{"id":346078,"date":"2021-09-29T23:15:00","date_gmt":"2021-09-29T20:15:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/celer-celr-gains-400-after-traders-embrace-its-multi-chain-cbridge-2-0-solution\/"},"modified":"2021-09-29T23:15:00","modified_gmt":"2021-09-29T20:15:00","slug":"celer-celr-gains-400-after-traders-embrace-its-multi-chain-cbridge-2-0-solution","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/celer-celr-gains-400-after-traders-embrace-its-multi-chain-cbridge-2-0-solution\/","title":{"rendered":"# Celer (CELR) gains 400% after traders embrace its multi-chain \u2018cBridge 2.0\u2019 solution"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3d508a4234f\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3d508a4234f\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/celer-celr-gains-400-after-traders-embrace-its-multi-chain-cbridge-2-0-solution\/#Cross-chain_connections_through_the_cBridge\" >Cross-chain connections through the cBridge<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/celer-celr-gains-400-after-traders-embrace-its-multi-chain-cbridge-2-0-solution\/#Celers_ecosystem_expands\" >Celer&#8217;s ecosystem expands<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/celer-celr-gains-400-after-traders-embrace-its-multi-chain-cbridge-2-0-solution\/#Increased_demand_for_layer-2_solution\" >Increased demand for layer-2 solution<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Celer (CELR) gains 400% after traders embrace its multi-chain \u2018cBridge 2.0\u2019 solution <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>High transaction costs have been a thorn in the side of investors and developers for more than a decade and the issue became worse in 2021 after the emergence of decentralized finance (DeFi) and nonfungible tokens (NFT) led to record-high levels of activity across the cryptocurrency ecosystem.\u00a0<\/p>\n<p>Since the completion of Ethereum&#8217;s London hardfork, cross-chain bridges and layer-2 solutions have been revised as options for mitigating the high fees on the Ethereum network. In the past two weeks, Celer, a layer-two scaling solution that utilizes off-chain transaction handling to help increase the throughput capacity of its network has been seen an uptick in user activity.<\/p>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/CELRUSDT\/\">TradingView<\/a> shows that since hitting a low of $0.0398 on Sept. 8, the price of CELR has surged 400% to reach a new all-time high at $0.199 on Sept. 26 as its 24-hour trading volume spiked to $1.27 billion. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-09\/84101170-872a-4591-a5f1-92760d0b8355.png\"><figcaption style=\"text-align: center;\"><em>CELR\/USDT 4-hour chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>Three reasons for the price rally in CELR include the release of the protocols cross-chain software cBridge, new integrations which have led to the expansion of its ecosystem and the increase in overall strength and demand for layer-two solutions. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Cross-chain_connections_through_the_cBridge\"><\/span>Cross-chain connections through the cBridge<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Arguably the biggest development to come out of the Celer protocol in 2021 has been the release of its cBridge cross-chain bridging solution which went live on the mainnet on July 22. <\/p>\n<p>At the time of writing, the cBridge supports the transfer of assets between 10 different protocols including Ethereum, Binance Smart Chain (BSC), Polygon, Fantom and Avalanche. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-09\/9cf68669-9be2-4ad5-a763-5720b3030459.png\"><figcaption style=\"text-align: center;\"><em>Networks supported by cBridge. Source: Celer Network<\/em><\/figcaption><\/figure>\n<p>Data <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cbridge.celer.network\/#\/analytics\">provided<\/a> by Celer shows that in the two months since the launch of cBridge, the protocol has facilitated the transfer of more than $242 million worth of value between networks as it continues to rise in popularity amongst the crypto community. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-09\/10a74734-146a-4961-a852-a223474b19d2.png\"><figcaption style=\"text-align: center;\"><em>Daily transaction volume on cBridge. Source: Celer Network<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Celers_ecosystem_expands\"><\/span>Celer&#8217;s ecosystem expands<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A second reason for the gains seen in CELR over the past month has been the expansion of the project&#8217;s ecosystem.<\/p>\n<p>The launch of Optimism and Arbitrum and Celer&#8217;s cross-bridge integration to the layer-2 solutions are likely the primary factors backing the rally in CELR price.<\/p>\n<p>When the cBridge was first released, it supported Polygon, Ethereum, BSC, Arbitrum and Optimism. In the two months following the initial launch, it added support for Fantom, xDAI, Avalanche, OKExChain and Heco, effectively doubling its reach and the number of users interacting with the token. <\/p>\n<p>The functionality of the protocol has also led to a handful of integrations such as being added to the TokenPocket and ONTO cryptocurrency wallets. CELR token was also listed on WOO Network and BarterTrade exchanges recent. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Ethereum alternatives and layer-one solutions see steady gains in September<\/em><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Increased_demand_for_layer-2_solution\"><\/span>Increased demand for layer-2 solution<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A third reason for the overall strength of CELR has been the increase in demand and activity on layer-two protocols and\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/etherscan.io\/chart\/gasprice\">data<\/a> from Etherscan shows that the gas price continues to spike higher as Ethereum network activity increases. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-09\/5f92bf6f-333b-4304-8d48-0be34f9ea2e3.png\"><figcaption style=\"text-align: center;\"><em>Average Ethereum gas price. Source: Etherscan<\/em><\/figcaption><\/figure>\n<p>Arbitrum and Optimism had their full launches within the past few months following years of development and users have now begun the process of migrating assets to these scaling solutions as DeFi protocols slowly integrate this new <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a>. <\/p>\n<p>As a way to further capture some of the energy generated following the release of Arbitrum, Celer&#8217;s cross-chain bridge offers a work-around to the 7-day withdrawal period required when users want to migrate assets from Arbitrum back to Ethereum. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-09\/c531a89a-0e8f-4c0c-9b97-2cdd7af76f6c.png\"><\/figure>\n<p>According to data from Cointelegraph Markets Pro, market conditions for CELR have been favorable for some time. <\/p>\n<p>The VORTECS\u2122 Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> activity.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-09\/7d4560e3-68d7-44ad-a35b-01e39e0365b7.png\"><figcaption style=\"text-align: center;\"><em>VORTECS\u2122 Score (green) vs. CELR price. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>As seen on the chart above, the VORTECS\u2122 Score for CELR began to pick up on Sept. 7 and climbed to a high of 75 on Sept. 8, around 48 hours before the price increased by 275% over the next two weeks. <\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/celer-celr-gains-400-after-traders-embrace-its-multi-chain-cbridge-2-0-solution\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Celer (CELR) gains 400% after traders embrace its multi-chain \u2018cBridge 2.0\u2019 solution &#8221; High transaction costs have been a thorn in the side of investors and developers for more than a decade and the issue became worse in 2021 after the emergence of decentralized finance (DeFi) and nonfungible tokens (NFT) led to record-high levels&#8230;<\/p>\n","protected":false},"author":1,"featured_media":346079,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDkvNWJlYTc4OWItZTcxZS00Y2EyLWFmNmItMWM5OWRkNWM1MDRhLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,88119,74863,74983,74868,74891,95119,107545,105688,76341,74880,72927,73785],"class_list":["post-346078","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-altcoin-watch","tag-cryptocurrencies","tag-decentralization","tag-defi","tag-ethereum","tag-layer2","tag-liquidity","tag-markets-pro","tag-scalability","tag-transactions","tag-fees","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/346078","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=346078"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/346078\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/346079"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=346078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=346078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=346078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}