I doubt it is the result of advertising that NXT got to $2. A few hundred thousand was used to pump up the IGNIS futures price to $4+ and since NXT gets 1 IGNIS for every 2 NXT, that makes NXT "worth" $2

of course with over a billion USD traded based on this, it might come as a shock to all the NXT buyers who thought there were getting some free coins when it turns out IGNIS isnt really a $4 coin. It is basically NXT with hardly any assets.

What if a more realistic price for IGNIS is 50 cents? then the IGNIS value for NXT would be 25 cents... If you are saying that advertising and coinmarketcap banners will hypnotize people into paying 10x more than they should, I respectfully decline that offer.

The fallout from this will be over a billion dollars that ends up with a big loss and will take a long time to work itself out of the NXT/ARDR trading.

Of course, it is nothing compared to the XVG insanity...