Nervos Network (CKB) experienced a price decline of 4.9% against the U.S. dollar, closing at approximately $0.0016 as of 08:00 AM ET on February 9, 2024. This downturn reflects a broader trend in the cryptocurrency market, as Nervos Network has seen a 17.8% decrease in value over the past week. The total market capitalization of Nervos Network currently stands at $78.77 million, with approximately $3.88 million traded in the last 24 hours.
Market Performance and Trading Details
Nervos Network operates as a proof-of-work (PoW) cryptocurrency using the Eaglesong hashing algorithm. Since its launch on November 15, 2019, it has recorded a total supply of 48,949,938,873 coins, with a circulating supply of 48,187,123,444 coins.
In the context of cryptocurrency trading, investors typically cannot purchase Nervos Network directly with U.S. dollars. Instead, they must first acquire Bitcoin or Ethereum through major exchanges such as GDAX, Gemini, or Coinbase. Following this, they can trade their Bitcoin or Ethereum for Nervos Network on listed exchanges.
Community and Resources
The Nervos Network community engages through various platforms. The official website is accessible at nervos.org. Additionally, the network maintains an active presence on social media, with its official Twitter account at @nervosnetwork and a Facebook page available for updates. For discussions and community engagement, users can visit the Nervos Network subreddit at reddit.com/r/nervosnetwork.
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As the cryptocurrency landscape evolves, Nervos Network’s performance will continue to be of interest to investors and enthusiasts alike, particularly as it navigates market fluctuations and seeks to establish its presence in a competitive environment.
