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In this guide, we will voice our own and market’s opinion on NANO future while discussing Nano price forecast for 2023 and beyond.
Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like Nano.
Now, let’s head into it. Before we delve deep into the Nano price prediction and answer questions if NANO is a good investment or not, why will NANO succeed or fail or why will Nano price rise or drop, let’s quickly throw a glance at what is NANO and its to date history.
Nano Intro
Nano is delegated proof-of-stake (DPoS) blockchain with directed acyclic graphs (DAG) designed to service instant, fee-less payments without offering a robust smart contract platform or reliable store of value. Nano targets a popularized market niche by working to build a protocol to with record transactions processing speeds, low latencies, and easy scalability. Nano is built to decentralize ownership of on-chain assets primarily via a captcha-solving distribution event without mining rewards or a coin offering.
Captainaltcoin’s NANO Price Prediction
Below is a tabular overview of how will NANO develop in the short-term (for the next 90 days), according to our prediction model:
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Nano Price Prediction 2023
High inflation and extremely unsafe macro situation reflected heavily on Bitcoin price in 2022. When we take the internal crypto troubles with big players like FTX, Celsius, Voyager, Luna going down, 2023 is not looking too good for the bulls. We will probably see a lot of boring sideways price action with a tendency to slip lower with each minor market tremor.
CaptainAltcoin’s prediction model takes market sentiment into an account and reacts accordingly. Below is a month-by-month breakdown of the last months of 2022 and 2023:
NANO Price Prediction 2025
Our prediction model sees NANO reaching $ 1.38 in 2025.
What will NANO be worth in 5 years?
The price of NANO in 5 years could lie around $ 1.26, according to CaptainAltcoin’s prediction model.
Nano Price Prediction 2030 – 2040
What Nano will be worth in 2030?
Our forecasting model sees Nano reaching $3.44 in 2030.
What Nano will be worth in 2040?
Our forecasting model sees Nano reaching $6.89 in 2040.
Will Nano replace / surpass / overtake Bitcoin?
No, Nano will not replace or overtake BTC.
Can Nano reach $10?
Yes, Nano could reach $10 by the end of 2025.
Can Nano reach $100?
No, our prediction model sees no possibility for Nano to reach $100 in the short or mid-term period.
Can Nano reach $1000?
No, our prediction model sees no possibility for Nano to reach $1000 in the short or mid-term period.
Is Nano worth buying?
We are advocates of moderately risky investing – invest most of your crypto portfolio in BTC (50%); 35% in a basket of big cap coins and the rest in small projects with huge upside. So, in this context, Nano is worth buying.
Is Nano a good investment?
Nano is, just like all other cryptocurrencies, a risky investment. It does have higher probability of going up than down because of the good use case, well-designed tokenomics, active community and a solid team behind it.
How much will Nano be worth?
For the short-term future, it could reach $0.4133. In the long-term (8-10 years), it could jump to $3.44 or even higher.
Why will Nano succeed and go up in price?
Nano has a good use case, well-designed tokenomics, active community and a solid team behind it. All of these are a prerequisite for success and that is why our prediction model sees Nano rising up to $3.44 in 2030.
Why will Nano fail and drop in price?
Crypto projects fail for various reasons. Some of the most common ones are: team goes rogue and abandons the project, regulators declare it illegal and press exchanges to delist it, lack of media attention, more successful competitors, lack of well designed marketing strategy, losing community support, potential vulnerability in the protocol, failing to achieve anticipated minimum developement activity on the protocol, failing to attract new developers to build on their platform.
How high will Nano go?
Our forecasting model sees Nano price exploding and reaching $6.89 in a distant future.
What is the short-term prediction for Nano?
Nano will reach $0.4133 in the next 90 days, which is a 42.4% change over the current price which hovers around $0.7176.
Can Nano make you a millionaire?
Yes, if you buy large enough sum of it. Do not expect to invest $100 and become a Nano millionaire. But 100x price explosions are a common sight in crypto, so a $10k investment in Nano could make you a millionaire.
Nano Price Prediction Today - What will be the price of Nano tomorrow?
Nano will hover around $0.7406 tomorrow.
When to sell and exit Nano?
That depends on your trading profile. If you believe in Nano and think it has a bright future, holding the coin for at least a couple of years is a good idea. Taking profits on good investments is an even better idea. So if you are sitting on 100-200% or even more gains on your Nano, cashing out a portion of the funds is not a bad move.
Is Nano halal to invest in?
