Bitcoin Forum

Hi,
Nano has known a big skyrocket during January 2018 (33$) while it was only worth few cents months back.Now it's down like every coin (3.35$) because of multiple factors like Bitgrail theft ( 12 million nano)
Do you think it will recover up during the next uptrend?

its depends on the development from NANO,,
i think this nano can reach the past all time high, even more
but, maybe not in this year, maybe next year my friend

According to my observations, nano is strongly dependent on bitcoin. Despite the theft of this amount, the nano is a very good currency. I think that this price drop is just an excuse to buy more coins

Nano was WAY overly hyped at the end of last year. Couple that with the general bullrun, means it's peak price was much higher than it should have been. It has also been hit harder than other coins in this bear market because of the Bitgrail scam as OP pointed out.

Having said all that, I am still holding some Nano. Having played around with it and sent it between addresses, it is phenomenally quick (and free). It has all the makings of a true currency coin - it just needs adoption.

I believe that the FUD created around cryptocurrencies and bitcoin in general is what is affecting cryptocurrencies market including nano. I speculate before that bitcoin is going to go as high as $50,000 and by then nano should be above $200 therefore getting to $32 is something that it might achieve before end of September.

Sorry but lambo days are over for NANO it might be good project but crypto is basically pump and dump scheme and NANO lack one thing unless like tron,verge,vechain and other scam coins have - marketing.Wait for adoption or another bull run.

When you think about it, the current price is 300X times bigger than it was only 1 year ago. So this coin was capable of having such a big rise in price in just 1 year, i think it will be easy for the price to grow 10X times from the current price, when the price of Bitcoin will go up.

Agree, it partly depends on the market, whether bitcoin will recover or not and on nano itself, even bitcoin will be $20.000 again it may not reach $33, if it is now $3 that shows that it has been hyped a lot.

NANO was overvalued and the price it was trading was just some pump. I think is now showing it real price, and for it to go up or down depends on the outcome of how the developers treat it.

When the crypto market recovers, I reckon that Nano can reach $15-20. But $32 seems to be hard to reach because the price was pumped

And when there will be an uptrend, the autumn of 18 and how much will the price of nano fall down yet. If it remains at the level of 2-5 dollars, then the possible trend is able to raise it to the last level by the end of the year otherwise we will see stable fluctuations of up to $ 15.

it actually depends on how far bitcoin can go, if it hits 100k, then sure

The golden ERA of DAGs has already ended and with so many hacked case of NANO and i believe that even the price of bitcoin will increase more than 20k and it will be so difficult for nano worth $33 again. The majority of people have already realized that DAGs still an experimental.

That hype ended don't expect it to be $32 again this would be big disappointment for you, the crash happens easier than the rise and nano is still overvalued for me it does not even worth $3.

These will depend largely on how potential it is and the development. If it has the potential to rise fast, if the price of bitcoin goes up, it can and if not, it will need time to get to this price again.

I think it depend on the market and the whales :)). Sometime, NANO increase the same as BTC but sometime it's not. There are so many altcoins decrease while Bitcoin price is increasing. Beside, I think if the whales wanna pump price of NANO it'll increase but if the whales don't, I don't think NANO has chance to increase with Bitcoin :)

I think that it is just to big price if we talk about nowadays situation, it can just go to the moon in they will make some big moves on market but for me it is to hard to do it.

My opinion that same price will if BTC goes to ATH only. Restoration only is not enough. Because of going up from such dumps is difficulty always than first growth. But when BTC will break ATH it's a mystery.

we will see 15 dollar Neo before this is over

Yes why not, just like most of the community expects that bitcoin will be back to $20k soon again similarly all good coins can grow back to previous highs and even more if the new volume keeps supporting the market, market has started to look positive so just hold more and you will be happy.

Yes, this is certainly real, but the cryptocurrency market should grow much more than before, since NANO will not attract attention to itself as much as it appeared.

I am pretty sure that Nano has a big potential but at the same time I think that it has realized it's full potential for growth

Well that depends on how the nano team performs in the coming months.
Nano needs more marketing, more coming out into the open.
Nano is fast but not when it comes to marketing

There's a possibility. Right now, we don't really have enough volume to pump this altcoin. The total marketcap is now just recovering from months of decreasing capital. Just wait until the we have enough volume to the total marketcap. But it's on the project how they make Nano jump to that price. There's a lot of competition out there in the market. So, they should make progress on the this project to attract more investors and partnerships. They must step up or be left behind of the other interesting projects out there. $32 is impossible for now and even for this year. Unless team makes a big step to make the project alive again. Nano is a good project tho.

Nano goes to the $32 when all of the demand are going for nano.i remember that korean market has started to pump nano to the moon. But in fact it has no update. It seems like people just try to ignore it right now. I will not try to put a big expectation to the nano to go back ATH again in the future.

For now the bitcoin is the mother and the standard of all coins, when the price goes down it is certain that the price of all altcoin also goes down, and when it rises the altcoins price increases too, I think Nano is a good coin and can go up even $ 50 if the bitcoin price above $ 10,000.

No doubt that it'll happen. But it will be not so soon. BTC price near $18k will not enough as I think. Jan '18 was exclusion. For same growth further we should have more than BTC price only

Nano is still on the top 50 so people still believe in the project. I think we could have a much more higher stable price if only the bitgrail hack did not happen. The believers of nano that should be investing more might be decided to exit after that incident so it needs time to bring confidence back.

I think so as most coins go up too when bitcoin goes up as well. But I would not expect it to have the same amount as it was before though. Its better not to expect it to be twice the amount as it was before than regret after because of your huge expectation.