Nervos Network (CKB) has seen a sharp surge in its price, rising by over 140% in September, largely driven by its listing on South Korea's Upbit exchange. However, despite its strong upward momentum, signs indicate that the bullish trend may be losing steam.
CKB is the most flexible and interoperable blockchain. It serves as the ultimate foundation of Nervos, a modular blockchain network built from the ground up to ensure outstanding security, decentralization, flexibility, and interoperability.
As Bitcoin consolidates, CKB and SUI lead the top gainers while the market anticipates the upcoming Federal Reserve rate decision.
In this bearish market sentiment, Nervous Network (CKB) is gaining significant attention from investors and traders due to its impressive performance and substantial whale activity. In recent days, while other major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) have struggled to gain momentum, Nervos's CKB has skyrocketed by 100%.
Nervos Network (CKB) extended its rally, despite losing the Upbit premium. CKB peaked at $0.02, potentially expecting renewed price discovery after Upbit took up 64% of the token's volumes.
The Nervos Network saw an explosive increase in trading activity. The trading volume for CKB jumped dramatically from $5.94 million to an astonishing $264 million within just one day.
Long-term Nervos Network investors can be confident of another rally, but short-term volatility was a threat
In the fast-moving world of cryptocurrency, where innovation is the name of the game, whales , those big-time investors who hold vast amounts of crypto — are always on the hunt for the next big opportunity.
As the broader market recovery takes a minor pause, an entry opportunity arises in the top-performing altcoins for missed-out traders. With Bitcoin back to $58,500, these altcoins are ready to coil up trend momentum for a massive upside wave.
As the global crypto market cap crosses $2.10 Trillion, the price of Bitcoin has successfully reclaimed the $60,000 mark. Moreover, with a jump of 10.63% over the past week, it is currently valued at $60,226.36. Following this, altcoins have recorded a massive uptrend in their respective valuation.
Nervos Network (CKB) had an impressive run on Friday, September 13, hitting $0.018—its highest price since June 7. This surge made it one of the top-performing cryptocurrencies of the day!
Nervos Network's CKB token outshines the competition, spiking 70% while the broader crypto market remains flat.
Blockchain interoperability protocol Wormhole has successfully paved the way for World IDs on the Solana blockchain. Solana builders and developers will have the capacity to integrate World ID on Solana-based protocols.
Worldcoin announced that the Wormhole interoperability platform has expanded its World ID feature to the Solana blockchain, according to a Sept. 13 statement.
Meanwhile, the SEC claimed that when it said "crypto asset securities" it never meant tokens were actually securities.
TL;DR Wormhole has integrated World ID with the Solana blockchain, allowing Solana developers to access identity verification features. World ID, which has been subject to audits due to its controversial nature, is used to confirm the authenticity and humanity of users, helping to identify real people.
Wormhole was one of 17 projects to receive a Worldcoin Wave 1 Community Grant.
Wormhole contributors have completed the work of making it possible to build Solana apps that integrate World IDs.
This is a significant move because it opens up new opportunities for developers on Solana, allowing them to use World ID's unique verification system. World ID is a special tool that helps prove whether someone is a real person.
The Nervos Network token was one of the best-performing cryptocurrencies on Friday, Sept. 13, as it surged to a high of $0.018, its highest level since June 7.
Upbit has listed various altcoins this year, attempting to boost the trading volume on its exchange platform.
Snax Chain, built on OP Stack, launches September 15th, integrating Wormhole for secure, decentralized Synthetix V3 governance and cross-chain messaging.
REZ's initial liquidity will be provided on Solana's major AMMS, and the token will be integrated with the blockchain's lending protocols.
The latest in blockchain tech upgrades, funding announcements and deals. For the period of Aug. 15-21, 2024.
Wormhole is a generic message-passing protocol that enables communication between blockchains such as Solana and Ethereum. It can be used for Cross-chain exchange Cross-chain governance Cross-chain game Wormhole is comprised of several noteworthy components.
