The same dormancy for Nxttycoin on the Nxt AE that prevailed for most of yesterday continued today. Over at Bter, the only trade was a teeny tradebot-to-tradebot trade at 200 satoshis. On Nxt's AE, there were only two trades this day (Eastern time zone). Once of them was small and the other was miniscule.
Unfortunately, the small one was a Sell order at the high bid: it was large enough to blast through almost all of the bid. As I write this, the high bid is still 0.032 but it hinge by a thread of only 60 Nxttycoin. Once it goes, the next highest bid is at 0.031563...and it's only for 10'000 Nxttycoins.
There was a change in the ask book today, but it's not that encouraging. Someone lowballed my formerly low ask by landing a sell order of almost 240'000 at 0.03377. Recently, someone else joined him or her by placing another large sell order at 0.03379: this one's for 200'000. Right now, someone would have to Buy close to half a million at the asks to get the price above 0.034. That's a lot of overhang.
Unfortunately, there's far less of a cushion in the buybook. A dump of less than 70'000 would shove Nxttycoin's price down below 0.030.
Ironically, there's a fair bit of development under the hood right now. Not only is there a new interface coming with a Call feature being added -
screenshots here - but also a set of security questions to add 2FA to Nxtty is being added too.
Screenshots here.
So, even though the Nxttycoin market isn't all that good, improvement of Nxtty itself is continuing apace. I don't know how the market will take to the improvements once they're in production as an upgrade, but I wouldn't write Nxttycoin off.
To get back to its orderbook, the Nxt AE's high bid is the above-mentioned 0.032 and the low ask is a small sell that I snuck ahead of those two biggies at 0.0336: I'm still doin' my spread-narrowing thing.
Nxt's gyrations a little above and briefly below 6000 satoshis did keep me hopping today. As I call it off for another night, I've left the orderpair for NFDNxtty at a 101 NFD offer and a 97 NFD buyback bid. You can check this anytime by firing up your NFD wallet and checking the NFDNxtty orderbook in NFD's Asset Exchange.