Nervos
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#Nervos #CKB development open class will start on May 20
For those who are interested in #CKB development, don't miss it~
š¦¾The course mainly covers CKB basics to RGB++ and DOB application development, helping you to better understand and practice BTC and CKB development
šComplete all homework check-in tasks, and you can also participate in the CKB red envelope worth 1000USDT
šEvent details: https://mp.weixin.qq.com/s/YkdvUYyB4JsraCZwpXOQig
For those who are interested in #CKB development, don't miss it~
š¦¾The course mainly covers CKB basics to RGB++ and DOB application development, helping you to better understand and practice BTC and CKB development
šComplete all homework check-in tasks, and you can also participate in the CKB red envelope worth 1000USDT
šEvent details: https://mp.weixin.qq.com/s/YkdvUYyB4JsraCZwpXOQig
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CKB and her friends (Hong Kong station)
In 2024 $CKB opens #ęÆē¹åø L2 new narrative! š
On the occasion of the much-anticipated 2024 HongKong Web3 Festival, #Nervos CKB is honored to be the co-organizer of the Bitcoin Stage, joining hands with Wanxiang Blockchain and Bitcoin Magazine to host the all-day Bitcoin Stage on April 9 Coin Forum.
Not only that, Nervos CKB joins hands with ecological partners to hold a special Meetup on April 7, inviting you to participate in this grand event. We sincerely invite every friend of Nervos CKB to embark on this wonderful social journey and celebrate this moment together. š
On the occasion of the much-anticipated 2024 HongKong Web3 Festival, #Nervos CKB is honored to be the co-organizer of the Bitcoin Stage, joining hands with Wanxiang Blockchain and Bitcoin Magazine to host the all-day Bitcoin Stage on April 9 Coin Forum.
Not only that, Nervos CKB joins hands with ecological partners to hold a special Meetup on April 7, inviting you to participate in this grand event. We sincerely invite every friend of Nervos CKB to embark on this wonderful social journey and celebrate this moment together. š
The current price of Nervos Network (CKB) is $0.00592, price is up by +3.21% in the last 24 hours. CKB is currently available on 31 exchanges and in past 24 hours, 3,887,835,626 CKB coins have been exchanged, which equals $22,998,006 in a trading volume.
Today, Nervos Network (CKB) opened at $0.00597. It's down by -0.89% from the opening price. Despite rallying to the $0.00599 level, Nervos Network (CKB) faced resistance and was unable to maintain the momentum to move higher. From the maximum price of the last 30, and 7 days it's value is down by -30.75% and -22.95%, and from the minimum recorded price in the same timeframe it's up by 12.38% and 7.77%.
According to our analysis, CKB needs to stay above $0.00580 to potentially move towards the first major resistance level at $0.00684. Breaking above $0.00684, could see CKB rise to the next resistance level at $0.00768. The third resistance is at $0.00847.
If the price drops, the first support level to watch is $0.00580. If this level does not hold, a further decline to the next support level at $0.00467 is possible.
#nervos $CKB
Today, Nervos Network (CKB) opened at $0.00597. It's down by -0.89% from the opening price. Despite rallying to the $0.00599 level, Nervos Network (CKB) faced resistance and was unable to maintain the momentum to move higher. From the maximum price of the last 30, and 7 days it's value is down by -30.75% and -22.95%, and from the minimum recorded price in the same timeframe it's up by 12.38% and 7.77%.
According to our analysis, CKB needs to stay above $0.00580 to potentially move towards the first major resistance level at $0.00684. Breaking above $0.00684, could see CKB rise to the next resistance level at $0.00768. The third resistance is at $0.00847.
If the price drops, the first support level to watch is $0.00580. If this level does not hold, a further decline to the next support level at $0.00467 is possible.
#nervos $CKB
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Why is it said that the BTC mainnet is the leader in crypto asset issuance, RGB++ Layer is the leader in BTC ecological protocols, and CKB is the leader in BTC ecological targets?
