so does that mean price can only go down until jan. 1st ?
No, not necessarily. Prices might go up or down but it's all speculation and based on trusting that the exchange will come through with the promise of delivering on the traded futures.
That is also my question I check in coinmarket cap and it is written there that Ignis is available in Hitbtc for ETH token only but if you search ignis in HITBTC you can find ignis listed there if that is the future contract price then why people bought 1 ignis for almost 28$ per coin considering it is an airdrop coin and has 1Billion supply. once January come and Ignis is available in trading expect it may go down less than 1$ but I hope it will not happen cause I bought NXT for 12400 Sats
and Ignis will be the hope to compensate my loss
i wonder how to corelate price of ignis future with incoming market of ignis
if ignis future price is high, but people dump their ignis coin as it enter exchange, will future ignis price will affect too??
will this future work as pending buy order or pending sell order in exchange?
according to
https://coinmarketcap.com/currencies/ignis/ now ignis future price is $8.92 USD
so when you said that price will go below $1 it's possible if no one hold it at certain price