The Nervos Network price has surged 17% in the last 24 hours to trade at $0.01841 as of 3:25 a.m. EST, fueled by a 351% pump in trading volume to $678 million.
This CBK price pump has contribute to its 113% surge over the past week, fueled by its recent listing on the Upbit crypto exchange.
The daily price surge made CBK the top gainer among the top 100 cryptocurrencies by market capitalization, according to CoinMarketCap.
신규 디지털 자산 너보스(CKB) 거래지원 안내
✅ 지원 마켓: KRW, BTC, USDT 마켓
📅 거래지원 개시 시점: 2024-09-13 17:00 예정
🔗 공지 바로가기:https://t.co/Zys7A2zGTj#Upbit #CKB pic.twitter.com/8oxTc7g319
— Upbit Korea (@Official_Upbit) September 13, 2024
Nervos Network is a proof-of-work layer-2 project that aims to improve Bitcoin by adding programmability and scalability through the RGB++ protocol.
Similar to what Stacks does for Bitcoin, Nervos aims to provide enhanced functionality for Bitcoin, similar to how layer-2 networks like Arbitrum, Polygon, and Base support Ethereum.
Some dApps within the Nervous ecosystem include JoyID, a passwordless wallet; Huehub, the first order book exchange; and Omiga, an inscription protocol.
Nervos Network Price Spikes Within The Bullish Channel
The CKB/USD price action displays a clear uptrend for on a 4-hour timeframe, currently trading at $0.01813 within a well-defined bullish channel. This channel illustrates consistent upward price movement, with strong support identified near the $0.01500 level, aligning with the lower boundary of the channel. This support level may act as a cushion in the event of a short-term price pullback.
CBKUSD Analysis Source Dextools.io
The 50 simple moving average (SMA) at $0.01311, offers immediate support, while the 200-SMA, located lower at $0.00960, indicates that the price has been riding strong upward momentum over the short to mid-term.
Additionally, a consolidation zone at $0.00864, where the price previously moves sideways before the recent breakout, indicates that this range serves as a key base for the current rally.
The Moving Average Convergence Divergence (MACD ) indicator is in bullish territory, with the MACD line (blue) above the signal line (orange), signifying continued upward momentum. The growing green histogram bars further indicate increasing buying pressure for the Nervos Network price.
Meanwhile, the Relative Strength Index (RSI) is trading at 67.29, approaching the overbought threshold of 70, which could signal potential caution for traders, as this level usually indicates that the asset may face resistance in the near term.
Nervos Network Price May Continue The Uptrend
The technical indicators show strong bullish momentum, with the potential for further upside as long as the price remains within the bullish channel. If the price continues to rise, it may break beyond the current level of $0.01813.
Despite the bullish outlook, the RSI suggests that the market is nearing overbought conditions, so monitoring this level is crucial for short-term trading strategies. Any retracement could find support at the $0.01500 mark or the 50-SMA at $0.01311.
Crypto All-Stars ICO Storms Towards $1.5 Million: Next Crypto To Explode?
As the Nervos network price continues its bullish rally, investors are pumping cash into the Crypto All-Stars (STARS) presale, which has raced past $1.3 million in funds raised.
According to ClayBro, a well-known crypto analyst on YouTube with over 130K subscribers, $STARS could see substantial gains after launch.
Crypto All-Stars is set to transform the meme coin landscape with its innovative unified staking protocol. This means that soon investors will be able to combine their meme coins into a single staking system and earn rewards in the platform’s native token, $STARS.
This will be achieved through the MemeVault protocol, the first-ever multi-chain, multi-token staking program utilizing the ERC-1155 standard.
At launch, MemeVault will support 11 meme coins, including Dogecoin, Shiba Inu, Floki Inu, Pepe, Brett, Milady Meme Coin, Turbo, Mog Coin, Toshi, Coq Inu, and Bonk, providing holders with an opportunity to earn attractive passive income.
Additionally, Crypto All-Stars has enabled users to purchase $STARS during the presale using these meme coins.
Crypto All-Stars plans to integrate with big names like $Pepe, #Dogecoin, and #ShibaInu . 🔗
This cross-pollination could skyrocket the platform's visibility and adoption!
— web3telepath (@web3telepath) August 15, 2024
Crypto All-Stars also offers staking for its native token, $STARS, with a staggering annual percentage yield (APY) of 1,119%. Over 637 million $STARS tokens are staked already.
$STARS is priced currently at $0.0014477. With a price increase set to occur in less than 22 hours, now is the time to secure the best rate.
Buy $STARS directly from the project’s official website here using ETH, BNB, or credit cards.
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