#BTC is the strongest consensus asset. Those protocols that cannot support #BTCFi will lose their core competitiveness.
RGB++ Layer isomorphic binding, bridgeless cross-chain and other BTC native technologies have been recognized by @BinanceResearch. While Turing-complete programmability, it also has the advantages of high privacy, transaction efficiency, security and anti-censorship.
RGB++ Layer has a full set of DeFi facilities including DeFiAppChain, asset issuance IBO @btckbseal, stablecoin @stablepp and @IPN_Intelligent, DEX @UTXOSwap, ccBTC, @APRO_Oracle, @Element_Market, etc. RGB++ Layer is currently the only protocol that can support BTCFi. CKB Lightning Network and Fiber Network fully support RGB++, greatly expanding the development ceiling of the protocol.
RGB++ Layer isomorphic binding, bridgeless cross-chain and other BTC native technologies have been recognized by @BinanceResearch. While Turing-complete programmability, it also has the advantages of high privacy, transaction efficiency, security and anti-censorship.
RGB++ Layer has a full set of DeFi facilities including DeFiAppChain, asset issuance IBO @btckbseal, stablecoin @stablepp and @IPN_Intelligent, DEX @UTXOSwap, ccBTC, @APRO_Oracle, @Element_Market, etc. RGB++ Layer is currently the only protocol that can support BTCFi. CKB Lightning Network and Fiber Network fully support RGB++, greatly expanding the development ceiling of the protocol.
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Popular Science | UTXO Model
Original English text: https://www.nervos.org/knowledge-base/utxo_model_explained
The UTXO (Unspent Transaction Output) model plays a crucial role in Bitcoin and other UTXO-based cryptocurrencies. It accurately tracks changes in token ownership and supports the security and integrity of the blockchain network.
How do transactions work in the UTXO model?
In a UTXO-based blockchain, the state of the ledger is represented by a set of UTXOs, which are indivisible units of cryptocurrency that can be spent in future transactions. Each UTXO is associated with a specific owner's public key, and these UTXOs can only be spent by providing a valid signature corresponding to that public key.
The UTXO (Unspent Transaction Output) model plays a crucial role in Bitcoin and other UTXO-based cryptocurrencies. It accurately tracks changes in token ownership and supports the security and integrity of the blockchain network.
How do transactions work in the UTXO model?
In a UTXO-based blockchain, the state of the ledger is represented by a set of UTXOs, which are indivisible units of cryptocurrency that can be spent in future transactions. Each UTXO is associated with a specific owner's public key, and these UTXOs can only be spent by providing a valid signature corresponding to that public key.
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CKCON 2024 Chiang Mai: Collaborating with Global Communities to Explore Blockchain Innovation under the Spirit of Bitcoin
#Nervos Foundation will hold the Common Knowledge Conference (CKCON) on November 9 in Chiang Mai, Thailand. CKCON is not just a simple ecological gathering, but represents an event that upholds the ideals of cypherpunk and the P2P spirit of Bitcoin, exploring the prospects of blockchain development.
At a critical time for the development of the blockchain industry, #CKCON will engage in in-depth discussions around important topics such as the Lightning Network, payment channels, P2P economy, and UTXO model. Amid the industry's general pursuit of proof of stake and account models, compromising on security and decentralization, Nervos CKB consistently adheres to Bitcoin's native solutions, proposing the RGB++ protocol to extend Bitcoin's programmability and scalability, developing the Fiber Network to enhance existing Lightning Network support for various digital assets, and promoting crypto payments and P2P economy; these unique choices are gradually gaining industry recognition.
At a critical time for the development of the blockchain industry, #CKCON will engage in in-depth discussions around important topics such as the Lightning Network, payment channels, P2P economy, and UTXO model. Amid the industry's general pursuit of proof of stake and account models, compromising on security and decentralization, Nervos CKB consistently adheres to Bitcoin's native solutions, proposing the RGB++ protocol to extend Bitcoin's programmability and scalability, developing the Fiber Network to enhance existing Lightning Network support for various digital assets, and promoting crypto payments and P2P economy; these unique choices are gradually gaining industry recognition.
