Celer Network Records a Price Surge of 33.38%, Will CELR hit $1 Soon?

The crypto market started off in the red. Fortunately, the market is soaring by the day. Celer network (CELR) witnessed a commendable rise in the last 24 hours. In detail, CELR registered a price surge of 33.38% and a circulating supply of 5.95B CELR.

Priced at $0.165906 USD, CELR’s Proof-of-Stake (PoS) protocol called Delegated Proof of Stake (DPoS) is the platform’s underlying algorithm. With this, users may stake their coins for a reward while shifting the duty of verifying transactions to “delegates.”

Celer Network stands at an uptrend position with a 24-hour trading volume of $1,220,548,424 USD as of the time of writing.  Founded in 2018, CELR launched the world’s first Generalized State Channel Network and continuously strives to expand layer 2 scaling with some of the most advanced technology on the market.

Additionally, Celer Network’s current CoinMarketCap ranking is #90, with a live market cap of $987,528,406 USD. This shows a bullish trend and may continue to surge. Moreso, the volatility of the crypto market may cause a turn that will result in a bear.

Finally, Celer Network is one altcoin to look out for as it has shown great prospects. CELR is likely to be a good investment this year for investors looking for where to put their money.