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Celer Network

Celer Network priceCELR

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CELR
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1 CELR = 0.02784 USD
Last updated 2024-04-23 13:35:10(UTC-0)

Celer Network price live data summary

The live price of Celer Network is $0.02784 per (CELR / USD) today with a current market cap of $215.56M USD. The 24-hour trading volume is $4.62M USD. CELR to USD price is updated in real time. Celer Network is -2.18% in the last 24 hours. It has a circulating supply of 7,743,424,000 .

What is the highest price of CELR?

CELR has an all-time high (ATH) of $0.1987, recorded on 2021-09-26.

What is the lowest price of CELR?

CELR has an all-time low (ATL) of $0.001014, recorded on 2020-03-16.

Celer Network price performance in USD

24h7d30d90d1yAll-time
-2.18%+15.31%-10.56%+68.68%+15.48%-8.67%

Celer Network price history in USD

TimeLowHigh
24h$0.02764$0.02901
7d$0.02312$0.02920
30d$0.02154$0.03897
90d$0.01570$0.03953
1y$0.01022$0.03953
All-time$0.001014(2020-03-16, 4 years ago )$0.1987(2021-09-26, 2 years ago )

Celer Network market information

Market cap
$215,557,499.8
-2.18%
Fully diluted market cap
$278,374,911.18
-2.18%
Volume (24h)
$4,623,556.77
+4.19%
Market rankings
Circulation rate
+77.00%
24h volume / market cap
0.0214
Circulating supply
7,743,424,000 CELR
Total supply / Max supply
10B CELR
-- CELR

Celer Network ratings

Average ratings from the community
4.6
100 ratings
This content is for informational purposes only.

Celer Network Social Data

In the last 24 hours, the social media sentiment score for Celer Network was 3, and the social media sentiment towards Celer Network price trend was Bullish. The overall Celer Network social media score was 0, which ranks 639 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,626,636 times, with Celer Network being mentioned with a frequency ratio of 0.01%, ranking 432 among all cryptocurrencies.

In the last 24 hours, there were a total of 332 unique users discussing Celer Network, with a total of Celer Network mentions of 105. However, compared to the previous 24-hour period, the number of unique users increase by 1%, and the total number of mentions has decrease by 0%.

On Twitter, there were a total of 2 tweets mentioning Celer Network in the last 24 hours. Among them, 0% are bullish on Celer Network, 0% are bearish on Celer Network, and 100% are neutral on Celer Network.

On Reddit, there were 46 posts mentioning Celer Network in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 8% . Additionally, there were 0 comments mentioning Celer Network. Compared to the previous 24-hour period, the number of mentions decrease by 0%.

Visão geral das redes sociais

Average sentiment(24h)
3
Social score(24h)
0(#639)
Social contributors(24h)
332
+1%
Social mentions(24h)
105(#432)
0%
Social dominance(24h)
0.01%
Twitter
Tweets(24h)
2
0%
Twitter sentiment(24h)
Bullish
0%
Neutral
100%
Bearish
0%
Reddit
Reddit score(24h)
11
Reddit posts(24h)
46
-8%
Reddit comments(24h)
0
0%

About Celer Network(CELR)

What Is Celer Network?

Celer Network is a layer-2 scaling solution, aiming to bring enhanced interoperability and scalability to blockchain networks. It was founded by four PhDs from MIT, Princeton, UC Berkeley, and UIUC, and it strives to facilitate swift, low-cost, and secure off-chain transactions across multiple blockchains. Celer Network is designed to address the inherent trade-off between scalability and decentralization in blockchain networks by employing advanced off-chain scaling techniques. This enables it to process a higher volume of transactions off the main chain, making it a pivotal innovation in the blockchain space.

Celer Network focuses on optimizing smart contract operations and increasing the throughput of off-chain transactions, offering a seamless experience for decentralized applications (DApps) across various blockchain platforms like Ethereum and Polkadot. The protocol is not just an optimization but a necessity for supporting fully scalable DApps with enhanced privacy and uncompromised trust and decentralization. It stands as the inflection point for blockchain mass adoption and is poised to be the engine behind all large-scale decentralized applications.

Resources

Official Documents: https://im-docs.celer.network/developer/celer-im-overview

Official Website: https://celer.network/

How Does Celer Network Work?

Celer Network employs a combination of state channels, similar to Bitcoin’s Lightning Network, and a Distributed Balanced Routing algorithm to enable instant, low-cost transactions with higher throughput. It operates on a proof-of-stake (PoS) consensus mechanism built on Tendermint, allowing different blockchains to communicate, acting as a sidechain that provides layer-1 blockchain-level security with CELR as the platform asset.

