The "pump" happened because of UpBit exchange, not Bittrex. Korean exchange listed new fiat market for IGNIS (IGNIS/KWN).
Read hereDespite this "pump", IGNIS is still undervalued and I'm not selling mine below 5000 satoshi.
Thanks. I also wondered about that pump. Well, it seems it lasted a bit and the price very likely has bottomed (it was as low as 8 cents for some weeks, now it's stable over 15 cents and "looking" again to the 20 cents barrier).
The problem in my view is that IGNIS still isn't regarded as the "main currency" of the Ardor ecosystem. It seems it still has to find its real use cases - and I repeat: Ignis should be regarded as an ideal transactional currency, for example for electronic commerce, because transactions in IGNIS do not permanently bloat the blockchain and have much lower fees than ARDR transactions.
Until that "use case problem" isn't solved, I believe IGNIS will tend to continue to be undervalued.