* Nano rebrands from Raiblocks on Jan 31 in a bear market.
* On the same day BTC begins a steeper decline and takes the alt market with it.
* As BTC and the market begin a major reversal upwards around Feb 7 Nano is drawn into the drama of failing exchange Bitgrail.
The NANO/BTC chart is deceptive during this time:- BTC is rising fast and Nano is holding at around US$ 10.00, making it look as if Nano is falling. The storm of negativity around Bitgrail hammers Nano for 2 weeks, sending it down to US$ 7.50.
With a total supply of just over 133 Million coins ( capped - all coins in circulation ) compared to IOTA’s 2,7 Billion, this coin is ready for healthy gains.
The Nano community and the product have held together in a difficult market environment and we may be at the turnaround point ....
I've been watching the Nano Chart and Reddit community postings ( https://www.reddit.com/r/nanocurrency/ ) for the last 3 weeks and impressed by the fundamentals. But you probably already know that if you bought in so early. I bought in at the recent dips with a positive view for this coin long term. It's undervalued - with a similar technology to IOTA - zero fees, low energy consumption, high transaction speeds. NANO seems to have a strong developer community and support base. IOTA has about 20 times more coins in circulation & is trading at $1.75 - so if NANO were to reach parity with IOTA, which feels possible - then NANO would be priced at around $1.75 x 20 = $35.00.
If you bought at $0.65 then you're way ahead of the game!
The market is very volatile at the moment - so if this happens, and when, remains for the future to reveal : )