Lured in by good news, traders push THETA, GRT and CEL price higher

Cointelegraph

Published Dec 22, 2020 02:09PM ET

Updated Dec 22, 2020 03:40PM ET

Institutional investors usually look for liquid assets to buy as they trade in large quantities. Due to this limitation, they tend to stick to Bitcoin (BTC) or a few major altcoins with large market caps. However, retail traders do not have that constraint and this gives them the freedom to choose smaller-cap projects that are backed by strong fundamentals.

Crypto market data daily view. Source: Coin360

While the major altcoins are currently either range-bound or witnessing a correction, a few tokens outside the top-20 by market capitalization have rewarded investors in the past few days. Let’s look at their fundamentals and charts in order to determine if there are any lucrative investing opportunities.

THETA/USDT daily chart. Source: TradingView
GRT/USDT daily chart. Source: TradingView
CEL/USD daily chart. Source: TradingView

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