The crypto community is still small, and value mainly comes from speculation. This explains why there are wild fluctuations in prices. However, as the market expands, crypto value will be driven by adoption. It is cryptos that have the highest levels of adoption that will have the highest levels of adoption. The thing with adoption is that it will be driven by the end-user, and this gives Nano coin (NANO) an edge in terms of long-term adoption and price stability. Here’s why.
Assuming you are new to crypto and just want a coin that can help you move value over the internet, what would you be looking for? You would most likely be looking for speed, cost, and the ability to scale. These features may sound cliché, but they are the ones that will drive adoption going into the future. For instance, on the aspect of speed, anyone looking to send value will be looking to avoid any speed lags in centralized systems. If crypto speed is low, then one might as well make use conventional methods, unless they are looking to use crypto for fun. This gives Nano (NANO) coin a good chance at adoption because it is not just fast, but also instant. That’s a real incentive for people to use it, in transferring value on the internet, and give it sustainable value growth going into the future.
Secondly, is the aspect of cost. There are lots of different ways of transferring value on the internet. One of the reasons why people choose one over the other is cost, and crypto is no exception. As such, this will play a huge role in the adoption of Nano coin going into the future. Nano coin has a huge edge on this front, not just over centralized systems, but over most cryptos as well. That’s because Nano (NANO) is feeless. The ability to send value online at zero cost will draw in people to use Nano over time. There is really no incentive for someone to send money with a fee-based system when there is an option to do the same cost-free and instantly.
Another Nano Coin (NANO) feature that will draw in users in the long-run is its scalability. Since it uses DAG technology, Nano (NANO) coin can achieve infinite scalability without any inefficiencies to the network. This when combined with zero fees and instant payments will draw in merchants looking to integrate crypto payments into their systems. There is a real incentive for them to integrate Nano, not just because it is trendy, but also because with scalability, they can handle thousands of customer transactions without any lags to the network. As such, merchants have an incentive to integrate Nano (NANO) into their systems as a way to attract more customers to their systems.
But when will this mass adoption come? Well, like every other product, adoption will come through marketing. The Nano community has been making moves to push for more awareness of nano coin. Recently, the Nano community funded a project to increase awareness through Google Ads. Through such initiatives, Nano will become better-known, and the adoption will slowly begin to take shape.
Based on the above, there is no doubt that the long-term prospects of Nano Coin (NANO) are quite good. It almost feels like common sense to have Nano coin in a long-term crypto portfolio. The future of Nano coin in the market is great.