Nervos Network Price Prediction: CKB Soars 68% But Experts Say The Meme GameFi Sensation Could Be The Best Cryptocurrency To Buy Right Now.

adminFebruary 16, 2024

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The price of the Nervos network has surged 68% in the past 24 hours, trading at $0.0133 as of 3:15 a.m. ET on volume up 45%.

This move gave CKB one of CoinsKid’s best trades of the day.

⚠️ #ckb One of the best deals recently. But remember, if you buy a big green candle, you get a big red dildo.
You should have bought more from the bottom.
Look for other opportunities similar to this chart. Remember that opportunities never feel like opportunities.
55 Wema retest… pic.twitter.com/EJOsdRJmoV
— Coinskid (@Coins_Kid) February 15, 2024

However, other analysts are predicting a correction in the Nervos Network price and are already taking sell positions.

short $CKB #CKB filled.
1. SL Heat.
2. BTC is strong and as expected, a short squeeze occurs. Didn’t catch fomo when going in. Please enter a smaller size.
3. I wanted to place another short ad 0.0121 or 0.014 SR but couldn’t place it overnight.
4. Set a second LMT immediately after the daily close and obtain SL https://t.co/lWInCh5k4L. pic.twitter.com/XCuX3ICcvZ
— 1PercentBetterToday (@1PercentBetterT) February 15, 2024

The Nervos network is an open-source public blockchain ecosystem. The project set out to create a peer-to-peer (P2P) crypto-economic network. This gives users access to a wide range of blockchain services and features that have been proven secure.

Nervos Network Price Prediction

Measured over a market range between the June 2023 low of $0.0021 and the February high of $0.0153, the Nervos network price is trading above the 78.6% Fibonacci level of $0.0125. The Relative Strength Index (RSI) is sitting at 91, which shows that CKB is already massively overbought, which means a correction may be needed.

To reinforce the correction assumption, the Nervos Network price crossed the upper limit of the Bollinger indicator at $0.0107. This also suggests that a fix is underway.

Traders looking to open a new position on the Nervos Network price will have to wait as the risk of price decline is currently high. On the other hand, those who currently have open positions should probably keep them open as the trajectory of RSI suggests that momentum is still rising. This means that the Nervos Network price can still expand its gains.

This directional bias could allow CKB price to regain highs of $0.0152, almost 10% above current levels.

Nervos Network Pricing

TradingView: CKB/USDT 1-day chart

On the other hand, if a correction occurs, the Nervos network price could fall below the 78.6% Fibonacci level at $0.0125, testing the most important retracement level of 61.8% at $0.0104.

In severe cases, the market value of an altcoin could fall to the 50% Fibonacci level of $0.0089. However, for the big-picture bullish outlook to be nullified, the Nervos Network price would need to extend its decline below the 38.2% Fibonacci level of $0.0073. This is a 45% decline from current levels.

Meanwhile, investors are looking at Meme Kombat, a new ICO that analysts have identified as one of the top choices for exponential profits. According to YouTube analyst Jacob Bury, it is currently one of the top five cryptocurrencies available for purchase.

A promising alternative to the Nervos network

Meme Kombat is a revolutionary new gaming platform designed for gaming enthusiasts. The project offers investors the opportunity to battle in the arena with a meme character of their choice. Aside from regular battles, there are also bigger, more exaggerated battles that gamers can participate in with the potential to win big prizes.

This innovative platform introduces unique features such as active betting and passive staking, offering a variety of ways to earn particularly attractive rewards for dedicated gamers.

It takes a little bit of luck. A little skill.
You’ll need this to participate in the next big memecoin. @BuryCryptoBut they say you need that to win Meme Kombat⚔️ pic.twitter.com/x6gMy9LvPu
— Meme Kombat (@Meme_Kombat) February 12, 2024

Meme Kombat’s MK token is in the pre-sale phase, and funds raised have already reached $8.8 million and are soaring toward the final goal of $10 million.

Whoop whoop🙌 Achieved $8.7 million in fundraising🔥
If you can’t wait, please comment “LFG” $MKThe future of ⚔️ pic.twitter.com/jhQZeuysjr
— Meme Kombat (@Meme_Kombat) February 13, 2024

Pre-sale began in September 2023 and is currently growing into a major player in the memecoin field. This caught the attention of both the cryptocurrency community and analysts.

Meme Kombat Friendly winner is here⚔️
sponge
Congratulations to the entire Sponge community🧽 https://t.co/u0jfxofrP8
— Meme Kombat (@Meme_Kombat) February 9, 2024

Investors who want to purchase MK can do so on the official website where each MK token is sold for $0.279.

We showed great strength in this competition. $MK Latest pre-sale!
Every day we get one step closer to $10m and we can’t wait to get there💪 pic.twitter.com/Uu7ReDvreo
— Meme Kombat (@Meme_Kombat) February 9, 2024

Token holders can earn up to 107% Annual Percentage Yield (APY), with 12,010 holders already holding 80% of the tokens.

To purchase MK, visit the official Meme Kombat website here.