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Live broadcast reviewļ½How to create a wallet experience beyond Web2: Introduction and prospects of JoyID Wallet
On April 5, JoyID founder and CEO Cipher shared the JoyID Wallet product and its principles in a live broadcast on the Denglian community, and also looked forward to the future development of wallets in the Web3 field.
The following is a summary of the content compiled by Byte Jun based on the live video:
Will wallet innovation be the next push for blockchain?
We can see 3 status quos:
1. More and more capital and developers have entered Web3. It is generally believed that Web3 is still an important narrative. Although it has been stolen by AI recently, capital and developers are still willing to come in.
The following is a summary of the content compiled by Byte Jun based on the live video:
Will wallet innovation be the next push for blockchain?
We can see 3 status quos:
1. More and more capital and developers have entered Web3. It is generally believed that Web3 is still an important narrative. Although it has been stolen by AI recently, capital and developers are still willing to come in.
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š„ Messari releases CKB in-depth research reportš
šMessari Crypto, the world's top analysis agency, released an in-depth research report to comprehensively analyze how #Nervos #CKB breaks through the programmability and scalability limitations of Bitcoin!
#Messari thinks
ā CKB significantly improves the programming limitations of Bitcoin through its unique #UTXO expansion model (Cell Model) and custom virtual machine (CKB-VM)
ā The RGB++ protocol brings an unprecedented smart contract execution environment and asset issuance capabilities to Bitcoin, greatly expanding the utility of Bitcoin and making it the execution and data availability layer of Bitcoin.
ā The research report also mentioned the potential of projects such as ļæ„UTXO Stack and CKB Lightning Network to improve Bitcoinās scalability.
š The research report mentioned that since the RGB++ protocol mainnet was launched in April 2024, the number of projects that issue assets on Bitcoin based on this protocol has surged, and CKBās on-chain transaction activities have also grown rapidly, with new addresses in April The number is close to 400,000, a month-on-month increase of 181%.
šThe research report pointed out that in the competition for the #ęÆē¹åø L2 solution, CKB brought new possibilities to the Bitcoin ecosystem by natively expanding its functions on the basis of respecting the original spirit of Bitcoin.
š” As the ecosystem continues to mature and more innovative projects are added, CKB will become a key pillar in the Bitcoin ecosystem and contribute new impetus to the development of global blockchain technology.
šRead Chinese version: Messari ē ę„ļ¼ę·±åŗ¦č§£ę Nervos Networkļ¼CKBļ¼
šMessari Crypto, the world's top analysis agency, released an in-depth research report to comprehensively analyze how #Nervos #CKB breaks through the programmability and scalability limitations of Bitcoin!
#Messari thinks
ā CKB significantly improves the programming limitations of Bitcoin through its unique #UTXO expansion model (Cell Model) and custom virtual machine (CKB-VM)
ā The RGB++ protocol brings an unprecedented smart contract execution environment and asset issuance capabilities to Bitcoin, greatly expanding the utility of Bitcoin and making it the execution and data availability layer of Bitcoin.
ā The research report also mentioned the potential of projects such as ļæ„UTXO Stack and CKB Lightning Network to improve Bitcoinās scalability.
š The research report mentioned that since the RGB++ protocol mainnet was launched in April 2024, the number of projects that issue assets on Bitcoin based on this protocol has surged, and CKBās on-chain transaction activities have also grown rapidly, with new addresses in April The number is close to 400,000, a month-on-month increase of 181%.
šThe research report pointed out that in the competition for the #ęÆē¹åø L2 solution, CKB brought new possibilities to the Bitcoin ecosystem by natively expanding its functions on the basis of respecting the original spirit of Bitcoin.
