Why you should invest in ARDOR and NXT (before it is too late!)
The first Cryptocurrency 2.0 is back and its going to be huge!
Ones known as the Cryptocurrency 2.0, NXT launched in 2013 after getting very little attention and only raising a little over 21 BTC in the ICO. But soon many people realised its potential and jumped on the new an innovative Cryptocurrency bringing it's value to an alltime high at about 13k Satoshi.
Soon after that NXT got bashed for beeing only distributed to a few whales that took part in the ICO and so the NEM (New Economy Movement) started. And we all know where NEM is today.
Why am I telling you this? Well, the devil lies in the detail:
NEM first started as a a clone of NXT. Even the client looked like the NXT client. But it was soon rewritten so it became its own legit Cryptocurrency.
I am huge fan of NEM. I like how easy and smooth it workes and looks.
But I am also a huge NXT enthusiast, holding my first NXT Coins since 2013. Never sold, even bought some more last year before the ARDOR Snapshot.
What exactly is ARDOR?
Ardor is a blockchain-as-a-service platform that will allow people to utilize the blockchain technology of Nxt through the use of child chains. Since all processing will be done on the Ardor main chain, child chain creators won’t need to worry about common issues when creating a blockchain as well as securing it with enough nodes. Child chains will be able to utilize features currently seen in Nxt such as decentralized phasing, voting, and trading, as well as be able to interact with other child chains on the platform, including IGNIS, the first child chain to be launched.
https://www.ardorplatform.org/
ARDOR can be referred to as NXT 2.0. It brings as all the great features of NXT combined with a long awaited feature:
Blockchain as a Service!
For the first time Ardor will make it possible to great your own child chains inside the Ardor ecosystem. Just think about all the possibilites of greating your own child chain and not just an asset or coin.
Just take a look at NXT. All the features that NXT has will also be available for the Ardor child chains:
- Aliasing: Initiate transactions with easy names. All aliases will end with a period preceeding the name of the child chain.
- Data Cloud: Store data securely right on the blockchain. This can be either public or private and is time stamped.
- Account Control: Restrict access to an account or prohibit transactions without approval by multiple parties.
- Monetary System: Create customizable monetary system tokens in addition to the child chain native token.
- Secure Messaging: Send encrypted messages and files without a centralized system.
- CoinShuffle: Optionally allow users to mix funds quickly and efficiently with other users’ funds to further increase privacy.
- Voting: Decentralized polling for secure and anonymous voting.
- Plugins: Plugins will be able to be installed to increase and customize functionality.
- Phasing: Create automatic conditional or unconditional transactions with deferred execution.
- Marketplace: Have a marketplace where anyone can buy and sell physical and digital items.
Why should you invest in ARDR?
Ardor ist still in the Testnet phase and will launch in Q3 2017. All Ardor coins are already distributed throug a 3 month period snapshot of NXT that was taken in Q3 2016. So everyone who held NXT through this time was rewarded with Ardor. Ardor is since tradable on exchanges and is already on a steady rise.
The marketcap of Ardor at the time of my writing this is about: $135m
Looking at the marketcap of NEM and the features Ardor is offering, plus that most people don't know much about Ardor yet, I can safely say, a rise to $500m-$1b in the coming months after release is a very realistic scenario.
Why should you invest in NXT?
Well, this is the tricky part. As soon as Ardor launches there will be another one time snapshot of all NXT accounts where every NXT holder will get 0.5 IGNIS Coins (the first child chain on Ardor). The other half of the IGNIS coins will be sold in an ICO.
So by buying NXT now and holding it - at least till Ardor launches - will not only give you a nice return on investment on NXT (because I expect it to keep rising at least until the snapshot is taken), but also give you a whole bunch of free IGNIS coins that you can trade, sell or hold as soon as Ardor goes live.
So, my dear Steemians! Don't wait too long. Take this chance and make 2017 your winning year. It was never so easy to invest in something. Even if it doesn't take off as me predicting, you will at least make some decent profit on the way.
PS: This article only represent my opinion. Only risk money that you are willing to lose. There are no guarantees of return or profit. Please be warned, crypto is wild and sometimes unpredictable.
This post should have made way more money than it did. Steemit is jacked up.
yeah its strange
Great Post!! Must take a strong look at NXT & ARDR. Thanks!!
Fantastic post, its been a while for us who have been in since the beginning and have been investing and following the road map. exciting times are coming.
Solid post. Thanks for bringing this to our attention. In my opinion blockchain is here to stay. A proper investment for the long term. We really need more insights in the market and previous investment results (even though they don't deliver any guarantee for the future). I was wondering if anyone of you uses: https://www.coincheckup.com I don't know any other site that gives such good inisghts in the team, the product, advisors, community, the business and the business model, etc. For example: https://www.coincheckup.com/coins/Nxt#analysis To watch Nxt Indepth analysis.
Really helpful! Thank you!
awesome!
Awesome post. Could you share in which currencies you have invested so far? Or it is only NXT and ARDR?
Thank you :)
I am in crypto since 2013 so I was invested in a few on the road. Bought and sold. Longterm I am mainly in NXT/ARDR , but I am also holding NEM, ETH, LTC, Dash, XCP and a few newly aquired JANUS.
Nice post! For a detailed analysis of the ICO see my two part series: https://steemit.com/cryptocurrency/@cryptomaster007/ardor-platform-ignis-ico-part-2-of-2
Here is why you should today - 8/2/17 - Onky three days until the IGNIS ICO launches round 1 - https://steemit.com/ico/@krytonika/nxt-ardor-are-having-a-child-names-ignis-ico-august-5th-2017
Thoughts on price of ARDR going forward? I invested when I read this article six months ago and was up significantly (thanks for that), but I failed to sell at the ATH in December / January which I now regret. Do you think the price will rebound and that Ardor has real long-term potential? I feel like they are seriously lacking in their marketing efforts.
Hey theprodigy! Thanks for your comment. Well, marketing was always a topic with Ardor and NXT. The main focus of Jelurida's marketing is on the B2B market. That's why we are not seeing much on the investors side. This can be good or bad, depends on the way one sees it. I would also prefer to see some more balance on both marketing ends.
But it can only get better. Jelurida raised about 15 million dollars in the IGNIS ICO they held end 2017. So now, for the first time, they actually have the money to do the marketing. And I am confident they will.
Ardor took a big hit in the recent market downtrend, that's right. And although I sold a good portion at the recent ATH, I am still invested with a big amount in Ardor. It's one of my biggest positions.
As someone coming from the business side, I still see enough potential for a new upside trend in the long run. Don't expect a big rise the next weeks or even months though. Ardor is still young and the market is kind of bearish right now. It will take some time. But I am very confident about the Ardor price reaching new ATHs in the next crypto bull run.
I hope this helps you a bit with your decision making. As always, this is just my opinion.