The price of Nano (NANO), a trustless, low-latency cryptocurrency that utilizes a block lattice architecture, is the best performing top-100 altcoin over the past week after surging more than 40%.
Nano’s run-up in price stems from 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. The second highest peak came in around 580 TPS. Previous network stress tests were hitting in the range of 100-300 TPS.
In contrast, the AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens, is currently down around 1% over the past week. NANO is currently ranked 27th in the ALT100 index, up from the 35th spot last week.
Although NANO has posted strong gains of late, the cryptocurrency is still down more than 93.6% from its all-time high of over $33, suggesting the market may have oversold the currency in the latest bear cycle based on the latest price action.
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.