Taken from r/CryptoCurrency Reddit's daily reviews:
"NXT has been a favorite of mine for the last 2 posts and has yet to disappoint, why I loved it then I still love it now.
Bittrex came out and said the NXT airdrop will be supported by their exchange (the price jumped 30%+ yesterday) which means you will not have to transfer NXT off to receive IGNIS coins (the most confusing aspect of an airdrop).
Now if you own NXT on Bittrex you will magically have 1 IGNIS for every 2 NXT you have at the time of the snapshot. You do not lose your NXT; you solely get an extra coin. I expect the price to continue to rise leading up to the airdrop by a minimum of 50%. I hope you鈥檝e been following my posts as NXT has made all 3. The airdropped coins future value is trading at $2.10 currently (IGNIS). 1 IGNIS is provided for every 2 NXT held in your Bittrex account at the time of the snapshot next week. With NXT trading in the low $1.00 range your return on the airdrop is the same as your investment in NXT.
I expect this to continue to correct itself by NXT increasing in value to the $2.00-$3.00 range by the time of airdrop. Right now 2NXT cost $2.20, but the snapshot provides a coin worth $2.10, a 95% return in a single day? Likely the price of NXT climbs greatly to make up for this issue. I expect to see NXT hovering around $3 by the time of the airdrop."