Celer has developed several key components, including cChannel, which interfaces with layer-1 blockchains like Ethereum and updates the layers on top of it with the current blockchain states. It also employs cRoute, utilizing a routing approach known as Distributed Balanced Routing (DBR) to distribute traffic through congestion gradients, achieving 15x higher throughput than other state channel solutions. Additionally, Celer has developed cOS, a user-friendly framework and runtime for creating, running, and using scalable off-chain DApps, allowing developers to focus on building great user experiences while the system handles the technical complexities of off-chain scaling.

Celer’s solutions are built upon the State Guardian Network (SGN), a PoS blockchain based on the Cosmos blockchain, where validators oversee Celer’s smart contracts across different chains, relaying messages or transfers to the relevant contracts on the target chain. Celer also features the Inter-chain Message Framework (IM) and cBridge, facilitating swift and cost-effective value transfers across various layer-1 and layer-2 chains and enabling developers to create multi-blockchain applications with the simplicity of a single-transaction user experience.

What Is CELR Token?

CELR is the native token of Celer Network, serving multiple purposes including staking, transaction fees, and governance. CELR staking allows users to participate in network security and earn rewards, and the tokens are also used to pay transaction fees, contributing to the network’s economic model. Furthermore, CELR holders have a say in the platform’s development and decision-making processes through governance mechanisms.

Celer Network's Impact on Finance

Celer Network is poised to have a transformative impact on the financial sector, particularly in decentralized finance (DeFi). It addresses the persistent challenges of high transaction fees and slow confirmation times on platforms like Ethereum by enabling faster and cheaper transactions. This enhancement in efficiency and accessibility can revolutionize DeFi platforms, opening new possibilities for users and developers alike.

Celer Network’s technology is versatile, finding applications in decentralized exchanges, bridges, yield aggregators, lending protocols, and governance, allowing seamless interaction and transaction across different blockchains. It enables users to swap tokens, send tokens and NFTs across multiple chains, manage multiple blockchain vaults, and use liquidity or collateral on one chain to borrow assets on another chain from a single platform, thereby fostering innovation and user convenience in the financial sector.

What Determines Celer Network's Price?

The price of Celer Network's token, CELR, is influenced by a myriad of factors, reflecting the dynamics of the cryptocurrency market. Cryptocurrency prices, including that of CELR, are primarily determined by supply and demand dynamics, investor sentiment, and market speculation. When there is a surge in cryptocurrency adoption and positive cryptocurrency news, it often leads to increased demand, driving up the price. Conversely, adverse cryptocurrency news or regulatory developments can lead to price declines. Cryptocurrency enthusiasts and experts closely monitor these factors, analyzing cryptocurrency charts and trends to make informed price predictions for 2023 and beyond.

Market liquidity also plays a crucial role in determining the CELR price. The ease with which the token can be bought or sold in the cryptocurrency market impacts its price stability. Tokens like CELR can be bought on leading exchanges such as Bitget, where liquidity is typically high, offering more stable prices. Additionally, the broader crypto market volatility, cryptocurrency risks, and security concerns can significantly impact the price of CELR. Cryptocurrency enthusiasts and potential investors are advised to conduct thorough cryptocurrency analysis and consider crypto portfolio management strategies before making investment decisions, assessing whether CELR aligns with their risk tolerance and investment goals for the best crypto investment for 2023.

How to buy Celer Network (CELR)

Buying Celer Network on Bitget is fast and simple.
You just have to create an account, complete identity verification, deposit funds, and your trading journey is all set!
For more information, refer to How to buy Celer Network (CELR) .

Trade CELR perpetual futures

After having successfully signed up on Bitget and purchased USDT or CELR tokens, you can start trading derivatives, including CELR futures and margin trading to increase your income.

The current price of CELR is $0.02784, with a 24h price change of -2.18%. Traders can profit by either going long or short onCELR futures.

Join CELR copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or CELR tokens, you can also start copy trading by following elite traders.

People are also inquiring about the price of Celer Network.

What is the current price of Celer Network?

We update our Celer Network to USD price in real time. Get the live Price of Celer Network on Bitget.

What is the 24 hour trading volume of Celer Network?

Over the last 24 hours, the trading volume of Celer Network is $4.62M.

What is the all-time high of Celer Network?

The all-time high of Celer Network is $0.1987. This all-time high is highest price for Celer Network since it was launched.

Can I buy Celer Network on Bitget?

Yes, Celer Network is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy Celer Network guide.

Can I get a steady income from investing in Celer Network?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Celer Network with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

Is Celer Network (CELR) a good investment?

