It's a catastrophe. NXT has created a false illusion of non existent liquidity. Even the coins are are being mined aren't really well distributed, a fully premined coin is much worse.
Also, if NXT is a catastrophe, then what do you call Shibecoin, BlueCoin and 100 other scam-purposed coins? In terms of price action, XC, Monero and VertCoin are far greater catastrophes. Its not really a matter of opinion.
Well they are just worse. Such coins are so bad that they aren't even worth mentioning!