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celsius network  (CEL)

Celsius Network (CEL)

$6.97 9.2%
0.00015770 BTC 12.5%
0.00205099 ETH 10.2%
28,185 people like this
Market Cap
$2,668,352,048
24 Hour Trading Vol
$28,158,360
24h Low / 24h High
$6.36 / $7.08
Circulating Supply
383,306,566 / 695,658,160
CEL
USD

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82% 18%
1h
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7d
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30d
1y
0.4%
9.2%
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12.8%
5.4%
5567.6%

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Celsius Network Price and Market Stats

Celsius Network Price
CEL Price $6.97
Celsius Network ROI 2221.8%
Market Cap $2,668,352,048
Market Cap Dominance 0.12%
Trading Volume $28,158,360
Volume / Market Cap 0.0107
24h Low / 24h High $6.36 / $7.08
7d Low / 7d High $6.82 / $7.32
Market Cap Rank #57
All-Time High $7.96 -12.6%
Apr 09, 2021 (about 1 month)
All-Time Low $0.02620268 26448.4%
Dec 07, 2018 (over 2 years)
Affiliate disclosures
# Exchange Pair Price Spread +2% Depth -2% Depth 24h Volume Volume % Last Traded Trust Score
1
FTX FTX
CEL/USD
$6.97
6.968 USD
0.05% $109,055 $113,458
$10,120,976.07
1452493.696 CEL
36.14% Recently
2 CEL/ETH 0xaaaebe6fe48e54f431b0c390cfaf0b017d09d42d
$6.70
0.001977781971986 ETH
0.6% $184,592 $184,037
$2,012,619.52
300308.836 0XAAA
7.16% Recently
3 CEL/UST
$7.04
6.9067 UST
0.06% $133,671 $79,803
$625,851.76
88947.308 CEL
2.22% Recently
4 CEL/USD
$6.93
6.926 USD
0.23% $82,328 $157,427
$661,626.80
95527.981 CEL
2.35% Recently
5 CEL/USDT
$7.00
6.965 USDT
0.25% $67,275 $113,557
$2,205,184.13
315063.175 CEL
7.83% Recently
Show More
* Anomaly - Trading price is an outlier against the average
** Inactive - No trades in the last 3 hours

About Celsius Network Coin

Celsius Network price today is $6.97 with a 24-hour trading volume of $28,158,360. CEL price is up 9.2% in the last 24 hours. It has a circulating supply of 380 Million CEL coins and a max supply of 696 Million. FTX is the current most active market trading it.

What is Celsius Network?

Celsius Network is a P2P lending platform allowing users to borrow and lend cryptocurrencies. The system is based on the Celsius Network native token, CEL.

By using their cryptocurrencies as collateral, borrowers can easily have access to fiat currencies with a small interest rate without the need to sell their cryptocurrencies. 

Lenders are paid an interest rate for the cryptocurrency that was deposited in their Celsius Network wallet.

How does it work?

Users can earn interest by depositing cryptocurrencies into Celsius Network. The interest is paid weekly and users have the option to withdraw at any time. To make things better, users are not charged whenever they deposit or withdraw funds. 

Users can also earn “Bonus Interest” through the Celsius Loyalty Rewards. For example, if the overall wallet balance has 20% in CEL tokens, users will be deemed as a Platinum Celsius member, thus obtaining a 30% Bonus Interest and 30% Loan interest discount.

Is it safe to store your cryptocurrencies with Celsius Network?

To protect assets that are deposited in the platform’s cold wallet, Celsius Network has partnered with BitGo. Through this, BitGo will cover any losses by offering up to $100 million in insurance for these assets. 

It is also worth noting that the company does not directly grant insurance on crypto deposits. In other words, during the event of a cyber attack, users are vulnerable to losing their assets­. In those situations, Celsius Network promises to use its balance sheet to offset the damages to its clients. However, their Terms of Use do not guarantee the return of funds in the case of a breach. 

Background

Celsius Network was founded by Alex Mashinsky in 2017. The company exists based on the fundamental idea of decentralization by allowing people to unbank themselves and substituting the existing financial structures with a new model.

To learn more Celsius Network, you may watch an interview of Alex Mashinsky by Altcoin Buzz below:

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