As we start Q4, there is lots of optimism that the market is looking up. Bitcoin (BTC), the main determinant of the market direction at this point, has been looking up, holding up above $6400 for the better part of the month. Different altcoins, especially Nano Coin (Nano) have been performing quite well too. So what are the prospects of Nano (Nano) as approach the end of the year? Going by the various developments that Nano (Nano) coin has made so far, there is a good reason to believe that Nano’s Q4 will be good.
First, the Nano Coin (Nano) community has funded a number of projects that will drive up Nano’s adoption in the coming months. For instance, the community has already funded a marketing campaign that aims to publicize Nano (Nano) in Venezuela. As this campaign gains traction, the levels of adoption of Nano in this country will increase, and so will its price.
Another Nano project that raises the prospects of this crypto going into Q4 is the Google ads campaign. This will see the value of this crypto rise by a huge margin going into the future. That’s because awareness about the project is part of what will drive up the long-term prospects going into the future.
Other than the various Nano community funded projects that are aimed at pushing for awareness, Nano has also been making moves that will see it make in-roads in the IoT market. For instance, in Q3, the Nano center tested a charger that was triggered by a Nano coin micropayment. While it was just a simple prototype, it opens the way for Nano (Nano) to make it big in IoT going into Q4 and beyond.
The IoT market is huge and growing fast, and is projected to be worth trillions of dollars by the 2020s. In essence, by making on-roads in this market, Nano’s prospects look good as we approach the end of the year. All it will take is a few more projects like this charger, and Nano’s presence in this market will be recognized. Nano has what it takes to take on this market and win. That’s because it uses DAG technology, just like IOTA. This makes it perfect for making micro-payments in a feeless environment.
Another factor that gives Nano Coin (Nano) good prospects in Q4 is its constantly improving technical capabilities. The Nano team has been making updates that give this project a higher level of technical efficiency. For instance, they recently released Nano Node version 16.1. This is a patch-up that takes care of the syncing issues that users were experiencing with V16.0. This patch-up resolves some of the bugs that have been affecting Nano (Nano) in the past. For instance, it has fixed the Mutex deadlock bug. With these improvements, Nano (Nano) will continue to gain in adoption, pushing up its prospects for value growth towards the end of the year.
Based on the above, it is clear that Nano (Nano) has what it takes to perform well as we approach the end of the year. From a price perspective, Nano has what it takes to close the year at around $4 – $8. It has tested these price levels in the last 2 quarters even though the market has been largely bearish. As such, now that the market is turning bullish, and all the moves that the Nano team has made in terms of technical development and marketing, it stands a good chance to keep rising all through the last quarter of 2018. It’s a worthy long-term hold.