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Nano Price Prediction: Is XNO (Nano) a Good Investment?

In the last couple of years, a lot of decentralized projects aim to solve the scalability issue biggest blockchains face and also provide a universal payment option. One of the is Nano — the network for instant free transactions with an ambitious idea to change the way we pay. The native XNO token of the project experienced a complicated year since the last summer, but recently was performing slightly better. Read our Nano token price prediction to see if it’s the right time to invest in this asset. 

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Nano Fundamental Analysis

Project name
Nano
Stock Symbol
XNO
Current Price
0.00851
Current Supply
2100000000
Official Website

Nano is a lightweight cryptocurrency designed to facilitate secure, practically instant payments without fees. It calls itself “digital money for the modern world”. It aims to overcome the major limitations of legacy financial infrastructure and many major modern cryptocurrencies, such as high gas fees and slow transaction processes.

According to one of the co-founders, Nano is built to become the most efficient currency the world has seen. The project team believes that with the world moving on to crypto, Nano will be accepted everywhere in the world as real money. Until that the Nano tokens are useful for cross-border transfers. 

The project began in 2014 under the name RaiBlocks and the coin was launched the following year through the public faucet, and the users got a chance to claim a small amount of the token (at that time called XRB) after completing the captcha challenge. It was made to attract as many users as possible through very easy tasks. The number of coins rewarded varied. 

In January 2018 the project was rebranded to Nano to more clearly represent the speed and simplicity of the concept and solution. In January 2021 Nano has changed the token ticker and standard symbol. It was made to bring cryptocurrency to the real world and to comply with the globally recognized standards of the International Organization of Standardization. 

The founder of Nano is software developer Colin LeMahieu. He has a big experience working with prominent tech companies, such as Dell, Qualcomm, and AMD. He is very well-known in the digital technologies world for his experience and also wide interest in numerous spheres related to digital technologies and environmental sustainability. Despite being the inventor of Nano and the biggest contributor to the project’s GitHub, LeMahieu also serves as Director of Nano Foundation — the organization that leads the development of Nano.

Nano is based on directed acyclic graph technology, not a blockchain. It is an underlying technology for setting transactions across the network. Nano applies an Open Representative Voting algorithm to secure the network. There is a network of representatives, chosen by the users of the Nano network by voting. The more votes a representative has, the greater its voting weight. The utilization of these technologies allows Nano to offer faster transactions with the finality achieved in a split of a second. 

Even though Nano claims to achieve scalability and offer more transaction advantages than well-known blockchain networks, there are doubts about whether it can provide a proper level of security. For instance, in 2021 the network was attacked with spam and the users couldn’t send transactions for some time. This type of attack was never possible on Bitcoin as its ecosystem is more mature and durable. 

XNO is a native cryptocurrency of the project. It has a max supply of 133248297.92 Nano, with all of them currently circulating. Originally the max supply was set higher, but later the tokens reaching above the 133 million limits were burnt. The advantage of this cryptocurrency is that it is fully diluted, which makes it highly decentralized and well distributed with the majority of holders having not more than 100 XNO. Just 5% of all the supply was allocated to the project team for the further development of the project. 

Nano Live Price Chart

From August 2021 when the crypto market recovered from the deep summer downtrend the price of XNO reached first $7 on August 22 and then after being corrected to $6.6 for a bit longer than a week, jumped to $7.2 on September 5. But the next day all the gains were lost as the token dipped to $5.7, then even more to $5.5, stayed at this level till September 18, and at the end of the month collapsed even more. 

On September 21 the XNO token was trading for $4.3. A short attempt for price correction didn’t change the situation much and in less than a week it went down to $4.2. The situation slightly changed at the beginning of October when the season of altcoins started. But while many of the alternative assets were booming and hitting new heights, XNO showed quite moderate performance. On October 3 it jumped to $5.7, slipped to around $5.2 for the next 20 days, and reached the max of the period on October 31. In the next 2 weeks, it was corrected for around $5.6 and then went up again, not succeeding to break the resistance at $6.1. 

From mid-November, the XNO price went into a downtrend, rapidly losing its value. By the middle of December, the value of the Nano token reached $3.3. It managed to recover some losses to $3.9 in the last week of December, but then dropped again and started 2022 trading for $3.5. 

At that time the whole crypto market was experiencing hard times and the XNO kept falling continuously until the middle of March. At that time its price was just $1.6. As there was a change in the trend at that point, the XNO token price jumped over 50% to $2.5 on March 17. After a short price correction, it went even higher and managed to reach $2.8 on April 4. 

The gains were not kept and from that day the Nano coin joined the overall crypto winter. Its price was going down till May 12, when the mass tokens sell-off hit it together with other cryptocurrencies. The asset price shrunk below $1, but then stabilized at the new level of $1 till June 9. As the Bitcoin price was hit at that time most of the assets suffered too, including XNO. For 3 days it was continuously declining to reach $0.78 and stabilize at that level with a slightly noticeable upward trajectory. By August 13 the XNO token price reached $1 again and then went for a price correction. 

Some market experts foresee the rise of the token in the coming month. 

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Nano Technical Analysis

Despite the fact that 100% accurate technical analysis for Nano cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated XNO buy-and-sell rating for selected timeframe. The summary for XNO/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.

Nano Price Prediction

Below we have collected the most reliable price projections for Nano (XNO) from popular forecast platforms.

Nano Price Prediction for 2022

As of the end of 2022, Nano price predictions remain predominantly positive, with some analytics promising the price at about $0.013616, while WalletInvestor even cites the possibility of the price reaching $0.016509 by the end of the year.
Potential ROI: 80% Buy

Nano Price Prediction for 2023

In their Nano price predictions for 2023, TradingBeast’s forecasts the coin’s price to go above $0.010212 by December. Forecasting Nano's future, WalletInvestor expects further growth, too, saying the Nano price will reach ~$0.010382 by that time. On the contrary, PricePrediction.net keeps predicting Nano price decline, quoting prices around ~$0.002723 in 2023.
Potential ROI: -9% Sell

Nano Price Prediction for 2024

Nano price predictions for 2024 are still predominantly positive, with some analysts promising prices in the $0.010638–$0.016424 range (WalletInvestor, PricePrediction.net), while TradingBeast takes a different view and cites the possibility of the price reaching $0.003676 in December 2024.
Potential ROI: 20% Buy

Nano Price Prediction for 2025

Both PricePrediction.net and WalletInvestor doubt that the Nano market will grow in 2025, predicting the price drop to $0.007829 and $0.004085 by the end of the year respectively. Other Nano price forecasts support the idea: TradingBeast forecasts Nano to fall down to $0.005992 by December 2025.
Potential ROI: -30% Sell

Nano Price Prediction for 2030

Most experts are expecting a bleak future for Nano: long-term Nano price predictions promise significant decline by 2030. WalletInvestor predicts the price to reach $0.007999, while TradingBeast goes down for $0.005813. PricePrediction.net also puts not so big hopes on Nano in the long term: its Nano prediction for 2030 is $0.005021.
Potential ROI: -26% Sell
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Summary

As it can be clear from the analysis cited above, Nano (XNO) projections are rather contradictory. There is no universal consensus either about positive or negative future XNO price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Nano projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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