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.

In February 2018, The Nano Core team were informed by the owner of BitGrail, a fifth exchange by Nano-trading volume, Francesco “The Bomber” Firano of the loss of $170 million worth of Nano due to a software mishap. In a blog update they report that the fault appears to be related to BitGrail’s software.

This quite predictably sent a shockwave of accusations and uncertainty through the community and their coin price, which had already fallen from its January ATH, continued to slide. The epilogue of the saga is that Firano is convicted in Italian courts
and ordered to repay the $170 million worth of cryptocurrency that went “missing” early last year. And this was the event that marked the whole year for NANO or XRB as it was called at the time.

Other notable events saw Ledger Nano S announcing support of Nano tokens on their hardware wallet, couple of community developed projects being launched on Nano network (NanoMate, NanoVault etc).

What is Nano coin?

As you would expect, Nano team that is known for their technical prowess, was very active in developing and optimizing their network with couple of bigger releases seeing the daylight, like Boulton, Dolphin V18 and official Nano wallets for mobile and desktop.

Nano’s roadmap is much more interactive than many other crypto projects, letting those interested in the project explore the nuances of their plans.

To review it in-depth, click here.

There are no clear set deadlines for their goals but considering their track record, there is little doubt they will deliver on the plans, at least the technology part. But will it be enough for Nano to survive and thrive without a massive business side push? Time will tell.

The downfall of altcoins that were mainstream media darlings at the start of the year, ETH among them, can be attributed, in part, to novice investors getting scared off once the bear market kicked in with a vengeance. Every resurgence of bitcoin in recent period, was met with the, for the most part, inability of altcoins to rally with it. Reason for that can be rookie investors learning from their mistakes, while smart money that was previously watching from the sidelines has begun to enter into bitcoin.

These entities weren’t about to buy BTC when it was trading at an all-time high, but they’ll take a look now, having missed the boat the first time around. None of them, it seems, are interested in altcoins however, despite the fact that many are trading at a 5x discount. Institutional investors may be cautious, but they’re not foolish.

What does the ICX future look like?

Some altcoins will continue to have some speculative value for the foreseeable future. But just like the now infamous tulips, the hysteria will eventually subside. We are already witnessing the first phases of that slide and even though most of the bag holders react emotionally to articles that criticize their coins, I am just observing the developments on the market. You better start emotionally detaching yourself from your “great sounding” coin because if goes nowhere, ideas are worthless without execution and real users that see value in the project.

ETH, as the rest of the market, is tied at the hip of bitcoin’s price action. If bitcoin embarks on another bull run, ETH can hope for one as well. Since that is very unlikely, don’t expect much to change for ETH price-wise in this year. So 2019 will be a year of boring sideways action with minor bitcoin ignited jumps and slumps.

In general:

The main currency in cryptocurrency markets is Bitcoin and given this, altcoins tend to fuel Bitcoin runs and Bitcoin tends to do the same in return. Given this relationship, Bitcoin price movements (or lack thereof) tend to effect altcoin prices.

When Bitcoin goes up swiftly, it will likely:

In cases when Bitcoin plunges, it will likely:

When Bitcoin moves sideways, it will likely:

To summarize, Bitcoin is the focal point of the crypto market in many ways, and with BTC trading pairs on every exchange, the gravity of Bitcoin is hard to evade.

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”

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.

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.

Is Dogecoin a joke that is not funny anymore? How does Doge future in 2019 and beyond look like?

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 RDD 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

With the market being completely unpredictable, forecasting the cryptocurrency price is really more of a gamble and luck rather than a data driven guesstimate.

Let’s throw a glance at the eminent publications and personalities, and their predictions regarding the Nano price, which will give us another point of view to consider:

Walletinvestor is a popular website that does technical analysis-based price predictions of various cryptocurrencies. According to them, Nano is expected to go down to $0.08 in one year. This price prediction is very skeptical and probably inaccurate as the current price is a whole order of magnitude greater and NANO would need to totally implode to drop that heavily.

TradingBeasts algorithm is traditionally much more optimistic in its forecasts and it sees Nano reaching $3.53 by December 2019 which means it will do a solid 4.5x jump from its current price.

Cryptoground predicts that Nano might reach $3.10 by the end of 2019. They even added their version of Nano price prediction 2024, where they stated that Nano might reach $27 by 2024.

Digitalcoinprice gave a slightly positive prediction saying that by 2019 end, Nano might be just a shred more valuable than now – $1.10 per coin.

The post Nano (NANO) Price Prediction 2019 – Are The Glory Days Behind Nano? appeared first on CaptainAltcoin.

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