🚀 Nervos unlocks 1.34 billion CKB: Opportunity or risk? 💡
Nervos is a blockchain platform that solves scalability issues through a layered architecture: one layer for security and decentralization, and another for scalability. Its native token, CKB, is used for staking, rewards, and fees. On November 16, Nervos Network will unlock 1.34 billion CKB tokens, which is equivalent to 2.99% of the current supply. Information about CKB Nervos Network is an open blockchain platform and a set of open-source protocols designed to support decentralized applications and cryptocurrencies.
Yearn.Finance ($YFI ), one of the most influential tokens in the DeFi ecosystem, has introduced significant updates to its tokenomics model. Now users can lock their $YFI for up to 10 years and receive veYFI in return, incentivizing long-term commitment.
In the market, $YFI has experienced price fluctuations, but recently it has stabilized around $15,000, generating expectations of a possible upward trend. Yearn.Finance continues to stand out in the DeFi sector with innovations and attractive yields for its users, while rumors in the community fuel speculation about the project's future.
Cryptocurrency analyst Javon Marks predicts that the JASMY token will experience an increase of over 1,100% in this bull market, reaching a target price of $0.2785. According to Marks, the altcoin has maintained a sustained bullish pattern, with pullbacks further reinforcing its positive movement. The analyst highlights that JASMY has established itself as one of the best-performing assets among the top 100 tokens by market capitalization, with a long way to go in this cycle.
Bitcoin reaches $100,000 for the first time in history
The price of $BTC surpassed $100,000 on December 5, driven by the election of Donald Trump as president-elect and his decision to appoint a pro-crypto leader at the SEC, along with recent support for the sector from Vladimir Putin. This surge pushed the value higher. The appointment of Paul Atkins as the successor to Gary Gensler, who enforced strict regulations on the sector, marks a significant shift in the U.S. regulatory stance towards cryptocurrencies. Additionally, recent legislative elections reflect greater support for cryptocurrencies in Congress.
Avalanche (AVAX) - 'Etna' Update Scheduled for December 16, 2024
The Avalanche network ($AVAX #AvalancheUpdate ) is set to receive its largest update to date: the 'Etna Upgrade', scheduled for December 16, 2024. This significant event aims to revolutionize the Avalanche ecosystem with key improvements, such as the introduction of dynamic fees and a new warp signature interface, designed to optimize the user experience and enhance the efficiency of the network. Among the highlighted changes is the reduction of the minimum base fee on the C-Chain, a measure that could attract greater activity on the network and expand its adoption. These types of updates often generate significant interest in the market, increasing the utility of AVAX and possibly boosting its value.