{"id":480646,"date":"2024-02-14T16:44:23","date_gmt":"2024-02-14T16:44:23","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=480646"},"modified":"2024-02-14T16:44:23","modified_gmt":"2024-02-14T16:44:23","slug":"nervos-network-price-prediction-ckb-soars-127-on-rgb-launch-as-this-new-green-crypto-ico-blasts-past-1-million","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/nervos-network-price-prediction-ckb-soars-127-on-rgb-launch-as-this-new-green-crypto-ico-blasts-past-1-million","title":{"rendered":"Nervos Network Price Prediction: CKB Soars 127% On RGB++ Launch As This New Green Crypto ICO Blasts Past $1 Million"},"content":{"rendered":"

The Nervos Network price has surged 127% in the last 24 hours to trade at $0.0084 as of 04:55 a.m. EST on trading volume that rose 189% to $358 million.<\/span><\/p>\n

The jump in the CKB price follows the developers’ release of the RGB++ protocol, which is an extension of the original RGB protocol (Really Good Bitcoin) designed to work with Bitcoin. The goal of the RGB++ protocol is to enhance the capabilities of the Bitcoin network by introducing new features and improvements.<\/span><\/p>\n

The RGB protocol itself is a smart contract system that aims to bring advanced functionality to Bitcoin without compromising its security or decentralization. By utilizing the Lightning Network sidechain, RGB++ tackles scalability challenges and offers a range of new possibilities.<\/span><\/p>\n

Nervos Network Price Trends Within The Bullish Pennant<\/span><\/h2>\n
\"Nervos
CKBUSD Chart Analysis Source: Tradingview.com<\/figcaption><\/figure>\n

Since the beginning of this year, the Nervos Network price has been in a consolidation phase, trading around $0.004.<\/span><\/p>\n

Recently, the price has been rallying, marked by the emergence of a markup phase. However, the bulls faced resistance at $0.0095, which paved the way for a slight retrace, with $0.0080 acting as the immediate support zone.<\/span><\/p>\n

The CKB price is trading above both the 50-day and 200-day Simple Moving Averages (SMAs), which confirms the current bullish sentiment.<\/span><\/p>\n

The formation of a moving average (MA) cross at $0.0048 further supports these sentiments, showing that the price may surge even further on the upside. Meanwhile, the Relative Strength Index (RSI) is on a rebound from the 50-midline level at 57. If the bullish momentum sustains, the RSI could enter the 70-overbought threshold.<\/span><\/p>\n

\"CKB
CKB MACDADX<\/figcaption><\/figure>\n

Furthermore, the Moving Average Convergence Divergence (MACD) line (blue) seems to be rebounding from below the signal line (orange), which signals a continued rally for the upside.<\/span><\/p>\n

Additionally, the histogram displays red bars diminishing as they head for the upside, a confirmation of the rally ahead. The Average Directional Index further supports this sentiment, as it is at level 53, which indicates a very strong bullish trend.<\/span><\/p>\n

Nervos Network Price Prediction<\/span><\/h2>\n

The current Nervos Network price short-term analysis is bullishly biased, which suggests that the market is still on bullish momentum. This is further affirmed by the formation of a bullish pennant.<\/span><\/p>\n

The bulls aim to breach the upper boundary of the pennant, aiming to surpass the resistance at $0.0095 to test new resistances at $0.012 and $0.016.<\/span><\/p>\n

However, if the bears carry out a trend reversal, the CKB price may retrace back to $0.0075, acting as the best footing for the price.<\/span><\/p>\n

Meanwhile, as the CKB price soars, eTukTuk is emerging as a compelling crypto ICO right now for investors looking for huge returns.<\/span><\/p>\n

Best Eco-Friendly Crypto To Invest In Trending Crypto Presale<\/span><\/h2>\n

eTukTuk (TUK)<\/span><\/a> is an innovative project leveraging AI, blockchain technology, and the smart coordination of electric vehicles (EVs) and charging stations to transform transportation in developing nations. And it’s just soared past $1 million in funds raised.<\/span><\/p>\n

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1\/ Ready for a game-changer? <\/p>\n

Let's talk about how shifting to renewable energy isn't just crucial for our planet, but it might just pay for itself within six years. 🔄🧵 pic.twitter.com\/TZXK8dse5M<\/a><\/p>\n

— eTukTuk (@eTukTukio) October 6, 2023<\/a><\/p><\/blockquote>\n