In the past 24 hours, the price of Nervos Network (CKB) has surged by 51%, reaching $0.001376. This rapid growth was triggered by the announcement of the CKB listing on the popular Korean exchange Upbit. The current spike in trading volume and market capitalization has propelled the token into the top 100 cryptocurrencies.
Listing on Upbit
The announcement of Nervos Network support on the Upbit exchange was made on September 13, 2024. The listing will be available in the KRW, BTC, and USDT markets. This event attracted many investors and significantly increased the CKB trading volume.
CKB Technical Analysis
From a technical perspective, CKB has surpassed the significant resistance level of $0.01284. The price is now trading above both the 50-day and 200-day Simple Moving Averages (SMA), indicating a continued bullish trend. The Relative Strength Index (RSI) is in the overbought region at 69, indicating that the asset is overvalued. The MACD also confirms bullish sentiment, having crossed above the zero line and forming a bullish crossover. The next target price for CKB is $0.01907. However, if the bears take control, the price could drop to the support zone at $0.00895.
Crypto All-Stars Presale
Crypto All-Stars is a new project that enables investors to stake popular meme tokens like DOGE, SHIB, and FLOKI on a single platform. The presale is attracting substantial investment, having already raised over $1.25 million. With its unique MemeVault protocol, investors can earn rewards in the form of STARS tokens. The platform offers a high Annual Percentage Yield (APY) from staking $STARS, which is 1185%.
The rise in the Nervos Network price is a significant event in the cryptocurrency market. The Upbit listing and current technical indicators suggest continued growth potential. Investors are also showing interest in the new Crypto All-Stars project, highlighting the resurgence of the meme token market.
Comments