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Nervos Network (CKB) Price Prediction 2022 — Will CKB Hit $0.05 Soon?

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Nervos Network (Ckb) Price Prediction 2022 — Will Ckb Hit $0.05 Soon?
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  • Bullish CKB price prediction is $0.00536 to $0.02189.
  • Nervos Network (CKB) price might also reach $0.05 soon.
  • Bearish CKB price prediction for 2022 is $0.00282.

In Nervos Network (CKB) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about CKB to analyze the future movement of the cryptocurrency. 

Nervos Network (CKB) Current Market Status

According to CoinGecko, the price of Nervos Network (CKB) is $0.00372019 with a 24-hour trading volume of $2,329,470 at the time of writing. However, CKB has decreased by nearly 8.3% in the last 24 hours. 

Moreover, Nervos Network (CKB) has a circulating supply of 33,340,636,263 CKB. Currently, Nervos Network (CKB) trades in cryptocurrency exchanges such as Binance, KuCoin, Gate.io, Huobi Global and MEXC. 

What is Nervos Network (CKB)?

The Nervos Network is an open-source, multi-protocol public blockchain platform. The tier 1 public blockchain protocol of the Nervos Network is called the Nervos CKB. It supposedly enables smart contracts and layer 2 scaling while enabling any crypto-asset to be kept with the security, immutability, and permission lessness of Bitcoin. Through its store of value crypto-economic design and native token, the CKByte, it seeks to capture the entire network value.

The Nervos Network’s native coin CKB is intended to serve as a secure store of value while also enabling platform functionality. Users pay transaction fees in CKB tokens, which are then used to reward block validators.

Nervos Network (CKB) Price Prediction 2022

Nervos Network (CKB) holds the 205th position on CoinGecko right now. CKB price prediction 2022 is explained below with a daily time frame.

CKB /USDT Ascending Channel Pattern (Source: Tradingview)

The above chart of Nervos Network (CKB) laid out an ascending channel pattern, also known as the rising channel. The upper and lower trend lines that connect the higher highs and higher lows respectively appear to move within a rising slope. This pattern is generally a characteristic of a bullish trend.

Currently, Nervos Network (CKB) is in the range of $0.00408. If the pattern continues, the price of CKB might reach the resistance levels of $0.00586 and $0.00971. If the trend reverses, then the price of CKB may fall to $0.00347 and $0.00278. 

Nervos Network (CKB) Support and Resistance Levels

The chart below shows the support and resistance levels of Nervos Network (CKB).

CKB /USDT Support and Resistance Levels (Source: Tradingview)

From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Nervos Network (CKB).

 
Resistance Level 1
$0.00536
Resistance Level 2 $0.00839
Resistance Level 3 $0.01384
Resistance Level 4 $0.02189
Support Level $0.00282
CKB /USDT Support and Resistance Levels

The charts show that Nervos Network (CKB) has performed a bullish trend over the past month. If this trend continues, CKB might run along with the bulls overtaking its resistance level at $0.02189.

Accordingly, if the investors turn against crypto, the price of Nervos Network (CKB) might plummet to almost $0.00282, a bearish signal.

Nervos Network (CKB) Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of Nervos Network (CKB) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of CKB lies above the cutoff line, indicating strong participants in the current trend.

CKB /USDT RVOL, MA, RSI (Source: Tradingview)

Also, the Moving Average (MA) of Nervos Network (CKB) is shown in the chart above. Notably, the Nervos Network (CKB) price lies below 50 MA (short-term), so it is in a downtrend. Currently, CKB has entered a bearish state. Therefore, there is a possibility of a reversal trend of CKB at any time.

Meanwhile, the relative strength index (RSI) of the CKB is 51.81. This means that Nervos Network (CKB) is in an overbought state. However, this means a major price reversal of CKB may occur in the upcoming days. So, traders need to trade carefully. 

Nervos Network (CKB) Price Prediction 2022 — ADX, RVI

Let us now look at the Average Directional Index (ADX) of Nervos Network (CKB). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

Nervos Network Ckb Price Prediction 2022 — Will Ckb Hit
CKB /USDT ADX, RVI (Source: Tradingview)

The above chart represents the ADX of Nervos Network (CKB). Currently, the ADX of CKB lies in the range of 26.7959 and thus, it indicates a strong trend. 

