- What is Celer Network?
- Celer Eco-System
- How Does Celer Network Work?
- What is a Celer Coin?
- Celer Network Technical Analysis
- Celer Network Price Predictions 2022-2026
- Celer Network Price Prediction 2022
- Celer Network Price Forecast 2023
- CELR Token Price Prediction 2024
- Celer Network Price Prediction 2025
- Celer Network Price Forecast 2026
- Frequently Asked Questions
- Buy Celer Network
What is Celer Network?
Celer Network is an off-chain layer-2 scaling platform for multiple blockchains and cross-layer support. The peculiar design of Celer can bring fast, secure, low cost, interoperable and off-chain transactions for payments and smart contracts. The project’s main aim is to get mass adoption for blockchain, and it provides low-cost applications on Ethereum, Polkadot, and other blockchains by coupling the State channel and Layer-2 roll up together. Celer is used to cater to various applications, including micropayment, DeFi, and gaming. By leveraging the advantages of scaling techniques and incentives aligned crypto development mechanisms, the project allows anyone to build, operate and use highly scalable decentralized applications.
Celer Network Overview
|Price Change 24h||-1.15%|
|Price Change 7d||-1.39%|
|Circulating Supply||7,085,488,367 CELR|
|All time high||$0.1987|
|All time low||$0.001014|
|Celer Network ROI||-60.55%|
Celer Network was founded in 2018 by four co-founders, Dr. Qingkai Liang from MIT University, Dr. Xiaozhou Li from Princeton University, Dr. Junda Liu from UC Berkeley, and Dr. Mo Dong from UIUC. All are pioneers in blockchain technology and Decentralized financial systems, and they identified off-chain scaling techniques necessary for today’s blockchain for maximum decentralization and scaling capacity. Most importantly, Celer is not a separate blockchain because founders believed that in-house systems could not solve global blockchain problems. Hence, they come up with an off-chain scaling solution.
Celer’s project is unique compared to other crypto projects. Some of its key features include Zero fee-Offset smart contracts, On-chain latency, and fee reduction, and smart scalability with the help of an optimal off-chain payment routing algorithm. Celer provides the user fast and instant interactions, instant payments, interactive games, a decentralized world, and users can do small transactions without any fee. Furthermore, Celer supports developers by facilitating easy build SDK and a developer platform, driving mass adoptions, and providing easy monetizations. On top of that, Celer currently supports Ethereum and all EVM Compactible blockchains.
The entire ecosystem stands for decentralization, scalability, off-chain operating networks, and product for attracting more audience into the project. Celer ecosystem comes up with applications such as Layer2.Finance, cBridge, and Celer SDK.
Firstly, ‘Layer2.Finance’ is an invention that allows users to access all DeFi protocols at a fraction of cost. Layer2.Finance acts like a DeFi public transportation system, and it scales up the existing DeFi protocols with no protocol migration, no liquidity segregation, and a one-stop-shop user experience.
Secondly, the cBridge is a multi-cross-chain asset bridge that enables immediate, low-cost, and value transfers across all Ethereum Layer2 chains. Users can connect wallets and do transactions or provide liquidity using the app.
Thirdly, with Celer SDK, developers can easily build low-cost blockchain applications for gaming, DeFi, and cross-blockchain interactions. Adding to that, some of the key products of the Celer Network include CelerX, which is the payment app. CelerX is available on both mobile and web; it was launched in 2019 and provided easy and quick transactions between two parties.
How Does Celer Network Work?
It is best to fully scale-out decentralized applications to bring most transactions off-chain. The related solutions of the same are referred to as Layer2 scaling technology that includes state channel, roll up, and many more. Hence, Celer Network consists of a State channel network, State guardian network, Celer roll up, liquidity backing Celer uses a Proof-of-Stake (PoS) consensus variation on every single transaction called Delegated Proof of Stake (DPoS).
Celer Network’s crypto economic and technology stack consists of cStack, CEconomy, State Channel Network, SGN, and Celer Rollup.
- cOS is the core of the network to provide a workflow. It includes common design patterns and handles all chain states’ operations, storage, tracking, and dispute. It brings mass adoption to dApps with easy API and Software development kit.
- Channel is for instant transactions settlement, a bridge between multi-chain and multi-layer assets, high-performance, flexible upgradeable, and fully production-ready.
- cRoute is for generalized conditional value routing across a network. It consists of multiple chains and layers, and it is fully decentralized with high failure resilience.
cEconomy is an offline crypto-economic incentive structure model for maintaining stable liquidity.
- State guardian network provides an efficient computation engine for state dispute, solves connectivity challenges, and provide an efficient computation engine.
- Proof of liquidity commitment incentivizes a stable liquidity pool.
- The liquidity backing option provides an efficient liquidity market for a chain scaling network.
