On May 19, Celer Network (CELR) token price against Bitcoin surged by more than 30% on Binance cryptocurrency exchange.
Speaking at the ETH New York event, Mo Dong, the co-founder of Celer Network, revealed some interesting insights which might be one of the main contributors to recent price rally of CELR token. According to the co-founder, Celer Network has achieved an impressive 50-fold growth, “by bringing interactive and low-cost dApps.”
— CelerNetwork (@CelerNetwork) May 18, 2019
In addition to this, Mr. Dong hinted in a tweet about possibility of joint partnership with Chainlink.
Glad to hear @chainlink @SergeyNazarov is expanding the community in China. IMHO, @ethereum community in China can definitely benefits from more global exposure. We will host joint meetup some time soon! pic.twitter.com/YmzL5Qihbv
— Mo Dong (@no89thkey) May 18, 2019
At the time of writing, CELR token is trading at 205-208 sats ($0.016 ) on Binance exchange, and is forming a bullish Three White Soldiers pattern (short-term trade) on a 4-hours CELR/BTC chart. This pattern usually signals a further bullish trend. The 24hrs trading volume has also increased significantly – more than 2,600 BTC’s in the last 24 hours.
The long term trend could potentially lead into a cup formation, topping out at the range of 310-350 sats