After long fall this coin has a chance..I`ve pointed most impotrant levels for buy/sell of POLONIEX:NXTBTC
You can try to catch the price!
NXTBTC
NXT, very LONG!We will see great movements "UP" on the NXT and STEEM chart in the next few weeks, be excited and don't miss the train again!
Here is my old Lisk chart, if you doubt on my authority and knowledge:
my last 4 charts was correct, just look at my profile.
What is NXT?:
www.youtube.com
Nxt uses brand new software. It’s not a fork of Bitcoin's code. (Nxt Source Code).
Nxt improves different features of Bitcoin, removes some disadvantages and
resolves a big environmental issue.
Nxt Decentralized Asset Exchange
Nxt Voting System
Nxt Phased Transactions
Nxt Nxt Marketplace (decentralized buying and selling goods)
Nxt Monetary System (Bitcointalk Topic)
Nxt Decentralized Alias System / DNS. Register names and assign them to URIs.
Nxt Alias Trading/transfer
Nxt Encrypted messages (and data) on the blockchain
Nxt doesn't have a loc. wallet , but a safer brainwallet.
nxtforum.org
best wishes your Altcoinanalytics!
NXT/BTC August with Ardor incoming !In this chart we have analyzed NXT on his super strong Up Trend since about 1.5 months ago, without doubt this is one of the most impressive comebacks in the crypto market after being in an all time low for a very long period.
Basically we will be expecting NXT to rise as the Ardor Release get closer and closer, as many of you already know Ardor every hour is getting more expensive in the amount of NXT to hold so you receive your Ardor, by now already 32% of all Ardor has been given away which leaves only 68% of the coins to be distributed, if we do math you will be needing to hold 1.32 NXT until Oct. 12th for you to receive 1 ARDR, and not only that you will be needing more NXT, you also will be needing to pay more for each NXT as time goes by.
As the price climbs up further and further expect higher levels of volatility as many people will start to get rid of they're NXT after a long wait for recovery on the price they paid about a year and a half ago. So we will be noticing higher levels of volatility plus a very strong resistance when price do major steps forward.
This is an easy swinging trade coin as the volatility is still controllable and daily moves are in average dancing around 200 pips up and down.
I hope all of you are in the accumulation of those ARDR tokens as they will be very valuable for main chain - child chain security of the network.
NXT, the end of a 2 year bear market? Technicals
There looks to be some potential in here, for as long as 1200 satoshi holds for a little more. It may be reaching the point where there may be more interested buyers than sellers.
Could this be the base NXT is waiting for in order to get out of the bear market? It would be another 3 weeks before we see what is going to happen here...
NXT IPO
One controversial with NXT is that it was fully pre-mined on day one. 21 bitcoins as the initial 'IPO' fund used to generate 1 billion of NXT. This may have adverse impact on the reputation of NXT as a whole while the majority of the crypto community are still not used to such an idea as 'mining' at that time was seen as the 'de-facto' way of making new coins.
Having all the money supply saturated within a few individuals at first also means a huge dilution of over time for as long as they are still not evenly distributed among the market participants.
NXT 2.0, what does it mean?
Child-chain (allowing people to create their own blockchain)
Scalability
nxt.org
nxtforum.org
news.bitcoin.com
I'd say, go for it. NXT have nothing to lose anyway and plenty to gain from this. However it still boils down to users, is NXT trying to solve a non-existence issue for itself at the moment? (its always good to see new things to the table anyway)
Marc De Mesel's capitulation
Buy high, and sell low? He's one of the biggest supporter and advocate for NXT since its inception...
For him to throw the tower and say, enough is enough is significant.
www.youtube.com
www.youtube.com
Case in point: Mike Hearn
Conclusion
While NXT may be ahead in the game before other cryptocurrencies like Ethereum in terms of smart contract it may not necessarily be the one that would gain the expected traction. It is the network effects that matters.
The cryptocurrency community is small during the early 2014~2015, and I guess the majority of buyers may be in fact speculators. It was not until recently that we have seen everyone suddenly talking about 'blockchain' and 'smart contracts' aside from monetary based cryptocurrency like Bitcoin. A 'catch 22' situation where if you do not attract speculators, naturally there would not be any users in the first place, and the IPO pre-mine may have adversely affected NXT odds of survival for the past 2 years.
I'm looking at NXT in the perspective of a trader, and in terms of risk reward I think this is a pretty good area to buy and accumulate on the assumption that 1200 satoshi holds.
While the animal spirits of Ethereum/Lisk/DAO are alive today, what do you think is going to be the next?
We've just seen this too many times in history, such as litecoin, PPC, ripple, BTCD, Dash... who talks about it now?
NXTBTC: Perfect base for a rallyNXT has formed a nice accumulation base and is ready for take off.
For a very long time, this pair has been grinding down, but recently price stopped falling and we can observe that some careful buying and supporting of a price range is taking place, via controlled buying and selling by either insiders, market makers or a wealthy player currently manipulating the prices to lure in buyers.
We need to get confirmation to go long (unless you're already in), but buying if we fall to support below isn't a bad idea (or if we rally sharply from this zone).
The downside risk is a fall under 0.00001443, but the upside potential is well over 100%.
I will update the publication often.
Good luck,
Ivan Labrie.