In January 2018, Nano (Formerly known as Raiblocks) peaked at 37$. A 4.97 billion marketcap which took up 0.589% of the total Crypto marketcap. However, due to the Bitgrail hack, and twas being the peak of the 2018 bullrun, Nano has steeply crashed from that point.
Investors of Nano have since lost confidence in the currency, despite being successfully rooted as one of the feeless cryptocurrencies in this space. This has caused the performance of Nano to lose momentum and not reach it's previous ATH in the 2020-2022 bullrun.
Despite that, the currency also faced challenges related to spam attacks and questionable actions by the Nano Currency dev team.
As a small cap currency that is fully-distributed and non-inflationary, Nano has since been manipulated by big players. Leading to occasional random, unforeseen and unexplainable spikes throughout the bear market.
Will Nano once again soar during the next bull-run? Will it reclaim or even pass it's ATH? This is something no one knows and will be revealed with time.
Price is about supply and demand. For Nano to make it in this space, it has to provide/fulfill a use-case that is heavily demanded in this world today. Nano needs to be in constant high demand and a reason for users to hold onto for long term for its price to rise.
1. Utility: Yes
2. Good Tokenomics: Yes
3. User-Friendly Interfaces: Yes
4. Community Support: Yes
5. General Sentiment: Mixed
6. High Demand: No
7. Market Liquidity: Low
8. Sentiment towards Development Team: Low
9. Scalability: Questionable
10. Long-Term Vision: No
11. Incentive Mechanisms: No
12. Privacy: No
13. Transparency: No (No regular updates from team)
Feel free to discuss about YOUR Pros and Cons about Nano. Thank you for reading
Investors of Nano have since lost confidence in the currency, despite being successfully rooted as one of the feeless cryptocurrencies in this space. This has caused the performance of Nano to lose momentum and not reach it's previous ATH in the 2020-2022 bullrun.
Despite that, the currency also faced challenges related to spam attacks and questionable actions by the Nano Currency dev team.
As a small cap currency that is fully-distributed and non-inflationary, Nano has since been manipulated by big players. Leading to occasional random, unforeseen and unexplainable spikes throughout the bear market.
Will Nano once again soar during the next bull-run? Will it reclaim or even pass it's ATH? This is something no one knows and will be revealed with time.
Price is about supply and demand. For Nano to make it in this space, it has to provide/fulfill a use-case that is heavily demanded in this world today. Nano needs to be in constant high demand and a reason for users to hold onto for long term for its price to rise.
1. Utility: Yes
2. Good Tokenomics: Yes
3. User-Friendly Interfaces: Yes
4. Community Support: Yes
5. General Sentiment: Mixed
6. High Demand: No
7. Market Liquidity: Low
8. Sentiment towards Development Team: Low
9. Scalability: Questionable
10. Long-Term Vision: No
11. Incentive Mechanisms: No
12. Privacy: No
13. Transparency: No (No regular updates from team)
Feel free to discuss about YOUR Pros and Cons about Nano. Thank you for reading