Celer Network has shown that it can make a decentralized, off-chain scaling platform with strong security properties. The project comes from several Stanford researchers and is backed by venture capital firms like FBG Capital, Global Brain, Zhenfund, and DFund.
Celer Network crypto has proven to be a profitable investment for those who joined in the early stages of the token, with an ROI of 337.54%. Celer is the future of Esports and MicroPayments on Ethereum Layer 2; think Matic but is it better?
We’ll look at past Celer Network (CELR) pricing and see what experts have to say about its price movements in the future. Keep in mind that these predictions should be taken just as suggestions from some market experts/analysts.
Today’s district0x price today is $0.055216 with a 24-hour trading volume of $3,962,871. We update our DNT to USD price in real-time. district0x is down 0.89% in the last 24 hours. The current CoinMarketCap ranking is #507, with a live market cap of $33,129,666. It has a circulating supply of 600,000,000 DNT coins and the max. supply is not available.
What is Celer?
Celer Network is a second-layer, off-chain scaling platform. It is designed to address the scalability trilemma of blockchains by simultaneously offering strong security guarantees, low development costs, and high performance. The network consists of both an off-chain operating network and various developer tools:
CelerX: An SDK for trustless off-chain dApps.Celer SDK: A high-level abstraction layer that allows developers to build scalable, secure, and privacy-preserving decentralized applications (dApps).Channel transfers: Enables bi-directional off-chain of digital assets without any settlement delay.
Unlike most scaling projects that address scalability through sharding or Layer 2 techniques, Celer Network is designed to solve the problem differently. The project uses a layered architecture that separates state channel logic from off-chain operating networks and smart contract processing.
Source: Celer Network
Celer Network was developed by researchers at Stanford, UC Berkeley, and Princeton, working on layer two infrastructure for blockchains. They have gone beyond theoretical research and built working prototypes of their models – the first implementation was developed as early as 2016 when it was used to solve a privacy layer on Ethereum.
An off-chain scaling solution is necessary because today’s blockchains are slow and expensive. For example, a simple payment from A to B in a dApp can require up to 22 blockchain confirmations (~30 minutes) and cost over $1 when using the Ethereum mainnet.
Celer Network Overview
CoinSymbolPriceMarketcapChangeLast 24hSupplyVolume (24h)
CELR$ 0.020478$ 115.58 M11.90%5.65 B$ 55.59 M
Celer Network’s vision is to be the cryptoeconomically-driven, Internet-scale computer that will power all decentralized applications. Over the past year, the price change has been about 2249.9%, with the price rising from a minimum price of $0.04023 to a maximum average price of $0.1987 during that period. Celer Network has demonstrated a positive development. We believe that similar segments of the market were viral at that time. According to the most recent data available, Celer Network’s trading volume has risen over the last four months. The trading volume is an essential indicator in determining its price.
The Celer Network Architecture
The Celer Network architecture (cStack) is built on four elements:
ccOS: The core of the network that provides the workflow.cRoute: A mechanism that increases operations capacity by streamlining routes within the network.cChannel: Channels for transmitting transactions within the network.cApps: An ecosystem application layer used for scaling and user privacy.
The platform uses a Proof-of-Stake (PoS) consensus variation called Delegated Proof of Stake (DPoS). With this algorithm, participants may stake their coins for a reward while transferring the responsibility of validating transactions to “delegates.”
CELR holders will provide tokens for liquidity and will receive a reward for doing so. The key point of Celer is that the platform allows layer-2 scaling for any blockchain. Thus, the project covers a wide spectrum of the market, multiplies the liquidity potential, and increases the product’s reliability, coverage, and adaptation.
Who Created The Celer Network?
Celer Network was founded in 2018 by a strong team of engineers with incredibly technical and specialized experience. All four co-founders of Celer hold PhDs in Computer Science from universities like MIT and UC Berkely, and all have a work history with high-profile tech companies.
