Nxt (NXT) Hits Market Cap of $11.75 Million

Nxt (CURRENCY:NXT) traded 3.3% higher against the dollar during the one day period ending at 22:00 PM Eastern on January 14th. One Nxt coin can currently be bought for about $0.0118 or 0.00000027 BTC on popular exchanges. In the last seven days, Nxt has traded up 6.2% against the dollar. Nxt has a total market capitalization of $11.75 million and approximately $194,115.00 worth of Nxt was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed in the last day:

  • Waves (WAVES) traded up 0.7% against the dollar and now trades at $14.17 or 0.00032916 BTC.
  • Qtum (QTUM) traded up 2.6% against the dollar and now trades at $7.88 or 0.00018312 BTC.
  • WhiteCoin (XWC) traded 0.5% higher against the dollar and now trades at $0.57 or 0.00001322 BTC.
  • Lisk (LSK) traded 0.3% higher against the dollar and now trades at $2.09 or 0.00004859 BTC.
  • BitBay (BAY) traded flat against the dollar and now trades at $0.18 or 0.00001849 BTC.
  • Sentinel Protocol (UPP) traded 2.5% higher against the dollar and now trades at $0.14 or 0.00000319 BTC.
  • Neblio (NEBL) traded 0.2% higher against the dollar and now trades at $0.89 or 0.00002059 BTC.
  • Radium (RADS) traded flat against the dollar and now trades at $2.07 or 0.00008889 BTC.
  • Blocknet (BLOCK) traded up 1.1% against the dollar and now trades at $0.79 or 0.00001843 BTC.
  • DubaiCoin (DBIX) traded flat against the dollar and now trades at $1.20 or 0.00003094 BTC.

Nxt Profile

Nxt (NXT) is a PoS/LPoS coin that uses the Proof of Stake hashing algorithm. It launched on November 24th, 2013. Nxt’s total supply is 998,999,942 coins. Nxt’s official website is www.jelurida.com/nxt. Nxt’s official message board is nxtforum.org. Nxt’s official Twitter account is @NxtCommunity and its Facebook page is accessible here. The Reddit community for Nxt is /r/nxt and the currency’s Github account can be viewed here.

According to CryptoCompare, ”  Nxt is an open-source blockchain platform and the first to rely entirely on a proof-of-stake consensus protocol. Launched in November 2013 and written from scratch in Java, Nxt is proof that blockchain technology is not only about simple transfer of value but also has the potential to revolutionize many aspects of our lives with the various decentralized applications that can be built with it. Today, Nxt remains one of the most tested and reliable platforms in the industry, influencing numerous other projects. With its many easy to use modular built-in features, Nxt covers most of the dApp use cases and at the same time is perfectly suitable for private blockchain implementations. Where did NXT come from? Nxt is an iconic project in the history of blockchain development. Launched as early as November 2013 it represents the first pure proof of stake blockchain ever deployed. Started by an anonymous developer who disappeared shortly thereafter, with a crowdsale that raised only a symbolic amount, the Nxt project formed a wonderful community around it, and gave birth to many successful follow-up projects, including own Ardor platform. What are the advantages of NXT? NXT has simple but flexible architecture makes blockchain adoption easy, andcan be extended to fit any public or private use case.Nxt was the first blockchain to launch a user-friendly and yet fully decentralizedasset exchange. Anyone can issue and trade tokens on top of Nxt, and orders arematched and executed directly on the blockchain itself.The Nxt blockchain has been live in production for more than 6 years withvirtually no downtime, no major bugs, and no successful exploits. Millions of Nxttransactions have been conducted reliably, establishing its reputation as one ofthe most secure platforms in the blockchain industry.”

Buying and Selling Nxt

It is usually not possible to buy alternative cryptocurrencies such as Nxt directly using US dollars. Investors seeking to acquire Nxt should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Nxt using one of the aforementioned exchanges.

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