Projects listed: 276 |
BTC Dominance: 0.00% | Volume (24h): $42,707,933,837 | Market Cap: $2,606,678,603,416
Celer Network
CELR
$0.01
Sector
Layer 2
Exchange Debut
2019-04-21
Market Cap
74,392,800
Maxim Supply
10,000,000,000
Circulating Supply
5,645,454,936
Circ. Supply(%)
56.45%
Celer Network
CELR
Price
$0.01
Market Cap
Sector
Exchange Debut
Volume 24h
High 24h
Low 24h
2037411
0.013601448194
0.012790581016
Change 24h
Change 7d
Change 30d
-2.7334
-9.0456
-20.8179
Maxim supply
Circulating supply
Circulating supply(%)
10,000,000,000
5,645,454,936
56.45%
The opinion of artificial intelligence (AI), based on the fundamental analysis of the Celer Network cryptocurrency:
In this fundamental analysis of the Celer Network cryptocurrency, the overall score of 6.12 out of 10 suggests a medium-risk investment. Let’s delve into each criterion for a more detailed assessment.
Starting with social and media aspects, the score of 6.4 out of 10 indicates relatively average social activity for Celer Network, except for community size on chat groups. To attract the attention of the general public and enhance media presence, further efforts are required.
Audit and security
Moving on to audit and security, the score of 7.6 out of 10 signifies relatively good security measures and audits conducted. However, it is crucial to pay more attention to liquidity on exchanges.
Regarding ecosystem development, the score of 4 out of 10 suggests that the project has not yet achieved its goals and lacks a clear development plan for future advancements.
Lastly, considering partners and investors, the score of 4.5 out of 10 suggests that the project lacks a large number or high-quality investors, although it does have satisfactory partners.
Fundamental analysis of CELER NETWORK cryptocurrency – The final conclusion
In conclusion, the fundamental analysis of the Celer Network cryptocurrency reveals a promising project with medium risk. There is significant potential to improve market position by enhancing social presence and exchange liquidity. However, it is imperative to focus on the future development of the ecosystem and establish a clear development plan.
What is Celer Network and what score has it obtained? Celer Network is a blockchain interoperability protocol enabling a one-click user experience accessing tokens, DeFi, GameFi, NFTs, governance, and more across multiple chains.
Developers can build inter-chain-native dApps using the Celer Inter-chain Message SDK to gain access to efficient liquidity utilization, coherent application logic, and shared states.
Users of Celer-enabled dApps will enjoy the benefits of a diverse multi-blockchain ecosystem with the simplicity of a single-transaction UX, all from a single chain.
CELR is the native token of the project.
The current use cases include:
Staking: Users can delegate CELR to stake with validators to participate in the network consensus, and in return are rewarded with CELR.
Network Fees: Celer stakers on the SGN can share the value captured by the State Guardian Network when the network syncs, stores, and signs messages.
The Celer cBridge is a decentralized and non-custodial asset bridge that allows users to transfer a variety of tokens across different blockchains in a fast, secure and low-cost fashion. It currently supports 130+ tokens across 30+ blockchains and layer-2 rollups.
Built on top of Celer Inter-chain Messaging Framework, cBridge has processed over $10B cross-chain asset transfer volume on 30+ blockchains for more than 199K unique users, and is quickly growing and expanding into more blockchains and layer-2s.
Celer uses smart contracts that are deployed on each chain paired with the State Guardian Network, a Tendermint-based blockchain, in order to enable seamless multi-blockchain interoperability. To send a message or invoke a smart contract function cross-chain, a user or a dApp will first send their intention as a message with a structured header and arbitrary binary payload to a Message Bus smart contract on the source chain. Then the validator, the State Guardian Network, will first reach a consensus on the existence of such a message and concurrently generate a stake-weighed multi-signature attestation. This attestation then is relayed to the destination via an Executor subscribing to the message. On the destination chain, the same Message Bus contract exists to check the validity of the message and triggers the corresponding logic associated with the message either immediately or after a timeout.
Where Can You Buy Celer Network – CELR?
CELR can be purchased on cryptocurrency exchanges such as Binance, Kucoin and Gate.io.
All you need to do is create a free account on any of these exchanges and start trading.
- Latest analysis update: June 17, 2023
Celer Network - CELR performance
GENERAL CRITERIA:
Score
SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
Go to Methodology
Content description
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