Dr. Mo Dong is a bonified expert in applying algorithmic game theory and protocol development. He also teaches comprehensive courses on smart contracts. He previously worked as a development engineer and product manager at Veriflow.Dr. Junda Liu graduated from UC Berkeley and worked with Google in 2011 to create the infrastructure for their data center. In 2014, he became one of the founders of the Project Fi mobile service. After that, he took the position of technical manager at Android Tech.Dr. Xiaozhou Li received his education at Princeton. Li interned at Microsoft before working at Barefoot Networks as a software engineer. Today, his published and widely-read academic works span distributed systems, networks, storage, and data management.Dr. Qingkai Liang holds a degree from MIT. As a software engineering intern, he has worked for the MIT Laboratory for Information and Decision Systems (LIDS), Bell Labs, and Google. His research focuses on learning and controlling problems in networked systems, namely online learning algorithms in adversarial networks.
What makes Celer Network (CELR) unique?
Celer is a networked system and not a separate blockchain. The platform instead runs on top of existing and future blockchains. The developers focused on scalability to improve the throughput of crypto blockchains. The founders are confident that in-house solutions will not bring results to future decentralized blockchains (globally). Instead, they propose to solve the problem with their off-chain platform.
The four levels of the cStack architecture are evenly partitioned to provide several unique benefits. The advantages include reduced transaction delays, decreased commission for micropayments; zero commission in working off-chain smart contracts; horizontal scaling in joining new nodes; availability of an off-chain model of cryptoeconomics; an optimal routing algorithm for transactions; and support for various blockchains.
The cEconomy is a unique cryptoeconomic model responsible for maintaining stable liquidity and availability for the ecosystem while creating a network effect. The mining algorithm doesn’t require the use of Proof-of-Work (PoW). Users only need to install the software and keep CELR in their accounts to receive income as a reward for providing liquidity.
How many CELR are in circulation?
CELR has a maximum supply of 10 billion tokens, which is distributed as follows: 25% – PoLC mining reward and Off-chain ecosystem building; 20% – Team (18.3%) and Advisors (1.7%); 17% – Foundation; 5% – Marketing & Ecosystem; 33% – Sale.
CELR is an ERC-20 standard token built upon the Ethereum blockchain. It’s used to manage the network economy – cEconomy and has several uses:
Paying commission fees for service and transactions to off-chain providers and covering additional costs.Staking CELR in State Guardian Network (SGN) and acquiring the status of State Guardian. State Guardians have access to status monitoring, respond to disputes, and provide security and network efficiency.CELR tokens maintain a large liquidity pool in a Proof of Liquidity Commitment (PoLC) process.CELR tokens can be useful in a Liquidity Backing Auction (LiBA) to increase the priority of applications for liquidity support and, as a consequence, increase the payment of interest on liquidity.
How Is the Celer network secured?
The SGN (State Guardian Network) is a decentralized L2 service infrastructure that keeps the Celer L2 platform running smoothly. It securely stores the user state on the Celer State Channel Network and responds to L1 calculations when users are offline. Moreover, the technology allows users to protect their savings before going offline. SGN also acts as a decentralized block producer level for the Celer Rollup, thus maintaining a high level of viability and providing additional security. Users are required to stake CELR to join the SGN. And CELR holders facilitate the protection of the network as a whole.
Where can you buy CELR?
The top exchanges for Celer Network (CELR) trading are currently Binance, Gate.io, Bithumb, OKEx, Crypto.com Exchange, WazirX, AscendEX, (Bitmax), CoinDCX, MXC.com, BitPay, DigiFinex, BKEX, AEX, BiKi, Hotbit, HitBTC, TOKOK, Uniswap V2, TOCENCAN, DragonEX, ZT.
In March 2019, the sale of CELR tokens took place on the IEO platform, Binance Launchpad. As of June 2021, the most liquid trade pairs for CELR on Binance are CELR/USDT, CELR/BTC, CELR/BUSD, CELR/BNB.
How does Celer work?
An overview of the Celer Network architecture
Celer Network contains two main components: an off-chain operating network and developer tools. The Ethereum blockchain powers them through smart contracts (Economic) and cTokens (Gas). The platform is blockchain agnostic; it will start with integration for Ethereum, but later additional blockchains can be added.
The Celer Network platform is maintained and supported by the Celer team. The project’s goal is to be decentralized as much as possible so that third parties can maintain specific components or upgrade them without disrupting service delivery.
