Long
NANO Resurrection?
I have been a long time holder of NANO/Raiblocks.
The problem this crypto had was a lots of whales (sell walls) and manipulators (on bitgrail) and weak hands (because of it's free distribution method). The bitgrail fiasco came at the worst possible moment, during a BTC bear market, when the currency hadn't consolidated in price.
Also the reddit forum is not moderated properly allowing trolls to post de-motivational messages.
But now that everyone who wanted to sell have done so (we went from $30 to bellow $1), there is no reason to be bearish.
NANO has the momentum to be a top 10 marketcap crypto right now, it's a bit annoying it's happening this early though because BTC hasn't recovered yet.
Have a look at the chart to see what the possible risks are (slowly bleeding down is the main one). But I think it is still massively oversold.
The problem this crypto had was a lots of whales (sell walls) and manipulators (on bitgrail) and weak hands (because of it's free distribution method). The bitgrail fiasco came at the worst possible moment, during a BTC bear market, when the currency hadn't consolidated in price.
Also the reddit forum is not moderated properly allowing trolls to post de-motivational messages.
But now that everyone who wanted to sell have done so (we went from $30 to bellow $1), there is no reason to be bearish.
NANO has the momentum to be a top 10 marketcap crypto right now, it's a bit annoying it's happening this early though because BTC hasn't recovered yet.
Have a look at the chart to see what the possible risks are (slowly bleeding down is the main one). But I think it is still massively oversold.
Note
Correction we went from $40 to $1
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.