NANO Cryptocurrency Sees LocalNano.com Launch to Boost Market Activity
LocalNano.com Goes Live As Market Value Increases
Localnano.com, a peer to peer cryptocurrency exchange platform goes live, as the market value increase by an astonishing 207.4% from $0.81. This rise is seen amidst the dumping trend of other cryptocurrencies and the ETF brouhaha.
The Rise In The Value Of Nano Amid The ETF News Fominated Market
Bitcoin ETF news dominated the crypto market and its approval in the concluded week. The news of SEC’s decision to postpone the announcement of a Bitcoin ETF approval to September made the value of Bitcoin take a sudden dive along with other cryptocurrencies recently.
The value of cryptocurrency has so much been related to the news of the approval of Bitcoin ETF by the U.S.A. SEC. Many cryptocurrency analysts have alluded the expected rise in the value of crypto this year to its approval.
However, the approval received another deadly blow again during the past week when the SEC rejected three bitcoin ETF applications in a day. Citing the volatility of the market and the unregulated nature of the market making cryptocurrencies in general prone to manipulation.
Behind the noise of the market amidst all the troubles was Nano, which has been unnoticed for quite a long time. Contrastingly, the Nano coin has solely distinguished itself in the cryptocurrency community by rising to $2.49, a remarkable 207.4% increase from where it was at $0.81 in recent weeks.
Equally, the attention of the community to the ETF news made the community unaware of the launch of the LocalNano platform. A peer-to-peer cryptocurrency exchange platform. The notice of the community was brought to it by the post of a Reddit user that states,
“It looks like localnano.com is live! It is a service comparable to localbitcoins that allows an individual to trade nano on a P2P exchange. After looking through their documents, it seems that they do NOT plan on charging any trading fees. They plan to derive their profits from featured/promoted listings. Also, they want to incorporate in Malta.”
However, as revealed there are some conflicting issues with the platform. Two domains were noticed. One localnano.com without SSL security and the other localnanos.com. This created some sort of confusion to the Nano community. The onus of clarification, however, lies with the nano team, who will feature at the voice of the blockchain event in Chicago this weekend.
What Is LocalNano Platform
As defined by the platform, LocalNano is a marketplace where you can find people to trade Nano with, these could be individuals like you on the other end of the market, or established businesses and brokers.
Choose the terms of trade independently and buy or sell Nano directly from the seller or buyer. Over-the-counter trading is simple, instantaneous, secure and private.