NANO (XRB) can at least hope for a mend in prices. While the asset boomed to phenomenal heights in December, the months after that were riddled with a series of glitches and troubles, pushing the price downward. XRB is one of the losing assets in a green wave of the past week.
XRB hovers around $6.83, with almost no change in the past days, consistently low trading volumes and a downward trend in the past days.
!NANO!
It remains to be seen if XRB benefits from renewed deposits on Binance, or whether a new wave of selling brings the asset lower. After the initial hype, XRB will have to fight and build its community over time, while the price stagnates. NANO is a niche asset and the addition to Binance did little for its performance, unlike other digital assets. Currently, only 0.34% of Binance trading belongs to XRB pairings.
https://twitter.com/nanocurrency/status/989352158842839041
The NANO network community is still complaining that the project team is not dealing with marketing. Right now, the wallet for XRB is still in beta testing, and most coins are kept on exchanges. It was precisely this fact that led to the BitGrail theft, since in the early days of RAI Blocks, as the project was known, there was no other way to trade or store the asset.
NANO community members are comparing the XRB asset to other coins and to their success on exchanges. Right now, XRB is unknown in comparison to Verge (XVG), or Ripple (XRP), both projects with different, but highly visible promotion strategies. For now, the NANO project only reveals information of rather active development going on, and that has a limited effect on prices.
There are still possibilities that not all RAI Blocks coins from the faucet that was open until October 2017 have been used, as some faucet users may be confused after the rebranding.
However, only recently XRB was above $10, and the reopening of Binance may add to the hype and revive the upward trend.
This article appeared first on Cryptovest
