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Asian Cryptocurrency Trading Update: Nano Lifted on Binance Giveaway

Avatar Martin Young 1 year ago

FOMO Moments

As we end the week crypto markets are still looking bullish and most coins are on the way up. Total market capitalization is now over $450 billion and Bitcoin has made more gains overnight. Currently trading at $9,600 BTC is up 3.8% on the day and is approaching key resistance near the $10k level. Altcoins are a mixed bunch during Asian trading, some are performing well while others have retracted a little from weekly highs. The coin out in front at the moment is Nano.

According to Coinmarketcap Nano is trading 21% higher on the day. It is the only altcoin in the top 25 with double digit gains at the moment. Currently trading at $10.2 Nano has made gains from $8.45 where it was this time yesterday. Over the week this altcoin has made gains of 40% from $7.28 this time last Friday. Nano has been a solid performer over the past month almost doubling in price from $5.2 this time last month. Against Bitcoin Nano has made a 16% gain on the day to 105500 satoshis from 91000 sats this time yesterday. Weekly gains on BTC have been an impressive 33% from 79000 satoshis this time last week.

The rebranded RaiBlocks has had a rough ride with the BitGrail saga but seems to have shaken off any doubts and has recovered well. A Binance giveaway of 15,000 tokens has boosted Nano over the past 24 hours and prizes for Nano traders on the exchange have been an incentive to load up;

Unsurprisingly Binance leads the way with Nano trade taking almost 95% of the total volume. That trade volume has jumped from around $24 million to over $125 million in 24 hours and continues to climb at the time of writing. Nano has found its way back into the top 25 and currently sits at 23rd with a $1.35 billion market cap.

Total crypto market capitalization has climbed again today by 2.7% to $452 billion. Trade volume has also climbed from $23 billion this time yesterday to $31 billion at the moment. Other altcoins with strong gains during the morning’s Asian trading session include Ethereum, Iota, and Bytecoin.

More on Nano can be found here: https://nano.org/en

FOMO Moments is a section that takes a daily look at the top 25 altcoins during the Asian trading session and analyses the best performing one, looking for trends and possible fundamentals.

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