China-based Terri Tai and Daniel Lv, and US-based Kevin Wang, co-founded the Nervos Network in 2018. It is a cross-chain solution offering a suite of DApp development tools with interoperability at the center of its user experience. The CKB coin serves as the foundation for Nervos’ blockchain ecosystem. The Nervos team developed it.
Before we get into the real gritty of Nervos Network price prediction, we’ll go into the fundamentals of this advanced platform, followed by CKB price prediction.
The Ecosystem
Nervos Network (CKB) is an open-source, public blockchain ecosystem and protocols that address flaws in existing blockchain technology. It comprises a set of protocols for building a universal network similar to the internet and interoperability via scalable layer two solutions. Nervos Network (CKB) is attempting to develop an ecosystem of Universal Apps.
Nervos Network’s staff is a pioneer in blockchain technology and associated ventures. As a result, they developed a blockchain that you could use to meet the performance requirements of corporate use cases.
Nervos Network has the following components:
- Godwoken is an EVM compliant layer 2 for decentralized apps based on the Nervos Network layer 1. It is fully Ethereum compatible on the Nervos Network, allowing Ethereum blockchain developers to migrate dApps quickly. It uses advanced account abstraction in the multi-chain solution.
- Lina: Lina, the CKB mainnet, was introduced in 2019. Initially, an open-source genesis block generator was produced, which resulted in the creation of the mainnet. This allows miners and node operators to start and validate Lina independently.
- Grants Program: The grant program began in January 2020. Nervos Network gave a $30 million award to developers and technocrats working on new blockchain infrastructure concepts to introduce new technology, finest developers, and ideas into the ecosystem.
- CKLabs: As part of the project’s operations, CKLabs was formed in May 2020 to assist entrepreneurs in developing applications on the Nervos Network. Startups may successfully promote their goods. They also have access to cryptocurrency venture capital firms like Polychain and Dragonfly Capital.
Nervos Network Overview
| Project name | Nervos Network |
| Ticker Symbol | CKB, CKByte |
| Total Supply | 27,958,551,469 |
| Official website | Nervos.org |
| Based on | Multi-Asset Blockchain |
| Launched year | 2018 |
| All-time high | $0.044USD |
| Exchange Platform | Bilaxy, Huobi Global, MXC, Hoo, CoinEx, OceanEX, BitForex, Bittrex, Gate.io, Hotbit, CoinTiger, Probit Exchange, BitMax, Bithumb Global, CITEX, LBank. |
| Wallet | Neuron Wallet |
Nervos ICO Overview
| Platform used | CKB |
| Raised by | $72,000,000 USD |
| Date of ICO | 24th October 2019 |
| ICO Price | $0.0041 USD |
| Partners | 1confirmaton, 1Kx, Alternity, Bixin Capital, Blockchain Capital, Huobi Capital, imToken, Distributed Global, DCC, Dekrypt Capital, Ceyuan Digital assets, Frees Fund, FBB Capital, Breyer Capital, Kindred Ventures, Multicoin Capital, Polychain Capital, zk Capital, Vy Capital, Sequoia Capital, Passport capital. |
What is CKB?
CKByte, Nervos’ native token, has the ticker symbol CKB. Having one CKB allows you to save one byte of data on the Nervos Network. The network uses CKB to pay any transaction charge on the ecosystem. Furthermore, CKB uses resource management and incentivization. Participants in the ecosystem can lock the CKB token on Nervos DAO to compensate for locking.
CKByte is used in the ecosystem to pay fees. First, miners must pay the Cycle charge, calculated by CKB-VM. The second is a transaction charge, followed by a state rent to minors for storage space. The miner will receive the entire base issuance and a part of secondary issuance for mining. When the mining benefits run out, the miners will still get state rent.
CKByte is used to start a new cell. The user must own the same quantity as the new cell will take up. CKByte holds this amount until the cell space remains constant. Upon spending the sale, the network releases the CKByte.
Regarding CKByte token distribution, the Nervos Network (CKB) genesis included 33.6 billion CKB. The fresh issuance occurs through either primary or secondary assignments. For a year, secondary issuance has a steady issuance rate of 1.344 billion CKByte.
Technical Analysis
Nervos Network cryptocurrency trading is now at $0.01293, with a 24-hour trading volume of $8,865,414.52. With a circulating supply of 30,375,650,139 CKB, the total market cap is $395,210,474.38. Today’s trading range includes a low of $0.01984 and a high of $0.02046. On March 31, 2021, the maximum price for Nervo’s network (CKB) was $0.04412. The current price of Nervos Network is around 53% lower than the all-time high. In March, the all-time low was $0.002562.
CKB has been trading sideways for a long time, according to historical data. CKB returned from the trading market and began an upward trend in February 2021. The evident CKB price gain terminated at $0.041, designated as the uptrend’s highest possible level.
Because the coin’s average directional index is 24.25, this downward trend is not extremely strong. The immediate resistance level is $0.015. The biggest barrier is $0.017, and the next significant obstacle is $0.022. However, this range is difficult for the currency in the short term. On the other hand, the coin’s immediate support is $0.011. The maximum amount of support is $0.009.
The Nervos Network price is settling above its 200 EMA, but the latest decline has sent CKB below the 50 and 20 EMAs. On balance volume (OBV) is also horizontal and neutral. The stochastic RSI is attempting to cross the signal line from below, which is a neutral indicator.
Using critical technical indicators to determine the direction, Nervos Network CKB has dropped below the middle line of the Bollinger band, indicating persistent selling pressure. MACD, by going below the signal line, also displays the negative momentum. The RSI stands at 55.62, showing that bears still hold on to the coin.
Nervos Network Price Prediction 2022-2026
With a market valuation of $395,210,474.38, the currency has produced a relatively strong return in the past year, according to previous price statistics. The Nervos Network pricing did not change much towards the year’s conclusion. However, there was some loss the prior month. Because the demand and supply mechanism of the coins is often dependent on the company’s monetary policy, uncertainty is an unavoidable moniker for the crypto market.
Let’s have a look at the long-term price estimates for the Nervos Network coin.
Nervos Network Price Prediction 2022
The minimum level projected is $0.0158, and the maximum level expected is $0.0181 for the year’s total forecast price of $0.0168.
Nervos Network Price Predictions 2023
The CKB Nervos price will start at $0.0229. The year’s peak is $0.0207, while the average trade value in 2023 is $0.0192.
Nervos Network Price Prediction 2024
Nervos Network Price Prediction predicts that it will begin at $0.0272, rising to $0.0283 after two months, and then decline to $0.0181. The year’s minimum value is $0.0158, the greatest value is $0.0247, and the predicted average is $0.0210.
Nervos Network Price Prediction 2025
CKB price forecast 2025 begins at $0.0308. Predictions suggest a minimum price value of $0.0223, a maximum price value of $0.0283 towards the end of the year, and an average price of $0.0242. CKB coin forecast 2025 confirms that CKB has been a lucrative investment for the past five years, making it an excellent pick for the portfolio.
Nervos Network Price Prediction 2026
According to the current Nervos Network price prediction, there may be a minor adjustment in 2026 compared to 2025. The average trading price for 2026 will be $0.0239, with Nervos Network trading at a minimum of $0.0210. Finally, the highest pricing of Nervos Network might be approximately $0.0250.
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