Well - that was a perfect storm of events that caught Nano out in the rain undergoing a decent tress-test:
* Nano rebrands from Raiblocks on Jan 31 in a bear market.
* On the same day BTC begins a steeper decline and takes the alt market with it.
* As BTC and the market begin a major reversal upwards around Feb 7 Nano is drawn into the drama of failing exchange Bitgrail.
The NANO/BTC chart is deceptive during this time:- BTC is rising fast and Nano is holding at around US$ 10.00, making it look as if Nano is falling. The storm of negativity around Bitgrail hammers Nano for 2 weeks, sending it down to US$ 7.50.
With a total supply of just over 133 Million coins ( capped - all coins in circulation ) compared to IOTA’s 2,7 Billion, this coin is ready for healthy gains.
The Nano community and the product have held together in a difficult market environment and we may be at the turnaround point ....
* Nano rebrands from Raiblocks on Jan 31 in a bear market.
* On the same day BTC begins a steeper decline and takes the alt market with it.
* As BTC and the market begin a major reversal upwards around Feb 7 Nano is drawn into the drama of failing exchange Bitgrail.
The NANO/BTC chart is deceptive during this time:- BTC is rising fast and Nano is holding at around US$ 10.00, making it look as if Nano is falling. The storm of negativity around Bitgrail hammers Nano for 2 weeks, sending it down to US$ 7.50.
With a total supply of just over 133 Million coins ( capped - all coins in circulation ) compared to IOTA’s 2,7 Billion, this coin is ready for healthy gains.
The Nano community and the product have held together in a difficult market environment and we may be at the turnaround point ....