NXT low volume is easily explainable. Whales won't pump it because they don't want to get dumped on. The ball is not in the whales court even if they throw a bunch of BTC at it.
It says a lot when people like Wolong will pump garbage like Earthcoin and Unobtanium, but won't touch NXT with a stick.
There are too many people who will make too much money by selling now, to the point where they have no care about price in the future.
This is not "FUD", this is a critical NXT problem.
Nxt have their own whales "whales 2.0?" same as bitcoin have it owns and no one with $ pumped it because they would get dumped too
If any whale want to quit now, let it quit and dump his millions, but if I were a whale, I would hold and sell slowly "Is the best option for me..."
And every time I've ever looked at the exchange for NXT, there's the same guys over and over with their stacked sells of blocks of 10,000 in a row, or whatever the number was. The problem is that too small amount of people was given too much profit out of thin air for doing nothing. They have no incentive to hold when anything they sell is insane profit compared to what they put in, and if they don't sell, then the coin is broken from no user base. This is why most people just brush NXT off as a completely broken concept or scam from the ground up.
Mining period has to be longer than literally 1 second for a coin to succeed. One week is not long enough either. Peercoin is one of the few PoS coins with a sane mining period.
I feel the same with bitcoin sell blocks in btc-e for example... 2000BTC "beatufill number for be full of bitcoins..." All this coins are holded by a minority "majority of miners are registered in this forums, so count them and compare to a city, country or world population for see if this means something.
If they are smart they will go selling slowly for take more profit, let the price increasse, and even hold a good stake "and this seems exactly what they are doing"
You are setting peercoin as an example... really? did you see the charts? I mined 6k a day with a single 5970hd and dumped all of them because chain was broken or something strange that I don't remember well "stupid movement from me, i know" Now they are fighting with asics for get one full coin daily... Is all the SAME
First come, first serve
And scam isn't a good definition for nxt I think, scams are many other ipos that promise something and deliver nothing, nxt was a risk investment and inverstors get rewarded "a lot, yes" but when you say scam, you mean ENVY