Fundamentally, NANO is an attractive cryptocurrency because it was built on the foundation of the block-lattice ledger that provides for improved scalability and throughput due to the presence of independent blockchains. Its PoW algorithm doesn’t require a lot of computation power, which makes running the Nano nodes more affordable. The transactions involving the currency itself are carried out on a no-fee basis and at the superbly high speed.
However, the absence of fees is also a clink in NANO’s armor because it implies that those who operate the nodes are not properly compensated for the contribution or punished for abusive practices. In the future, that factor could be detrimental to both the ecosystem and the price of NANO.
NANO hangs in the balance
At the peak of the last major bull market of 2017/2018, NANO was valued at $37.62 - all-time high achieved on January 2, 2018. That was a culmination of an overwhelmingly impressive bull rally from the all-time low at $0.006, recorded in March 2017. Presently, the coin is valued at $0.55 - 99% away from the said ATH.