It’s important to emphasize that we cannot provide specific investment advice or recommendations. However, there are some general factors and features that investors might consider when evaluating the potential of a project like CELER: Technology and Use Cases: CELER Network’s unique technology, particularly its layer-2 scaling solutions and support for off-chain transactions, may be considered valuable in addressing the scalability and interoperability issues faced by many blockchain networks. This technological foundation and the corresponding use cases might attract attention from investors. Market Demand: There is a growing demand for scalability and interoperability solutions in the blockchain and cryptocurrency industry. If CELER Network can successfully address these needs, it might see increased adoption and use, which could positively impact its value. Adoption and Partnerships: The level of adoption of the Celer Network and the partnerships it forms can influence its market position. Strong partnerships and widespread use of the network can contribute to its potential success. Development and Updates: Continuous development, improvements, and updates to the Celer Network platform can contribute to its long-term viability and success. Investors might look at the project’s roadmap and the team’s ability to deliver on their goals.

What factors influence CELR price?

General information on the factors that might influence the price of CELR: Technology and Use Case: The underlying technology of Celer Network and its use case, particularly its solutions for scalability and interoperability in blockchain networks, could influence its perceived value. Adoption and Partnerships: The level of adoption of the Celer Network and any partnerships formed with other projects or companies can affect the demand for CELR tokens. Market Sentiment: General market sentiment towards cryptocurrencies and blockchain technology can have a significant impact on the price of CELR tokens.

What is the use case of CELR?

Celer Network stands out as an advanced layer-2 protocol, designed to be integrated atop various blockchain platforms, with the aim to enhance scaling and ensure secure operations via off-chain transactions for both platform users and dApp developers. The inception of layer-2 platforms like Celer Network offers innovative solutions addressing scaling and interoperability—two predominant challenges faced by a myriad of blockchain networks. Layer-2 protocols, including Celer Network, are pivotal for scalability as they function seamlessly without necessitating modifications or updates to the base protocol of the underlying network. They operate as smart contracts on foundational blockchains like Ethereum and maintain interaction with off-chain applications, thereby contributing to the blockchain's efficiency. Celer Network is underpinned by two core technologies—Side Chain technology and the Generalized State Channel Network (GSCN). The integration of Side Chain technology is instrumental in promoting interoperability and facilitating off-chain operations via the GSCN. While the GSCN is inherently complex, it can be likened to the Lightning Network in terms of functionality. Analogous to how the Lightning Network accelerates transactions on the Bitcoin blockchain while reducing costs, the GSCN propels speedy off-chain operations for blockchains, including Ethereum. This mechanism is integral for enabling dApps to scale effectively and efficiently, thereby fortifying Celer Network's position in the blockchain ecosystem.

What makes CELR unique?

While Celer Network is among several layer-2 scaling platforms available, it stands out due to its distinctive features and capabilities. One of its notable attributes is the support it offers for multiple blockchain platforms and environments, demonstrating versatility. For instance, it operates efficiently on both DFINITY’s Internet Computer and Ethereum, despite these being considerably different platforms. Furthermore, Celer Network excels in supporting off-chain smart contract operations and payments. It utilizes an advanced state algorithm for routing, which boasts a throughput that is 15 times higher than other leading solutions, setting it apart in the competitive landscape. Celer Network holds the distinction of being the first and sole solution of its kind, offering unique features such as dispute resolution, connectivity, state availability, and excess liquidity specifically for off-chain operations. These pioneering characteristics contribute to its reputation as a uniquely positioned and innovative layer-2 scaling platform in the blockchain ecosystem.

What gives CELR token value?

The worth of Celer Network is reflected in the market price of its native token, CELR, though it's essential to note that this market price doesn’t always represent the intrinsic value of the technology behind Celer Network. The intrinsic value is assessed based on various factors such as technical capacity, the technology itself, diverse use cases, features, and the extent of CELR coin utilization. Serving as a comprehensive solution for off-chain scaling of both transactions and smart contract operations, Celer Network stands out by supporting multiple blockchain environments without necessitating modifications to the foundational protocols. It's compatible with major networks like Ethereum, addressing some of the most critical challenges faced by blockchain ecosystems, including effective scaling and interoperability. These qualities and use cases underscore the value of Celer Network, elevating its stature as a noteworthy project in the blockchain space.

How is Celer Network secured?

Celer Network, known for its integration of both off-chain and on-chain operations, employs the delegated Proof of Stake (dPoS) protocol to enhance its security. This protocol is integral to enabling a system of voting and staking within the network. Stakeholders who actively contribute to securing the network are rewarded through staking the native token, CELR. Delegated Proof of Stake is renowned as one of the most secure and cost-effective solutions in the realm of blockchain-based protocols. This security protocol positions Celer Network as a top contender, ensuring unparalleled security for both developers and users of the network. By utilizing dPoS, Celer Network can maintain a secure and reliable platform, fostering trust among its community and stakeholders.
Cryptocurrency investments, including buying Celer Network online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Celer Network, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Celer Network purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

Trade

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CELR is available for trading on the Bitget Exchange, and can be held in custody on Bitget Wallet. Bitget Exchange is also one of the first CEX platforms to support CELR trades.
You can trade CELR on Bitget.

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Total profit $1,597,355.49
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576.60%
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Total profit $3,821.74
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