Nervos Network (CKB) Price Shows Double-Digit Gain After Godwoken Layer 2 Launch
CKB saw a gain of over 35% after releasing its Godwoken L1 solution and launching a new NFT marketplace.< /p>
Altcoin Watch
Positive price movements during bear markets are notoriously hard to come by due to non-stop FUD from the media and nonchalant interest from crypto investors.
One crypto that managed to flash green on June 12 is the Nervos Network (CKB), an open blockchain protocol designed for universally accessible decentralized applications (DApps).
Data from Cointelegraph Markets Pro and TradingView shows CKB gained 50% in July after surging from a low of $0.0033 on June 30 to a daily high of $0.005 on July 12.< /p>
CKB/USDT 4 hour chart. Source: TradingView
Three reasons behind the positive gains for the Nervos network include the launch of the Layer 2 (L2) solution of the Godwoken network, the integration of the Celer c-Bridge into the Godwoken protocol and the launch of a new non-fungible token (NFT) marketplace on the Nervos mainnet.
Nervos launches Tier 2 solutionCKB's recent price hike was triggered on June 29 when the protocol announced that its L2 solution "Godwoken" had officially launched on the Nervos Network mainnet.
According to the announcement, Godwoken is an Ethereum (ETH) Virtual Machine (EVM) compatible optimistic cumulation that allows projects built in the different market sectors to easily create and port their DApps on the Nervos network.
The addition of EVM compatibility also allows any project launched on Godwoken to be instantly interoperable with other EVM chains, which can help increase their reach and grow their...
CKB saw a gain of over 35% after releasing its Godwoken L1 solution and launching a new NFT marketplace.< /p>
Altcoin Watch
Positive price movements during bear markets are notoriously hard to come by due to non-stop FUD from the media and nonchalant interest from crypto investors.
One crypto that managed to flash green on June 12 is the Nervos Network (CKB), an open blockchain protocol designed for universally accessible decentralized applications (DApps).
Data from Cointelegraph Markets Pro and TradingView shows CKB gained 50% in July after surging from a low of $0.0033 on June 30 to a daily high of $0.005 on July 12.< /p>
CKB/USDT 4 hour chart. Source: TradingView
Three reasons behind the positive gains for the Nervos network include the launch of the Layer 2 (L2) solution of the Godwoken network, the integration of the Celer c-Bridge into the Godwoken protocol and the launch of a new non-fungible token (NFT) marketplace on the Nervos mainnet.
Nervos launches Tier 2 solutionCKB's recent price hike was triggered on June 29 when the protocol announced that its L2 solution "Godwoken" had officially launched on the Nervos Network mainnet.
According to the announcement, Godwoken is an Ethereum (ETH) Virtual Machine (EVM) compatible optimistic cumulation that allows projects built in the different market sectors to easily create and port their DApps on the Nervos network.
The addition of EVM compatibility also allows any project launched on Godwoken to be instantly interoperable with other EVM chains, which can help increase their reach and grow their...
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