Celsius Network update: CEL Live price, price chart, news and markets

Celsius Network

CEL

$0.03360

-0.63%

Rank #1868 | Category

altcoin

erc-20

micro-cap

Market Cap

$1,200,229

Fully Diluted Market Cap

$98,457

Volume

$60,156

Celsius Network Price Chart Update [CEL]

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Celsius Network Price Update Today

The CEL price update as of now is $0.03360. In the previous 24 hours, its trading volume was $60,156, and its value has decreased by -0.63%. As of now, CEL's live market cap is $1,200,229, and it is ranked as the #1868 on the Coincu. CEL has a circulating supply of 35,719,126 and a maximum supply of 35,719,126.

About Celsius Network

What is Celsius Network?

Celsius Network is a leading retail savings platform that provides interest-bearing and borrowing accounts with fiat on-ramp. It is also a prominent provider of CeFi lending services. The platform prioritizes its community and gives back 80% of its revenue to users in the form of additional earnings on savings and borrowing. With attractive interest rates, low fees, and a strong community, Celsius Network has experienced significant growth since its establishment.

A mobile-only platform for retail users - Users can access Celsius Network exclusively through its app, not the desktop.
Earning rewards - Users have the opportunity to deposit coins and earn from their holdings. The Annual Percentage Yield (APR) for each staked cryptocurrency reflects the market demand for that specific coin. Additionally, users can earn bonus interest on their accounts by choosing to use the CEL token to receive rewards.
Borrowing stablecoins and dollars - Users can borrow stablecoins and dollars against crypto collateral. They can also earn a bonus discount on their accounts by using the CEL token to repay their loans.
A leading CeFi lending provider - When users deposit coins, they serve as collateral on the Celsius Network and are lent to other parties. This includes CeFi Financial Institutions, large investors, institutional traders, hedge funds, or exchanges seeking reliable entry points into cryptocurrency.

Unique Features of Celsius Network

Celsius Network aims to surpass traditional banks by offering financial services on terms that are no longer provided by traditional financial institutions.

These features include significantly higher rates of returns on savings and deposits, fairer and easier loan requirements, and automated rewards calculated algorithmically for each user. The platform also waives penalties and bank-style fees.

The platform also serves as a wallet through its CelPay feature and has its own CEL token, which users can utilize to enhance payout value and other benefits.

As a for-profit company, Celsius Network takes a portion of the profit margins on interest payments but returns 80% to its users. The company also lends to institutional entities like hedge funds.

Payments are guaranteed because loans are backed by assets, and borrowers must provide more than 100% of the borrowed amount in the destination currency.

Version 1 of the Whitepaper has been released, the tech team has been hired, and development has commenced.

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Celsius Network Markets

#	Exchange	Pair	Price	Volume	Mkt Share
1	MEXC Global	CEL/USDT	$0.07842	$54,861	33.59%
2	LATOKEN	CEL/USDT	$0.07917	$20,783	12.72%
3	CoinEx	CEL/USDT	$0.07824	$8,135	4.98%
4	Uniswap v2 (Ethereum)	CEL/WETH	$0.07999	$3,780	2.31%
5	Uniswap v3 (Ethereum)	KEL/CEL	$0.07887	$2,073	1.27%
6	FameEX	CEL/USDT	$0.07836	$49,190	30.11%
7	Indodax	CEL/IDR	$0.08091	$24,525	15.01%