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

Cointelegraph

Published Dec 22, 2020 02:09PM ET

Updated Dec 23, 2020 04:40PM 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 capitalizations. 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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