The above chart also represents the Relative Volatility Index (RVI) of Nervos Network (CKB). RVI measures the constant deviation of price changes over a period of time. The RVI of CKB lies below 50, indicating low volatility. In fact, the RSI of Nervos Network (CKB) is at 51.81 thus confirming a potential sell signal.

Comparison of CKB with BTC, ETH

The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and Nervos Network (CKB).

BTC Vs ETH Vs CKB  Price Comparison (Source: Tradingview)

From the above chart, it can be interpreted that ETH, BTC, and CKB are moving in a similar trend. This indicates that when the price of BTC increases or decreases, the price of ETH and CKB also increase or decrease respectively.

Nervos Network (CKB) Price Prediction 2023

If the declining price action completely slows down in momentum and the trend reverses,  Nervos Network (CKB) might probably attain $0.07 by 2023.

Nervos Network (CKB) Price Prediction 2024

With several upgrades in the network, Nervos Network (CKB) might enter a bullish trajectory. If the coin grabs the attention of major investors, CKB might rally to hit $0.09 by 2024. 

Nervos Network (CKB) Price Prediction 2025

If Nervos Network (CKB) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, CKB would rally to hit $0.1. 

Nervos Network (CKB) Price Prediction 2026

If Nervos Network (CKB) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, CKB would rally to hit $0.3. 

Nervos Network (CKB) Price Prediction 2027

If Nervos Network (CKB) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, CKB would rally to hit $0.5.

Nervos Network (CKB) Price Prediction 2028

If Nervos Network (CKB) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, CKB would hit $0.7 in 2028.

Nervos Network (CKB) Price Prediction 2029

If investors flock in and continue to place their bets on Nervos Network (CKB), it would witness major spikes. CKB might hit $0.9 by 2029.

Nervos Network (CKB) Price Prediction 2030

With greater advancements in the Nervos Network ecosystem, the crypto community might continue to invest in CKB for the next 8 years and drive significant price rallies for the token. Hence, Nervos Network (CKB) might hit $1 by 2030.

Conclusion

With continuous improvements in the Nervos Network network, we can say that 2022 is a good year for CKB. For this reason, the bullish price prediction of Nervos Network (CKB) in 2022 is  $0.02189. On the other hand, the bearish price prediction of Nervos Network (CKB) price prediction for 2022 is $0.00282.

Furthermore, with the advancements and upgrades to the Nervos Network ecosystem, the performance of CKB would help to reach above its current all-time high (ATH) of $0.04370633 very soon. But, it might also reach $0.05 if the investors believe that CKB is a good investment in 2022.

FAQ

1. What is Nervos Network (CKB)?

 Nervos Network (CKB) is the Nervos Network’s native coin. The token is intended to serve as a secure store of value while also enabling platform functionality. Users pay transaction fees in CKB tokens, which are then used to reward block validators.

2. Where can you purchase Nervos Network (CKB)?

Nervos Network (CKB) has been listed on many crypto exchanges which include Binance, KuCoin, Gate.io, Huobi Global and MEXC.

3. Will Nervos Network (CKB) reach a new ATH soon?

With the ongoing developments and upgrades within the Nervos Network platform, CKB has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Nervos Network (CKB)?

On March 31, 2021 Nervos Network (CKB) reached its new all-time high (ATH) of $0.04370633.


5. Is Nervos Network (CKB) a good investment in 2022?

Nervos Network (CKB) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Nervos Network in the past few months, CKB is considered a good investment in 2022.

6. Can Nervos Network (CKB) reach $0.05?

Nervos Network (CKB) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Nervos Network (CKB) will hit $0.05 soon.

7. What will be Nervos Network (CKB) price by 2023?

 Nervos Network (CKB) price is expected to reach $0.07 by 2023.

8. What will be Nervos Network (CKB) price by 2024?

Nervos Network (CKB) price is expected to reach $0.09 by 2024.

9. What will be Nervos Network (CKB) price by 2025?

 Nervos Network (CKB) price is expected to reach $0.1 by 2025.

10. What will be Nervos Network (CKB) price by 2026?

 Nervos Network (CKB) price is expected to reach $0.3 by 2026.        

Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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Ethereum Price Broke Out Of Descending Channel, What’s Next?

