Nano XNO

Where XNO sits in the market

#443 places Nano in the bottom of the mid-cap band. At this end of the mid-cap band listing status is not a fixed property. Exchanges review names like XNO on volume grounds, and a delisting notice repricing the asset faster than any chart pattern is a more realistic tail risk than anything in the indicator set.

CryptoPingAi is currently streaming 2 live XNO order books (Binance, HTX). That is thinner coverage than a #443 ranking would normally imply — a move on one of these books is close to the whole market for XNO, with no deep second venue to arbitrage it back. None of the books we see for XNO are regulated US or Korean venues, so this is an offshore-quoted asset — availability, and the price itself, depend on which jurisdiction you trade from.

XNO against its all-time high

XNO is more than 95% below its all-time high of $33.69 (on 2018-01-01) — a 103x gap. At this point the record has essentially no analytical value: it belongs to a different supply structure, a different holder base and often a different market cycle. The useful reference for XNO is the downside, not the peak, so the range section below matters more than this one. It was set 9 years ago. A reference that old says more about the cycle it belongs to than about the asset as it trades now.

XNO across its historical range

XNO has traded across a 1,287x range, between $0.0262 and $33.69. Any volatility figure quoted for this asset depends heavily on which part of that range it is measured over.

Spot is about 12.5x above the all-time low of $0.0262 (on 2017-07-15) — a substantial recovery, but one where a meaningful share of the holder base still has a cost basis within the visible range rather than far beneath it.

XNO supply structure

XNO has a hard cap of 133.2 million XNO, with 133.2 million of it already in circulation — 100.0% issued. Issuance is effectively finished, so there is no scheduled dilution: every future change in market value has to come from price, not from supply mechanics. That removes one of the two variables you would otherwise have to track.

What kind of asset XNO is

Nano is a base-layer network, so XNO is simultaneously the chain's security budget and its unit of account rather than a claim on a business. Value accrual runs through validator economics and through whatever activity settles on the chain itself.

CoinGecko files XNO under 5 categories, including Layer 1 (L1), Payment Solutions, Made in USA, Directed Acyclic Graph (DAG). Worth flagging from the metadata: XNO is tagged as US-originated.

How to set a Nano alert that is worth receiving

Nano (XNO) — quoted on 2 venues we stream — high dated 2018-01-01 — rank #443. On this profile the condition that carries signal is thresholds anchored to the recent range rather than to the all-time high.

Full alert-design method: thresholds, RSI/MACD and volume conditions →