CKB Nervos Network is a public blockchain and collection of protocols that aim to solve the scaling limitations facing traditional networks like Bitcoin and Ethereum. Nervos’ blockchain is a layer-1 protocol that uses Proof-of-Work (PoW) consensus and supports smart contract development.
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Nervos’ native token (CKByte or CKB) allows users and developers to claim storage space on the Nervos blockchain in proportion to their holdings.Apart from being used to purchase storage space of cells on Nervos CKB’s base layer, the CKB token also brings flexibility to the entire ecosystem.
What Problems Does Nervos Network (CKB) Solve?
The current state of the market is compartmentalized. There are thousands of networks, all with their unique niches, operating completely alone. Sadly, these networks lack the capability to exchange data in a streamlined manner. The Nervous Network was built to combat one of the largest problems facing the blockchain community today, a lack of interoperability.
Can you trust CKB Nervos Network?
So far from our fundamental analysis video above on CKB, it shows that the current hashrate has reduced when compared to mining difficulty which is good as more miners are likely to join the network on Proof-of-Work and this will most likely affect price especially by 2025, the CKB token has been experiencing some downward price collapse in the current bear market. The product blockchain performance remains strong even in the weak price and bear market.
No crypto token can be trusted 100%, this is why its important to keep refreshing both fundamental and technical analysis to make sure the Team keep to their words over time. But CKB doesn’t look like it is going anywhere any time soon and the next two years(2023 to late 2024) is most likely to experience a more rocky road but by late 2024, CKB Nervos Network will rise again. Let look more into the price below.
Nervos Network is currently trading at the $0.00247 support range which is currently acting as an accumulation on this support. we have some important resistance before $0.006 is hit and these resistances should not be ignored as they are likely to cause some pull backs or cause short term pause or delays.
These resistance includes 0.0028, 0.0033 and 0.0042.
For best benefit CKB investment plan should be for two years till 2025. this will give you the time needed for a stronger capital accumulation on the higher timeframe like the Month. By 2025 CKB is mostly likely to make returns up to 130% to the price of 0.04 with a new ATH of 0.06 price range.
another altcoins that shows strong potential for some good short term pump this Dec to Jan is Cardano ADA and also a good option for 2025 two years investment plan.
From the video analysis, The fundamental analysis of CKB Nervos Network shows the activities and financial metrics of CKB. this shows the future strength of CKB Token.