Nano Leads Crypto Recovery | Will It Grow Much Further?

Nano Leads Crypto Recovery | Will It Grow Much Further?

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Nano is leading the crypto recovery today.

After a week of bloodshed, there is finally some green out there yonder on the ol’ crypto fields. Right now, only ten cryptos are down out of the top 100 cryptocurrencies. Nano has been a consistent leader today, outgrowing all the other cryptos on the market.

At the time of writing, Nano has a selling price of $12.59. This puts the altcoin up 35.41% in the past 24 hours – more than any other coin on the market as of right now.

Source: CoinMarketCap

Currently ranked as the 22nd largest cryptocurrency, Nano has a market cap of $1.7 billion at the moment.

>> Nano before: Raiblocks rebrands to Nano

Like many of the other cryptos on the market, Nano struggled in the first half of this week. However, the altcoin started to recover faster than many of the rest of the cryptos out there. Nano began to recovery by around Tuesday and continued its growth through to Wednesday.

Nano’s fast growth in the latter half of this week is a relief to many after the token plummeted thanks to the hack on the Italian exchange BitGrail. In fact, Nano was managing to grow while many of the other cryptos continued to suffer.

>> Nano could be one of the best coins for making small payments

Since Nano first started back in April of last year, the coin has grown by an incredible 138,190%. Nano later peaked at the beginning of January. At this time the coin was trading in the $35 range. Will Nano’s growth right now be enough to take it back to that point?

>> Check out the Crypto Olympics: EOS vs. NEM (XEM) – Semi-Final Round!

How much further do you think Nano will grow? Do you think it will make it to $20 in the next few weeks? Or will its growth start to trickle out in the next few days?

Featured image: The Merkle

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Samara graduated from Simon Fraser University with a BA in English, minoring in Publishing and Creative Writing. One day she hopes to publish her very own novel, but in the meantime, she contents herself with blogging and editing.
She currently specializes in writing financial news and analysis, as well as cryptocurrency news and information.
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About Jenny

Molly Jane is a Russian Literature major from California with a background in writing. She joins CurrencyTimes after working as a freelance journalist and blogger.

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