Why is the price of nano rising?

The ultimate Crypto-IoT collaboration

This was announced by the Nanocenter yesterday. The launch of the Nano IoT charger has been confirmed by the company and represents the most promising entry into the IoT industry. The IoT charger and connected device are said to work with the native Nano coin.

The charger that has been released as of now is still a prototype and the features that have been revealed so far that the charger hosts are:

  • It only requires the user to scan a QR code for transactions

  • The QR code initiates a managed transaction process at the micro level; hence no need to worry about change

  • For now, it is only compatible with NANO wallets

This announcement from the Nano Center is a huge milestone for both the company and the community, as even when the charger is successfully tested and brought to market, there are many real-world use cases that can be served. Of course, to do this for real-world use cases, there are many potential uses and multiple iterations that will need to be done beforehand.

Nano branches

Nano is not the first coin and cryptocurrency company to venture into the IoT space, in fact it is the third or fourth. Behind IOTA and several other coins that are also in the space at the moment. However, the excitement and anticipation surrounding this coin is due to the fact that before embarking on this journey, the company did market research in a very interesting way.

The Nano company used its YouTube channel to begin engaging with its community, and the feedback it received through it was invaluable to the company. The community reaction to the YouTube channel and its content made it very clear to the company what was expected of them and what they needed to do.

The company with this move to diversify its business has the potential with this product to become a global brand in the IoT industry. The company’s NANO coin is also starting to be listed on many, many exchanges. Which is a very serious reason for the great acceptance of the coin and the increase in the prices in the market.

Price rise, more expected

In the last week, the price of Nano has seen more than 90% increase in its value. And a 250% increase in the last two weeks. The price two weeks ago was $1.52 USD. The price/value increase is due to multiple reasons. Among them is the fact that the company’s NANO coin is listed and accepted by many exchanges and platforms as a transactional crypto coin.

The other two reasons are pretty intuitive from this article, they are that the company has diversified into the IoT jungle with their product to boot and the fact that their initial network stress test came back with flying colors. It is very important for any crypto company to have the support of the community and it is safe to say that NANO has. The current price of the coin at the time of writing is $3.12 USD.