Have NXT lost its value after the snapshot of 28th Dec ??

[john_bob]

NXT is going down to its previous long term price. Was it pumped due to the snapshot for Ignis and now people are selling it off.

What do you guys think ?

[Shova]

NXT is going down to its previous long term price. Was it pumped due to the snapshot for Ignis and now people are selling it off.

What do you guys think ?

Yes, this is the trend for every major forks of coin. But what I've realized from these pumps are, the stable price of the original coin to gets a boost (though a fork should have theoretically decrease the value)

[exadex.org]

I don't think so.

NXT Development

Develop Nxt as a simple and secure crowd funding solution for new ICOs

Position the Nxt Blockchain Creator Kit as a viable solution for new blockchain projects

Add permission layer and peer communication encryption for private blockchain solutions

Starting from version 1.11.6, the Nxt Reference Software (NRS) is the first software to be released under the Jelurida Public License, with the Special Conditions requiring a 10% airdrop to the NXT holders from Nxt clones.

[Herbert2020]

exactly. hypes like the Ignis are always effective in starting a pump in altcoins specially when that particular altcoin has not been getting that much pumps in a very long time. and since in case of NXT this was true, that led to a big pump which lasted a while and helped the price go super high.

right now it is the correction after the pump or you can call it dump if you like. i don't think it will go back down to the initial price where it started at though.

[Dluretic]

This is only because the early increase of NXT is too large, so the sharp reduction after the snapshot, and the work of the team is not on the NXT, so the price reduction of NXT is normal.