Review on Nxt by Mehdi hazni
NXT Project
The NXT project is one of the most important Altcoin projects. Most post-Bitcoin currencies use bitcoin blockchain code in some way, but NXT does not, and the coding is completely proprietary.
Another interesting thing about NXT is that its creator, like the creator of Bitcoin, is an unknown person, with only a pseudonym. Of course, I do not think there is a need for this because NXT is not at all similar to Bitcoin in terms of popularity. NXT currently ranks 529 on Coinmarketcap.
The algorithm used in the NXT project blockchain is the PoS algorithm, ie Proof of Stake, which are many projects that use this algorithm, and of course it is hybrid (PoS - LPoS).
NXT has been in the cryptocurrency market for many years (since 2013) and this is the most important positive feature of this project because it has gained a lot of credibility due to many years of activity.
The price of each NXT has not dropped significantly since entering the crypto market and is almost equal to the initial prices of this market, and this is great.
In the chart of NXT currency price changes, its price in USD has not fluctuated much, but in the BTC pair it has had a lot of movement so far.
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Updated 3 years ago
Rating has not been changed
In the main review of this project, I examined its capabilities, and in this update, I intend to analyze the price of NXT currency.
In this price analysis, I checked the NXT-BTC pair in daily timeframe.
The currency has been on a downward trend since June 8 this year, and has been involved ever since. The start of the increase in the price of this currency is related to January of this year, which started from 28 Satoshi of this price increase. Now, several months later, the currency has hit 28 Satoshi again. In fact, the price can enter the main support point in the BTC pair.
The price behavior of this currency is very important in this range because if the support is not provided in this range, the price decrease in this pair may continue even up to the 10 Satoshi range. There is currently some relative support in the current range.
"This is my personal analysis of the NXT currency chart in the BTC pair and you should definitely trade with your opinion and research."
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Pros
- No sharp drop in price from the moment of entering the crypto market
- High history since 2013
- Dedicated codes and secure blockchain
- A coin and a dedicated network
Cons
- Low popularity compared to many years of activity
- Total market cap value is low (ranked 529 in CMC)
