last weeks NXT was on the rise, now its steadily declining even b4 the snapshot?

[SchlaWinner]

How does this make sense?

It went from 3600 to ~13-14k sats and then declined to around 7-8k now that the snapshot for IGNIS is about to hit - I really expected a 50% decline after the snapshot, but before?

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[hoolio]

It was pumped and a lot of people took the profit I think. By the way the IGNIS IOU tokens were trading at $4 which is a little bit high for a non-existent currency. Ah, and they also had this big ad about the airdrop on cmc.com 

[Crytocoin]

Why is the price so low. I made an Airdrop snapshot.

[hypcoin]

It's usual after an airdrop. After the ARDR snapshot happened the same. Just hodl.

[marks1976]

How does this make sense?

It went from 3600 to ~13-14k sats and then declined to around 7-8k now that the snapshot for IGNIS is about to hit - I really expected a 50% decline after the snapshot, but before?

https://coinmarketcap.com/currencies/nxt/#markets
That makes sense because a lot of people are interested to buy neo without any fundamental aspect to be a support. If there will be no support and the price of nxt plunged a lot and then it will be the same as the pump of the nxt itself. people only interested to get free ignis and no use nxt as the main payment.

[likeBTC]

NXT is useless, when are the whole community going to understand this? This coin is pure garbage, they are not offering anything, all their features are just repeated features that we can see in common altcoins like Neo, Eth, litecoin..