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.
Comment:
Correction we went from $40 to $1