Niloofar S.
Niloofar S.
Nov 10, 2021

Nervos Network: Is It A Good Investment?

tl;drThe Nervos Network could be a collection of protocols and public blockchain ecosystem attending to solve the most significant challenges facing blockchains like Ethereum and Bitcoin today. Nervos Network was founded by the producers of Spark Pool, the biggest ETH mining pool; imToken, the world's largest Ethereum wallet; Cryptape, the most recognized and biggest blockchain engineering team in China; and contributors to Ethereum and Bitcoin core protocol research and development. Financially, although Nervos Network performed very well over the last year in terms of ROI compared to the cryptocurrency market's average, It has seen a drop recently in market cap and price. CKB's popularity in social media has increased over the last five months.
Nervos Network: Is It A Good Investment?
Nervos Network: Is It A Good Investment?
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Introduction

The Nervos Network could be a collection of protocols and public blockchain ecosystem attending to solve the most significant challenges facing blockchains like Ethereum and Bitcoin today.

The Nervos general knowledge Base (CKB) is layer 1, proof of labor public permissionless blockchain protocol of the Nervos Network. It allows any crypto asset to be stored with the protection, permissionless, and immutability nature of Bitcoin while enabling layer 2 scaling and intelligent contracts. Its unique crypto-economic model is intended to align the interests of users, developers, and miners linked to first-generation blockchains.

Nervos Network was founded by the producers of Spark Pool, the biggest ETH mining pool; imToken, the world's largest Ethereum wallet; Cryptape, the most recognized and biggest blockchain engineering team in China; and contributors to Ethereum and Bitcoin core protocol research and development.

How does the Nervos Network work?

Nervos provides sustainability through its new behavior therapy model that focuses on providing an expansive store necessary. The adaptive PoW algorithm also supports the sustainability of CKB, and scaling is calculated automatically to support the bandwidth. The system is intended in an adaptable, sustainable, and versatile framework.

While Nervos may be an innovative contract platform like Ethereum, Nervos CKB is intended more as a state verification and storage system than a computing platform. Nervos may be a crypto-economy network divided into two layers. Network within the first layer is an authentication layer that acts as a root of trust and brilliant custodian. The network within the second layer is; Built for high-performance operations and privacy protection.

CKB is that the store necessary for the Nervos network. It provides surveillance services that are publicly available, secure, and immune to attacks in terms of users' assets, identities, and network-generated public information.

Financial Analysis

Nervos Network price today is $0.02515001 with a 24-hour trading volume of $34,001,328. CKB price is down -1.5% in the last 24 hours. It has a circulating supply of 29 Billion CKB coins and a total supply of ∞. At the time of writing this post (Oct 14, 2021), CKB's Return On Investment (ROI) over the past year was 758%, underperformed in the'' category which had 30705% growth over the past year. It underperformed in the crypto market which had 30705% growth over the past year.

Projects with public Github account have more transparency and reliability. Regularly, investing in projects with multiple contributors and commits is considered a safer and better investment (this means they are busy working and building the project). According to its Github account, there are 36 Contributors to the development of CKB.

Another critical factor in the success of any project is gaining public attention. Our data shows that CKB's Twitter account saw a growth of 39% over the last months in the number of followers, which is considerable. Also, the number of CKB Reddit subscribers increased by 151%. However, the Telegram channel users had an 18% growth over the last months.

Over the last five months, CKB 's Market Capitalization rank followed an overall declining trend, starting at the rank of 157-147 on Aug-Sep 2021, reaching 175 in Oct 2021. However, by the time of writing this post, CKB's market cap rank is about 159, and its value is $715,273,547 Million. Moreover, its liquidity score is 56% above the market's average score, making it relatively easier to sell in bear markets.

YOU ARE SAYING THAT Nervos Network (CKB) IS THE BEST CRYPTOCURRENCY TO INVEST IN?

Nominating a cryptocurrency because the best to speculate in depends on various factors. The important point is that every single case is unique, and no one can claim one solution works for each problem. To know whether a cryptocurrency is that the one that works for you needs careful analysis. What we offer here may be a meticulous account of the changes that occurred during this specific currency. To invest wisely, you wish to weigh your financial status intimately and follow the market closely. To do so, Cryptologist is all you would like. Providing up thus far reports of the market, Cryptologist helps you discover secure investment options.

At Cryptologist, we provide all the data you need to help you make the best possible choice. On our website, you can find up-to-date, reliable reports about the cryptocurrency market, particularly NFT projects.

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