Celer (CELR) is an innovative new initiative that aims to help blockchains attain “internet level scalability,” utilizing off-chain scaling methods to achieve billions of transactions per second in a safe and secure environment.
On its website, Celer is referred to as a blockchain compatibility protocol that permits a one-click user interface for tokens, governance, GameFi, NFTs, DeFi, and much more across multiple chains. Instead of launching numerous isolated copies of smart contracts on various blockchain networks, developers can now create inter-chain-native dApps with effective and efficient coherent application logic, shared states, and liquidity utilization. Consumers of dApps powered by Celer IM will gain access to a rich multi-blockchain ecosystem while still enjoying the simplicity of a single-transaction user experience and avoiding laborious manual engagement and communication between several blockchains.
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The Celer IM framework is simple to use and allows for a plug and play upgrade, which often requires no changes to previously deployed commands. Uniswap and Sushiswap are good examples, as they can be changed into an inter-chain-native DEX (Decentralized Exchange) using a simple plug-in.
Making a “multi-blockchain” dApp is currently done by simply recreating the same code for different chains, with the liquidity, application logic, and states of the same dApp on different chains totally disconnected from each other. In fact, all is shared except the user interface and the protocol token.
This method frequently has low liquidity efficiency, unconnected states, and offers a poor user experience. On the other hand, Celer IM enables dApps to realize the full potential of the multi-blockchain world by allowing a single-click user experience. That ultimately benefits from significantly increased liquidity efficiency and coherent application logic.
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Furthermore, DEXes built with Celer IM provide a substantial improvement to the trader experience by quickly and easily routing trades to the deep liquidity pool with a single transaction.
Celer IM also enables a new type of inter-chain lending in which an individual can effortlessly move their assets from one chain’s liquidity pool to another chain’s liquidity pool, everything in a single transaction. They can then borrow assets directly from that new chain. Users will have a simple and clean user experience with this functionality, allowing them to complete their tasks without leaving the lending application!
Celer IM can assist in broadening the reach of NFT marketplaces. An auction will be able to accept bids from chains other than the one where the NFT was originally minted. Furthermore, no individual cross-chain fund transfers are required before the auction results are completed. This substantially lowers the cost of engaging in an NFT auction, lowering entry barriers and expanding the trader pool for the marketplace overall.
The Celer Token (CELR)
The Celer Network protocol token is the CELR token. CELR is often used as a staking token in the SGN to help insure Celer IM’s financial security. Users must pay a fee to the SGN in order to use the message routing service and store the multi-signature attestation. These fees are distributed to CELR stakeholders and validators in exchange for their efforts in securing the network.
Furthermore, the SGN blockchain, as a “tendermint blockchain,” provides block rewards to validators who generate the block. To receive these rewards, CELR tokens must be staked in the SGN. By staking, validators and stakers actively participate in the protocol’s operation while also accepting the risk of reducing the allocated token. Why is this so? If a validator malfunctions or is altered to act maliciously, a portion or even all tokens assigned to this validator can be cut according to slashing rules. CELR tokens that have not been staked receive no rewards.
Who founded the Celer Network?
In 2018, a skilled group of engineers founded the Celer Network. The four co-founders of Celer have all earned PhDs in computer science from prestigious institutions like MIT and UC Berkeley, and they have all had positions in well-known software companies. Members of this team include Dr. Mo Dong, Dr. Junda Liu, Dr. Xiaozhou Li, and Dr. Qingkai Liang.
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Celer (CELR) Overview
| Celer Network Current Price | $0.0157 |
| Price Change (24hrs) | $0.001159 (up by 7.53%) |
| 24hrs Low / 24hrs High | $0.0153 / $0.01629 |
| Trading Volume (24hrs) | $17,225,939.29 (up by 1.50%) |
| Volume / Market Cap | 0.1498 |
| Market Dominance | 0.01% |
| Market Rank | #168 |
| Celer Network Market Cap | $115,008,096.88 (up by 5.46%) |
| Fully Diluted Market Cap | $162,702,805.89 (up by 5.46%) |
| All Time High (Sep 26, 2021) | $0.1987 (down by 91.81%) |
| All Time Low Mar 16, 2020 | $0.001014 (up by 1504.39%) |
| Celer Network ROI | Down by 46.6%. |
| Circulating Supply | 7,068,599,478 CELR |
| Total Supply | 10,000,000,000 CELR |
| Max Supply | 10,000,000,000 CELR |
Celer (CELR) Price Forecast
CELR price movement has been bearish since reaching an all-time high of $0.1987 in September 2021. Will the price of the CELR token increase in the future? The CELR forecast and prediction will be discussed in the following section of this article, but first let’s consider its fundamentals.
