Even in that scenario, NXT will still be competing against similar "second generation" coins like Qora and NEM as well as services layered on top of Bitcoin so market cap would still be an important measure of success.

well actually in theory if it could have been kept completely on the "native exchange" in theory it could go to "infinity" market cap.

I'd much rather be in NXT than LTC that's for sure. Look at all the amazing features NXT has over BTC. What does LTC have over BTC? A different graphic on the QT wallet and a little bit quicker transaction times.

The only reason LTC got as high as it did is because it was one of the first alts. Once the alt market became saturated, there were just too many better choices than LTC for people to invest in.

I am not sure how the stolen NXT coins from Bter will affect the overall cryptocurrency market but this is something to really consider when evaluating NXT:

http://www.coinssource.com/bter-exchange-heist-hacker-walks-away-with-1-8-million-stolen-nxt/


It is very disappointing that we have all these careless administrators looking after large sums of money. In parts it is truly embarrassing. These are the key issues they will hold against the community and force control and authority.

Hopefully NXT's multigateway will provide a decenteralized solution for this.