What problems does Nervos CKB tend to solve and how is its popularity?
How many times will the price of CKB go up in 5 years?
How much CKB do you need to become a millionaire?
…
In a Youtube video entitled CKB PRICE PREDICTIONS 2022, Ryan Matta gave us his answers.
Ryan Matta is a cryptocurrency enthusiast and long time investor, with over 8 years of experience of mining, trading, and investing in cryptocurrency. He first started mining Ethereum at the price of $2.34, and less than 6 years later Ethereum broke record highs of 4,500 dollars.
Ryan published this video on Aug 28, 2021, and by now, it has attracted 25,890 views with more than 780 thumb ups and 114 comments.
In this video, Ryan begins with a Messari Screener Fund Analysis, showing that Nervos CKB ranks the third on the most commonly held liquid assets across crypto venture and hedge fund portfolios. As these crypto ventures and hedge funds have specialized teams to do their research and find out what cryptos are most likely to be the best investment in a long term, Nervos CKB is going to be one of those long-term players.
The Nervos Network is an open-source public blockchain ecosystem and collection of protocols creating the foundation for a universal internet-like publick network. Early internet applications lived on segregated networks needing different ways to access and interact. Now, in today's decentralized world Nervos again sees this segregation into different ecosystems with poor interoperability.
The Nervos Network solves this problem by offering a suite of integrated solutions that allow the developer to build Universal Apps. For example, Nervos has built cross-chain bridges to Ethereum and BSC (Binance Smart Chain), and the bridge to connect Cardano is on the horizon.
In the roadmap, Nervos has accomplished many important milestones in 2018, 2019, 2020 and 2021, with more exciting things to come.
How much CKB do you need to become a millionaire?
The price of Nervos CKB got up to $0.043 in this bull run and then it went down to a penny and a half now (at the time of Ryan making the video). If it does kind of follow that same pattern or things really pick up, the price of Nervos CKB will rise to five pennies next year (2022) and then to 10 cents (2023), 20 cents (2024), 50 cents (2025) and a dollar (2026).
The market cap, which is calculated by supply in circulation times price, of Nervos CKB is 400 million dollars (at the time of Ryan making the video, the newest data is $330 million as the crypto enters a bear market). Ryan says in the video that if we compare the market cap of Nervos CKB to that of Bitcoin, Ethereum, Binance, Cardano, Dogecoin and Ripple, the price of CKB can easily be 2x, 5x, 10x, even 100x.
So, to become a millionaire, you need to accumulate:
- 67 million CKB if the price remains at $0.015.
- 33 million CKB if the price goes up to $0.03.
- 10 million CKB if the price goes up to $0.1.
- 4 million CKB if the price goes up to $0.25.
- 1 million CKB if the price goes up to $1.
Lunar Crush tracks cryptocurrencies based on popularity. Nervos CKB ranked No. 1 the other day and now it is 278 out of 2866. The barrier is around 300. If Nervos CKB can get above 300 or 350 consistently, it will hugly expand its popularity during the next bull run. Another tool CoinMarketCal tracks the events of cryptocurrencies and Nervos has accomplished many things.
One more impressive thing is that “CKB price prediction” breaks out on Google trends.
CKB is now accessible on nearly 50 exchanges and it’s not listed on Coinbase US or Coinbase Global. Once listed, it is accessible to more people and the price will surge.
In the end, Ryan also goes deep dive into the market structure and technical analysis. He concludes that CKB has the huge potential to go up.
In this video, Ryan has made a small mistake on the inflation rate of Nervos CKB, which can be found on CKB explorer. The actual nominal inflation rate of CKB is 16.5% at launch and it drops every year, not 27.58% shown in the video.
If we compare the inflation rates of Bitcoin, Ethereum and Nervos CKB, we will find that in the early years, the inflation rates of Bitcoin and Ethereum were much higher than CKB.
“It took 4 years for Bitcoin to lower the inflation rate to below 20% (click to see Bitcoin inflation rate) and it took about 3 years for Ethereum to lower the inflation rate to below 10% (click to see Ethereum inflation rate). The nominal inflation rate of CKB is below 20% (16.5%) at launch, and if you stake your CKB into the Nervos DAO, the real inflation rate for you drops to below 10%.”
Despite the small error Ryan made, his video is very worthy to watch at https://www.youtube.com/watch?v=X_KJGwb81-o.
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