Nano (NANO), formerly known as RaiBlocks, has been created to revolutionize the blockchain technology. NANO crypto coin has been drawing investors’ attention for quite some time now but is investing in Nano (NANO) a good idea right now?
Nano (NANO) has passed through a tough period in February
Last month, Bitgrail exchange has been attacked by hackers and more than $170 million worth NANO coins have been stolen.
Even though the Nano (NANO) team announced that only the Bitgrail’s poor security was the culprit for the attack, the Nano (NANO) cryptocurrency price dropped below $10.
Besides, many people lost their trust in Nano (NANO).
Nano (NANO) Price
At the moment of this article, Nano (NANO) is trading at $13.56, measuring a 10.62% decline in the last 24 hours.
Yesterday, Nano (NANO) closed at $14.74.
Also, Nano (NANO) has managed to go up one position in the crypto’s top by market cap. Now, Nano (NANO) is the 19th crypto coin by market cap with $1,807,486,394 or 164,086 Bitcoin (BTC).
Is investing in Nano (NANO) a good idea right now?
Since the Nano (NANO) price seems to go lower and lower since the beginning of the month, I believe it is a good idea to invest in Nano (NANO), as soon as possible.
Nano (NANO) is expected to rise because it has already proven its technology’s capabilities in canceling latency that is characteristic for Bitcoin (BTC) and other similar cryptocurrencies.
Besides, Nano (NANO) runs on a new blockchain technology called “block lattice” or “multi-dimensional blockchain”.
Market analysts expect Nano (NANO) will value as much as $28 by the end of 2018. On a much longer forecast, Nano (NANO) is believed to reach $89 by the end of 2023.
In conclusion, there is only good news and a brilliant future is expected for Nano (NANO), therefore, it is a good idea to invest in NANO.