Nano (NANO), the infamous cryptocurrency previously known as RaiBlocks, is sometimes described as what Bitcoin should have been. At first glance, Nano is an impressive cryptocurrency. Each transaction has its block, and each account has its blockchain.
Because of this, all transactions with Nano are instant and attract no charges or fees whatsoever. Add this to the standard benefits offered by blockchains, like anonymity, security, decentralization, and transparency, and you have a beneficial cryptocurrency.
Even if Nano has been staying off the major exchanges, it has still experienced considerable growth. Regardless of the advantages of cryptocurrency, Nano is suffering from no widespread adoption, reducing the chances of the price increasing.
Compared to Nano, Ethereum is a great and dependable cryptocurrency choice for any investor. In this article, we will discuss some Ethereum price predictions and the steps to take to send coins from Nano to ETH.
Ethereum Price Predictions 2021
In terms of market capitalization, Ethereum is the second-largest cryptocurrency in the world and continues to attract a lot of attention. Although many other cryptocurrencies have emerged intending to do better than Ether, there hasn’t been a successful one yet.
It’s expected that Ethereum will continue to improve in 2021, and price predictions have backed up this fact. If two significant developments can occur, Ethereum will do even better than expected.
The first development is the new algorithm, a part of ETH 2.0 called proof of stake. The second is the rise of decentralized finance, or DeFi, an improvement on Dapps.
Below are some price predictions made by analysts:
- Ethereum value will rise to $655 by 2021 (Longforecast).
- The Ether price will rise to $1,000 (Investhaven).
- The price will peak at $908 (Digitalcoin).
Ethereum is one of the best cryptocurrencies to invest your money in. If you have Nano coins, it’s best to convert them to ETH.
How to Buy ETH with NANO
It’s pretty straightforward, whether you’re converting Nano to ETH or ETH to Nano. As long as you follow the steps below, you can easily purchase ETH with Nano and start benefiting from it.
Step 1: Acquire a Wallet
You can’t buy ETH without having a wallet to store it in once you buy it. Thus, the first thing to do is to figure out the wallet you want to use and acquire a wallet address. You can use a desktop application wallet, hardware wallet, mobile app wallet, or the wallet that comes with the cryptocurrency exchange.
Step 2: Buy ETH with Nano
To do this, use a credible and trusted cryptocurrency exchange platform like Godex. Godex offers anonymity, fixed rates, and unlimited volume for all crypto traders. Use the exchange to purchase the ETH with your Nano coins. The calculator will show you how much ETH you get for the Nano you have. Once you have bought it, wait a few minutes for it to reflect in your ETH wallet.
Step 3: Store Ethereum
Lastly, you can store the ETH in your encrypted wallet. It’s always smarter to store your ETH in different wallets rather than putting everything in one place, especially when you have a considerable amount.
Because of Nano’s discouraging nature, many investors are using it to buy other currencies like ETH and BTC. Even with this, ETH is still risky, like every other type of currency, especially since its price is volatile.
Thus, it all depends on you. Before making any investment, consider the amount you want to invest and do a little research. Also, work with a reliable exchange like Godex for the best exchange rates and benefits.