Fundamentals
Celer Network’s current price is $0.0157, with a 24hr trading volume of $ 36.76M, a market cap of $ 116.45M, and a market dominance of 0.01 percent.
Celer Network attained its all-time high of $ 0.195858 on September 26, 2021. The lowest price since its ATH was $ 0.010597. The highest CELR price since its last low was $ 0.022127. Celer Network price prediction sentiment according to coincodex is neutral, which is not a cause for worry.
Celer Network’s current circulating supply is 7.07B CELR, with a maximum supply of 10.00B CELR. The current annual supply inflation rate is 26.20 percent, implying that 1.47 billion CELR were created over the last year. Celer Network currently holds the 89th position in the Ethereum (ERC20) Tokens sector, while it also holds the 189th position in the coinmarketcap ranking.
Technical
By July 12, 2022, the value of Celer Network is anticipated to decline by -23.58 percent and reach $ 0.012909, according to the most recent price estimate. Technical indicators from Coincodex indicate that the current mood is neutral while the Fear & Greed Index reading is 18. (Extreme Fear). Over the past 30 days, Celer Network recorded 14/30 (47%) green days and 12.54 percent price volatility. It’s a perfect time to buy Celer Network right now based on our Celer Network forecast.
The majority view regarding the price prediction for Celer Network is neutral, with 12 technical analysis indicators indicating a bearish trend and 16 indicating a bullish trend.
Celer (CELR) Price Predictions
Celer Price Prediction for 2022
The Celer Network may trade at a price between $0.0206 (the lowest possible price) and $0.0239 (the highest possible price). It is estimated that the average price level is $0.0225.
Celer Price Prediction for 2023
The price forecast for Celer Network (CELR) indicates that it will start at $0.022. The maximum average price that is anticipated is $0.0271. Similar to the previous year, there may be a decline in December 2023. According to our prediction for the price of Celer Network, the lowest value CELR may reach is $0.0222.
Celer Price Prediction for 2025
The bullish 2025 CELR price projection sees a start at $0.1. According to the Celer Network prediction, the maximum projected price is $0.13, and the average price is $0.12. $0.1 is the anticipated minimum price value.
Celer Price Prediction for 2030
Available data indicates that by 2030, the price of CELR could reach a new high of $0.33. According to our technical analysis, the average price is predicted to be near $0.32 with a minimum price of $0.30.
FAQs
What is the current price of Celer (CELR)?
At the time of writing, the price of Celer is $0.0157.
What will Celer (CELR) be worth by the end of 2022?
The price of the CELR token is expected to have a maximum price level of $0.0239. Its average value could be around $0.0225 with a minimum value of $0.0206.
What will Celer (CELR) be worth by 2025?
The Celer token is expected to reach a bullish price above $0.1. It is expected to hit a maximum price of $0.13.
Where can I buy Celer Tokens (CELR)?
At the moment, the top exchanges for buying and trading Celer Network (CELR) include Crypto.com Exchange, Binance, OKEx, Gate.io, Bithumb, Uniswap V2, WazirX, Hotbit, AscendEX, etc. On Coinmarketcap, you will get to see a list of other available exchanges where you can purchase the Celer token as well as the available markets for Celer trading.
Will the price of Celer go up?
Celer Network’s price movement is influenced by supply and demand, just like that of any other asset. Technical indicators show that the price of Celer is expected to increase, so now is the ideal time to purchase Celer tokens. The market is extremely volatile, so as always, we strongly advise against investing money you cannot afford to lose. Instead, do your research before making any cryptocurrency investments.