NANO Price Prediction & Forecast
[Updated 30 November 2018]

Thinking of investing in NANO in November 2018? Here is our honest price prediction and forecast.

Overview

Update (Nov 30, 2018): Nano (NANO) has had an interesting year, and this is reflected in current-month predictions. The NANO coin has definitely been affected by the cryptocurrency crash over the past year. Other significant factors, including a complete rebranding from Raiblocks to Nano in Q1 2018, also need to be considered. Overall, NANO price predictions do follow current market conditions. However, NANO has been all over the charts, holding places from 19th to 38th largest by market cap over the past several months. Rapid price fluctuations continue. The enthusiasm and strong crypto following of this coin does indicate a positive long-term forecast.

Nano is a zero-fee, scalable blockchain project based on a Directed Acrylic Graph (DAG) algorithm structure. Launched as Raiblocks (XRB) in 2015, the cryptocurrency was rebranded as Nano at the beginning of 2018. Created by lead developer Colin LeMahieu, an IT engineer with ties to AMD, Dell, and Qualcomm, Nano is supported by a passionate team of experienced software developers and e-commerce specialists.

Nano (NANO) is similar to other cryptocurrencies in its goal to replace fiat currency with a decentralized, distributed ledger solution. However, the Nano platform offers several features that distinguish it from competitors.

Nano’s strongest feature by far is how it addresses transactions fees. In short, there are none. This zero-fee structure offers benefits over a variety of unique situations. Specifically, with the elimination of high transaction fees, micro-transactions such as pair trading, micropayments through Twitter, etc, and everyday purchases are feasible.

On a larger scale, Nano is unique in several other appealing ways that positively affect both transaction speeds and energy consumption. First, each user operates within their own unique blockchain, called an account-chain. This technology is referred to as block-lattice architecture and is proprietary to Nano.

The block-lattice architecture provides tremendous scalability improvements. The data storage per user decreases exponentially, as only account balances are recorded, each on a new block. This is quite a bit less information than a typical blockchain, which records all transaction amounts.

Despite a tumultuous year, between its rebranding and both the April and Nov 2018 and cryptocurrency crashes that may continue into 2019 and beyond, Nano has shown a strong ability to remain relevant within the market. The coin has recovered quickly and is consistent with market trends.

[bctt tweet=”Nano (NANO) has recovered quickly from several significant losses in 2018, indicating a strong platform despite market volatility.” username=”beincrypto”]

Fundamental Analysis

From a fundamental perspective, Nano (NANO) offers a strong value proposition. The Nano team is dedicated to key components of value such as scalability, sustainability, and a positive user experience.

Infinitely scalable, the Nano platform is capable of processing transactions up to 1000 times more quickly than Bitcoin. In other words, users will never experience transaction delays that might limit the use capacity of the coin.

Additionally, Nano operates under minimal resources, enabling a highly sustainable environment. Due to the individual blockchain feature offered by Nano’s block-lattice technology, transactions take place immediately, in real time, making it a practical tool for daily purchases, large and small.

Also advantageous is the zero transaction fee system Nano has set up. With these features, Nano has the potential to be used as a primary exchange currency.

With mobile compatible wallets available as of Q3 2018 for both Android and iOS devices, Nano also offers an excellent user experience. These wallets join existing Windows, Linux, and Mac compatible desktop wallets.

Technical Analysis

The strong recovery Nano (NANO) has exhibited through the volatility of the past 12 months indicates it will continue to be a viable investment proposition.

Through April, the NANO coin continued to show positive upward movement, remaining competitive with other top coins in the Asian market. Significant announcements such as new wallet platforms and exchange presences in both Q2 and Q3 2018 possibly contributed to gains.

Additionally, its current recovery is aligned with other major coins internationally. As of this writing, NANO is showing a gain of 16.16 percent over the past 24 hours, which exhibits the typical volatility of cryptocurrency, but also the coin’s ability to bounce back from normal market downturns.

Specialists’ Perspective

With the January 2018 rebranding essentially creating an entirely new and more mainstream appeal for Nano in the cryptocurrency world, Nano predictions are positive overall — despite a bearish market. This is partially because the Nano team has eliminated the transaction rate issues and lack of versatility that continue to plague Bitcoin. It is presenting the thirsty crypto community with an inexpensive, lightweight, and autonomous transaction platform.

Most experts agree that the overall need for cryptocurrency will outweigh the current climate. This claim is supported by analysts such as Tim Draper, who states “the long term trend is way up, but I expect many short-term swings in the market along the way. Fundamentally, the world needs Bitcoin, and that demand will only increase in the coming years as Bitcoin finds more and more uses and applications.”

Experts have expressed appreciation for the Nano technology. The coin has a white paper that has been praised for its conceptual integrity as well as its straightforward transparency, yet another advantage over competitors.

Because Nano makes it easy to store coins through both desktop and mobile compatible wallets, it is considered one of the more promising and user-friendly options on the current crypto market. Traders are drawn to both the Android functionality as well as the overall wallet flexibility the platform offers.

