As long time holder of NXT coin, let me finalise info about NXT--> IGNIS fork, all my words from previous analyses and charts about NXT were fulfilled...
Market overview:
- market correction on Friday 22 December is gone, all analyses about market trend to end of year 2017 are bullish - ONLY NXT coin hold its position and was RISING during significant correction! It was the ONLY 1 COIN from first top 100 coins (by market cap), all others were 10-40% negative - NXT price in BTC rised for last month from 1500 sats to approx. 9700 sats and the biggest mooning is upcoming till 28 December when fork happens - NXT trading volume is increasing day by day as fork is aproaching, 15M approx. day volume in November, these days 300-400M volume! - one of the most traded coins on Bittrex
Final info about upcoming fork:
- for 1 NXT held on 28 Dec 0,5 IGNIS new coin free (childchain of Ardor platform) - some people are writing incorrectly that for is 25 December, its not true, fork will happen on 28 December at block height 1636363 - supported exchanges are Bittrex, AEX, HitBTC, Bitcoin Indonesia and Freewallet exchanges - Poloniex still didnt make any official statement regarding fork support, people are waiting for it - Ignis price is fluctuating between 2,2 - 3 USD in last week (per 1 coin) - Ignis coin will be credited to people on exchanges 1.1.2018 when Ardor blockchain goes live - Ignis is recomended to be held on NXT official wallet, but its not necessary, when U have NXT on exchange which is supporting this fork, IGNIS will be credited
Targets
- price for IGNIS is absolutely brilliant - from public resources its known when its goes live, market cap will ve very solid - all forks I have seen in the past were conceived that current coin has 80% of value and new coin 20% value approx, current prices, approx. 1,4 USD NXT and Ignis 2,8 USD (ration 0,5 on fork) - NXT price is STILL VERY LOW, ratio 50/50 value of both coins will change, NXT will rise till fork - price of IGNIS is crazy, means 50% instant profit - from this point, STILL HUGE UPCOMING POTENTIAL IS HERE FOR NXT - in USD standard price for this fork deal of NXT should be around 3-4 USD - NXT will be MOONING till 28 December when fork happens - bearish target vs BTC - 15k sats - mid-ranged target 20k sats - bullish target 25k sats +
So my final thought about NXT way to fork is here: