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The native token of the Nervous Network, CKB, has recorded impressive gains while traders are betting against the asset's price surge. CKB is up by 64% in the past 24 hours and is trading at $0.
In recent days, the cryptocurrency market has witnessed a surge in activity, driven by different factors including Bitcoin (BTC), Nervos Network (CKB), and Ethereum (ETH) price surges and the launch of Bitcoin Dogs' (0DOG) BR-20 ICO.
Nervos Network's (CKB) price has gone vertical in the past few days. It has staged a strong parabolic move, rising in the past four straight days, moving from a low of $0.0047 to a high of $0.014, meaning that it has risen by over 200% in this period.
The CKB token of Nervos Network has rapidly soared by over 55% shortly after developers released RGB++, an extension protocol base designed to work with Bitcoin.
The market research platform Layergg shared on X that the AI narrative was gaining attention. This followed a post by Ethereum (ETH) co-founder Vitalik Buterin, which Layergg referenced.
As the cryptocurrency market gears up for the highly anticipated Bitcoin halving event, Nervos Network conducted its first halving event causing notable market shift. The halving event for Nervos Network brought about changes in its issuance rate, impacting the CKB token.
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CKB booked a 35%+ gain after the release of its Godwoken L1 solution and the launch of a new NFT marketplace.
