Bitcoin (BTC) and especially Ethereum (ETH) started a new run in February 2021. Thanks to Ether, we can clearly see that altcoin season is officially started. In this bull season, one of the coin that got our attention is NANO. Let’s talk about the “Digital money for the modern world” and analyse the Nano coin price predictions for 2021.
What is NANO Coin?
Nano coin was launched in October 2015 by Colin LeMahieu and it’s a p2p cryptocurrency. It is an open-source cryptocurrency based on a de-fi architecture which operates in a special way with data structures of blocks.
What makes NANO so special?
NANO is addressing the limits of blockchain-scalability, so it can really reduce the costs while it can raise the speed of the transactions. It has no-fee, literally FREE transactions and it can get confirmations under only a few seconds.
Let’s don’t forget, NANO was called “RaiBlocks” previously, so actually the project and the team behind is not new. This all sounds great right? Actually, these are what we will be looking for in a future currencies; low-cost, fast-speed, privacy. NANO provides all!
Nano – #DigitalMoney for the modern world.
Simple to use, easy to integrate, and open to all. pic.twitter.com/M4bvx3welV
— Nano (@nano) March 20, 2020
How Many NANO Coin are there?
This is also one of the best part for us to consider NANO as a great investment: There is only a limited supply of NANO and they are all, yes 100% of it is in the circulation right now:
NANO | Coinmarketcap Data
As you can see, the total supply of NANO is 133,248,297 and they are all circulating in the market! (Of course there are whales and owners that keeping a big chunk same as other cryptocurrencies)
NANO Coin Price Predictions
While we are writing about Nano price predictions, NANO is playing around $3.5 in the market. But it was just hit it’s 2 years top in January 2021 which was more than $4.5. NANO’s all time high (ATH) is $37.62. Do you think NANO is 10x less than it’s actual potential?
Is NANO a good investment in 2021?
Firstly, we can honestly say that; we believe in Nano. It might never reach the volume or value of Bitcoin or even Ethereum’s. But if you believe in the platform, go ahead. Nano is going to be there, you can profit out of it or you can even start to use it in your daily transactions in the near future.
NANO vs Bitcoin
Nano is aiming to become “Digital money for the modern world“, means digital currency of the future, hence it’s a direct rival of Bitcoin and others like Litecoin (LTC), Bitcoin Cash (BCH) or DOGE 🙂 But Nano is NOT a rival of smart contract platforms like Ethereum, EOS, Tron or many other centralized coins like XRP, BNB or even Tether.
Yes, Bitcoin dominates the cryptocurrency market and nobody expects BTC to disappear from our lives anymore. It’s even called “Digital Gold” but physical gold is not in use of daily transactions right? We assume it’s going to be the same for Bitcoin. It always be a good asset and a saving product but it is not going to replace the today’s currencies like USD, GBP, EUR… That’s where Nano comes.
Nano is a complete better structure than Bitcoin to become a digital money in the future. It has: Free (low-cost) fees, light-speed transactions, de-centralized platform and limited supply. But Bitcoin is more like gold and it has it’s own unique legacy, you got the point.
Conclusion: Should You Invest in Nano Coin?
According to our latest research and Nano Coin news; we are thinking that Nano is a “awesome” long-term investment. For short term; we can only call it a “good” investment.
If you are a day trader and asking “Should I buy NANO today?“, answer is no. Nano has low volatility and volume at the moment since there is no big hype around it (yet). You can still try your best as altcoin season is started but in our humble opinion; Nano coin is good to invest only at the moment.
So, are you planning to buy Nano stocks? or you are not believing the platform? What is your Nano Coin price predictions for future? Let us know at the comment sections below.
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