š” As the ecosystem continues to mature and more innovative projects are added, CKB will become a key pillar in the Bitcoin ecosystem and contribute new impetus to the development of global blockchain technology.
šRead Chinese version: Messari ē ę„ļ¼ę·±åŗ¦č§£ę Nervos Networkļ¼CKBļ¼
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Messari Research Report: In-depth Analysis of Nervos Network (CKB)
This article is a Chinese translation of the English report "Understanding Nervos Network (CKB): A Comprehensive Overview" written by Messari. This translation is for reference only and has no legal effect. In case of any ambiguity, please refer to the original English text. We have made every effort to ensure the accuracy of the translation, but we are not responsible for any errors or omissions that may be caused by the translation. All rights in this report (including but not limited to copyright, trademark rights and other intellectual property rights) belong to Messari. The publication of this Chinese translation has been authorized by Messari. When reading, using or disseminating this translation, please abide by the same terms of use and restrictions as the original English version.
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Nervos CKB Appears at Binance Blockchain Week Dubai 2024, Focusing on the Expansion and Innovation of Bitcoin and the Lightning Network
The globally anticipated #BinanceBlockchainWeek will be grandly held at the Coca-Cola Arena in Dubai from October 30 to 31. This conference will have 'Momentum' as its theme, gathering global blockchain industry leaders and innovators to discuss revolutionary changes and future prospects in the crypto industry. As core builders of the Bitcoin ecosystem, #Nervos #CKB will make a significant appearance, showcasing its groundbreaking underlying blockchain technology and Web3 applications, and deeply analyzing innovative solutions in hot areas such as decentralized finance (DeFi), Bitcoin Layer 2, the Lightning Network, and Bitcoin finance (BTCFi).
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CKB and Bitcoin Magazine will co-host the Hong Kong Blockchain Carnival Bitcoin Forum on April 9
On April 9, Nervos $CKB and #BitcoinMagazine will serve as Co-Organizers and work with the organizers of the 2024 Hong Kong #Web3 Carnival at the main venue (morning) and branch venue three (afternoon ) held a themed forum on "Bitcoin Technology Development and Ecological Construction", inviting global industry elites to discuss the development status and future trends of Bitcoin ecology and crypto assets.
In recent years, Bitcoin has continued to gain global attention, reaching unprecedented heights following the approval of a Bitcoin ETF. Hong Kong, as an international financial center, also followed suit and filed an application for Bitcoin ETF trading in Hong Kong. The "Bitcoin Technology Development and Ecological Construction" forum held in Hong Kong will not only help promote the development of the crypto asset field in Hong Kong and even Asia, but will also provide a platform for exchange and cooperation for practitioners around the world. The forum will focus on the latest progress of Bitcoin technology, successful cases of ecological construction and future development trends, bringing the most cutting-edge industry trends and in-depth thinking to participants.
In recent years, Bitcoin has continued to gain global attention, reaching unprecedented heights following the approval of a Bitcoin ETF. Hong Kong, as an international financial center, also followed suit and filed an application for Bitcoin ETF trading in Hong Kong. The "Bitcoin Technology Development and Ecological Construction" forum held in Hong Kong will not only help promote the development of the crypto asset field in Hong Kong and even Asia, but will also provide a platform for exchange and cooperation for practitioners around the world. The forum will focus on the latest progress of Bitcoin technology, successful cases of ecological construction and future development trends, bringing the most cutting-edge industry trends and in-depth thinking to participants.
$CKB (Nervos Network)
š Current Price: $0.007149
š 24H Change: +18.38%
š Analysis: Nervos Network focuses on blockchain interoperability. The recent price spike could be driven by network upgrades or increased adoption.
š Strategy:
A steady 18% gain signals strong momentum. Look for consolidation before making an entry.
If you're holding, consider a partial exit to secure profits.
š„ Pro Tip: Keep an eye on Nervosā Layer 2 developments and integrations. Long-term potential is promising.
