Chart correlation: XNO/USD vs. BTC_FEEUSD (Bitcoin total fees in USD); What is next for nano?

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 speculative demand for nano is correlated with bitcoin fees. Suggesting users migrate to XNO's efficiency under high-fee environments.

TradingView – XNOUSD vs. BTC_FEEUSD [1W]

Will that continue to happen in the future?
Nobody knows.

Can other factors have influenced this observed correlation?
Probably, yes.

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.

Source: TradingView – XNOUSD vs. BTC_FEEUSD [1W]