Bitcoin Forum

What do you think about Celer Network (CELR) It will pump soon or not ? I invested a huge amount on it but I'm in a big loss since I invested on it.

This doesn't seem to be a good project anymore. This already dumped so hard and celer network rarely used by the developers to create their own dapps. Im sure that this network is having small traffic on its network. It may be pumped soon but none knows when that will come.

Yeah caused by the chart is always going down without even trying to go up. People already very familiar with it. People have been moving their money to the promising token like polygon.

I hope that I can recover just 50% from my invested amount and thanks for your remarks.

After taking a look at the coin I do not see much future for it, it has crashed more than 90% since its ATH and it keeps going down, with the latest drop happening roughly one month ago, now since the coin has right now a market cap of 100 million then it is difficult for it to pump, as those which like to pump coins prefer coins with a market cap which is way lower so they can pump it as high as they can with a low amount of capital, so if I were you I would be thinking about cutting my losses.

For those who are interested in the coin, check the link below.

https://coinmarketcap.com/currencies/celer-network/

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With the recent trend OP, it has already gained 6%. It's in the green, and you could've profited from it. I hope you have been able to cash out some of your profits or something unless you have entered at the peak, which will be so far from the current price.

Why did you choose this, btw? @OP

Celer Network (CELR) already lost around 90% of its value since the all-time-high, which is huge for me, I remember when the bear market around 2017-2018, most of the altcoins especially those top altcoins started to do parabolic action, and after a few months and when the market started to dump, they also starting to lose huge significant percentage, that's why I really don't trust these altcoins.
Yes, you can buy this but I believe there are still some quality that ROI is worth it.

I almost forget this Blockchain project. This project was moving the same as One(Harmony) before but they are left behind because of their slow development. I was once a holder of this project but it seems the developer hit a dead end and just delaying the development to prolong it's life but nothing new or interesting dapp inside it besides this project was backed by Binance. Maybe CZ will pump again this project so it's still good to accumulate some of this token because it has a pump potential with CZ magic.

I don't recommend to hold CELR an amount that you can't afford to lose. This is a high risk high reward token. Thanks for reminding me again about this token.

https://i.ibb.co/PjJjpF1/image.png
You can see for yourself, that the token you are talking about has done a fairly high rally in 2021 in September. And for the altcoins themselves, if you find something like this, the solution is not to get trapped. The high price has been reached very successfully and dumped to a price you know it is back to the point where the price of this token started. But if you have your own research that tokens can come back, maybe this isn't the time. All focus on Bitcoin price growth which rose this year. We're supposed to be dealing with a fairly long bear market until the 2024 halving, but no one knows when that will happen.

I did a small a small research about this coin and it seems very promising. I checked its stats on cmc and all are looking great, the volumes, the marketcap, and it was listed on so many top exchanges like binance. I can sense that this coin will soon pump along with other great coins when the bear market ends or when the bull run enters so keep your patience still.

You may see a red or a negative profit but that was only for temporary. You aren't in a loss as long as you didn't touch anything so don't over think about it as it can cause you to do unwanted things but better if you unwind outside for a while. If you have some funds left you can always invest for more.

I think they need a catalyst for them to pump or wait until the whole market turns green once again. You're not the only one here that was in a loss unless you really buy it at the top, that's for sure a 70% decrease from your portfolio or even more, I guess. Well, as I have said they need a catalyst but you need to research more regarding that on what are they trying to develop.

You are not the only one who is in a big loss, all those who invested in CELR coin lost a large part of their capital, there is no need FUD, the market is now in a downtrend as most of the altcoins have fallen in prices so do not worry at all and do not sell with a loss, hold the amount you have of CELR coin in the long term, Certainly, when we are in bull season you will get your capital back in addition to profits, CELR coin is a good and promising coin.

Is the stoploss really necessary when it has already dropped 90% of its value?. Many atlcoins have fallen deeply due to the recent market crash not just Celer Network, CELR is one of the projects released on Binance Luanchpad, which is a layer 2 project. But it doesn't seem strong enough to compete with other projects so they don't get much attention, the project is still active and developing so I think OP should keep holding instead of cutting loss now. He should wait for the market to start to recover then can cutloss at a higher price than it is now.

It might be pumped when it was getting listed on the major exchange site. Coinbase has not yet listed this coin. I meant coinbase listing may give a hard pump for this coin but yeah this coin lack of popularity compared with another platform.


Don't you even know if this is unpopular blockchain? i meant this is not so big as its competitor like BNB, SOL and many more.

What you can do to never cut loss it and wait for the next pump.