Celer Network up 7% as bullish trend gathers momentum after mainnet launch of cBridge 2.0

Celer Network (CELR) token terms is up 7% successful the past 24 hours; a continuation of the bullish inclination that started aft Celer Network launched its mainnet cBridge 2.0.

The CELR terms surged instantly aft the cBridge 2.0 motorboat and past took a flimsy retracement towards the extremity of Sunday, Nov. 21. The retracement has travel to a adjacent and the terms is erstwhile again bullish.

What Is Celer Network?

Celer Network is simply a layer-2 scaling level that brings fast, secure, and low-cost blockchain connected Etherium, and Polkadot, among different DeFi supoorting blockchains. It is akin to Loopring blockchain.

Celer launched the world’s archetypal Generalized State Channel Network (GSCN) and it continues to beryllium 1 of the leaders of layer2 scaling by utilizing precocious Rollup technology. 

Why Is Celer Network (CELR) Price Rising?

The halfway applications and middlewares similar cBridge, layer2.finance and much ecosystem applications built connected Celer person attracted much ample audiences successful blockchain interoperability, Decentralized Finance (DeFi), and gaming space.

CELR terms is rising due to the fact that much users are realizing this imaginable of layer-2 scaling solutions.

Moreover, Celer web precocious announced the launching of the cBridge 2.0 mainnet to observe the accomplishment of $1 cardinal successful cBridge 1.0.

🚀How astir launching cBridge 2.0 to observe $1B vol connected 1.0?
🖱️One-click UX, little costs
🍰Easy LP life, nary node needed
🛠️Multichain dApp SDK
💂Value seizure done SGN staking
🛡️3 audits, $2M bug bounty
⛏️Liquidity mining soon
📈To $2B and beyond!https://t.co/NXG0I98f5H

— CelerNetwork (@CelerNetwork) November 18, 2021

The cBridge enables instant, low-cost and ANY-to-ANY worth transportation wrong and crossed Ethereum’s layer-2 chains and cBridge 2.0 is an betterment of the cBridge 1.0.

CELR Price

Currently, CELR is trading astatine $0.14 UP and is up implicit 8.5% successful the past 24 hours.

CELR is the 118th largest cryptocurrency successful the marketplace with a full proviso of $10 billion, a circulating proviso of $6 billion, and a existent marketplace headdress of $905 billion.

Cryptocurrency trading is becoming much mainstream arsenic the fig of users increases, this volition further beryllium expanding the state prices connected the Layer-1 networks similar Ethereum.

Investors are expecting CERL terms to transverse the $0.25 mean threshhold successful 2022 arsenic layer-2 solutions are becoming much necessary.