Have you ever seen a coin drop 98% from its peak and people still buy millions of dollars’ worth every day?*
No joke, it’s CELR.
A lot of people will ask: how can a coin be down 98% and still have liquidity? The answer is what’ll make you add it to your Watchlist right away.
*What is CELR?*
It dates back to 2018—meaning it’s one of the oldest Layer 2 projects on the market. The project aimed to solve Ethereum’s speed problem, before there were as many solutions as there are today.
The project is backed by Pantera Capital and has been listed on Binance since 2019.
Current price: $0.00245
Market cap: just $19 million
Daily volume: $2.6 million (13% of its value is traded every day)
All-time high: 0.198$ in September 2021
*Advantages:*
1. Insane liquidity for its size—you can enter with $10,000 and exit without affecting the price
2. It’s listed on 33 exchanges, including Binance, so it won’t suddenly disappear
3. One of the lower-risk coins in this category because it’s been around for 7 years and isn’t a new meme project
4. If the market returns to 2021 levels, the price could rise 80x from here (mathematically)—and that’s why whales are accumulating it
*The drawbacks—and you need to be honest with yourself:*
1. The project is old and its development is slow compared with new Layer 2 projects like Arbitrum and Optimism
2. It’s down 58% over the past year, so the overall trend is still bearish
3. Competition has killed it—no one’s talking about it on Twitter now
4. If Bitcoin breaks below 78,000 like it did two days ago, coins like this can bleed 20% in an hour
#CELRUSTD
No joke, it’s CELR.
A lot of people will ask: how can a coin be down 98% and still have liquidity? The answer is what’ll make you add it to your Watchlist right away.
*What is CELR?*
It dates back to 2018—meaning it’s one of the oldest Layer 2 projects on the market. The project aimed to solve Ethereum’s speed problem, before there were as many solutions as there are today.
The project is backed by Pantera Capital and has been listed on Binance since 2019.
Current price: $0.00245
Market cap: just $19 million
Daily volume: $2.6 million (13% of its value is traded every day)
All-time high: 0.198$ in September 2021
*Advantages:*
1. Insane liquidity for its size—you can enter with $10,000 and exit without affecting the price
2. It’s listed on 33 exchanges, including Binance, so it won’t suddenly disappear
3. One of the lower-risk coins in this category because it’s been around for 7 years and isn’t a new meme project
4. If the market returns to 2021 levels, the price could rise 80x from here (mathematically)—and that’s why whales are accumulating it
*The drawbacks—and you need to be honest with yourself:*
1. The project is old and its development is slow compared with new Layer 2 projects like Arbitrum and Optimism
2. It’s down 58% over the past year, so the overall trend is still bearish
3. Competition has killed it—no one’s talking about it on Twitter now
4. If Bitcoin breaks below 78,000 like it did two days ago, coins like this can bleed 20% in an hour
#CELRUSTD