The post Hashrate at ATH & Derivatives Are Bullish; Can CKB Earn 2x Gains? appeared on BitcoinEthereumNews.com.

The Nervos Network is known for its multi-layered blockchain system designed for decentralization, security, and scalability. It is divided into two layers. The first one focuses on security and works as a trust anchor, known as CKB (Common knowledge base). The second one is known as the generation layer (layer 2), which is purposed for scalability and handles transactional throughput. Thus, the Nervos Network architecture enables it to achieve higher-quality performance without compromising its security. The CKB crypto price rose by 10.51% in market value and optimized by 66.81% in trading volume in the last 24 hours, as per the CoinMarketCap. Its market value is $866.641 Million, and its trading volume is $68.099 Million. There are 44.307 Billion CKB tokens in circulation. Nervos Network (CKB) Derivatives Data Analysis | By Coinglass.com The CKB open interest is $37.93 Million. As per CoinGlass, it surged by 14.14% in the previous session. The long versus short ratio for 24 hours is 0.9554. The short liquidation is $43.75 K versus $38.02 K for the long liquidation. Nervos Network (CKB) Hashrate Skyrockets: A 5-year Increase Based on a tweet from Houseofchimera on platform X, the Nervos Network (CKB) Ecosystem has grown significantly over the last 5 years, with the hash rate increasing rapidly.  As per the graph shared in the tweet, from 2019 to the end of 2022, the hash rate experienced a steady rise until it reached a peak. Subsequently, the growth stabilized, maintaining near 100P. However, since the beginning of 2023, the hash rate has surged dramatically, resembling a flag and pole pattern, and has now reached a new all-time high peak of around 400P.  .@NervosNetwork Hashrate Skyrockets: A 5-year Surge 🔹The $CKB Ecosystem has experienced significant growth over the past 5 years, with the hashrate skyrocketing.🔸An influx of new users has further…

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Filed under: News - @ June 8, 2024 12:18 pm