Is Cetus protocol worth investing in?
The current cryptocurrency market trend is bullish, and the fear and greed index suggests that investors are content with holding onto their investments. However, this could be a ploy to deceive investors into buying before the real bull market. As a result, I am conducting research on multiple altcoins that have strong fundamentals so that I can invest in them when the market experiences a dip.
Based on my research, I recently discovered Cetus Protocol, which is a decentralized exchange (DEX) and concentrated liquidity protocol built on the Sui and Aptos blockchain. According to CoinMarketCap (CMC), the market capitalization of Cetus Protocol's native token, CETUS, is around $5M. In my opinion, CETUS appears to be a promising investment opportunity due to its various use cases.
Cetus Protocol has also been listed on various exchanges, such as Kucoin, Gateio, and others. Additionally, it will be listed on Bitget on December 7th, and the exchange has presented an opportunity to get free CETUS tokens by participating in its deposit and trading event.
What are your opinions regarding this project (Cetus Protocol) and the general markets?
Well Bitget is reputable to be a user-centric exchange, thats prolly why its user base has grown to over 20 million in a short time. I believe this listing will further expose the project and subsequently increase adoption. I will also take advantage of the event to earn more CETUS. The project has the kind of features i lookout for, so im gonna be adding it to my bags
Nice! Cetus is a good project, in my opinion, but kindly DYOR before investing in the project.
CETUS is a one stop Defi project that both LPs and traders seems to be over the moon about because of the simplicity, flexibility, composability and sustainability it offers its users. Am expecting the token to be among top performer during the next bull cycle hence it's best to accumulate at the current price.
Just a few days ago, Cetus Protocol team celebrated reaching a milestone of $1bn in cummulative trading vol. A large part of this success is attributed to SuiNetwork breakthrough and user support. Cetus Protocol looks set to keep SuiNetwork relevant, it will be interesting to see how it grows
Yeah & I think DCAing it atm to HODL could be a nice idea.