State Channel Network:
A state channel admitted mutually disrespectful parties to the smart contract and quickly settled on the latest agreed states. Celer Network’s state channel is a generic framework of state channels with deeply optimized on-chain contracts and off-chain messaging protocols, and this will quickly integrate with layer 1 blockchain. The Celer state channel consists of system architecture, on-chain contracts, CelerPay off-chain protocol, and Celer App contracts. The system architecture of the Celer channel network consists of CelerPay, Celer App, and Celer Node.
- CelerPay is a payment channel. It supports the off-chain token transfer with the arbitrary conditions on-chain verifiable states. It has a set of on-chain intelligent contracts and off-chain communication protocols and serves as an edge of the state channel network. An off-chain payment can be multi-hops and traverse through multiple CelerPay channels.
- Celer Apps are generic state channels that can express any application logic. They uncover standard query API for CelerPay so that payment conditions are based on CelerApp’s outcome.
- CelerNodes are the endpoints that can run state channel protocols of CelerPay and CelerApps. At this point, CelerNode joins the network; it can send off-chain payments to any other nodes in the network.
State Guardian Network:
It is an efficient and scalable side-chain that provides reliability and decentralized services to avoid the security risks of state channels and hassles caused by off-chain availability problems. SGN system includes four things.
‘Main chain contracts’ which hold the CELR Staking process, ‘Delegators’ who stake tokens on main chain contract to vote for governance, ‘Validators’ for SGN services, and calculate reward distribution, and ‘Users’ are clients who pay service fees to the main chain contract and submit a service request to the side chain.
Rollup is for scaling layer 1 blockchain. It is a separate and faster chain tied to layer 1 blockchains for security power. The separate layer 2 rollup chain is for computation and stores data of its own. Layer 1 can be used to verify the layer 2 state transition—Celer Rollup helps solve the scalability problems of Layer 1 with a primary focus on the DeFi application.
What is a Celer Coin?
CELR is the native ERC-20 token of the Celer Network based on the Ethereum blockchain. CELR enables payments for handling blockchain transactions, used for multiple incentives systems, and service transaction fees to off-chain service providers. It can be used for staking in the SGN, and CELR holders can stake it to SGN to become the state guardians. Celer Network is unique from other crypto projects. CELR tokens help cEconomy in the following ways:
- CELR is an incentive for maintaining a stable and abundant liquidity pool in the PoL commitment process.
- CELR uses SGN as a membership token to protect state availability. CELR token stakers can get a service fee for various services they provide for the network.
- The token can be used to pay the service fee and transaction fee to off-chain service providers.
- CELR is used for liquidity backing auctions to increase the priority of liquidity support applications.
CELR token has a maximum supply of 10 Billion tokens, among which 25% is reserved for PoLC mining rewards and ecosystem building, 17% for foundation, 20% for the team, 5% for marketing, and 33% for sale. Seed sales comprise 11.5% of the total supply, and private sale comprises 15.5% of the total supply. The private sale was happened in Aug 2018 and raised $23.255 M. The launchpad sales consist of 6% of the total supply with a total raise of approximately $4000,000. In March 2019, the sale of CELR tokens happened in Binance Launchpad. Major liquid trade pairs of CELR include CELR/USDT, CELR/BTC, CELR/BUSD, and CELR/BNB.
Celer Network Technical Analysis
Considering the past price movements of the Celer Network, from starting of 2021 onwards, the Celer Network started its upward journey. Though considerable volatility existed throughout; still, the Celer Network was a good swing option for crypto aficionados, whereas December 2021 has been driven by negative sentiments for most altcoins.
The Celer Network price is noted at a $0.06678 rate, with a 24-hour trading volume of $61,422,066.44. The current market cap is $456,724,353.36, with a circulating supply of 6,839,393,957 CELR. The all-time high is $0.1987, which was on Sep 2021, and the all-time low was $0.001014.
Although there was a sideways movement initially, the Celer Network made a medium-term high at $0.0393 on 30th March 2021. Celer Network has created a round bottom on the daily chart; later, the CELR price change has surged to $0.19, marking an all-time high. After the all-time high CELR token witnessed a brutal downfall, the average trading price made continuous lower highs. Ultimately Celer Network (CELR) has not been able to recover from the collapse till now.
Technical analysis on daily chart intimate prices are moving through a falling channel, from December first week onwards it has fallen below the trendline. Consequently, Celer Network (CELR) settled below 20 EMA, 50 EMA, and 200 EMA. Despite the small rises, the CELR price exhibits a heavy crash.
The accumulation distribution line is moving towards the same direction as the Celer Network price movement, which means the bearish momentum is likely to continue. Trading volume indicators appear to be down; traders are not interested in trading in the Celer Network.
From the chart, the current Celer Network price is trading below the line of the Bollinger band. F&G index indicates that investors and traders are still confused about buying decisions and waiting for a bull hand of the Celer Network.
