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Highlights
- As an open-source blockchain network, Nervos Network allows crypto assets to be stored with high security and immutability.
- On 12 January, it showed signs of life with a rally of 7.22%.
- According to CoinMarketCap, the CKB is trading at US$0.019538 with a 24-hour trading volume of $10,197,712.
As an open-source blockchain network, Nervos Network allows crypto assets to be stored with high security and immutability. As it is permissionless, it allows Layer-2 scaling and aims to capture value of the network.
On Wednesday, Nervos Network managed to climb out of the seven-day slump to regain some of the ground with a brief rally. It showed signs of revival with a rally of 7.22%. The rally comes at the back of news of Binance Smart Chain’s integration of Nervos on its platform.w
Besides, the Pastel’s Sense and Cascade protocols entry into the system has also added to the rally. With Pastel’s partnership, the Nervos Network will be in a better position to offer higher security and reliability options to the developers and users of the NFT ecosystem.
Nervos Network’s unique features
Nervos Network boasts of a bunch of unique features such as inflation hedge, security, and immutability. As an inflation hedge, the investors can reduce the losses by using hedging themselves against the losses in case the market turns bearish. Besides, it also offers store of value design, which brings in the utility factor to its platform.
The CKB token holders can, not only mine the tokens, but also stand a chance to earn passive income through its protocol. The users can make sure that the liquidity is maintained by having the tokens in a locked form. This also ensures that market participants stay on the platform for a larger period.
How is CKB faring today?
According to CoinMarketCap, the CKB is trading at US$0.019538 with a 24-hour trading volume of $10,197,712. At the time of drafting, it was up by 8.30% in past 24 hours. CKB currently has a live market cap of US$573,703,371 with 29,363,692,957 CKB coins in circulation.
Market experts are in fact buoyed by the latest developments and feel that it could help Nervous Network to consolidate further. Several experts are predicting a bullish run around April month as around that time the market might revive from the current bearish phase. Meanwhile, the Twitter world too was abuzz with the development with many CKB followers suggesting that the green run could start as early as February.
The market fluctuations in the next few weeks will decide the next course of action for investors. As of now, the latest developments do look promising for the network. Investors shouldn’t be surprised if the CKB rises on the back of these partnerships.
