Today, I am going to explain why I feel that either IGNIS is severely underpriced, or ARDOR is severely overpriced.
A brief explanation of Ardor and Ignis (Based on my understanding) -
ARDOR was created from a NXT fork, and all holders of NXT at the time of the ARDOR Genesis Snapshot held the equivelant amount of ARDOR as they did NXT. Ardor was forked as an extension of the NXT blockchain, to offer additional features and, for want of a better description, "Future Proof" it. ARDOR can be forged in the desktop wallet.
IGNIS is a supplementary "unit", which is a child-chain of ARDOR, and has inherently lower fees than ARDOR. Anyone who held NXT and the time of the ARDOR Genesis Snapshot held 50% of the amount of NXT they had as IGNIS. IGNIS cannot be forged.
IGNIS transaction fees are payabale in IGNIS, and the IGNIS transactions are then recorded on the ARDOR Blockchain by Bundlers (Something akin to money changers), who set an exchange rate for performing the service, and take the fee in IGNIS (which goes to their IGNIS wallet), and pay the fees in ARDOR from their ARDOR wallet.
So far, so good.
However, as ARDOR is about twice as "valuable" as IGNIS, not many transactions are taking place with IGNIS (either because people are waiting to see if the price of IGNIS goes up, because they are holding their ARDOR and NXT on an exchange which does not supports IGNIS, because they don't know what IGNIS is, or then don't even know if they hold any).
For IGNIS and ARDOR to gain any serious traction, the price of IGNIS needs to increase to about £0.85 per IGNIS, and ARDOR needs to drop below £0.50 (at the time of posting, IGNIS is about £0.36 and ARDOR is about £0.77). This would have 2 effects on ARDOR and IGNIS.
Effect number one would be the increase in the exposure of IGNIS to mainstream exchanges, and to bring it to the fore in the eyes of investors, thereby creating the interest in which is required to make IGNIS and ARDOR the go-to currencies and generate interest in the Childchain technology of ARDOR for business to invest in.
Effect number two would be that it would increase the amount of transactions occuring on the IGNIS Childchain, creating more opportunity for forging on the ARDOR Blockchain, generating further interest in ARDOR.
If you have anything to add, please leave a comment (if i have got anything wrong, please feel free to comment on that as well), and if you like the post, please upvote and resteem it.
Disclaimer - This article is just my 2 pennethworth, and should not be construed in any way as an endorsement of any particular Cryptocurrency, and should certainly not be taken as investment advice in any way shape or form. I currently hold ARDOR, BTC, LTC, Doge, BURST, ETH, ZEC, XMR, TROLL, RDD and a host of other random cryptocurrencies. I do not hold any IGNIS at the time of writing