This is a question that many holders of BANANO probably asked to themselves. To try to give an answer, however, it’s better to understand what BANANO is all about:
BANANO is a feeless and near-instant meme cryptocurrency, born as a fork of NANO on the 1st of April 2018. Its community is extremely active, and it is currently undergoing a process of free and fair distribution, based mainly on one’s activity in the community. It’s accepted on various exchanges and websites, and more people are progressively starting to use it.
Now, to analyze its possible price movements relatively to the rest of the crypto market, it’s fundamental to analyze price’s two components: supply and demand.
Demand:
BANANO’s demand is definitely in good shape. Its adoption is increasing, and the current process of distribution is probably going to attract even more people. Moreover, some websites and games (such as banscam.me or nanogames.io) use BANANOS, which could drive even more people towards adoption.
Supply:
Even though BANANO’s ongoing distribution must exercise some downward pressure on its price, it looks like that its impact isn’t strong at all. This could probably be explained by the loyalty of the jungle monkeys (the members of the community), who may refrain from selling to hold onto their precious potassium. BANANO’s team, moreover, has already burned some coins of the dev fund, thus limiting the possible inflation.
Ok, the price might go up. But… it’s BANANO meant to be a good investment at all?
The answer is simple: no, it isn’t.
That’s because BANANO isn’t about the money or the earnings, but about the community!
The real value of BANANO is indeed represented by the friends that you can make by being part of its community and by the fun that you can have participating in the karaokes, in the quizzes and in all the events that the awesome staff organizes!
BANANO’s community is great, international and very inclusive. Everybody’s welcome and everybody can have fun. Come with us and you really won’t regret it!
Ali Baba
