Post
Topic
Board Service Announcements (Altcoins)
Re: [NXT] The Nxt Technology Tree - Monetary System mainnet release @ block 330000
by
profitofthegods
on 10/01/2015, 11:04:16 UTC
Big movement up today for NXT.

I think its an error on CMC

What, I thought that price was for real! You mean it's bullshit? If that's true then coinmarketcap's getting flakey.

They are very flakey. I think its because they draw in data from as many sources as possible, and if there is a problem with any of those sources it throws everything off. For example the nxt price was because one exchange with low volume was quoting a very, very high price - probably somebody did a market buy and some tiny amount, like that last 1 or 2 nxt to complete the order, was picked up way off market price, but because that was the last price someone bought at its what gets reported to CMC.