Nervos Network

Show

when

Coin

<p>Nervos Network (CKB), an open-source public blockchain ecosystem, has seen a significant 19% price increase in the last 24 hours. The project, which aims to create a peer-to-peer (P2P) crypto-economy network with secure blockchain services and capabilities, has been gaining traction among investors and analysts alike.</p>
<h2 class="wp-block-heading" id="market-overview">Market Overview</h2>
<p>As of writing, CKB is trading at $0.03047, with a market capitalization of $1,284,109,458, ranking it as the 87th largest cryptocurrency by market cap. The 24-hour trading volume for CKB stands at $311,750,749, representing a 3.96% increase from the previous day.</p>
<h2 class="wp-block-heading" id="nervos-network-s-unique-architecture">Nervos Network’s Unique Architecture</h2>
<p>Launched in November 2019, Nervos Network boasts a novel dual-layer architecture that sets it apart from other blockchain projects. The base layer is responsible for the consensus mechanism and the storage of smart assets, while the computation layer handles transaction processing. This unique design allows for enhanced scalability and security within the Nervos ecosystem.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>The key? Getting in early, especially during the <strong>ICO phase</strong>. Check out <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>NuggetRush</strong></a> today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>Seize the opportunity</strong></a> with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<h2 class="wp-block-heading" id="technical-analysis">Technical Analysis</h2>
<h3 class="wp-block-heading" id="breakout-from-descending-channel">Breakout from Descending Channel</h3>
<p>According to our recent technical analysis, CKB has broken out of a descending channel pattern. This breakout is considered a bullish signal, indicating that the price may continue to rise in the near future. Traders and investors should keep a close eye on CKB’s price action to potentially capitalize on this bullish momentum.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="420" src="https://captainaltcoin.com/wp-content/uploads/2024/04/image-388-1024x420.png" alt="" class="wp-image-470515" srcset="https://captainaltcoin.com/wp-content/uploads/2024/04/image-388-1024x420.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-388-300x123.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-388-766x314.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-388-1536x630.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-388-2048x840.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-388-366x150.png 366w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-388-100x41.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-388-854x350.png 854w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-388-788x323.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-388.png 1793w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<h3 class="wp-block-heading" id="200-day-moving-average">200-Day Moving Average</h3>
<p>The 200-day moving average (MA) for CKB currently stands at $0.007414. This long-term MA is a key indicator for determining the overall trend of an asset. When the price is above the 200-day MA, it is generally considered a bullish sign, suggesting that the long-term trend is upward. With CKB trading well above its 200-day MA, the long-term outlook for the project appears to be positive.</p>
<h3 class="wp-block-heading" id="relative-strength-index-rsi">Relative Strength Index (RSI)</h3>
<p>The daily chart RSI for CKB is currently at 72. The RSI is a momentum oscillator that measures the speed and change of price movements. An RSI above 70 is often considered overbought, indicating that the asset may be due for a correction or consolidation.</p>
<p>However, in strong uptrends, the RSI can remain overbought for extended periods. Traders should monitor the RSI closely for any signs of divergence or a potential reversal in the price trend.</p>
<h2 class="wp-block-heading" id="all-time-high-and-potential-upside">All-Time High and Potential Upside</h2>
<p>CKB reached its all-time high of $0.04412 on March 31, 2021, nearly three years ago. The current price of $0.03047 represents a 34.34% decline from the all-time high. However, given the recent bullish technical indicators and the project’s strong fundamentals, there may be significant upside potential for CKB in the coming months.</p>
<p>Nervos Network (CKB) has demonstrated strong performance in recent days, with a 19% price increase and a breakout from a descending channel pattern.</p>
<p>The project’s unique dual-layer architecture and the bullish technical indicators, such as the price trading above the 200-day MA and the high RSI, suggest that CKB may be poised for further growth. As always, investors should conduct their own thorough research and exercise caution when investing in any cryptocurrency, as the market remains highly volatile.</p>
<p><em><strong>Hunting for a small cap coin that could explode 10x? We’ve unveiled a few last week alone.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram community.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-nuggetrush-nugx-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check NuggetRush ($NUGX)</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy NUGX Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/why-is-nervos-network-ckb-price-pumping/" rel="noopener noreferrer nofollow">Why is Nervos Network (CKB) Price Pumping?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Why is Nervos Network (CKB) Price Pumping?

Table of Contents

CaptainAltcoin

Другие статьи, опубликованные 8 апр. 2024 г.

Rebel Satoshi ($RBLZ) Expected To Surge Following New Token Launch; MATIC and NEAR Hit Price Drops

Artificial Intelligence As Consequential As Electricity – Says Most Influential Banker In The World

Filecoin (FIL) Price Prediction: Is It Going to Stay Steady or Drop?

Etherscan users targeted in major phishing campaign via on-site ads

LTC, MNT gain amid turmoil as MEDA presale prepares for surge

New Crypto ICO Dogeverse Raises $250,000 in Minutes, Could This Multi-Chain Meme Coin Explode?

Join our free newsletter for daily crypto updates!