Nxt challenges August lows, market cap breaks below $20 million

After a big bounce in early September, Nxt has resumed its lengthy decline, hitting a low of 5450 satoshi ($0.018) 36h ago. It has since bounced back to near 5800 satoshi. The recent lows challenge those reached in late August, after which it proceeded to rally 70%.

Since rallying to a 2014 high of 14,250 in early June, Nxt has now surrendered as much as 62% of its 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-based value.

Although Nxt- like many of its Bitcoin 2.0 peers- mostly abstained from flowing along with the broader crypto markets during some of the recent sell-offs, it remains stuck in a gradual state of decline on its own terms. And unlike many of the rapid spikes and sharp falls seen with its generation 1.0 peers, the losses have been subtle- usually no more than 1-2% within 24h, with an occasional bounce along the way.

Noteworthy is Nxt's market cap slipping below $20 million. Like many coins, its dollar-denominated market cap has been hurt by a declining bitcoin value, which has been enough to severely impact valuations even if bitcoin-denominated trading has gone relatively well.

Its market cap fell below $18 million 36h ago, but is once again hovering around $20 million. Nxt has not tested such valuations since during a trough in late April, a time of great instability in the markets. It still ranks 6th, just behind Dogecoin.

Trading volume continues to be moderate, with roughly $46,000 worth traded in the past 24h. It ranks among the ten Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term most actively traded, with the bulk of activity taking place on BTER.