Nano (XRB) Price Prediction, Can it be Among Top 20 Cryptocurrencies?

Nano cryptocurrency, previously known as Raiblocks (XRB) is gaining momentum. Its price is now well above $10.00, and it seems like it could aim to be among top 20 cryptocurrencies in the near term.

It is a digital currency claiming to be the fastest and free way to pay for everything in life. The transactions are free and instant. The Nano platform requires minimal resources and is suitable for peer-to-peer transactions with a low-latency payment solution.

Raiblocks started its journey from well below $1.00. It moved above $30.00 during January 2018. Later, XRB price dropped and moved below $10.00. A low was formed near $7.00 before the price started its recovery.

Raiblocks (XRB) to NANO

Raiblocks was recently rebranded to Nano. The community is growing very fast, and the core team got many suggestions and improvement ideas. They decided to rebrand completely and that’s how NANO was born (video courtesy – company’s official youtube channel).

After rebranding, the community support grew and the project seems to be gaining pace. They recently announced Nano Wallet for Android in the beta version. It can be downloaded using this link on the Google Play.

Furthermore, they also released Node v10 on their GitHub channel, which has performance improvements in terms of bootstrapping, synchronization and resource usage along with a few UI improvements. All these developments are encouraging and helped the price in forming a base support.

Nano (XRB) Growth and Market Cap

The XRB cryptocurrency has slowly moved into the league of the top 30 cryptocurrencies. With the current price of $10.35 and the market cap of $1,378,746,698 USD, it stands around the 23^rd spot (as per data from coinmarketcap).

If XRB coin price continues to grow, there are chances of it moving into the top 20 altcoins. And who knows, it can even jump to the 15^th spot if the community support keeps growing and the company continues to deliver improvements.

The recent decline in the cryptocurrency market trimmed of the gains. Almost all major digital currencies such as bitcoin, Ethereum, ripple and bitcoin cash traded lower. However, there are now signs of a recovery, which could help NANO price as well.

NANO Cryptocurrency Price Prediction 2018 and Forecast

The charts are pointing to the fact that the price is forming a base around the $8.00 level. The recent upside reaction is positive above the $10.00 level.

The price has to remain above the $10.00 level to gain traction. However, NANO buyers need to push the price above a major bearish trend line with resistance near $11.00. A successful close above the $12.00 level could open the doors for more gains.

The next stop above $12.00 could be $20.00, and above this last, the price may even attempt to retest the last high of $32.00. Any further strength could lift the market sentiment for a target of $50.00.

On the flip side, if the price fails to stay above the $10.00 level, it could continue to challenge the $8.00 level in the near term.