Nxt is an open source blockchain platform that builds on the functionality of the first wave of pioneering cryptocurrencies, and includes features such as a Decentralized Asset Exchange, Marketplace, and Voting system in additional to the NXT digital currency itself.
The cryptocurrency of Nxt platform demonstrated a notable price increase lately after remaining stale for quite a long time, rising by 100% from the price of $0,06 on November 14 with the market capitalisation of $63 million to the price of $0,13 with the market capitalisation of $133 million on November 21.
It is clearly seen on the graph that NXT was performing exceptionally well against Bitcoin and became one of the top gainers as for November 21.
Such a significant rise of the currency might be attributed to a successful IGNIS ICO held by Jelurida, a developer of Nxt and Ardor blockchain platforms. Ignis is the first child chain of Ardor which will use IGNIS tokens for its operation.
On November 20 it was announced that IGNIS Token Sale was over with the amount of over than $15 million collected and that the remaining 500 million IGNIS tokens will be given away as a free airdrop to all owners of NXT cryptocurrency during the time of 25-28th December 2017.
$IGNIS #airdrop is coming soon! 500 M IGNIS - the native tokens of the first #Ardor #childchain, will be distributed automatically to the $NXT holders around Dec 25-28, at 1 NXT=0.5 IGNIS ratio. #Ardor mainnet will launch Jan 1! https://t.co/KlMzglzR5s #blockchain #crypto $ARDR
— Jelurida (@Jelurida) 20 November 2017
The abovementioned announcement and the rise of the currency received a positive responce from the community members and holders of NTX coin, who hope that it will now be developing in the upwards direction.
Twitter users response to the announcement of Jelurida towards tokens airdrop
Moreover, the rise of NXT coin might also be linked to the release of Nxt version 1.11.10 with mobile app bugfixes, node.js module improvements and other minor bugfixes announced on November 19.
— Nxt (@NxtCommunity) 19 November 2017
At the moment of press, these are main market parameters of NXT:
- Average price: $0.12
- Marketcap: $124,819,049
- 24h volume: $27,933,000