Nextcoin: Yet Another Alt Coin Doubles in Value this Weekend

Nextcoin (NXT) joins in the club of micro-denominated Altcoins Altcoins Altcoin is a term that describes any cryptocurrency that isn’t Bitcoin. Since Bitcoin’s inception there have been countless cryptos launched. Many of these have met varying levels of success, though several have risen to rival Bitcoin itself.Ether, XRP, Stellar, Monero, Ada, and Dash are a few examples of the more popular altcoins. There presently exist over 5,000 altcoins and this number seemingly grows constantly. The paramount altcoins as of May 2020 are Ethereum and Ripple.In terms of struct Altcoin is a term that describes any cryptocurrency that isn’t Bitcoin. Since Bitcoin’s inception there have been countless cryptos launched. Many of these have met varying levels of success, though several have risen to rival Bitcoin itself.Ether, XRP, Stellar, Monero, Ada, and Dash are a few examples of the more popular altcoins. There presently exist over 5,000 altcoins and this number seemingly grows constantly. The paramount altcoins as of May 2020 are Ethereum and Ripple.In terms of struct Read this Term who have doubled in value this weekend. NXT is up by more than 50% today. At its peak of 70 μBTC (6.4¢), it had more than doubled in value since hitting a low near 35 μBTC (3.2¢) on Friday, based on data from DGEX. It recently came off its highs and is trading at 60 μBTC (5.5¢).

NXT had previously been trading near the 45 μBTC (4.1¢) mark for much of last week and was even in steady decline before hitting its low and subsequent spike.

According to the website .

Nextcoin is considered to be completely "mined" already, and NXT is distributed from the existing 71 major stakeholders in exchange for Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term "injections" or donations. Thus, the huge glut of supply and wild swings in demand have made for a far more volatile trading behavior than exhibited in Bitcoin, whose release to the general market is largely constrained by its overall mining capacity.

NXT currently has a market cap of $49M, ranking it 6th among all digital currencies.