General trend for NXT over the last 2 years is a growth rate of about 20%. Both large spikes seem to be in a time of general crypto market growth. We seem to be in the middle of one of these spikes right now, where if the trend holds, NXT will trade at 0.0008000 near the top of this wave.
I'd like to have a little more information about what influenced the two previous price increases/drops to better understand what drives valuation on this coin. But NXT appears to be a well established coin with a fully developed product, so its price should start to fall into a more predictable pattern that is less influenced by "hype". Hence the two price spikes taking multiple weeks to develop.
If anyone has additional insight on what influenced those two spikes, it would be very much appreciated.
I'd like to have a little more information about what influenced the two previous price increases/drops to better understand what drives valuation on this coin. But NXT appears to be a well established coin with a fully developed product, so its price should start to fall into a more predictable pattern that is less influenced by "hype". Hence the two price spikes taking multiple weeks to develop.
If anyone has additional insight on what influenced those two spikes, it would be very much appreciated.