The $CELO project did face some challenges during its development. Although it chose a market maker, the project itself was quite difficult to maintain. After receiving investment from well-known investment institutions such as a16z Crypto, Polychain Capital, and Dragonfly Capital Partners, the CELO project seemed to have encountered investors' profit-taking and exit during the last round of market boom. This led to the need for the project party to be self-reliant, not only to continue technical development, but also to devote energy to market promotion, all of which required financial support. For a period of time, the CELO project tried to find new growth points by getting involved in the NFT field, but this strategy seemed to deviate from its positioning as a large L1 public chain, which was confusing. Subsequently, the project began to turn to L2 scalability solutions, which may indicate that CELO did not receive enough support in terms of funds to continue to advance as an independent public chain project. Judging from the market performance, CELO seems to have adopted a strategy of pulling up and selling at the same time to maintain the operation of the project. In the final analysis, the tight funding of the project party is one of the main reasons for these situations. There are many uncertainties in the future development of the project, which may depend largely on market luck and timing.

In this evolving cryptocurrency field, new digital assets such as LUNAR are also emerging. Whether these emerging assets will become new choices for future investors or time travelers remains to be seen. For the CELO project, choosing the right development path and timing may be more critical than simple efforts.