CelerX: An SDK for trustless off-chain dApps
Most blockchain applications require users to sign a transaction to prove they have permission for specific actions. For example, when Alice wants to send 1 Ether from an A account, she needs to ask for B and have B send her an authorization token in signed data. After that, Alice can use the Ethereum network’s proof-of-work algorithm to secure funds transfer.
A transaction on the Ethereum blockchain specifies that Alice has permission to withdraw 1 Ether from account A. Source: Etherscan
This introduces several challenges:The process is slow and expensive (it requires paying gas fees and waiting for multiple confirmations).The signing process is complex, requiring expensive development time due to security reasons.The platform can be limited by architecture – for example, when Alice wants to use the same token on another blockchain, she has to redeploy it there, which introduces even more challenges.
Celer Network solves these problems through off-chain transactions. Users sign a transaction off-chain that represents the intention of withdrawal. This proposal is then submitted to the operating network, where it’s put on hold until the transaction is completed (i.e., funds are sent).
The Celer network architecture shows two types of settlement transactions. The first one sends 1 Ether from A account to B account; settlement costs $5 and takes ~10 minutes due to blockchain confirmations. The second transaction sends 1 Ether from A to B, the cost of accommodation is $0.5, and it takes ~1 minute.
People are waiting for A and B, a simplified example of off-chain transactions on top of Celer Network for sending funds between two parties. After creating a payment channel, Alice signs a transaction authorizing the withdrawal of 1 Ether from account A and sends it to Celer Network. The amount is then locked in an escrow contract valid for the next 24 hours; the funds will be made available once Alice and Bob send their authorization tokens (signed data). After both parties sign a revocation transaction, which enables refunding of all funds in the channel to their initial state, they can make a withdrawal from the track.
Celer Network Technical Analysis
Celer Network price analysis has revealed the cryptocurrency market to maintain a bearish momentum with strong conservation possibilities as the price moves steadily downwards. For example, the CELR/USD price recently crashed to a considerable decline on May 18, 2022, and the price went from $0.019 to $0.015 in no time. However, today the price shifted to an upwards trend rising the price to $0.016 but showing uncertainty in the direction it is moving on May 20, 2022.
Celer Network has lost 2.42% of its value. With a live market cap of $117,058,061 USD, CoinMarketCap now ranks #183. There are 6,840,278,297 CELR coins in circulation, with a total quantity of 10,000,000,000 CELR coins.
Celer Network 1-day price analysis indicates that the market’s volatility appears to be following a closing trend, meaning that the market shows fewer signals towards experiencing volatile change. This will result in a less variable price for CELR. The upper limit of the Bollinger’s band is present at $0.041, which serves as the strongest resistance for CELR. Conversely, the lower limit of the Bollinger’s band is present at $0.007, which serves as the strongest support for CELR.
The CELR/USD price appears to be crossing over the curve of the Moving Average, signifying a bullish movement. However, the price path can be seen shifting to a negative movement, which may decrease the price to a significant degree. Moreover, it indicates long-term bearish momentum.
CELR price analysis shows that the Relative Strength Index (RSI) is 33, signifying an undervalued sign for CELR. Unfortunately, this means that the cryptocurrency falls in the underbought region. However, the RSI path can be seen following a linear movement indicating that the cryptocurrency is experiencing a consistent value with equivalent buying and selling activities.
The conclusion of the Celer Network price analysis shows that the recognition made of the current behavior of the cryptocurrency indicates that it is following an uncertain downward trend with the possibility of maintaining its energy and keeping the market. CELR/USD climbed with fatigue at the $0.017 mark; the price reached $0.016 on May 20, 2022. The market shows vital signs of a bearish period for the time being.
Celer Network Price Predictions 2022 – 2030
The CELR crypto price forecast from DigitalCoinPrice, like other computational techniques, showed that the coin may climb. According to its CELR token price projection, the average price in 2022 will be $0.05, $0.056 in 2023, $0.075 in 2025, and $0.18 in 2030.
