AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Highlights
- The Nervos Network is an opensource blockchain ecosystem which has been on a high off late.
- According to CoinMarketCap, the CKB is trading at US $0.013326 with a 24-hour trading volume of US $29,416,551
The Nervos Network is an opensource blockchain ecosystem which has been on a high off late. It has had a good run the market, especially with the Altcoin boom and is considered to be one of the strongest tokens to invest. It is governed by its native token CKB, and it allows the crypto asset to be stored with the security and immutability. Being permissionless, it enables smart contracts and layer 2 scaling and aims to capture the total network value through its store value.
The investors can hop on to the bullish run that the token has witnessed of late and with a foundation for a universal internet-like public network, it can help investors to expand their crypto portfolios. Being decentralised in nature, investing in Nervos is like investing in next step in blockchain evolution.
Also read: 5 best crypto debit cards available in UK
Why is CKB crypto unique?
The CKB token acts an effective inflation hedge and allows the investors to make sure that they can minimise the risk of losing money in a bearish market. Besides, users can mine the token and earn sustainable incentives in the process. With the store of the value, the users can lock their token for the long run and tokens never get diluted beyond a fixed cap. This ensures that the liquidity is maintained in the long run and ensures that there are enough buyers and sellers in the market.
Is CKB a good investment?
CKB is ranked 4265 on CoinMarketCap. According to CoinMarketCap, the CKB is trading at US $0.013326 with a 24-hour trading volume of US $29,416,551. At the time of writing (BST 12:00 pm), CKB was up by 1.45% in the last 24 hours. CKB currently has a live market cap of US $374,071,680 with a maximum supply of 28,071,411,996 CKB coins.
Also read: Should UK investors go for HNT token?
According to Wallet Investors, CKB is one of the profitable investments, which crypto enthusiasts can consider. Not only it has a bullish trend, if one invests US$100 in Nervos Network then one can expect returns to be around +348.25% in the next five years. In fact, this year’s prediction itself is pretty bullish with experts predicting the price to reach US $0.0226 by the end of this year itself.
Conclusion
With the recent announcement of Nervos network integrating both its testnet and mainnet with Covalent, it would well be providing a platform for it to take on and expand itself. With it running on Ethereum Virtual Machine (EVM) along with its compatibility with Nervos CKB it would make the data highly reliable and quantifiable.