š #CKB #Nervos #Blockchain
š Current Price: $0.007149
š 24H Change: +18.38%
š Analysis: Nervos Network focuses on blockchain interoperability. The recent price spike could be driven by network upgrades or increased adoption.
š Strategy:
A steady 18% gain signals strong momentum. Look for consolidation before making an entry.
If you're holding, consider a partial exit to secure profits.
š„ Pro Tip: Keep an eye on Nervosā Layer 2 developments and integrations. Long-term potential is promising.
š #CKB #Nervos #Blockchain
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The computing power of CKBās entire network reaches a new high. Understand the basic knowledge of CKB mining in one article
According to data from $CKB browser, #Nervos CKBās entire network computing power has exceeded 200 PH/s, setting a record high.
For blockchains that adopt the #PoW consensus mechanism, the higher the computing power of the entire network, the greater the difficulty of launching a 51% attack. That is, the higher the computing power, the more secure the network.
In todayās article, Byte will briefly introduce to you the relevant knowledge of CKB mining. It should be noted that the legality of mining behavior varies depending on the national conditions of each country, and mining income will be affected by a variety of factors. The main purpose of this article is to popularize science and does not constitute any investment advice.
For blockchains that adopt the #PoW consensus mechanism, the higher the computing power of the entire network, the greater the difficulty of launching a 51% attack. That is, the higher the computing power, the more secure the network.
In todayās article, Byte will briefly introduce to you the relevant knowledge of CKB mining. It should be noted that the legality of mining behavior varies depending on the national conditions of each country, and mining income will be affected by a variety of factors. The main purpose of this article is to popularize science and does not constitute any investment advice.
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Bitcoin L2 Hundred Regiments War, Why is CKB so exciting?
At the beginning of last year, the birth of the #ęÆē¹åøē½ē» Ordinals protocol broke the downturn of the bear market. Like a fire in winter, it ignited the Bitcoin ecosystem that had been tepid and not many people paid attention to. From Ordinals to BRC-20 to Atomics, a series of innovative inscription protocols and asset standards continue to inject new vitality into the Bitcoin ecosystem.
The popularity of inscription assets such as ORDI and SATS has not only pushed Bitcoin inscription to an unprecedented craze, but also marked the beginning of a new era. Before this, the Ethereum ecosystem was the dominant one. After Bitcoin Inscription became popular, more and more users, developers and funds began to pay attention to and participate in the Bitcoin ecosystem. One of the most obvious signs of this change is the emergence of many Bitcoin side chains and Layer 2 projects. At present, there are more than 34 projects on the market that have publicly announced that they will be Layer 2 of Bitcoin, many of which have completed huge financing. If you include those that have not yet been made public, it is expected that more than 100 will participate in the competition.
The popularity of inscription assets such as ORDI and SATS has not only pushed Bitcoin inscription to an unprecedented craze, but also marked the beginning of a new era. Before this, the Ethereum ecosystem was the dominant one. After Bitcoin Inscription became popular, more and more users, developers and funds began to pay attention to and participate in the Bitcoin ecosystem. One of the most obvious signs of this change is the emergence of many Bitcoin side chains and Layer 2 projects. At present, there are more than 34 projects on the market that have publicly announced that they will be Layer 2 of Bitcoin, many of which have completed huge financing. If you include those that have not yet been made public, it is expected that more than 100 will participate in the competition.
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Nervos Ecosystem Fund launches the "BTCKB" plan to promote CKB to become the first BTC L2 based on "PoW + UTXO"
#Nervos Ecological Fund announced the launch of the "#BTCKB " plan to connect #BTC and #CKB . CKB has become the first Bitcoin Layer 2 that is completely isomorphic with BTC (based on "PoW+UTXO"), empowering BTC Layer 1 with more powerful smart contract capabilities. assets. As part of the plan, the Nervos Ecological Fund announced the incubation of blockchain software company CELL Studio, founded by Nervos co-founder Cipher Wang. Just like Consensys is to Ethereum, CELLās mission is to promote the development and prosperity of the Nervos ecosystem.