As of 5 May, Price Prediction’s Celer Network crypto price prediction was even more positive. It was predicted that the average price will be $0.049 in 2022 and 0.073 in 2023. Its Celer Network price forecast for 2025 predicted that it will sell for $0.15 in 2025 and $0.91 in 2030.
The CELR cryptocurrency is a ‘excellent’ long-term investment, according to Wallet Investor’s Celer Network projection. The coin’s average price might reach 0.082 by the end of 2022 and $0.2 by the end of 2025, according to the report. The token might reach $0.264 in May 2027, according to CELR’s five-year estimate.
Celer Network Price Prediction 2022
According to the Celer Network price prediction technical analysis, the price forecast is likely to pass an average price level of $0.019 in 2022, with a minimum price of $0.018 expected before this year. CELR might possibly achieve a high of $0.021 in the near future.
Celer Network Price Prediction 2023
The CELR price is expected to cross an average price level of $0.027 in 2023, with a minimum value of $0.026 according to Celer Network projection and data. CELR might soon reach a height of $0.031.
Celer Network Price Prediction 2024
CELR will cost a minimum of $0.040 in 2024, according to forecasts. This is based on technical analysis and anticipated pricing. With a current average Celer Network pricing of $0.41, the Celer Network price might rise to $0.45.
Celer Network Price Prediction 2025
The CELR price is expected to cross an average price level of $0.61 in 2025, with a minimum of $0.59, according to the CELR price forecast. CELR might reach a high of $0.69 in the near future.
Celer Network Price Prediction 2026
The CELR price is expected to cross an average price level of $0.083 in 2026, according to Celer Network’s anticipated pricing and technical analysis, with a minimum price of $0.081 estimated by the end of 2026. CELR is also predicted to have a maximum price of $0.10.
Celer Network Price Prediction 2027
CELR is expected to average $0.13 in 2027, according to Clear Network price research and technical analysis. As a result, CELR might hit a high of $0.14 by the end of the year. Unexpected events and fluctuations, on the other hand, might drive the cryptocurrency’s minimum price below $0.12.
Celer Network Price Prediction 2028
Celer Network is likely to reach an average price of $0.18 in 2028, according to the Celer Network forecast price and technical analysis, with a minimum price value of $0.17 expected before the end of the current year. Furthermore, CELR has the potential to hit a high of $0.21.
Celer Network Price Prediction 2029
According to Celer Network’s price projection and technical analysis, the CELR price is predicted to cross an average price level of $0.28 in 2029, with a minimum price value of $0.27 expected before the end of this year. Furthermore, CELR has a maximum price of $0.31.
Celer Network Price Prediction 2030
According to CELR token price prediction and technical analysis, the CELR price is predicted to cross an average price level of $0.41 in 2030, and Celer Network’s expected minimum price value by the end of this year should be $0.40. Furthermore, CELR has a maximum price of $0.46.
As the data above shows, Celer Network (CELR) projections are fairly contradictory. There is no consensus on whether future CELR pricing changes will be useful or harmful. Indeed, future growth is contingent on a variety of factors, including announcements, new technology solutions generated by Celer Network activities, the crypto ecosystem in general, legal status, and so on. As a result, we’d want to advise you that before investing in any cryptocurrency, you should do your homework.
Can CELR reach $1?
Yes, CELR has the potential to reach $1, but not any time soon. However, according to our forecast, it is expected to reach $1 by 2035. However, it is still uncertain as the market appears to shift without warning.
Does CELR have a future?
According to predictions, Celer Network’s stock price will reach a minimum of $0.17 in 2022. With an average selling price of $0.17, the CELR price may reach a high of $0.18.
Is it good to invest in Celer Network (CELR)?
Celer is a blockchain interoperability technology that allows users to access tokens, DeFi, GameFi, and NFTs with a single click across many chains. Its price movement has been negative since reaching an all-time high in September 2021. Your circumstances and risk tolerance will determine if the coin is a viable asset for you to trade. Before trading, conduct your own research and keep in mind that analyst CELR coin price forecasts may be incorrect. And never put money into something you can’t afford to lose.
Is CELR a DeFi?
Celer is a blockchain interoperability technology that allows users to access tokens, DeFi, GameFi, NFTs, governance, and more with just a single click across various chains.