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.
I agree with you. I perceive IGNIS as a big Bulgarian joke.
IGNIS distribution: 50% will be airdropped to holders of NXT (Jelurida has ~20-30% of total NXT), 23% remain in control of Jelurida and 27% were actually sold for $15 M. Summing up,
Jelurida - the developing company, will have between 30-40% of total IGNIS supply. Show me another $ billion cryptocurrency with such outrageous wealth distribution. In fact, Bytecoin, Bitconnect, Hshare and perhaps Tron are similar in distribution. It doesn't make them less of a scam than they already are.
Scam or not, but the largest European banks decided to use NXT-Ardor but not Komodo so far. Are they blind?