Nervos Network Trading 19.1% Higher This Week (CKB)

Nervos Network (CKB) traded down 3.4% against the US dollar during the 1-day period ending at 12:00 PM E.T. on May 8th. Nervos Network has a market capitalization of $771.36 million and $34.14 million worth of Nervos Network was traded on exchanges in the last day. During the last seven days, Nervos Network has traded 19.1% higher against the US dollar. One Nervos Network coin can now be purchased for $0.0175 or 0.00000028 BTC on major exchanges.

Here is how related cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded down 2.1% against the dollar and now trades at $62,253.49 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 5% lower against the dollar and now trades at $0.15 or 0.00000239 BTC.
• Bitcoin Cash (BCH) traded 4.9% lower against the dollar and now trades at $460.81 or 0.00740212 BTC.
• Litecoin (LTC) traded 0.4% lower against the dollar and now trades at $81.76 or 0.00131329 BTC.
• UNUS SED LEO (LEO) traded up 1.6% against the dollar and now trades at $5.90 or 0.00009473 BTC.
• Ethereum Classic (ETC) traded 4.2% higher against the dollar and now trades at $28.45 or 0.00045701 BTC.
• Arweave (AR) traded down 6.9% against the dollar and now trades at $36.46 or 0.00058565 BTC.
• Monero (XMR) traded 2.1% lower against the dollar and now trades at $128.68 or 0.00206703 BTC.
• Bitcoin SV (BSV) traded down 1.6% against the dollar and now trades at $64.07 or 0.00102926 BTC.
• eCash (XEC) traded down 3.6% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Nervos Network Profile

Nervos Network is a proof-of-work (PoW) coin that uses the Eaglesong hashing algorithm. Its launch date was November 15th, 2019. Nervos Network’s total supply is 44,796,979,823 coins and its circulating supply is 44,115,977,701 coins. Nervos Network’s official website is nervos.org. Nervos Network’s official message board is medium.com/nervosnetwork. The Reddit community for Nervos Network is https://reddit.com/r/nervosnetwork and the currency’s Github account can be viewed here. Nervos Network’s official Twitter account is @nervosnetwork and its Facebook page is accessible here.

According to CryptoCompare, “The Nervos Network is an open-source public blockchain ecosystem that aims to solve the biggest challenges facing blockchains like Bitcoin and Ethereum. Its layer 1 protocol, Nervos CKB, provides a proof of work public blockchain that allows for the secure storage of any crypto-asset, while enabling smart contracts, layer 2 scaling, and a “store of value” crypto-economic design through its native token, CKByte. CKByte is a cryptocurrency that can be used as a secure store of value and a value token behind smart contracts. It also allows users to store, execute, and rent space on the Nervos Blockchain.”

Buying and Selling Nervos Network

It is usually not currently possible to buy alternative cryptocurrencies such as Nervos Network directly using U.S. dollars. Investors seeking to acquire Nervos Network should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Nervos Network using one of the exchanges listed above.

CKB/USD price chart by TradingView