The $0.011 area is an important support area for CKB and there is definitely a strong buying force to help CKB rise sharply to the $0.016 and $0.02 areas in late July. However, if it loses the $0.011 zone, it still has two reliable support zones of $0.009 and $0.008.

🔴Buy : 0.0107-0.0113$. SL if B
🔴Sell : 0.0156-0.0164$. SL if A 🔴Sell : 0.0195-0.0205$. SL if A
🔵Sell : 0.0107-0.0113$ if B. SL if A 🔵Buy : 0.0088-0.0092$ 🔵Buy : 0.0078-0.0082$. SL if B
🕯Timeframe : 1 Day 📈Red Arrow : Main Direction as BUY & SELL section 📉Blue Arrow : Back-Up Direction as BACK-UP section 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section 🅰️A : The Close price of candlestick is Above the zone 🅱️B : The Close price of candlestick is Below the zone

  • The Nervos Network is an open-source public blockchain ecosystem and collection of protocols.
  • The Nervos CKB (Common Knowledge Base) is the layer 1, proof-of-work public blockchain protocol of the Nervos Network.
  • The CKByte token (CKB) is the network's native token and has the following use cases:
    • State storage on the network: CKB represents cell capacity in bytes, and they give owners the ability to occupy a piece of the blockchain's overall global state. For example, if a user owns 1,000 CKB, he/she can create a cell with 1,000 bytes in capacity, or multiple cells that add up to 1,000 bytes in capacity. He/she can then use the 1,000 bytes to store assets, application state, or other types of common knowledge.
    • Miner compensation: Miners are compensated with both block rewards and transaction fees in the form of CKB tokens.
    • Staking rewards: CKB holders can deposit and lock their native tokens into a special contract called the NervosDAO to earn staking rewards.
  • More information on CKB token economics can be found here.
  • As at January 26th 2021, the circulating supply of CKB is ~23.7 billion and the total supply of CKB is ~30.7 billion. See here for a chart representing the circulating and total supply of CKB.