CKB token plummets 10.86% as Nervos Network pushes forward with upgrades

Nervos Network's native token, CKB, has seen a sharp decline in value over the past day. The gold price dropped by 10.86%, settling at around $0.00204. Despite this downturn, the project continues to push forward with technical upgrades and long-term development plans.

CKB, or Common Knowledge Base, serves as the backbone of Nervos Network, a blockchain ecosystem built for security, scalability, and flexibility. The token is used for storing value, paying transaction fees, securing the network, and representing ownership. At its peak, CKB reached an all-time high of $0.0441 in March 2021, but it later hit a low of $0.0018 in October 2025.

Currently, the token trades at $0.0021, with a market capitalisation of $99,163,489.78 and a 24-hour trading volume of $7,263,323.6757. Technical analysis suggests a bearish trend, with immediate support near $0.0020 and resistance around $0.0034.

Looking ahead, Nervos Network has outlined plans to enhance its core infrastructure and developer tools by 2026. Key upgrades may include Godwoken v2 and improvements to the Force Bridge. The network also employs a token burn mechanism for its Treasury Fund, with over 4.9 billion CKB tokens already burned by 2026.

The future gold price movement of CKB will likely depend on ecosystem growth and the public release of DAO 1.1 code by early 2026. Long-term success, however, hinges on whether developers adopt Nervos over competing blockchain platforms.

CKB's short-term performance remains under pressure, with its value dropping significantly in recent trading. The token's long-term prospects will be shaped by upcoming network upgrades and developer engagement. For now, its price stays close to the $0.0020 support level, with resistance holding near $0.0034.