In this post, we will concentrate on the Nervos Network price prediction to understand whether CKB is a good investment or not?
It is easy to get lost in the cryptocurrency market. There are more than 8600 cryptocurrencies and while the majority of them are shitcoins, a lot of them are high-performing digital assets that are neglected. One of the reasons for anonymity as a worthwhile asset is that these coins don’t make it to the news very often and rarely make headlines. However, they are hidden gems, meaning that only a very limited part of the investing cryptocurrency community is aware of them. However, if you know and invest in them properly, they can make you extremely happy and rich in the coming years. That is why you should learn more about their fundamentals and the team working on the projects to stand out better in this highly competitive market.
In this article, we will analyze the past prices of Nervos Network (CKB) and learn what experts are saying about its future price movement. Then, if you are looking for Nervos Network price predictions in the coming years and want to know more about this project, continue reading this article.
What is Nervos Network?
The Nervos Network is an open-source, multi-asset, public Blockchain platform and a collection of protocols. It designed to solve some challenges faced by older blockchains like Bitcoin and Ethereum. The Nervos CKB (Common Knowledge Base) is the layer 1, proof of work public blockchain that allows any crypto-asset to store with the security, immutability, and decentralized nature of Bitcoin. Also, the Nervos Network was built for supporting crypto growth.
The Nervos Network has two layers. layer 1(CKB) and Layer 2. Layer 1 (Common Knowledge Base, or a verification layer) focuses on decentralization, security, and privacy, while layer 2 (or generation layer) provides functionality, scalability, and performance. Layer 2 is vital in achieving immediate transactions for millions of users. However, layer 2 and layer 1 are simultaneously interoperable with each other. This distinct layered architecture of the Nervos Network provides developers and enterprises the opportunity to develop and launch new products and services on the Nervos blockchain. The best part is that they don’t need to sacrifice security, and decentralization in search of higher speed and more scalability.
The Nervos Network (CKB) is based on the Proof of Work Consensus algorithm (known as NC-MAX). With the innovation of Satoshi Nakamoto, the NC-MAX will increase TPS and, at the same time, reduce the transaction approval time without compromising security. The project aims to fix the scalability, decentralization, and security of the Bitcoin Blockchain network. It is designed to provide scalability without loss of security with the support of on-chain and off-chain computation.
Nervos Network uses a native coin called CKB. CKB is a cryptocurrency that can be used as a secure store of value, like Bitcoin. It can also be a value coin behind Smart Contracts, like ETH. The unique crypto-economic design makes it an ideal use case for the store of value and capturing the total value of the network to increase security and align the interests of users, cloud miner websites, developers, and node operators.
Nervos Network can be mined using special mining software. Besides crypto cloud mining, you can purchase the coin from exchanges such as Binance, Huobi Global, or Bittrex. Note that you cannot buy all cryptocurrencies, including CKB, with U.S. dollars. However, once you purchase Bitcoin, you can then transfer your Bitcoin to an exchange such as Binance to purchase Nervos Network. Furthermore, you can keep your CKB safe on either software or even hardware wallets. The neuron is the Nervos Network’s native wallet. However, Ledger and imToken are other secure and trusted digital wallets that offer support for storing CKB.
Nervos Network Team
Nervos Network is headquartered in Hangzhou, Zhejiang province. It was developed by a team of experts from various fields within the cryptocurrency realm. Nervos Network’s team includes former contributors to Bitcoin and Ethereum’s core protocols. There are over 80 developers on the Nervos Network team, with 60 core developers among them.
Additionally, Nervos has Jan Xie (founder of Cryptape and former core researcher and developer at the Ethereum Foundation), Cipher Wang (former Chief Product Officer at Cryptape), Ian Yang (former CTO at Hooya Game), and more on the research and engineering front. Ben Morris is also the Director of Business Development and Growth, Jessie Chan as the head of people operations, Shawn Sabeti as the head of marketing, and Echo Qi as the Lead Designer.
Nervos Network Price History in 2021
Source: CoinMarketCap (Nervous Network Price History)
Nervos Network was launched in 2018, and then it hosted a private sale. Through a token sale to power the community-driven research process and development of the Nervos Network in 2019, Nervos managed to raise $72 million. Many institutions participated in the sale, including CMB International (or the China Merchants Bank International), Polychain Capital, Blockchain Capital, Hashkey, MultiCoin, Distributed Global, Sequoia, Cryptape, Huobi Global, and many more.
According to CoinMarketCap, The CKB was listed on CMC with the price of $0.0089 in November 2019. Nervos Network had an all-time high of $0.041838 in March 2021. Currently, The Nervos Network price for October 22, 2021, is $0.0201303. The key support levels for Nervos Network are $ 0.016780, $ 0.015068, and $0.013664. Moreover, the critical resistance price levels are $0.021299, and $0.023011. Price breaks from this level could indicate higher volatility in the coming days.
Nervos Network Price Predictions in 2021 and Onwards
Need not to mention that predicting anything is completely challenging, particularly predicting the future price of a volatile crypto asset like Nervos. Then you had better take these and any other predictions with a grain of salt. However, we will do our best to provide the most recent and reliable price predictions concerning this cryptocurrency. Let’s start.