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Ethereum Price
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Ethereum price has been trading within a descending trendline, which is a sign of bearishness. Over the last 24 hours, the Ethereum price has been different as the coin registered a 6% appreciation.

As the coin appreciated, it broke outside of the descending channel.

Over the last week, the Ethereum price lost more than 7% of its value. The buyers have entered the market, which has helped Ethereum climb on its chart.

Although buyers are attempting to make a comeback, the sellers continue to drive the price action on the one-day chart.

The $1,400 price mark continues to remain a tough resistance zone for Ethereum price. A break past from the aforementioned support line will help ETH revisit its next price ceiling.

The technical outlook for Ethereum continues to remain bearish at the time of writing. Bitcoin’s price recovery has helped major altcoins pick pace over the last 24 hours.

Ethereum Price Analysis: One Day Chart

Ethereum was priced at $1,340 on the one-day chart | Source: ETHUSD on TradingView

ETH was trading at $1,340 at the time of writing. In the past 24 hours, the buyers have helped the coin break outside of the descending trendline.

The immediate and strong resistance remained at $1,400. The altcoin has struggled to break past that level over the last couple of weeks.

Once the $1,400 mark is broken, Ethereum can attempt to trade close to $1,700. On the other hand, a fall from the $1,340 price mark will push ETH down to $1,100 and then to the $1,000 level.

The past trading session for Ethereum was green, signifying an increase in the number of buyers.

Technical Analysis

Ethereum Price
Ethereum depicted a fall in buying strength on the one-day chart | Source: ETHUSD on TradingView

On its chart, ETH was attempting to recover. However, the buyers have remained low at the time of writing. Technical indicators have pointed towards a bearish outlook.

The Relative Strength Index was below the half-line, which also indicated that buyers were fewer in number than sellers.

Ethereum price was below the 20-SMA line, which signified low demand. It also meant that sellers were driving the price momentum in the market.

Ethereum Price
Ethereum depicted sell signal on the one-day chart | Source: ETHUSD on TradingView

ETH’s other indicators have also shown that the sellers were in control of the market at the time of writing. The demand for the coin has to go up in order for the coin to touch its next resistance mark.

The Moving Average Convergence Divergence indicates the price momentum and overall price action. MACD witnessed a bearish crossover and formed red histograms at the time of writing.

This reading is connected to the sell signal for the coin. The Chaikin Money Flow displays the capital inflows and capital outflows at a given period in time.

The CMF was below the half-line and that points towards low capital inflows, although there was an uptick on the indicator.

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Cardano Price Surges, Will The Bulls Hold The Recovery?

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Cardano Price
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Cardano price has been pushed up on its chart by the bulls at the time of writing. In the past day, Cardano moved up 2%. Over the last week, the price action of the altcoin wasn’t positive as it lost most of the gains in the week.

Continued buyer recovery could push ADA past its next resistance level. At the time of writing, however, ADA was trading sideways.

The altcoin has remained sandwiched between $0.50 and $0.44, respectively, over the past couple of weeks.

Although buying strength tried to recover on its chart, selling strength was still dominating at the time of writing.

The support zone for Cardano price rests between $0.44 and $0.40, respectively. Cardano has been one of the altcoins that have moved against the tide.

Bitcoin, however, showed signs of appreciation over the last 24 hours. ADA bulls can quickly fade out if the coin’s buying strength doesn’t move into the positive zone.

Cardano Price Analysis: One Day Chart

Cardano was priced at $0.46 on the one-day chart | Source: ADAUSD on TradingView

ADA was trading at $0.46 at the time of writing. Over the last 24 hours, the coin broke past one of its resistance levels.

The immediate resistance mark for Cardano was $0.49. If the bulls manage to topple over the $0.49 price level, then the bulls can stay put for a longer time.

If buyers don’t come forward, Cardano price will fall to $0.43 and then below the $0.40 mark.

The amount of the altcoin traded in the past session declined, despite a rise in buying strength. This signified the dominance of the sellers in the market.

Technical Analysis

Cardano Price
Cardano registered an uptick in buying pressure on the one-day chart | Source: ADAUSD on TradingView

The altcoin displayed signs of recovery on the one-day chart. Technical indicators pointed toward the bulls taking over.

At the time of writing, the Relative Strength Index was below the half-line, indicating that buying pressure remained greater than selling pressure.

