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CELR is up by 1% within the final 24 hours, underperforming in comparison with the broader market.
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The token might rally higher after the Celer Network reached $11.5 billion in cross-chain transaction quantity.
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The broader cryptocurrency market might attain the $850 billion market cap quickly.
CELR underperforms in opposition to the broader market
CELR, the native token of the Celer Network, is up by 1% within the final 24 hours, underperforming in opposition to the broader cryptocurrency market. At press time, CELR is buying and selling at $0.011779 per coin.
The optimistic efficiency comes after the Celer Network introduced that it had reached a new milestone. Celer Network stated cBridge, its multi-chain, cross-layer asset bridge providing immediate switch with quite a few chains, had surpassed $11.5 billion in cross-chain transaction quantity.
🤩cBridge has reached $11.5B in complete cross-chain transaction quantity!
🚄Let’s maintain this practice transferring! Considering a #MultiChain enlargement together with your challenge?
📩We may also help. DM
🌉https://t.co/35fICZaYc2: most # of chains, lowest price, absolutely non-custodial, no vendor lock-in! pic.twitter.com/Jz7Lkvr540— CelerNetwork (@CelerNetwork) November 28, 2022
This latest cryptocurrency news comes because the broader crypto market recovers from yesterday’s stoop. The complete crypto market cap stands at $835 billion, up by 2% within the final 24 hours. It might surge previous the $850 billion mark if the rally continues.
Bitcoin, the world’s main cryptocurrency, can be up by greater than 1% within the final 24 hours. At press time, the price of Bitcoin is above $16,400 and will surge towards the $17,000 degree quickly.
Key ranges to look at
The CELR/USD 4-hour chart stays bearish regardless of Celer Network including 1% to its worth within the final 24 hours. The technical indicators present that CELR is underperforming in opposition to the broader crypto market.
The MACD line is beneath the impartial zone however might transfer higher over the following few hours if the bulls stay in cost. The 14-day RSI of 54 additionally reveals that CELR is at the moment not within the oversold area.
If the optimistic efficiency continues, CELR might surge previous the primary main resistance degree at $0.012678 earlier than the top of the day. In the occasion of an prolonged rally, CELR might transfer towards the $0.014275 resistance degree over the approaching hours or days.
Where to purchase Celer Network now
Uphold
Uphold is a platform which has over 50 cryptocurrencies to select from.
It’s customers could make crypto trades with a checking account, bank card or crypto debit card. It has variable charges and permits customers to automate trades.
Users who’re on Brave’s web browser can even earn BAT tokens primarily based on their shopping habits.
Binance
Binance is likely one of the largest cryptocurrency exchanges on this planet. It is healthier suited to extra skilled traders and it affords a lot of cryptocurrencies to select from, at over 600.
Binance can be recognized for having low buying and selling charges and a a number of of buying and selling choices that its customers can profit from, reminiscent of; peer-to-peer buying and selling, margin buying and selling and spot buying and selling.
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