NXT Profile

NXT
 Crypto
  

USD 0.003  0.000001  0.0337%   

Market Performance
3 of 100
Odds Of Distress
Less than 50
NXT is trading at 0.002972 as of the 26th of November 2022, a 0.0337 percent up since the beginning of the trading day. NXT has 50 percent odds of going through some form of financial distress in the next two years and did not have a very good performance for investor during the last 90 trading days. Cryptocurrency ratings for NXT are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of September 2022 and ending today, the 26th of November 2022. Click here to learn more.
NXT is peer-to-peer digital currency powered by the Blockchain technology. More on NXT
NXT is an internet market maker for peer-to-peer digital cash-like asset called Cryptocurrency. NXT has been active in the last 3 months, and it is currently expressing a bullish sentiment. Cryptocurrencies such as NXT are digital assets that allow for secure payments and are represented by ledger entries internal to the system, generally referred to as a blockchain. Blockchain implementations use encryption algorithms and cryptographic techniques that safeguard entries in the ledger. Cryptocurrency assets such as NXT are becoming very popular among investors and have been praised for their portability, inflation resistance, and transparency. However, they face a lot of criticism, including lack of tax regulations, exchange rate volatility, and infrastructure vulnerabilities.

NXT Crypto Coin Highlights

Most cryptocurrency investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend or investor sentiment. NXT's investment highlights are automatically generated signals that are significant enough to complement your investing judgment regarding NXT or challenge it. These highlights can help you better understand the crypto position you are entering and avoid costly mistakes.
NXT has very high historical volatility over the last 90 days
NXT has some characteristics of a very speculative cryptocurrency
NXT is one of many evolving digital currencies in which encryption is used to regulate the generation of units of currency and verify the transactions independently of a central authority. It is traded on 3 exchanges in multiple currencies. 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.
IndustryBlockchain-Specific Application
FINMAUtility
FCAUtility
AccessPermissionless
Collateralized AssetNo
SymbolNXT
Technology Adoption RatingE-
Market Performance RatingD-
NameNXT
Proof TypePoS/LPoS
Sponsoredfalse
AlgorithmPoS
Is Tradingtrue
Asset Launch Date2013-11-24
Full NameNxt (NXT)
Asset Website Urlhttps://www.jelurida.com/nxt
Asset Token StatusFinished
Platform Typeblockchain
Coin NameNxt
Total Coins Mined999 Million
NXT (NXT) is traded on CRYPTO Exchanges. NXT is peer-to-peer digital currency powered by the Blockchain technology.

NXT's Exchanges and Markets

Poloniex HitBTC Graviex

NXT Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. NXT market risk premium is the additional return an investor will receive from holding NXT long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in NXT. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although NXT's alpha and beta are two of the key measurements used to evaluate NXT's performance over the market, the standard measures of volatility play an important role as well.

NXT Technical Analysis

When it comes to investing in cryptocurrency, such as NXT, the assumption holds that everything in the market that could affect the price of crypto is already reflected. Therefore, the price of NXT, which is currently traded at 0.002972, shows everything you need to know about NXT market value. You don't have to consider the fundamental factors that affect a crypto asset, such as NXT, to determine its price movements. However, the NXT's price action will always exhibit trends, even in random market movements, regardless of the timeframe you use - so NXT's future price movement is more likely to follow an established trend and the cryptocurrency technical analysis is one of the ways to project NXT's future price trend
Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Cosine Of NXT Price Series is a trigonometric function that describes price patterns.
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NXT Against Markets

Picking the right benchmark for NXT crypto coin is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in NXT crypto coin price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for NXT is critical whether you are bullish or bearish towards NXT at a given time.

Be your own crypto manager

Our tools can tell you how much better you can do entering a position in NXT without increasing your portfolio risk or giving up the expected return. As an individual cryptocurrency investor, you need to find a reliable way to track the performance of all your tokens in a consistent way. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall cryptocurrency portfolio.

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Options Analysis

Analyze and evaluate options and option chains as a potential hedge for your portfolios
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How to invest in NXT

You need to understand the risk of getting into digital currencies such as NXT before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in NXT in four ways:

Buy NXT through an exchange

Get yourself a crypto wallet before embarking on your NXT journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase NXT. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.

Purchase fractions of NXT through an exchange

You don't have to buy a full token when starting out since NXT is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.

Trade NXT through a broker

If you don't want to store your NXT Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.

Invest in NXT through an exchange-traded fund (ETF)

You can also invest in NXT through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.

Investing Ideas

In addition to having NXT in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Thematic Ideas
Explore Investing Ideas  
Additionally, see Correlation Analysis. You can also try Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

Other Tools for NXT Crypto Coin

When running NXT price analysis, check to measure NXT's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy NXT is operating at the current time. Most of NXT's value examination focuses on studying past and present price actions to predict the probability of NXT's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move NXT's coin price. Additionally, you may evaluate how adding NXT to your portfolios can decrease your overall portfolio volatility.
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