Is Celer (CELR) a good investment option post its impressive rally?  

Highlights 

  • The Celer Network (CELR) is a layer-2 scaling, which is built on Ethereum blockchains. 
  • Developed by Mo Dong, Junda Liu, Xiaozhou Li and Qingkai Liang, it aims to provide scalable solutions for the users to improve the output of crypto blockchains.
  • According to CoinMarketCap, the CELER was trading at US $0.133570 with a 24-hour trading volume of US $77,24,11,838.

The Celer Network (CELR) is a layer-2 scaling, which is built on Ethereum blockchains. It aims to provide fast, secure and simple off-chain transactions solutions to the users. Developed by Mo Dong, Junda Liu, Xiaozhou Li and Qingkai Liang, it aims to provide scalable solutions for the users to improve the output of crypto blockchains.

Ever since the token was launched in 2019, it has managed to keep the investors interested in the token and it hit an all-time high at US $0.1086 on 15 September.

Investors find the token worthy of investments because of projects ability to power the decentralised applications (dApps) and how through its unique algorithm its able to give better returns for the investments.

Also read: All Crypto Transactions Are Illegal, Says China's PBOC

What makes Celer unique

Being a networked system, Celer offers the users the ability to make fast payments in a simple and secure manner. Besides, it also offers smart contracts which allows one to manage and operate dApp with a high degree of scalability and increases the productivity of the network.

As Celer accommodates a diverse set of niches such as DeFi, gamers, and its Layer-2 infrastructure provides the requisite security to the protocol. The CELR also comes across with the advantage that the protocol has not been breached yet, thereby reaffirming its security. The transaction speed also gives it a superior edge as customers are now able to save time as well as cost of the transaction as well.

Also read: Can Monero breach $300 level by this year end?

Earlier this year in July, the Celer Network launched the mainnet version of cBridge. With this the users can easily swap their assets across blockchains such as Ethereum, Arbitrum, Polygon and Binance Smart Chain.

Why Celer is a good investment

Celer is governed by its native token CELER and is ranked 106 on CoinMarketCap. According to CoinMarketCap, the CELER was trading at US $0.133570 with a 24-hour trading volume of US $77,24,11,838. At the time of writing (BST 1:10 pm), CELER was up by 13.57% in the last 24 hours. CELER crypto has a live market cap of US $78,97,09,612 with a circulating 5,91,23,36,993 CELR coins. 

Also read: Can Oxygen (OXY) crypto go past US $3 post Kraken listing?

Celer can ride on the DeFi boom and become a great investment option. It has the bullish sentiment that is driving the investors towards it and of late ever-since it has started showing the rally, it is proving to be a great token for people who are looking to profit from short-term rally.

Comment


Disclaimer