Curve founder: Defi more exciting than markets realize

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jul 26 2024

CELR-0.992%

HMSTR+0.229%

DEFI-2.14%

Should l Buy CELR?

DeFi vs. Memecoins: Curve founder Michael Egorov emphasizes that decentralized finance (DeFi) still holds significant value compared to the speculative nature of memecoins, citing ongoing innovations in DeFi projects like Pendle and Ethena, despite the current market focus on memecoins.
Tokenization of Real-World Assets: Egorov discusses the potential for a $30 trillion market in tokenized real-world assets (RWAs) by 2034, highlighting the need for improved regulatory frameworks to enhance integration within the DeFi ecosystem and the importance of decentralized solutions to address vulnerabilities in traditional web services.

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Technical Analysis for CELR

Technical Sentiment Analysis for Celer Network (CELR) As of , Celer Network (CELR) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for CELR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, CELR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Celer Network (CELR) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0011	0.00164	0.00216	0.0027	0.00322	0.00376	0.00428
Fibonacci	0.00164	0.00204	0.00229	0.0027	0.0031	0.00335	0.00376

About CELR

Celer is a blockchain interoperability protocol enabling a one-click user experience accessing tokens, DeFi, GameFi, NFTs, governance, and more across multiple chains. Developers can build inter-chain-native Dapps using the Celer Inter-chain Messaging Framework to gain access to efficient liquidity utilization, coherent application logic, and shared states. Users of Celer-enabled dApps will enjoy the benefits of a diverse multi-blockchain ecosystem with the simplicity of a single-transaction UX, all from a single chain.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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