Nano (NANO) announced on its official Twitter page that the crypto token is now accepted at Bitcoin Superstore, the world’s sole crypto store. The tweet sent out on August 17 comes as a blessing in disguise for the cryptocurrency, as shortly after a series of announcements, the digital currency experienced a spike of more than 40 percent in its value in the crypto market.
Encouraging Beta Network Test Results
Earlier this week, Nano tweeted about the progress of its planned testing of v15 on the beta network.
Subsequently, in an update to the aforementioned tweet, Nano announced on August 17 that the beta network stress test has yielded impressive results. Users who participated in the stress test reported an average speed of 75 TPS over duration of 30 minutes, with a reported peak of 756 blocks/ second.
Unsurprisingly, the flurry of positive news for the community had a direct impact on the crypto token NANO. While the token was trading at $ 0.81 on August 14, announcement of partnership with Bitcoin Superstore and encouraging results in stress testing pulled the value up to $ 1.92 on August 18. At the time of publishing this write-up, the token trades at a value of $ 1.63 with a market cap of around $ 220 million, still comfortably up from the week low. The digital token witnessed a rise of 47% during the week, not a bad figure considering the general bearish sentiment in crypto market as of late.
NANO Listed on London Block Exchange
On August 8, the London Block Exchange (LBE) had announced that the British exchange will soon be listing NANO on its exchange platform, thus affecting the first ever NANO and British Pound pairing. This move is expected to attract demand for NANO in the European crypto market.
While crypto giants such as Ether and XRP suffered due to the bearish market sentiment, some of the altcoins shot up considerably. Blockchainreporter reported on August 19 that crypto tokens such as VeChain (VET) and Lisk (LSK) experienced considerable jump in their market values, as both the currencies had positive developments within their community.