Increase navigation width to contain long nav item or reduce font size?

I have a side navigation that is in use in all of the web app.

Now we have to create a new section that is, unfortunately, longer than all the previous side nav items. Please note that the nav item cannot be shortened.

How would you advise I go about this:

  • Increase overall nav width (universally)?
  • Reduce the font-size of the affected element?
  • Increase the nav height so the text can spill into a second line?

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Namecheap currently uses option 2: enter image description here

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