Why can NXT rise sharply in the future?

Why can NXT rise sharply in the future? Find out here.

NXT is a decentralized exchange platform token (DEX) that is mainly governed by community governance. The current project token NXT has been listed on exchanges such as Huobi Global and Gate.io. NXBT is an ERC-20 Token (NXP) contract token issued on the Ethereum network. It creates a trading pair and exchange function on the blockchain through the same way as other mainstream cryptocurrencies to realize value transfer and asset conversion between chains. It also supports smart wallets and various decentralized applications, allowing users to participate in the DeFi field without the need for third-party trust, thereby reducing transaction costs and increasing returns, becoming one of the most trusted applications.

Although the recent market has fluctuated significantly, there have been many instances of rising quality assets. According to Coinmarketcap’s statistics as of July 22, 2020, only 6 out of the top 100 cryptocurrencies in terms of market capitalization have risen or fallen; among them, Ethereum had the largest increase. Recently, the price of NXT has continued to rise, reaching a peak of $3 and then quickly falling back to around $1.