Nano Surges 84% to Break $10 Mark, Climbs Back Into the Top 100

On Saturday, NANO gained over 84% as it climbed back into the top 100. NANO nearly doubled its price when it topped the $ 10 mark.
The weekend has stayed mostly green, and altcoins have consistently made profits. However, it was NANO who stole the show on Saturday as the biggest winner. The cryptocurrency that has remained pretty quiet until 2021.
Source: CoinGecko
Nano back from the dead
NANO had previously been classified as neutral by BiC, with a possible outbreak being possible. And it appears that Saturday's outbreak confirmed previous technical analysis.
The cryptocurrency rose over 114% on Saturday before falling slightly. The recent outbreak of Nanos reached a new three-year high, last seen in March 2018.
Source: trade view
The remarkable rise in price is due to the bullish cryptocurrency cycle that is currently being recorded. Bitcoin continues to see a decline in its dominance.
In the BTC dominance curve, the cryptocurrency fell by over 30% in 2021 alone. The last time Bitcoin dominance was this low was in September 2018.
Source: trade view
NANO saw its price rise steadily six months ago. The cryptocurrency was less than a dollar just six months ago. Due to the general price hike, every cryptocurrency has increased dramatically in 2021.
Older projects like Dogecoin saw phenomenal gains in 2021 as retailers entered the market. Dogecoin recently hit an all-time high of $ 0.45. The meme token was only $ 0.008 just three months ago.
The old season is here
The main reason that altcoins are seeing big gains on a daily basis is obvious. The bull run has shifted focus from Bitcoin, which has also seen incredible gains this year, to Altcoins, which are now enjoying the bullish market sentiment.
In connection with the mass adoption, the market for cryptocurrencies continues to grow. Total market capitalization has increased over 189% since the start of the year.
Source: trade view
What is clear is that the off-season is here and the majority of the market is benefiting from the increasing attention to the market. The next question is how long is it going to take.

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