The project is using a lightweight and efficient consensus protocol called Open Representative Voting (ORV). It’s optimized for minimal energy usage.
However, what stands out with this project is that it offers feeless transactions. Experts attributed the rising gas fees in the Ethereum network as the reason why Loopring price recently surged. Similarly, NANO offering feeless transactions may be one of the reasons why investors are flocking in.