NXT Market Report: 8 September 2014

Market Cap

Welcome to this week’s market report. First of all I would like to apologize for the missing report (1 September), there were just too many things going on. I hope that this won’t ever happen again! But now back to the actual topic: The last two weeks have been amazingly interesting for NXT, which is reflected in its price. NXT has gained 28.1% in value since the last market report at an average daily trading volume of about USD 70’000. The reason for this increase is definitely the launch of superNET by jl777. 

NXT is increasingly in the ascendancy, with trading now taking place on several different exchanges – at the time of writing there are six different exchanges with a daily NXT trading volume over USD 1’000!

coinmarketcap 07092014Source: coinmarketcap.com

The launch of SuperNET

There is already an existing article about the SuperNET, so there’s no need for me to explain it again here. I just want to make you aware of this huge investment opportunity, which in my opinion you shouldn’t miss. Imagine the effect on NXT of every other crypto currency in the SuperNET being able to use its features. Think about the consequences of a fast expanding user base. Consider the fact that the altcoins which are included in the SuperNET will be able to compete effectively with Bitcoin and fiat.

What’s going on in the Asset Exchange?

Fuzon: whale, the founder of Fuzon, has decided to close his fund and instead concentrate his attention on working with  jl777 on SuperNET. At the time of writing you have 2 options. The first is to sell your assets at a fixed price – whale has set up a buy order at 70 NXT, expiring 7pm Monday, 8 September 2014 Coordinated Universal Time (UTC) . The other option, which I personally prefer, is that whale sends you the assets of the fund according to the amount of shares you hold. Have a look at the Fuzon thread for further information.

Coinomat1: Coinomat1 represents coinomat.com. With coinomat you are able to transfer NXT directly to your credit card as well as convert crypto currencies into other crypto currencies. The Coinomat IPO, which finished recently, raised 7m NXT. The offer price was 2 NXT per share. The assets currently have a value of about 4.5 NXT each! Coinomat stands out due to its support of NXT as well as the weekly dividend payments it makes. Have a look at this site for information about coinomat’s revenues.

That’s it for another week. I’m already looking forward to writing the next Market Report!

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.

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