Nervos Network Fundamental Analysis
The Nervos Network is an open-source public blockchain ecosystem and collection of protocols designed to offer a network that could replicate all the advantages of the Internet. It basically recognizes the clear segregation problem caused by the need to access and interact across different networks to develop Internet apps. By providing one blockchain that can be easily built upon and that can reach every other blockchain, Nervos has come up with an excellent solution to some of the challenges faced by major blockchains like Bitcoin and Ethereum. With their motto of the “Universal Passport to Blockchain” they’ve built a platform able to achieve some really interesting features that would easily seem too good to be true if there wasn’t such a talented team of developers behind this exciting project. Just like a STOP sign or a green light are well-understood concepts anywhere around the world, the Nervos Network wants to become the blockchain where common knowledge is stored. That could take many different forms and shapes, with the shared feature that all of it will be secured within a cell-like model that has some wonderful advantages to it. This is probably the reason why their native token is called the Common Knowledge Base or CKByte ($CKB). Not only does the CKByte act as a value token behind smart contracts like Ethereum, but it also serves the purpose of the store of value with a very well-thought reward system to ensure its consistent valuation. This system requires users to hold CKBytes to be able to store assets on the Nervos blockchain, which brings up demand and price for CKB tokens that will later transfer the increase in value to higher mining rewards, which will then incentivize mining and end up in higher network security. Achieving this last step makes more people want to transfer their assets to the Nervos Network, and that just closes the cycle where the token as the store of value is guaranteed.
Nervos Network Live Price Chart
By the end of March 2021, Nervos Network coin’s price reached its all-time high of 0.0419 USD. Despite of the following price fluctuations and a price drop during May 2021’s crypto market fall, CKB price predictions remain generally positive and promise a continuous growth back up to $0.04.
Nervos Network Technical Analysis
Despite the fact that 100% accurate technical analysis for Nervos Network cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated CKB buy-and-sell rating for selected timeframe. The summary for CKB/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.
Nervos Network Price Prediction
Below we have collected the most reliable price projections for Nervos Network (CKB) from popular forecast platforms.
#1. WalletInvestor CKB Price Prediction for 2021 and 2025
According to WalletInvestor, Nervos Network price will grow from $0.01878 to $0.0496 in one year. That makes CKB a awesome investment. The long-term earning potential is 164.11%. Predicted price for the end of 2026 is $0.192.
#2. TradingBeasts CKB Price Prediction for 2021–2022
Answering the question about if Nervos Network is a good investment, TradingBeasts say resounding yes. In the 2021 perspective, this coin price is predicted to reach $0.0211697 with a growth to $0.0253635 by the end of 2022.
#3. DigitalCoin CKB Price Forecast for 2021–2025
In DigitalCoin analysis, the price of Nervos Network cryptocurrency will rise in the next 5 years starting from $0.019 as of today’s price to $0.068. It will go up to $0.031 by 2022 and continue its growth in 2023–2024. Based on the forecast, Nervos Network is profitable long-term investment.
As it can be clear from the analysis cited above, Nervos Network (CKB) projections are rather contradictory. There is no universal consensus either about positive or negative future CKB price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Nervos Network projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
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