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Highlights
- The CEL token’s trading volume fell 38%, but the price rose about 2.7% in the last 24 hours to Friday morning.
- The hit an all-time high of US$8.02 in June 2021.
- The token’s maximum supply is about 695.65 million.
The Celsius (CEL) crypto rose around 2.7% in the last 24 hours to Friday morning, but its trading volume decline by about 38% to US$3.8 million.
What is Celsius (CEL)?
The Celsius platform was launched to provide an all-in-one banking and financial solution to crypto users. It also gives rewards for crypto deposits and offers services like loans, wallet payments, etc.
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Users receive regular interest payouts based on their holdings.
CEL is an ERC-20 standard token on Ethereum and is the native token on the Celsius ecosystem. It is mainly used for payments.
Celsius was founded by Alex Mashinsky and Daniel Leon in 2017. It aims to outperform the banks by providing solutions based on the terms that traditional financial organizations no longer offer.
What is Celsius (CEL) token? All you need to know
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Its offerings include higher returns on savings and deposits, an easier loan process, and automated rewards. In addition, it offers a wallet service through its CelPay feature. Its native token enables users to increase payout value.
The CEL token’s current circulating supply is around 238.86 million, and the maximum supply is about 695.65 million. CEL launched its initial coin offering (ICO) in May 2018.
Also Read: What is LCX (LCX) token? All you need to know
Source: *Data provided by CoinMarketCap.com
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CEL token: Pricing and Performance
The CEL token was priced at around US$2.10, up 2.74%, on Friday morning. It has a market cap of around US$501.62 million, and its fully-diluted market cap is US$1.4 billion. Its prices have been declining over the past 12 months.
The CEL token saw the highest price of US$8.02 and the lowest price of US$2.01 in the last 52 weeks. It reached an all-time high of US$8.02 on June 3, 2021.
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Bottomline
The cryptocurrency market is highly volatile. Hence, investors should closely evaluate all the risks associated with the market before investing in digital assets.
