Is Celer Network the Next MATIC?

Updated: 28 April 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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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 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.

📢#Celer ecosystem welcomes @Injective_ as our newest supported chain!
🌉#cBridge users can now bridge $INJ, $ATOM, $ASTR, $DOT between @Injective_ and @AstarNetwork quickly and securely!
🔓Allowing them to tap into the opportunities in @Polkadot & @cosmos https://t.co/6Hxz3FGJkK

— CelerNetwork (@CelerNetwork) April 25, 2023

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.

Hey #AiDogeArmy! 🐶

The #Presale is now live! 🚀

Don't miss out on the opportunity to be an early supporter of the AI-powered #Memecoin revolution!💰

Get yourself some $AI tokens today!🤖
👉 https://t.co/ijyyM15dky #CryptoCommunity #AiDoge #Altcoins #Presale #Web3 pic.twitter.com/kk0qT4IPSh

— aidogecrypto (@aidogecrypto) April 27, 2023

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.