Market Cap
Welcome to this week’s Market Report. The last few days have been fairly unspectacular, which is nice after all the recent excitement. NXT declined 19.6% in price whereas Bitcoin decreased by 15.1% meaning that NXT’s loss was relatively small and can be explained as a normal market reaction to the rise we saw 2 weeks ago. Unfortunately NXT has lost its #5 position on coinmarketcap.com, first to Dogecoin and now to Peercoin. Both Dogecoin and Peercoin got extremely pumped at a huge volume after big announcements: Dogecoin proclaimed merged mining with Litecoin and Peercoin announced the launch of NuBits
As predicted in the last market report NXT’s daily trading volume has remained steady at USD 100’000. There are now 7 trading pairs on 6 different exchanges, each with a daily trading volume of at least USD 1’000 (Multigateway included, since coinmarketcap.com finally managed to include its volume). Amazingly NXT’s Multigateway is already the second biggest exchange for NXT with about 15% of the whole volume.
Status of the superNET ICO
Read also: superNET ICO ends
The ICO will end 1400 GMT on Tuesday and trading of the actual superNET asset will start 1400 GMT on Thursday. James‘ last update regarding the figures for the amounts raised was posted a couple of days ago, so I can’t give you the most up-to-date figure but the final total is expected to be about 5’000 BTC!
When trading starts on Thursday, a buy wall will be in place to accommodate those who have decided to disinvest; it will represent about 1% of the raised funds, the price being calculated on the basis of the net asset value of superNET’s crypto portfolio.
What’s going on in the Asset Exchange?
NXTventure: NXTventure (official thread makes private investments in promising corporations and adds value by integrating each investment into NxtServices. The month of September was an amazing one for NXTventure: The price increased by unbelievably 450% as well as NXTventure was able to announce three dividends – PrivateBet, ATOMIC and Freemarket. For 10 NXTventure you received 1 asset as dividend, which are all trading between 60 and 70 NXT each.
sharkfund0: These are the current holdings:
Coinomat 280’600 1’000’000 28.06% 9.39 9.38 2’632’028
Coinomat1 520’000 3’000’000 17.33% 8.9 7.5 3’900’000
InstantDEX 100’000 1’000’000 10.00% 53 48 4’800’000
jl777hodl 1’214’205 10’000’000 12.14% 3.2299997 3 3’642’615
NEMstake 19 1’000 1.90% 28’747 25’754 489’326
NXTprivacy 200’000 1’000’000 20.00% 43.999 43 8’600’000
NXTventure 10’000 1’000’000 1.00% 69.9 58.0001001 580’001.001
NXT 118’193.61414966 -> NXT total 24762162
11% BTCD $847K
8.5% BBR $48K
.45% XCP $25K
10% BTM $23K
The selected assets and crypto currencies are all long term holdings and extremely promising. You are basically investing in a hedge fund with a long term strategy and an active fund manager who is able to add value. At its launch each asset was valued at 10’000 NXT – they are now at 40’000 NXT.
I hope you enjoyed it and am already looking forward to next week’s report!
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This market report is for general information and news purposes only. It does not take into account the reader’s personal circumstances, objectives or attitude towards risk. It is not (and is not intended to be) any form of advice, recommendation, representation, or endorsement by the author or the web site owner and should not be relied upon when making (or refraining from making) any investment decision.