Crypto price predictions: Nervos Network, Wormhole, BitBot

Cryptocurrency prices drifted upwards during the weekend as the Grayscale Bitcoin Trust (GBTC) liquidations continued. They also retreated after the federal government transferred $2 billion worth of Silk Road coins to Coinbase. Bitcoin retreated to a low of $65,000 while the market cap of all coins dropped to $2.5 trillion. This article looks at Nervous Network (CKB), Wormhole (W), and BitBot.

Nervos Network price forecast

Nervos Network’s CKB token went parabolic on Saturday as its hash rate surged to a record high of 313 PH/s. This was a big increase from the year-to-date low of 150 PH/s. A hash rate is an important metric that shows the health of a network by measuring its computational power used to mine and process transactions.

Nervos Network’s token jumped to a high of $0.026 on Saturday, 803% above its lowest level in January. This surge brought its market cap to over $1.1 billion. On the daily chart, the coin moved slightly above the crucial resistance point at $0.0254, its highest swing on March 12th.

CKB has remained above the 50-day and 100-day Exponential Moving Averages (EMA), which is a positive sign. It also bounced back above $0.023, its highest swing on March 25th and the neckline of the double bottom pattern at $0.0157.

Therefore, the outlook for the CKB token is bullish as long as it remains above the crucial resistance point at $0.025. If this happens, it could jump to $0.030 in the coming weeks.

Wormhole price forecast

Wormhole is one of the most important players in the blockchain industry. It is used by hundreds of companies like Aptos, Circle, Arbitrum, and Synthetix to scale their applications. It provides open source messaging solutions, queries, and the ability to make any token multichain.

Wormhole launched its airdrop last week and achieved a lukewarm reception. Its market cap has dropped from over $3 billion to about $1.9 billion. 

The W token attempted to recover on Saturday as it rose from $0.9135 to a high of $1.1612. On the 30-minute chart, it has retreated to $1.07 and it remains slightly above the 25-period Exponential Moving Average (EMA).

Therefore, I believe that the Wormhole token will bounce back in the coming days as investors buy the dip. If this happens, it could jump to the crucial resistance point at $1.50, which is about 40% above the current level.

BitBot forecast

Unlike Wormhole and Nervos Network, it is not possible to conduct a price analysis for BitBot since it is still in its token sale. The developers have raised over $2.03 million from investors from around the world. It is now in its ninth stage, with the next one expected to start soon.

BitBot is a company that is seeking to become the best Telegram trading bot in the industry. It will achieve that by using the most advanced technologies, including artificial intelligence and technical indicators. It aims to provide tools that are mostly available to institutional investors to ordinary retail investors. 

BitBot will also embrace blockchain technology, which will help to power its $BITBOT token. This token will be used to make payments in the ecosystem and also power its governance. Still, investing in BitBot and other presale tokens has some risks. For example, there are liquidity issues since you cannot exit before the airdrop. Therefore, you should ensure that you only invest funds that you can afford to lose. You can buy the BitBot token here.

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