Any sellers in CELR?

A
@Garry Kabankin
Mar 1, 2021

Assets covered: Celer (CELR)

Metrics used:

- Active addresses,

- price DAA divergence,

- trading volume,

- transaction volume,

- holders distribution,

- daily active deposits,

- MVRV,

- development activity.

TLDR: Great news, everyone buying CELR pushing it to extremely overbought zone, devactivity fading. Overall looking quite interesting.



Hosted on the Binance Launchpad, Celer was the third ever Initial Exchange Offering (IEO), riding on the coattails of the previous high-profile IEOs for Fetch.Ai (FET) and BitTorrent (BTT). CELR have spent two years deep below ATH. And now it looks like priming to break it. TA wise things might get exciting if Celer closes above 0.025 (yellow):

Source: TradingView

What is Celer about? Any news?

Celer is about interoperability, scaling, Layer2 and DeFi. Nothing special, you might say. The thing is they started development in this area two years ago.