Cardano price was below the 20-SMA line, and that signified less demand as sellers were driving the price momentum in the market.

With a push from the buyers, ADA could travel above the 20-SMA and 50-SMA lines, invalidating the bearish thesis.

Cardano Price
Cardano depicted sell signal on the one-day chart | Source: ADAUSD on TradingView

ADA’s bulls have still not gained momentum on the one-day chart. As long as buyers don’t overpower sellers’ strength, the bulls will not be able to push the price of the altcoin above the $0.49 mark.

The Moving Average Convergence Divergence indicates the price momentum and price action of the altcoin. The MACD underwent a bearish crossover and formed red histograms, which were sell signal for the coin.

The Directional Movement Index measures the overall price direction. DMI was negative as the -DI line was above the +DI line.

The Average Directional Index was moving up towards the 20 mark, which is a sign of the current price action gaining momentum.

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Quant Adds 10% In 24 Hours While Macro Uncertainty Pulls Others

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Interoperability enabling network Quant has gained 10% in the last 24 hours amidst the general crypto bear market. The token is inexorably climbing up the price charts while other tokens struggle to keep their heads above water. The crypto is steadily gaining, testing new highs after its yearly low in June when its price dipped below $50.

The Quant blockchain was a project geared toward solving the issue of interaction among multiple blockchains. Since its inception in 2018, the token began an upward climb from below $1, culminating in an all-time high just below $400. This unprecedented event in the history of Quant took place in September 2021. Quant soared 200% from $187 to $490 on the month, a spike that analysts attribute to three factors. 

Related Reading: Sandbox Struggles In A Bear Market, How Low Can Price Go?

Quant’s All-Time High Catalysts

The first catalyst outline was the launch of Overledger 2.0.5, the network’s DLT connection for businesses to all networks and DLT. Secondly, Quant offered developers incentives via the “Quant developers Program,” a means to lure devs into its ecosystem. Devs build useful protocols and apps, which in turn, attract more users, thereby ensuring the growth of Quant. 

Finally, Quant’s price boosted when it got listed on major exchange platforms like Coinbase and Binance. This move alone caused the protocol’s trading volume to skyrocket from $9 million to a whopping $740 million, according to coinmarketcap. And the rest, they say, is history. Although the token has not tested such highs since then, it continued to do well for itself till the general market became turbulent.

QNT’s price is currently trading at above $115. | Source: QNTUSD price chart from TradingView.com

Macroeconomics Turned Crypto Assets Bearish

By June this year, when the crypto market dropped into a downward spiral, the Quant token dipped to a low of $49. A combination of macro factors dragged down most cryptos, including Bitcoin, from their lofty heights.

For one, the Russo-Ukrainian war began causing global unrest, which always targets risk-prone assets, e.g., crypto. Then followed inflation and Fed’s hawkish attitude towards digital assets in fixing the problem. Ethereum’s merge with its initial hype and subsequent letdown came into the mix, further muddying up the waters. As a result, crypto assets globally have been testing unheard-of lows. 

At the time of writing, Bitcoin continues to fluctuate around the $20,000 resistance level. This is notably a far cry from its legendary $65,000 high, which occurred in 2021. Similarly, ETH and SOL are not left out of this bearish market turn, trading at $1300 and $33, respectively. Ethereum is 70% down from its all-time high, while Solana is 87% below its own.

Related Reading: Dogecoin (DOGE) Is On Top Of Whales’ Menu – Here’s Why

Yet Quant is slowly but surely wending its way up the chart, testing new highs daily. At the time of writing, the token is exchanging hands around $116 after briefly testing $120 earlier in the day. Against the past week’s prices, it is a 7.90% gain, 10% over the last 24 hours.

Featured image from Pixabay and chart from TradingView.com

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Ripple Outperforming Whole Market, What’s Pumping XRP Price? 

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The currency of the blockchain-powered online payment platform, XRP, has gained almost 60% in the past week. After briefly dipping to $0.34 five days ago, the token climbed back and traded around $0.52 this morning.

Crypto influencer Ben Armstrong claims to know the reason behind this continuous climb amid the current general crypto bear market. The multiple-crypto holder shared his two cents about the state of events with his 800k plus followers on Twitter yesterday.

