Nxt (NXT) targets $0.17226 while having -6.56% decline on May 17-18

May 18, 2018 - By Matt Maslow

It was bad day for Nxt (NXT), as it declined by $-0.011 or -6.56%, touching $0.1566. Crypto Experts believe that Nxt (NXT) is looking for the $0.17226 goal. According to 8 analysts could reach $0.286590424763407. The highest price was $0.169 and lowest of $0.1533 for May 17-18. The open was $0.1676. It last traded at Poloniex exchange. Aproximately 2.96M NXT worth $482,874 was traded.

For a month, Nxt (NXT) tokens went down -22.51% from $0.2021 for coin. For 100 days NXT is down -2.85% from $0.1612. It traded at $0.05874 200 days ago. Nxt (NXT) has 999.00 million coins mined with the market cap $156.44M. 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.