Yes, Nano is a halal investment. Generally, any coin that is not related to alcohol, adult industry, gambling or interest yielding activities (through lending & borrowing) is allowed for muslims, in principle. We advise you do more research and consult religious scholars on this matter.
Could Nano crash and go to zero?
Nano almost certainly will not collapse and crash. People are usually worried that the coin might go to zero if the price of their investment is lagging or going down. That is a natural osciallation in any trading market, prices soar and dip all the time.
Can Nano explode?
No, Nano price will not explode and record 5-10x pumps; but grow more modestly with an increase of 15.2% in the next year.
The majority of projects will fail — some startups are created just to gather funds and disappear, some would not handle the competition, but most are just ideas that look good on paper, but in reality, are useless for the market.
Vitalik Buterin, co-founder of Ethereum said:
“There are some good ideas, there are a lot of very bad ideas, and there are a lot of very, very bad ideas, and quite a few scams as well”
NANO Future Outlook
As a result, over 95% of successful ICOs and cryptocurrency projects will fail and their investors will lose money. The other 5% of projects will become the new Apple, Google or Alibaba in the cryptoindustry. Will NANO be among those 5%?
That is a tough question to answer.
From technology perspective, NANO does look very solid and unique in their solving of archetypal blockchain problems like scalability and decentralization. However, Nano is very weak in terms of business growth, they have almost no merchant market penetration and noone outside of crypto circles knows about them, ergo – their brand presence is very weak, almost non-existent.
Considering Nano is competing with other payment coins, which is an arena full of heavyweights, starting from the king itself – bitcoin and followed by a whole bevy of projects like bitcoin cash, litecoin, dash, monero etc. its chances of success are meager.
Nano is also infamous for their poor marketing efforts, or to be more precise complete lack of such. Nano team apparently took an approach “build it and they will come”, fully relying on the technology and neglecting all other business aspects of a project of this magnitude.
They did step up their promotion game a bit, especially on Reddit where you can see Nano posts on r/cryptocurrency fairly often but that still doesn’t reach the users outside of the crypto bubble and considering crypto community’s toxicity towards overpromotion, Nano might see counterproductive results from its efforts.
All of this gives Nano pretty slim chances of actually succeeding, unless their mantra of “build it and they will come” actually surprises everyone and they land some big corporation to implement them as a payment rail. Probability for this to happen, though, is levitating around zero.
Why will NANO succeed?
So what can give rise to NANO, have the price go up and lift the mood among the holders? Right now, the main engine of NANO’s machine is their allegedly superior technology. I say allegedly because due to the low activity and usage of NANO network, it has never been tested in real-life circumstances, both from the implementation and security perspective.
NANO has also been lauded for their active community that often takes part in the development of the NANO ecosystem with their own apps, services and platforms.
Why will NANO fail?
Everything hinges on adoption, especially for a payment coin like NANO. Nano is already in one of the two toughest sectors of cryptocurrency with trucks of other projects competing for the same users and same market. If we judge by the hitherto success on the business side, NANO has low probability of competing with the crypto bellwether bitcoin.
Is Nano dead?
No, judging by the team activity on social media, github, their own website. Their communities on Reddit and Telegram are also active, although much lower engagement levels are noticeable when compared to 2017. Coin is also still listed on all major exchanges which indicates that NANO is far from a dead project.
All of this summed up means one thing: NANO might live through couple of orchestrated and, for a regular trader, completely unpredictable pumps but the majority of time will be murky sideways trading with small volume and no significant interest from the market.
Price will heavily depend on what BTC will do and since many analysts think BTC will not be making big moves in this year, it is hard to expect NANO will do them either. The price will probably stagnate and record slow-moving depreciation or appreciation depending on the team activity, potential technological breakthrough or high-level partnership
Read also:
- Revain Price Prediction | REV Price Forecast
- Decentraland Price Prediction | MANA Price Forecast
- Celsius Network Price Prediction | CEL Price Forecast
- Secret Network Price Prediction | SCRT Price Forecast
- Nexo Token Price Prediction | NEXO Price Forecast
- Mdex Token Price Prediction – MDX Price Forecast
- Ren Price Prediction | REN Price Forecast
- Serum Price Prediction | SRM Price Forecast
- Perpetual Protocol Price Prediction | PERP Price Forecast
- Mina Protocol Price Prediction | MINA Price Forecast
- dYdX Price Prediction | DYDX Price Forecast
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com
ignore wallet investor, since when are they ever right or even close to it?
$NANO no reliable store of value? How did you come up with that?
By pulling it out of his ass
Joanna Maria Panzera said “Nano coin, perhaps a sleeping giant.”