It has been another bearish week for crypto, and bullish sentiment has all but waned. Bitcoin (BTC) is back to $3300, and most altcoins are closing the week lower. Nano (Nano) is one of the altcoins that have taken a hit today, and it is now trading below $0.80. This bearish sentiment can make investors lose hope, and sight, of the bigger picture. However, to emerge a winner in any bear market, the trick is always to identify fundamentally strong assets, then shift focus to the future. Short-term price movements have literally no value in a bearish market, when asset prices are depressed across the board.
Applying this rationale to Nano (Nano) can be comforting to any investor doubting themselves and their investment decisions. Nano in the short-term is heavily bearish. The price has broken most critical support levels and volumes are at their lowest levels in months. It’s a doom and gloom scenario in the short-term. However, when looked at from a long-term perspective, Nano suddenly becomes a very attractive investment.
One of the factors that make Nano (Nano) an attractive long-term investment is the changing dynamics in the payments landscape. Society is changing, and people are becoming more adaptive to non-bank payments methods. These changing dynamics have not gone unnoticed. Recently, the IMF chief, while speaking in a Fintech conference, urged central banks to adopt digital payments as a way to remain competitive, and retain control over the financial system.
It’s a sign that the demand for digital payments is growing. These changing dynamics in the payments landscape give Nano (Nano) a key strategic advantage in the market. That’s because, as the demand for digital payments grows, people will gravitate towards the most efficient ones, and Nano happens to be one of the most efficient. That’s because, it is free, instant and secure. This makes it the perfect choice for anyone looking to move money efficiently. As demand grows,the value of Nano (Nano), as an investment, will grow too. It may take sometime, but once digital payments become an everyday thing, Nano (Nano) will beamong those that will stand out, due to its capabilities.
On top of its ease of use, Nano (Nano) also makes sense as a long-term investment, due to its low and capped supply. In economics, one of the most fundamental factors that give anything value is the element of scarcity. When something has an unlimited supply, it doesn’t matter how good it is, it is unlikely to have much monetary value.
This will be the major downfall of most cryptocurrencies. Nano is unique in the sense that it only has slightly over133 million coins in circulation. This is a low supply in a market where most cryptos have supply that runs into the hundreds of billions. By having an edge in payments, and a low supply, Nano makes sense as a store of value. This aspect to it makes Nano (Nano) a perfect crypto to hold as a long-term investment. That’s because, once money flows back to crypto, low supply cryptos will be the first to gain traction, due to theirlow supply.
With all these factor ssupporting it, the doom and gloom situation for Nano (Nano) suddenly becomes anopportunity, for people looking to accumulate for the long-haul.