I don't believe in charting to predict the future. Charts are about understanding past events - telling us a nice (hi)story through plotted data.
According to this chart, the demand for nano is correlated with bitcoin fees. Suggesting users migrate to XNO's efficiency under high-fee environments.
Will that continue to happen in the future? Nobody knows.
But people who want to use peer-to-peer decentralized money will probably look for competitive alternatives if they can't use BTC in its current (or future) state.
Nano, and a few other competitors will always be there for these people.
I personally know many who are already doing this.
I did it myself a few years ago, and I have no regrets, despite the price action. I'm a user first, and I use cryptocurrencies daily - but I see no point in using Bitcoin because it doesn't meet my current demand for P2P self-sovereign currencies. It is as simple as that.
Thanks for reading [en] vinibarbosa.research! Subscribe for free to receive new posts and support my work.
Chart correlation: XNO/USD vs. BTC FEES in USD
Chart correlation: XNO/USD vs. BTC FEES in USD
Chart correlation: XNO/USD vs. BTC FEES in USD
I don't believe in charting to predict the future.
Charts are about understanding past events - telling us a nice (hi)story through plotted data.
According to this chart, the demand for nano is correlated with bitcoin fees.
Suggesting users migrate to XNO's efficiency under high-fee environments.
Will that continue to happen in the future?
Nobody knows.
But people who want to use peer-to-peer decentralized money will probably look for competitive alternatives if they can't use BTC in its current (or future) state.
Nano, and a few other competitors will always be there for these people.
I personally know many who are already doing this.
I did it myself a few years ago, and I have no regrets, despite the price action. I'm a user first, and I use cryptocurrencies daily - but I see no point in using Bitcoin because it doesn't meet my current demand for P2P self-sovereign currencies. It is as simple as that.
Thanks for reading [en] vinibarbosa.research! Subscribe for free to receive new posts and support my work.