The activity of altcoins once again proved that those assets remain volatile and risky. Nexus (NXS) saw its price grow by what traders see as a deliberate price pump.
NXS jumped a net 25.5% in the past 24 hours, and after erasing some of the gains reached $0.35. The price is relatively low for NXS, having returned to levels not seen since April 2017. However, in the short term, the NXS pump gained attention.
NXS peaked above $13 in January, and immediately after that saw its volumes drop precipitously, from above $229 million’s equivalent at the peak, down to around $200,000 on a usual day. NXS illustrates the trajectory of many altcoins, and the underlying risk of crypto investment, especially with volumes dis...
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