NXT

NXT Market Report: $NXT Crashes Hard

Brief:


NXT has crashed hard losing almost all of its 2017 Christmas bubble. NXT is down -48.57% in 24 hours, down -40.53% on the week and up 128.04% on the month on a last price of 0.00004627 BTC or about $00.65. The NXT marketcap is $649,349,962 with a circulating supply of 998,999,942 $NXT. $NXT/BTC is trading between a 24hr high of 0.00009290 BTC ($1.26) and a 24hr low of 0.00002997 BTC ($00.41) on a 24hr Bittrex volume of 26,556 BTC. In multi-day heavy volume trading the weekly trend is mixed.

Last price

0.00004627 $NXT/BTC

$USD

last price $ 00.65
one week ago $ 1.07
percentage -39.25%

Volume

Volume

$NXT 24 hour volume
BTC 26,556 BTC
all $NXT currencies 37,367 BTC

The 24 hour volume for $NXT/BTC on Bittrex is 26,556 BTC. This volume weight is heavy when compared with Bittrex daily trading levels for $NXT over the last month.

The total 24 hour volume for all reporting $NXT markets is 37,367 BTC.

Market Share

The Bittrex currency pair $NXT/BTC is 71.07% of all $NXT traded in twenty-four hours. After Bittrex, Poloniex has about 18% daily market share, then Bitcoin Indonesia, HitBTC and AEX.

Remarks

NXT has crashed hard losing almost all of its 2017 Christmas bubble. NXT is down -48.57% in 24 hours, down -40.53% on the week and up 128.04% on the month on a last price of 0.00004627 BTC or about $00.65. The NXT marketcap is $649,349,962 with a circulating supply of 998,999,942 $NXT. $NXT/BTC is trading between a 24hr high of 0.00009290 BTC ($1.26) and a 24hr low of 0.00002997 BTC ($00.41) on a 24hr Bittrex volume of 26,556 BTC. In multi-day heavy volume trading the weekly trend is mixed.

Yesterday NXT held a rank of 30th in total marketcap. Today $NXT has slipped to fortieth overall.

Poloniex $NXT Chart: One Day Candles

CoinMarketCap is reporting a one day crash of -51.03%. This is a sizable slide. Those who think bitcoin and other crypto is safe from this type of correction are mistaken. Institutional investors drove much of the 2017 Christmas bubble however they are in it for the long term. For shorter term traders the bubble is a huge liability.

The good news is that last year we were looking at a $900 bitcoin while most traders were speculating if bitcoin would exceed the price of an ounce of gold. Today gold is $1,289.70 an ounce. Bitcoin on Bitfinex is currently $13,590, or more than ten times the price of gold. Financial analysts knowledgeable about bitcoin predict another two or three years of growth.

Gloom & Doom Prophets Cry Loudly
For the gloom and doom prophets of Wall Street and large unaccountable government bodies, these sources are likely to always cast dispersion on markets they do not control. Therefore, not much credence may be reasonably attributed to government or traditional financial market “experts” who – in several well documented cases – have ably demonstrated they know next to nothing about the cryptocurrency market.

“In September of 2017 the pompously mistaken US banker Jamie Dimon said “the digital currency [bitcoin] was only fit for use by drug dealers, murderers and people living in places such as North Korea.” He will need to add New York City and American institutional investors to that list.” http://allcoinsnews.com/2017/12/15/bitcoin-market-report-institutional-investors-push-btc-higher/#remarks

One Year Chart

Courtesy CoinMarketCap.com

One Day Candles

Browse NXT Collection

Learn about the unique characteristics of $NXT. Browse our collection of NXT Market Reports.

Thursday December 28 2017 Bitcoin Background

Altcoins such as NXT may show a relationship with bitcoin (BTC) which changes with the alt, bitcoin and market conditions:

24 Hours of Bitcoin
24 Hours of #Bitcoin
-8.04% price $14,182.50
vol $12,176,200,000
mktcap $237,814,457,565
16.77M #XBT 19:35 #FinTech
http://kittybitcoin.com/bitcoin/24_hours_of_bitcoin.php

XBTLivePriceTM

Yesterday

Altcoin Market Reports
We publish topical Market Reports on many altcoins. Browse our extensive collection of Altcoin Market Reports.

Price change

Price change is the $NXT percentage change within the period:

period change
day -48.57%
week -40.53%
month 128.04%

Highlight Chart

Tap / click to enlarge:

NXT has crashed hard losing almost all of its 2017 Christmas bubble. NXT is down -48.57% in 24 hours, down -40.53% on the week and up 128.04% on the month on a last price of 0.00004627 BTC or about $00.65.
NXT has crashed hard losing almost all of its 2017 Christmas bubble. NXT is down -48.57% in 24 hours, down -40.53% on the week and up 128.04% on the month on a last price of 0.00004627 BTC or about $00.65.

Data source

Bittrex is the main data source for this report. Other sources are credited where used.

Market capitalization

Market capitalization is the total $US dollar value of the NXT market calculated using the formula:

market cap = ( circulating supply x last price )
Market cap $ 649,349,962
Circulating supply 998,999,942
Last price $ 00.65
Circulating supply data courtesy of CoinMarketCap.com.

Yesterday NXT held a rank of 30th in total marketcap. Today $NXT has slipped to fortieth overall.

Daily High Low

daily high 0.00009290
daily low 0.00002997

Trend

The weekly trend is considered ‘mixed’ however the last three days – and probably the large plummet today – have all been daily red candles. This is suggestive of the start of a weekly downtrend.

trend is MIXED

Resistance

Resistance is the highest price within the period:

period resistance
day 0.00009290
week 0.00014600

Support

Support is the lowest price within the period:

period support
day 0.00002997
week 0.00002997

Market sentiment

Market sentiment is bearish. If the price is driven substantially down after several days of heavy trading that is a sign of lack of investor confidence in the price. Look for the bearish sentiment to continue. However this is not saying there are no bargains to be found in the lower $NXT price.

sentiment bearish

Image courtesy Pixabay.com

Summary

NXT has crashed hard losing almost all of its 2017 Christmas bubble. NXT is down -48.57% in 24 hours, down -40.53% on the week and up 128.04% on the month on a last price of 0.00004627 BTC or about $00.65. The NXT marketcap is $649,349,962 with a circulating supply of 998,999,942 $NXT. $NXT/BTC saw weekly resistance at 0.00014600 BTC ($1.99) and weekly support at 0.00002997 BTC ($00.41). Market sentiment is bearish. The weekly trend is mixed in three days of heavy volume trading.

Analytic Strategy: Objective Analysis

Objective analysis begins free of subjectivity. Interpretation of technical analysis geometric patterns, for example perceived shapes on a trading chart, is inherently subjective. This report is free of technical subjectivity to the maximum extent reasonably possible.

Disclaimer

Past history is NOT an indicator of future results. Read the legal disclaimer:

http://kittybitcoin.com/docs/disclaimer.php

Printed

This report was printed on Thursday December 28 2017 19:21 hours UTC. Contact KittyBitcoin to request custom reports. Share your thoughts with @KittyBitcoin on Twitter.

Thanks for reading! 🙂

Tags

NXT, $NXT, BTC, Bittrex, Market, Report, $NXT/BTC, altcoins

KittyBitcoin supplies blockchain intelligence on http://kittybitcoin.com, on industry leading websites, and through white label channels since 2014. Follow @KittyBitcoin on Twitter®.
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