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Nano is Down Nearly 50% in the Last Two Weeks

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The price of Nano (NANO), a trustless, low-latency cryptocurrency that utilizes a block lattice architecture, is down nearly 50% in roughly two weeks following an incredible 300% run-up in August.

Nano’s initial price surge occurred following a recent network test that had the Nano blockchain sustaining around 75 TPS over a thirty minute period, with a peak as high as 756 TPS. This peak blew away previous highs, as earlier network stress tests were hitting in the range of 100-300 TPS.

While the majority of altcoins have taken a hit in recent weeks, it’s important to highlight the volatility associated with the digital currency market, as significant drops commonly follow massive gains. Investors should be aware of the risks associated with buying into coins that have already posted major gains in a short period.

Nano currently trades at $2.02 after reaching as high as $3.55 in late August. Now, the popular altcoin boasts a $270 million market cap, making it the 31st largest altcoin in the AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens. Nano ranked as high as 27 during August.

Nano is Down Nearly 50% in the Last Two Weeks
CoinCodex
Related: Nano Is Up 40% in the Past Week With Room to Run

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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