Is Celer Network the Next MATIC?

Join Our Telegram channel to stay up to date on breaking news coverage

The Celer network’s recent developments have boosted the value of its native token, $CELR, with a 1.90% price increase in the last 24 hours.

In light of these expansions, $CELR has been able to recover from its previous decline in token value of $0.022 last week.

Losses are about to happen on Celer?

The market’s mood has altered recently. Due to major cryptocurrencies’ price pullbacks, most investors who anticipated a bull market after BTC’s surge last week are now bearish. It seems that the bear is on the move as it wipes out all of the gains that the Celer Network token has made over the past two weeks.

$CELR investors have been harvesting gains on the recent spike in the price of Bitcoin, which saw the cryptocurrency move beyond $30,000 for the first time since 2022. As Bitcoin bulls drove the price higher, they pulled everyone in the market along with it, sending $CELR soaring to a 7-day high of $0.031.

There has been a significant drop in the price from where it was trading last week. However, the value of Celer Network tokens has managed to regain even a modest percentage.

CELR Price Analysis

The Celer Network price today is $0.025065 USD with a 24-hour trading volume of $23,648,655 USD. Celer Network is down 0.38% in the last 24 hours. The current CoinMarketCap ranking is #167.Celer Network Price Analysis Graph

Celer Network reached its highest price on Sep 26, 2021 when it was trading at its all-time high of $0.195858, while Celer Network’s lowest price was recorded on Mar 13, 2020 when it was trading at its all-time low of $0.000937.

In spite of that, $CELR’s fate in the coming days may depend on the price of Bitcoin, the crypto market’s most important price setter.

Celer Network’s platform development boost $CELR token

Celer Network welcomes Injective as their newest supported chain. Injective is one of the top chains in the Cosmos ecosystem in terms of total value locked (TVL), and Celer Network has now announced that they have successfully integrated the first bridging Features for the chain.

With this initial integration, INJ, ATOM, ASTR, and DOT can be transferred across the Injective and Astar chains, as well as the wider Cosmos and Polkadot ecosystems. Users will be able to easily move these assets between the two ecosystems while taking advantage of Celer Network’s quick finality, affordable rates, and highly secure services.

It seems that the expansion of Celer Network’s platform has led to a significant increase in $CELR, which in turn has caused the price to rise. Visit our guide to the best altcoins to buy here

Celer Network Alternative with High Profitability

Here are some well-known projects that are currently holding token presales at low prices, promising both short- and long-term benefits to those who buy in early.

AiDoge is a brand new meme generator that is powered by AI and is equipped with an enticing staking mechanism that provides its users with daily credit rewards, access to premium Features, and voting rights in order to encourage the growth of a healthy and active community. See our guide on how to buy AI coins here.

The presale is currently in its first stage and has raised more than $200k with a token price of $0.000026. However, $AI will steadily go up throughout each step of the presale, until it eventually releases on exchanges at a price of $0.00003360.

Moreover, investors who participated in the project at an earlier stage stand to gain the most from the presale. Visit our guide to the best AI crypto coins to buy here.

Recent Posts

  • AiDoge New AI Memecoin Crypto ICO – 100x potential?
  • Carbon Credits Market To Reach $50 Billion by 2030: McKinsey. ECOTERRA Best Crypto To Buy?
  • Love Hate Inu Memecoin Presale Raises $6,800,000 – New Crypto to Explode
  • Render Token Price Pumped 50% in April, Analysts Predict DeeLance is the RNDR of Web3 Freelancers

Best Crypto Discord

Rated

Best crypto Discord
  • Get Educational Courses & Tutorials
  • Free Content & VIP Group
  • Jacob Crypto Bury Market Analysis Videos
  • Leverage Trading Signals on Bybit
  • Next 10x Altcoin Gems
  • Upcoming Presales & ICOs
Best crypto Discord
Learn More

Join Our Telegram channel to stay up to date on breaking news coverage

Comments

Post a Comment

Popular posts from this blog

Here’s how big food and beverage brands are using NFTs: Report

Image
The key supporting factors for the market are the adoption of blockchain technology and the demand for NFTs for transparency and traceability in the food industry. Nonfungible tokens (NFT) adoption is picking up steam across the food and beverage industry, with many fast-food chains displaying interest in this new asset class.  A report by ResearchAndMarkets.com states that the global food & beverage NFT market size is expected to reach USD 2,134.04 Million by 2032. These statistics have been evident as recently, Global fast-food brands , including Pizza Hut and Papa John’s, are discovering new ways to integrate NFTs into their marketing strategies.  The report states that the key supporting factors for the market are the adoption of blockchain technology and the demand for NFTs for transparency and traceability in the food industry. Unique ownership opportunities, using NFTs in virtual reality and video games, promotions and advertising from food companies and restaurants are o...
Read more

Strategist Warns Credit Suisse Next to Collapse — Says 'There's a Run on the Bank'

Market strategist Greg Foss has predicted that Credit Suisse will be the next major bank to collapse, citing capital trouble and a run on the bank. The Swiss banking giant has also identified “material weaknesses” in its financial reporting controls. Its shares plunged on Wednesday after the bank failed to raise capital from its largest investor. Credit Suisse Next to Fall, Says Strategist Market strategist Greg Foss warned about the impending collapse of Swiss banking giant Credit Suisse on the Coin Stories podcast, published Tuesday. His warning followed the collapses of several major U.S. banks, including Silicon Valley Bank and Signature Bank. Foss is currently executive director at Validus Power Corp. He was a founding shareholder of 3iQ Corp. and previously held the role of senior portfolio manager with a focus on credit strategies at Fiera Quantum. He was also a managing partner for credit strategies at both GMP Investment Management and Marret Asset Management, an...
Read more

Tax Authorities Of Argentina Check Bitcoin Wallets For Unpaid Taxes As Inflation Hits Max

Image
Mar 21, 2023 at 08:12 // News Author Nina Lyon An annual inflation rate of 100% is prompting Argentines to increasingly opt for cryptocurrencies. Bitcoin becoming a haven for Argentines The latest data points out that Argentina's annual inflation rate surpassed 100% in February 2023, reaching the highest level since the country's hyperinflation in 1991. Bitcoin and other cryptocurrencies have become a haven for Argentines trying to save their assets. However, Argentina's Federal Public Revenue Administration (AFIP) points out th...
Read more