The cryptocurrency market is experiencing a seismic shift, with Ethereum (ETH) leading a broader market downturn. As investors grapple with plummeting prices and increased volatility, two projects, Wormhole (W) and Algotech (ALGT), have emerged as unexpected beacons of stability.
Wormhole introduces the Native Token Transfers (NTT) framework, offering a flexible, open-source solution for transferring tokens across blockchains, ensuring security and composability.
Wormhole, a leading cross-chain platform, has announced plans for a major token unlock event. Set for August 3, 2024, this move will see 6% of W tokens released, bringing the total unlocked community tokens to 17%.
Another 6% of the W tokens will be locked up, thus leaving the issuance of the community at 17%.
As August approaches, notable token unlock events are expected to impact the market. BeInCrypto has highlighted the top five unlocks that could influence market dynamics.
Just months after Wormhole's airdrop in April, the cross-chain project will unlock a third of its token's circulating supply this month: 600 million tokens at a current value of about $180 million.
Explore the role of Guardians in Wormhole's cross-chain interoperability, ensuring secure and reliable blockchain transactions.
This development addresses the longstanding challenges associated with transferring USDT between different chains. It has often been slow, expensive, and reliant on wrapped tokens that introduce additional risks.
Wormhole introduces native USDT transfers on Ethereum, Arbitrum, Base, Optimism, Polygon, BNB Chain, and Avalanche, leveraging Uniswap v3 and PancakeSwap pools.
Worldcoin announced the selection of 17 grantees for Wave1 of its Community Grants Program aimed at empowering Wormhole and other passionate cross-chain protocol builders. Wormhole expressed their excitement about being part of the Worldcoin Tech Tree that would oversee the advancement of Secure Multi-party Computation (SMPC).
Wormhole secures a grant to integrate Worldcoin's World ID with Solana, enhancing cross-chain identity verification.
The Worldcoin Foundation announced a $70,000 grant to Wormhole to support WorldID verification on the Solana blockchain. In a June 27 statement, Worldcoin said the ID integration effort will “equip the Solana ecosystem with a much-needed tool” for proving humanness.
Wormhole has obtained a grant from the Worldcoin Foundation to bring the World ID onto the Solana blockchain. This integration seeks to improve user identification procedures in the blockchain networks through the use of Worldcoin's decentralized identity solution.
Wormhole now supports Mantle Network, an innovative Ethereum Layer 2 solution, offering high performance and low-cost EVM environment.
Binance Futures has updated the leverage and margin tiers for FETUSDT, ENAUSDT, IOUSDT, ARUSDT, and WUSDT USDⓈ-M Perpetual Contracts.
With the ongoing crypto market fall, many cryptocurrencies have declined today, losing days of their gains. It is the outcome of the political and economic factors affecting this industry, but it's more of a correction that can shift to the previous bullish conditions.
A closely followed crypto analyst is listing five altcoins he believes are showing strength despite the choppy market conditions.
Binance has integrated Hashflow (HFT) on Arbitrum One and Wormhole (W) on Ethereum, opening deposits and withdrawals.
In the wake of Ethereum exchange-traded funds (ETFs) approval, top analyst Michaël van de Poppe is bullish on five specific altcoins and predicts substantial returns.
Wormhole adds support for X Layer, an Ethereum L2 network, leveraging ZKPs for secure, scalable transactions.
In an optimistic bid, Robinhood Crypto, a renowned cryptocurrency trading platform, has recently announced that it is facilitating Wormhole (W) and Jupiter (JUP) trading for European customers. This announcement has gained significant traction across the global crypto community as the firm further extended rewards for trading the abovementioned tokens.
CertiK discovered and patched a major security flaw in the Wormhole bridge on the Aptos network, potentially saving $5 million.
A flaw in the bridge could have allowed an attacker to produce fake token transfers, but it was discovered and patched before anyone could take advantage of it.