Can anyone explain the 23% increase in the price of Nxt in the last 24 hours?

I've been watching Nxt like a hawk because of the Ignis snapshot and fundraiser that is going to start on Aug 26th where you can buy Ignis, the future Ardor child chain, with the Nxt that we have.

Is this pump a result of people moving their crypto to Nxt in anticipation of selling it for Ignis in 3 days or is this pump just a result of the overall bull market since Bitcoin and so many other coins are trending up right now? Explain your reasoning please.

submitted by /u/ProfessorGanymede
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