Has NXTs price peaked?

[ttookk]

Hello,

So, up until now, people were accumulating NXT to get Ardor. But since the amount of Ardor is based on how much and how long you hold NXT, there is a point in time, where the price of NXT, or at least the upward pressure created by Ardor will be cancelled out by the fact, that there is not as much Ardor to gain by holding NXT anymore.
Thus, at some point before Ardors release, buy support for NXT will decrease considerably, as long as no other news unrelated to Ardo drive up the price.

My question is: are we there?

And, if we are: What does that say about the perceived potential price of Ardor?

[drnash85]

Well Nxt price has not peaked due to another coin after ardor is suppose to come out sometime in 2017 called FNT, but to get fnt you have to have NXT held in your wallet exactly like getting ardor, so its worth the hold. Im pretty sure more coins on different Child chains are going for the NXT hold strategy.

[bedskills]

I think the price has peaked due to ador, and after the snapshot period, nxt will be dumped hard, maybe go back to 1k sat. And people start to pump ador instead.

[drnash85]

But you need NXT for their 2nd coin called FNT that will be released the same way as ardor.

[ttookk]

But you need NXT for their 2nd coin called FNT that will be released the same way as ardor.

True… But that's not in the publics mind at the moment, is it? I for one completely forgot about FNT until it was mentioned. Have to look it up now…

[bbc.reporter]

Judging from the way it looks right now, I speculate that it has peaked for the time being. This could mean one of two things. That it is a good time to wait and look for a fair price to buy or it might be that we should avoid NXT. Why would someone dump right now when they know that the snap shotting is ongoing right now? Somebody knows something is going on with NXT internally with their community.

[drnash85]

I doubt it

[Fragbait]

But you need NXT for their 2nd coin called FNT that will be released the same way as ardor.

Wouldn't it be nice to get some NXT (and therefore Ardor child chain tokens) at 1000 sat again?

[bbc.reporter]

@Fragbait. That would be the ideal time to buy NXT for the Ardor snap shotting. No one in their right mind would be tricked to buy at these high prices just to receive Ardor which is not even proven to gain real adoption. So why take a risk at these high prices?

[NorrisK]

Buy pressure will be lower by now since you have missed out on about a third to a half of the ardor tokens already.

On the other hand, people that bought NXT to gain ardor are also not inclined to sell their nxt of before the ardor token snapshots have finished. Therefore I excpect the price to remain relatively stable.

Some people may have missed the part about snapshotting and may be buying in the last weeks thinking they are going to get the full ardor tokens, which may cause another peak near the end.

Ultimately, I see a dump coming on the final day of snapshotting, when those who were only interested in the ardor tokens sell their nxt off again.

[sandiman]

https://twitter.com/SandimanDD/status/768028010310172673

called it, rising wedge are accurate chart patterns. They show a weakening of momentum in the movement, and with no fuel, nxt has to go to the station to put some gasoline.

[ethereumhunter]

i think nxt have a chance to gets up with their ardor but the reality for now, the rate of nxt is going down. i don't know what next will be happen with nxt. i only waiting for a good news from nxt and from ardor. and i hope i can make a good profit with nxt.

[ttookk]

@Fragbait. That would be the ideal time to buy NXT for the Ardor snap shotting. No one in their right mind would be tricked to buy at these high prices just to receive Ardor which is not even proven to gain real adoption. So why take a risk at these high prices?

You mean "real adoption" like what other crypto 3.0 currency exactly? Of course all we do is betting on the price of a token that hasn't even been released yet. It's basically an ICO by proxy. And that's pretty much the point, since the later you buy NXT, the less Ardor you get, the price of NXT is determined by the anticipated worth of Ardor.

(…)

On the other hand, people that bought NXT to gain ardor are also not inclined to sell their nxt of before the ardor token snapshots have finished. Therefore I excpect the price to remain relatively stable.

(…)

True, but I never expected those two factors to cancel each other out. There is no point in buying NXT at pretty much any price the day before snapshotting ends, if you only want Ardor, so if that's the determining factor, NXTs price will go down, down, down.

