Analysts covering Nxt (NXT) look at the -2.10% drop on June 13-14

June 14, 2018 - By Marguerite Chambers

It was bad day for Nxt (NXT), as it declined by $-0.00249999999999999 or -2.10%, touching $0.1165. Global Cryptocoin Experts believe that Nxt (NXT) is looking for the $0.12815 goal. According to 7 analysts could reach $0.23707497958563. The highest price was $0.119 and lowest of $0.1033 for June 13-14. The open was $0.119. It last traded at Poloniex exchange. Aproximately 3.66 million NXT worth $404,443 was traded.

For a month, Nxt (NXT) tokens went down -31.83% from $0.1709 for coin. For 100 days NXT is down -35.56% from $0.1808. It traded at $0.164 200 days ago. Nxt (NXT) has 999.00M coins mined with the market cap $116.38 million. It has 1000.00 million coins in circulation. It was founded on 24/11/2013. The Crypto NXT has PoS/LPoS proof type and operates under PoS algorithm.

Nxt is considered a 2nd generation crypto currency. With all the alt coins that alter parametes such as hashing mechanism, time between blocks, starting difficulty, and so on, Nxt brings much much more to the table and was designed this way for a number of reasons. It’s proof of stake model makes it less susceptible to 51% attacks whilst it is designed to support large transaction volumes, something which the traditional Bitcoin and its clones have as a potential flaw. Nxt allows the creation and exchange of custom tokens, coloured coins and assets on the Blockchain.

In 2016, the NXT team announced the launch of Ardor, the Nxt 2.0. The platform will allow users the same features as Nxt and additional tools like sidechain support for asset issuance and more. The destribution of the ARDR token was done through a snapshot process, which is the reason for the price spike during late 2016.

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