CELL has launched the next-generation mobile Web3 Passkey wallet JoyID, and will gradually launch a two-way anchor bridge and UTXO-based DEX designed to connect BTC and CKB, and plans to develop CKB second-layer lightning network to connect to the BTC lightning network to realize BTC Layer 1 assets can flow in both directions in a censorship-resistant, permissionless, and trustless manner. In addition, based on the atomicity and smart contract capabilities of the CKB enhanced UTXO model, CELL will promote the integration of CKB and empower one-layer protocols such as Taproot Assets and RGB.
CELL has launched the next-generation mobile Web3 Passkey wallet JoyID, and will gradually launch a two-way anchor bridge and UTXO-based DEX designed to connect BTC and CKB, and plans to develop CKB second-layer lightning network to connect to the BTC lightning network to realize BTC Layer 1 assets can flow in both directions in a censorship-resistant, permissionless, and trustless manner. In addition, based on the atomicity and smart contract capabilities of the CKB enhanced UTXO model, CELL will promote the integration of CKB and empower one-layer protocols such as Taproot Assets and RGB.
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Why: BTC mainnet is the leader in crypto asset issuance, RGB++ Layer is the leader in BTC ecosystem protocols, and CKB is the leader in BTC ecosystem tokens.
#BTC is the strongest consensus asset. If the protocol cannot support BTCFi, it will lose its core competitiveness.
BTC native technologies such as RGB++ Layer isomorphic binding and bridgeless cross-chain have been recognized by Binance Research. While having Turing-complete programmability, they also have the advantages of high privacy, transaction efficiency, security, and anti-censorship.
RGB++ Layer has a full set of Defi facilities including DeFi AppChain, asset issuance IBO, stablecoin, Dex, ccBTC, etc. RGB++ Layer is currently the only protocol that can support BTCFi.CKB is the decentralized indexer, smart contract engine and DA layer of RGB++ Layer. The issuance of RGB++ assets naturally pledges CKB, and CKB can capture the value of BTCFi. Since the upgrade of RGB++ Layer, the Unique Address of CKB main network has increased by about 70,000, the coin age has increased by about 40% within 1 week, and the Hash Rate has increased by about 8.6%.
BTC native technologies such as RGB++ Layer isomorphic binding and bridgeless cross-chain have been recognized by Binance Research. While having Turing-complete programmability, they also have the advantages of high privacy, transaction efficiency, security, and anti-censorship.
RGB++ Layer has a full set of Defi facilities including DeFi AppChain, asset issuance IBO, stablecoin, Dex, ccBTC, etc. RGB++ Layer is currently the only protocol that can support BTCFi.CKB is the decentralized indexer, smart contract engine and DA layer of RGB++ Layer. The issuance of RGB++ assets naturally pledges CKB, and CKB can capture the value of BTCFi. Since the upgrade of RGB++ Layer, the Unique Address of CKB main network has increased by about 70,000, the coin age has increased by about 40% within 1 week, and the Hash Rate has increased by about 8.6%.
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Ten times in 3 days, what is the DOB protocol of the CKB community in FOMO?
Last Friday, JoyID Wallet officially released the first Spore DOB Marketplace based on the UTXO order book trading model, and has opened the transaction of the first #DOB asset - #UnicornBox .
DOB (Digital Object) is an encrypted asset issued through Spore, the digital object creation protocol on the CKB blockchain. The Spore protocol is not exactly the NFT protocol that many people are familiar with, because the DOB generated by the Spore protocol is not only tamper-proof and completely stored on the chain, but also establishes an inherent connection between content and value. Specifically, generating DOB requires obtaining CKB tokens as "raw materials". The amount of CKB minted determines the size of the DOB's on-chain storage space, and destroying DOB can retrieve the occupied CKB. This mechanism ensures that holding Spore DOB is equivalent to occupying CKB, thereby reducing the circulation of CKB within the ecosystem, which will have a positive impact on the secondary market of CKB - as more CKB is occupied, their value is expected to increase . This establishes a healthy symbiotic relationship between the creators and holders of Spore DOB, and the CKB ecosystem as a whole.