This is deceiving, and it might drive out some weak hands who panic. Maybe even so much, that it's worthwhile to pick some up

[bbc.reporter]

I speculate that Ardor will not fly. It will also be like NXT where there is an initial interest and then after that the interest will wane and the coin will go nowhere in price. Maybe the grassroots model will not work with what they are trying to achieve. The market they are trying to reach is for companies and start ups to use their platform. The problem is maybe those companies they are after think that the NXT platform is not good enough for what those companies require?

The better road for the grassroots model is to go after the darknet market. It has been proven successful with bitcoin and now recently XMR is trying to penetrate the darknet. Maybe NXT/Ardor should too.

[ttookk]

I speculate that Ardor will not fly. It will also be like NXT where there is an initial interest and then after that the interest will wane and the coin will go nowhere in price. Maybe the grassroots model will not work with what they are trying to achieve. The market they are trying to reach is for companies and start ups to use their platform. The problem is maybe those companies they are after think that the NXT platform is not good enough for what those companies require?

The better road for the grassroots model is to go after the darknet market. It has been proven successful with bitcoin and now recently XMR is trying to penetrate the darknet. Maybe NXT/Ardor should too.

XMR and Ardor aren't even remotely comparable. One is a value transfer system, the other is a Blockchain-as-a-service solution.

[d-trix]

The NXT price might already reached its peaked after the Ardor hype finally dying down.

[Gahs]

Well Nxt price has not peaked due to another coin after ardor is suppose to come out sometime in 2017 called FNT, but to get fnt you have to have NXT held in your wallet exactly like getting ardor, so its worth the hold. Im pretty sure more coins on different Child chains are going for the NXT hold strategy.

Seems the developers plan on releasing coin after coin just to keep people holding on to their NXT coins and pushing up the price of the coin. I'll call that competitive innovation.

[bbc.reporter]

I speculate that Ardor will not fly. It will also be like NXT where there is an initial interest and then after that the interest will wane and the coin will go nowhere in price. Maybe the grassroots model will not work with what they are trying to achieve. The market they are trying to reach is for companies and start ups to use their platform. The problem is maybe those companies they are after think that the NXT platform is not good enough for what those companies require?

The better road for the grassroots model is to go after the darknet market. It has been proven successful with bitcoin and now recently XMR is trying to penetrate the darknet. Maybe NXT/Ardor should too.

XMR and Ardor aren't even remotely comparable. One is a value transfer system, the other is a Blockchain-as-a-service solution.

So what real world use case does NXT and Ardor have that will make the people actually use it? We have seen this from the platforms of before. They create and build something but then what?

[Febo]

I speculate that Ardor will not fly. It will also be like NXT where there is an initial interest and then after that the interest will wane and the coin will go nowhere in price. Maybe the grassroots model will not work with what they are trying to achieve. The market they are trying to reach is for companies and start ups to use their platform. The problem is maybe those companies they are after think that the NXT platform is not good enough for what those companies require?

The better road for the grassroots model is to go after the darknet market. It has been proven successful with bitcoin and now recently XMR is trying to penetrate the darknet. Maybe NXT/Ardor should too.

XMR and Ardor aren't even remotely comparable. One is a value transfer system, the other is a Blockchain-as-a-service solution.

So what real world use case does NXT and Ardor have that will make the people actually use it? We have seen this from the platforms of before. They create and build something but then what?

NXT is an asset platform same as
Counterparty, Ethereum, BitShares, Omni, NuBits. Their point is that services are build on them with issuing asset. You can see them here.

http://coinmarketcap.com/assets/

Most valuable asset is MaidSafeCoin build on top of Omni platform
NXT most valuable asset is NautilusCoin.

[bbc.reporter]

Yes but what is the real world use case of NXT and who are using it now? Sometimes it is very frustrating for some supporters because they are given hope that one day it will be adopted by big businesses and the platfrom will have billions and billions in marketcap. Now that the dream was not achieved what now? How will Ardor change everything when the people behind NXT cannot even make people use their platform? Well there are users and I saw the asset exchange. Most of the assets are junk, if not all of them. There is no volume in them and the ones saying that you buy are only the holders. I am sorry but nothing is happening with NXT.