One of the most appealing aspects of the Nano platform is its practical commitment to long-term sustainability as a payment platform. Nano announced its presence on top cryptocurrency exchange Binance over the summer. Since that time, deposit speeds of as fast as three seconds have been recorded on Binance, a rate that is half of Stellar Lumens (XLM) — its closest speed competitor.

More established cryptocurrencies do not approach these transaction rates. For example, normal deposit rates for Bitcoin (BTC) hover around twenty minutes. Ether (ETH) is slightly faster and seven and a half minutes, but still nowhere near a rate competitive with Nano.

Other exchanges are also adding or considering the addition of NANO. Coinbase Custody, for example, states this about their expansion plans “Coinbase Custody is exploring the addition of many existing and forthcoming crypto assets for storage only, and will be working to add them as quickly and safely as possible. At this time, we have not yet considered these assets for trading.”

NANO Price Prediction 2018

With Nano (NANO) prices currently at $1.08 with a market cap of $143 million, fluctuating wildly throughout the 2018 year, price predictions have been equally volatile. However, it is safe to say that, despite the bear market seen in the last half of 2018, as well as other market issues such as the Bitcoin Cash hard fork, the Nano platform has held its own.

Unfortunately, this bear market is not expected to correct before the new year, and investors can expect NANO to hover around $1 USD through December. Over the past seven days, Nano prices have somewhat stabilized, with no major surprises, either positive or negative.

Investors can expect this trend to continue through the end of the 2018 year and into 2019.

NANO Price Prediction 2019

Nano (NANO) prices are expected to rise in 2019, possibly as high as $37 USD. This is a lofty prediction, but one that may come to pass due to a variety of factors.

First of all, Nano is both popular and powerful amongst a sea of average altcoins. Other payment-based altcoins run off of vague and often biased platforms. Nano has been built by a solid team of developers, with a clear vision to build an environmentally and user-friendly payment system.

Nano also boasts an enthusiastic and supportive community of user/developers. They have upheld their commitment to supporting user-created DApps.

Security audits are also taking place right now on the Nano platform. When complete, it is likely that the NANO token will be considered by larger platforms such as Coinbase and Gemini for inclusion on their exchanges. This will boost flexibility as well as visibility.

However, according to other sources, NANO may only reach $4 USD in 2019. Ultimately, market conditions need to stabilize and correct before an accurate short term prediction can be made.

NANO Price Prediction 2020

Nano (NANO) forecasts for 2020 are also somewhat dependent upon cryptocurrency as a whole. However, some investment analysts predict a range of $1.50 to nearly $6 USD by 2020. Others anticipate a much greater gain of over $22 USD.

With Nano’s strong focus on rapid payment processing as well as their commitment to the support of DApps, both internal and externally developed, growth possibilities are high.

Nano is considered a profitable two-year investment, regardless of market conditions. As the fastest altcoin transaction currently available, it is a strong tool, particularly for day to day payments. It is also predicted to be listed on major exchanges.

NANO Price Prediction 5 years (Long-Term)

With Nano (NANO) projected to hit highs between $10 and up to $158 within five years, it is easy to get caught up in a lot of hype over this popular coin. With experts such as John McAfee, John Pfeffer, and Roger Ver predicting gains to Bitcoin and similar coins of up to $1 million over the next few years, Nano has the potential to exhibit wild growth.

However, the true test of its growth will be in its ability to perform in an environment that is increasingly friendly to accepting cryptocurrency payments. Nano’s anti-spam proof of work concept that is nearly infinitely scalable offers high hopes for success. Additionally, the zero-fee transaction capabilities are appealing, both to cryptocurrency enthusiasts and society as a whole.

With such a lightweight protocol (built on a block-lattice structure), enabling the individual blockchain concept, it is forecast that Nano will continue to meet expectations in the payment realm.

Our Prediction

At BeinCrypto, our current prediction for Nano (NANO) is based on a decent recovery in a tough market, the potential for upward growth, and a lightweight-but-solid existing protocol. Our forecast is not a product of the notoriously volatile cryptocurrency market, nor the harsh bear market of 2018. We expect that NANO is a solid long-term investment that will yield growth of up to $40 USD in the coming years. However, with competitors noting the potential of the Nano concept, it is unlikely that it will reach the highs predicted by some.

Period NANO Price Forecast
Best Case Scenario Worst Case Scenario
2018 $1.25 $0.75
2019 $4 $37
2020 $1.50 $22
5 years $10 $158

What do you think of our NANO price prediction in 2019 and our forecast for the future? Do you think NANO can recover in 2018? Let us know your thoughts in the comments below!

Disclaimer: This article is not meant to be used as personal investment advice, nor is it information from a qualified investment advisor. Cryptocurrency is a notoriously risky investment, and it is possible to lose everything. Please conduct your own research and investigation prior to investing in cryptocurrency.

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