DOB (Digital Object) is an encrypted asset issued through Spore, the digital object creation protocol on the CKB blockchain. The Spore protocol is not exactly the NFT protocol that many people are familiar with, because the DOB generated by the Spore protocol is not only tamper-proof and completely stored on the chain, but also establishes an inherent connection between content and value. Specifically, generating DOB requires obtaining CKB tokens as "raw materials". The amount of CKB minted determines the size of the DOB's on-chain storage space, and destroying DOB can retrieve the occupied CKB. This mechanism ensures that holding Spore DOB is equivalent to occupying CKB, thereby reducing the circulation of CKB within the ecosystem, which will have a positive impact on the secondary market of CKB - as more CKB is occupied, their value is expected to increase . This establishes a healthy symbiotic relationship between the creators and holders of Spore DOB, and the CKB ecosystem as a whole.
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#nervos $CKB It can be observed that the current daily and weekly lines are at the starting stage of a wave of market trends. From a spot perspective, it is a good entry opportunity. If the overall performance of the encryption market is stable and upward in the future, CKB is worth paying attention to.
#ckb#BullishMindset
after a big hike and drop..it's right time to buy ckb for a substantial gain..go now, buy, wait and see the rise again soon..now or never
#nervos #CKBCoin #bitcoinhalving
after a big hike and drop..it's right time to buy ckb for a substantial gain..go now, buy, wait and see the rise again soon..now or never
#nervos #CKBCoin #bitcoinhalving
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šØ CKB (Nervos Network): Crypto Explodes After Listing on Upbit! šØ
CKB crypto has seen a significant surge after its listing on the Korean exchange Upbit on September 13, 2024. CKB's price has soared by 18% to 51%, supported by a 589% increase in trading volume, reaching $119 million. This listing has positioned CKB among the top 100 cryptos by market capć25ā sourcećć26ā sourceć.
š¹ Technical Analysis and Forecast:
- RSI: CKB's RSI indicator is around 69, suggesting that the asset is in the overbought zone, but could continue its bullish trend.
- Moving Averages: The price has broken the resistance at 0.01384$ and is holding above the 50-day and 200-day moving averages, forming a golden cross. If the trend continues, CKB could reach 0.02$ or higher in the near future.
š Past Performance: Since September 2023, the price of CKB has surged by 301%, outperforming many other cryptocurrencies.
With this positive momentum and the rise of projects on Nervos Network, CKB is a crypto to watch closely!
#CKB #Nervos #CryptoAnalysis #priceprediction #BinanceSquareTalks
CKB crypto has seen a significant surge after its listing on the Korean exchange Upbit on September 13, 2024. CKB's price has soared by 18% to 51%, supported by a 589% increase in trading volume, reaching $119 million. This listing has positioned CKB among the top 100 cryptos by market capć25ā sourcećć26ā sourceć.
š¹ Technical Analysis and Forecast:
- RSI: CKB's RSI indicator is around 69, suggesting that the asset is in the overbought zone, but could continue its bullish trend.
- Moving Averages: The price has broken the resistance at 0.01384$ and is holding above the 50-day and 200-day moving averages, forming a golden cross. If the trend continues, CKB could reach 0.02$ or higher in the near future.
š Past Performance: Since September 2023, the price of CKB has surged by 301%, outperforming many other cryptocurrencies.
With this positive momentum and the rise of projects on Nervos Network, CKB is a crypto to watch closely!
#CKB #Nervos #CryptoAnalysis #priceprediction #BinanceSquareTalks
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