WalletInvestor Nervos Network Price Prediction
According to the WalletInvestor forecast system, CKB is a very profitable long-term (1-year) investment. Then, if you are looking for virtual currencies with good returns, CKB can be a profitable investment option. Nervos Network price is $0.0192 on October 19, 2021. Based on their forecasts, a long-term increase is expected. The Nervos Network price prediction for October 2026 is $0.06089. Therefore, with a five-year investment, the revenue is expected to be around +217.14%. As such, your current $100 investment may be up to $317.14 in 2026.
Short-term Nervos Network Price Prediction
Long-term Nervos Network Price Prediction
WalletInvestor thinks that the Nervos Network price can go up from $0.0195 to $0.0254 in one year. It means that the long-term earning potential is +30.39% in one year. Accordingly, the Nervos Network (CKB) future price will be $0.06089 in 2026. This Nervos price prediction implies that there will be a positive trend in the future and the CKB is good for investing for making money. Since this virtual currency has a positive outlook, they recommend it as part of your investment portfolio.
TradingBeasts Nervos Network Price Prediction
TradingBeasts provides accurate price predictions for a wide range of digital coins like Nervos Network. They update their predictions daily, working with historical data and using a combination of linear and polynomial regressions. Accordingly, they predict that the Nervos Network price prediction will reach $0.0269064 by the beginning of November 2021. The expected maximum price is $0.0336331, and the minimum value is $0.0228705. The Nervos Network price prediction for the end of the month is $0.0269064.
The Nervos Network price is forecasted to get $0.0269458 by the beginning of December 2021. The expected maximum price is $0.0336823, and the minimum price is $0.0229040. The Nervos Network price prediction for the end of the year is $0.0269458. Therefore, according to their forecasts, the Nervos Network price is going to increase. Now the Nervos Network price is $0.0202335, but by the end of 2021, the average Nervos Network price is expected to be $0.0253743.
Source: TradingBeasts (Nervos Network Price Prediction for 2021)
The platform thinks that the Nervos Network price will reach $0.0269688 by the beginning of January 2022. The expected maximum price is $0.0337110, and the minimum cost is $0.0229235. The Nervos Network price prediction for the end of the month is $0.0269688. Then, in October 2022, the Nervos Network price is forecasted to be on average $0.0244294. The expected maximum price is $0.0305367, and the minimum value is $0.0207650. They predict a bullish trend for the coin in 2022. As such, by the end of 2022, the average Nervos Network price is expected to be $0.0238479.
DigitalCoinPrice Nervos Network Price Prediction
Nervos Network Price Prediction from 2021-2028
As shown in the graph above, the platform predicts that the Nervos Network price prediction will be $0.0302574762 in 2021. Moreover, the Nervos Network price will reach ($0.0348017731) in 2022, ($0.0389740400) in 2023, ($0.0466322583) in 2024, ($0.0571135338) in 2025, ($0.0651145774) in 2026, ($0.0793935359) in 2027, and eventually ($0.0895237296) in 2028. Then, according to the data derived from the platform, the lowest price of Nervos Network (CKB) in the future will be up to $0.0803712619, and its highest price will be up to $0.0968549592. Therefore, Nervos Network (CKB) prices will increase according to their predicted data. In short, Nervos Network (CKB) is a profitable investment after Bitcoin cloud mining based on forecasting. According to their technical analysis data, the coin reflects a positive future.
Coincodex Nervos Network Price Prediction
According to their technical indicators, the current market sentiment for the Nervos Network (CKB) is Bullish. Nervos Network recorded 17/30 (57%) green days with 10.51% price volatility over the last 30 days. It could be an indication that Nervos Network is an excellent buy in 2021. Moreover, the platform reports that the price of Nervos Network increased by %349.82% within the last year. Based on their Nervos Network price prediction, it is now a good time to buy Nervos Network. Coincodex thinks that the price of Nervos Network will go up by %9.25. And reach $ 0.020974 by October 24, 2021. However, according to them. The price of Nervos Network will decrease by 14.90% and reach $ 0.016337 by November 18, 2021.
Nervos Network Market Sentiment in October 2021
Gov Capital Nervos Network Price Prediction
Historical data show that the Nervos Network has been conducting a rising tendency recently. Their site uses a custom algorithm based on Deep Learning to help users decide if CKB could be a good portfolio addition for the future or not. According to their prediction system, the asset’s future price is predicted at $0.056421549487548 (%210.009) after a year. Nervos Network price prediction means that if you invest $100 now, your current investment may be worth $310.009 on October 19, 2022. This also means that this asset is well suited as a new addition to your portfolio, as trading in bullish markets is always a lot easier.
One year Nervos Network Price Prediction
Long-term Nervos Network Price Prediction
The Nervos Network’s unique layered architecture makes it popular with both users and developers. Because the users encouraged in multiple ways to use the network, developers’ jobs made super easy with layer 2. As long as it stays on track with its plans, we can expect Nervos to continue growing and expanding in the coming years, working towards a powerful and unique blockchain in its usability. Most price predictions also verify this positive future for the coin.
However, Nervos has powerful competitors such as Ethereum, DFINITY, Qtum, R3, Goopal, Lisk, the Conflux Foundation, Forge Platform, ConsenSys, and many more blockchain platforms in the crypto space. Moreover, many factors can determine its future price for better or worse, including announcements, new technological solutions of the Nervos Network projects, the crypto environment in general, legal position, and so on. Therefore, we kindly remind you that before investing in any cryptocurrency, it is crucial to do your research and proceed with caution.