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Influencer Believes Impending Close To Ripple-SEC Case Is Responsible

According to Armstrong, multiple factors are causing Ripple’s insane price surge. However, he can confidently trace one primary reason to the ongoing SEC court battle with the sixth strongest crypto. The influencer tweeted that SEC has given up on its 2-year struggle of trying to prove XRP is a security. As of this week, the Ripple community “can be pretty confident the worst-case scenario is a fine,” the tweet reads.

The last weekend saw both parties in the ongoing case filing for summary judgment. In other words, Ripple and SEC believe enough evidence has been provided for a verdict outside a court case. They wait for Judge Torres’ decision supporting one side or the other based on already available evidence. A court battle that started way over in 2020 might soon be coming to an end.

XRP is currently trading at $0.4975. | Source: XRPUSD price chart from TradingView.com

Ripple And XRP Community Expect A Favorable Verdict

Like Ben Armstrong, the Ripple community and Ripple Labs are expectant of a favorable ruling. If that happens, XRP will not be considered a Security but a digital asset, just as Ripple intended. 

Another crypto influencer predicted that if this happens, it will be the needed boost the bearish crypto market needs. David Gokhshtein tweeted that the crypto market will go parabolic should XRP win this case. He and Brad Garlinghouse, Ripple’s CEO, believe a win for XRP would stamp cryptos stand with regulation. Consequently, it would increase investors’ faith in the ailing asset.

Whale Movements On XRP Blockchain Also Partially Responsible For Price Boost

Another reason for the surge in XRP seems to be whale movements on the platform. On-chain analytics firm, Sentiment data reveal an increase in whale transactions on the Ripple blockchain. 

Furthermore, the Whale Alert crypto tracker revealed multiple anonymous transfers of significant amounts of XRP in the past week. Data showed that a 261 million XRP transfer and another 582 million XRP transaction took place. Ripple was involved in both transactions, moving 80,000,000 of the tokens externally. In total, close to a billion tokens exchanged hands in whale transactions last week. 

Related Reading: Can WAVES Flow Back From Its Low Ebb And Reclaim $4.6?

These two factors mentioned above are mainly responsible for the continuous climb of XRP tokens over the last week. One can only wait to see if the XRP community’s optimism is indeed rightly placed and that ripple will indeed win the case. At the time of writing, XRP is currently trading around $0.48 after briefly testing $0.52 earlier today per Coinmarketcap data. 

Featured image from Pixabay and chart from TradingView.com

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Tether Announces Launch of USDT on Polkadot Network

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Tether Tokens Usdt Will Be Available On Tezos
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  • Eleven different blockchains currently support Tether, USDT.
  • A New York court ordered Tether Operations Limited to submit financial records.

Tether, in a statement released on Friday, announced the release of its native token USDT on the Polkadot Network. Polkadot is an open-source blockchain platform that is decentralized. Moreover, it’s a comprehensive Web3 environment that allows for registry and computation amongst different blockchains. 

In addition, the adoption of the stablecoin allows the blockchain platform to further expand its footprint in distributed systems. Concurrently, “potential adverse effects associated with market volatility” will be mitigated thanks to Tether’s incorporation.

Multiple Blockchains Support

The release blog further states that the Polkadot Relay Chain would enable Tether users to conduct USDT transactions and information sharing in a safe and trustless manner.

According to Tether’s Chief Technology Officer Paolo Ardoino:

“We’re delighted to launch USD₮ on Polkadot, offering its community access to the most liquid, stable, and trusted stablecoin in the digital token space. Polkadot is on a trajectory of growth and evolution this year and we believe Tether’s addition will be essential in helping it continue to thrive.”

Eleven different blockchains currently support Tether, a stablecoin. After adding Polkadot on Friday, the firm says it hopes to continue growing by a factor of many more.

Of the total $81.84 billion in swaps today, 55.60% is settled in tether, and 62% of all BTC exchanges use tether as a counterparty. Support for the Polkadot blockchain came at a time when a New York court ordered Tether Operations Limited to submit financial records demonstrating USDT’s backing. The court’s ruling is the result of a class action complaint that five individuals brought three years ago.

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Iran Commences CBDC Pilot Dubbed ‘Crypto Rial’

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Iran Commences Cbdc Pilot Dubbed ‘Crypto Rial’
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