Looking at some of the major technical indicators, MACD started moving just above the signal line, which is a positive sign. RSI is placed at 62.96.
The average directional index is 39.29 indicating a weak negative trend. Williams %R placed at -41.86, still selling pressure remains in Celer Network.
The current price of Celer Network has taken support at $0.0581 and trying to bounce from this level. Any skids below this may seek support at $0.044, and major support is placed at $0.031.
On the other side, the next resistance is placed at $0.087. A bounce can take the CELR Network price to $0.102; above this, bulls may seek out momentum. Celer Network coin price is expected to face the next hurdle at a $0.142 value. This is a hardship for the Celer Network when considering the current momentum, and it is not possible within a short-term period.
Briefly putting the technical analysis, the Celer Network value is cautiously down in the daily chart and revealing a waning negative momentum compared to its highest price. There is no confirmatory trend direction in the chart by looking at technical indicators and chart patterns. Some of the technical indicators are still strongly bearish, and some of them are trying hard to turn to an uptrend.
For a trend confirmation, at least three or four trend indicators should confirm the exact direction, or there should be a clear bullish candlestick formation on the chart. Both have not happened till now. The coin has formed a weak green candle for the current trading session, but the patterns and indicator specify it will form a red candle for the next one or more trading sessions. For taking an entry, a clear breakout or indicator confirmation is necessary. Hence, the price of Celer Network needs to cross the major resistance level or its 200 EMA to avoid high risk for a long-term investment.
Celer Network Price Predictions 2022-2026
Cryptocurrency is comparatively a novel investment option as it is always interesting to know about the future of a coin to invest in. Cryptocurrency is moreover coming under the category of speculative investment and involves high risk. So accurate long-term CELR price prediction always involves an ample amount of skepticism. From the historical data of the Celer Network, this has given around significant returns in 6 months and last year while CELR price is leading to a loss for the last one month. Will Celer Network bounce back any time soon? Will Celer Network go high? Let dig into Celer Network crypto long-term price predictions! You can know more about other crypto forecasts by clicking here.
Celer Network Price Prediction 2022
The current price of Celer Network is $0.09149, in 2022. In the first quarter itself, the Celer Network will reach $0.0964, subsequently crossing $0.116. In the second half of 2022, the Celer Network might be trading within the minimum price level of $0.0819 and maximum price level of $0.0931. The average price level is speculated at $0.0890.
Celer Network Price Forecast 2023
Celer Network (CELR) price prediction anticipated a beginning at $0.12. There is a prognostication that in 2023 bulls will take over the journey. A maximum average price of $0.11 is foreseeing. Just like the previous year, there may be a drop in December 2023, and the minimum value CELR may touch is $0.0882 as per our Celer Network price prediction.
CELR Token Price Prediction 2024
CELR coin forecast for 2024 is expected to commence at $0.274. Within the initial quarter, bullish CELR price movements may touch $0.32001. Celer Network price predictions are foreseeing a surge towards $0.373 by the end of the year—the gradual rice with an average price level of $0.3021.
Celer Network Price Prediction 2025
CELR price prediction 2025 is foreseeing an optimistic beginning at $0.16. The maximum price expected is $0.14, and the average price is $0.13 based on the Celer Network forecast. The expected minimum price value is $0.11.
Celer Network Price Forecast 2026
Based on the past market data, the expected minimum price value might be around $0.11, with an average trading price of $0.12. As per our Celer Network forecast, the price of Celer Network may even cross the $0.13 mark with a subsequent rise in the market cap data. In a nutshell, CELR can be considered a profitable investment and new addition to the portfolio from future price levels according to our Celer Network price prediction.
Frequently Asked Questions
Is Celer Network a good investment?
CELR price forecast unrevealing it’s long-term earning potential, but it is important to keep in mind. The cryptocurrency market has uncertainty and a good amount of volatility. So the price predictions of Celer Network cryptocurrency may not be accurate; digital coins’ price depends on the coin’s performance, market capitalization, and many more. Hence own research is necessary before investing in the coin.
How to buy Celer Network (CELR)?
CELR is trading with major cryptocurrency exchanges such as Gate.io, Bithumb, OKEx, Crypto.com, CoinDCX, WazirX, BKEX, HotBit, and many more. Celer Network Coin Price Prediction is bullish for the long term. Both the maximum price level and the average price level are seeing growth.
Will Celer Network price increase in the future?
Yes definitely! Celer Network price will increase in the future! Celer Network is expected to cross the $0.5 mark by the year 2026, as per our technical analysis! With an increase in the value, the market cap for Celer Network will also increase in the future!
What will Celer Network Price Prediction 2030 be?
Based on our data, the CELR price may create a new high of $0.32 by 2030. The average price is expected to be around $0.31 with a minimum price level of $0.30 as per our technical analysis.