|Celsius (CEL)||Buy Celsius Now|
|Celsius (CEL) is a cryptocurrency token and operates on the Ethereum platform. Celsius has a current supply of 695,658,160.967 with 238,863,519.826 in circulation.|
|Change 7d||14.63%||Market Cap||$38 401 288|
|Available supply||238 863 520 CEL|
|Volume 24h||$1 196 017|
|Updated||Friday, September 29, 2023 9:00:03PM UTC|
General CEL facts, technical details and Celsius Cryptocurrency information
Celsius (CEL) is an all-in-one banking and financial services platform for cryptocurrency users. Launched in June 2018, it offers rewards for depositing cryptocurrency, along with services such as loans and wallet-style payments.
Users of the platform receive regular payouts and interest on their holdings. Celsius’ native token, CEL, performs a variety of internal functions, including boosting user payouts if used as the payment currency.
Celsius originally came into being as the product of creators Alex Mashinsky and Daniel Leon in 2017. Mashinsky has a long-running history in the internet development sphere, having worked on the Voice Over Internet Protocol (VOIP) in the 1990s and other technologies since. Celsius is far from Mashinsky’s first corporate venture, with seven startups and 35 patents to his name, the project’s official website states. Co-founder and COO Daniel Leon meanwhile has experience focusing on growing early-stage startups. His previous roles include being CEO of Atlis Labs, a social recommendation and discovery app which used real-time user referrals.
Celsius now has a large team of core employees, technical developers and advisors with experience in various spheres.
Celsius aims to outperform banks at their own game by offering financial services on the kind of terms which traditional financial institutions no longer offer. These include much higher rates of returns on savings and deposits, much easier and fairer loan requirements and automated rewards computed for each user algorithmically. Penalties and bank-style fees are also waived.
The platform also functions as a wallet via its CelPay feature, and hosts its own CEL token which users can leverage to increase payout value among other things.
As a for-profit company, Celsius takes a cut of profit margins on interest payments, still returning 80% to users themselves. The company also lends to institutional entities such as hedge funds. Payments are ensured because loans are asset-backed, and any borrower must supply more than 100% of what they borrow in the destination currency.
The native token of Celsius is CEL. It performs a number of user-related functions and is freely tradable outside the platform. CEL has a maximum supply of 695,658,161 tokens, of which 76% are in circulation and 24% are locked according to a schedule laid out in the project’s technical literature. CEL had an initial coin offering (ICO) in May 2018. The presale and crowdsale took 50% of the token supply, with 27% going to the treasury, 19% to the team and 2% to partners and advertisers respectively. CEL is an ERC-20 standard token on Ethereum.
Celsius uses a modified proof-of-stake algorithm for its token, while broader security procedures were outlined in a dedicated presentation in June 2020, still available on the company’s website. As with any client-orientated wallet, the risk of theft from attacks such as SIM-swapping is present if users themselves do not have adequate protections in place such as two-factor authentication.
CEL is a publicly-tradable token on major exchanges, with pairs available for cryptocurrencies and stablecoins. As of October 2020, automated market makers (AMMs) held the lion’s share of trading volume, with popular pairs being for Bitcoin (BTC) and Wrapped Ether (WETH).
|Date||Open, $||Min, $||Max, $||Market cap, $|
|Sep 20||0.138341||0.138341||0.143444||33 656 736|
|Sep 21||0.141014||0.137046||0.141884||33 024 396|
|Sep 22||0.138887||0.137611||0.141862||33 885 669|
|Sep 23||0.140369||0.137426||0.141265||33 117 879|
|Sep 24||0.138175||0.135621||0.140795||33 630 821|
|Sep 25||0.142286||0.136873||0.142433||33 126 538|
|Sep 26||0.138644||0.137689||0.140563||33 468 429|
|Sep 27||0.141711||0.138525||0.154209||34 930 661|
|Sep 28||0.146119||0.146119||0.152262||35 084 785|
|Sep 29||0.147749||0.147091||0.160861||38 401 288|
* Crypto Rating accepts no liability for any errors in the Celsius information, CEL Prices and CEL's Market Cap. For the most up-to-date prices please visit the Celsius's official website.
|#||Crypto||Prediction||Accuracy||CVIX||Price||24h||7d||Market Cap||7d price change|
|1||BTC||Bitcoin predictions||92%||2||$26 900.03||-0.72%||1.38%||$524 536 249 875|
|2||ETH||Ethereum predictions||91.2%||3||$1 667.19||0.60%||4.76%||$200 456 859 321|
|3||USDT||Tether predictions||91.2%||1||$0.999922||-0.02%||-0.01%||$83 270 117 769|
|4||BNB||Binance Coin predictions||96%||2||$215.62||0.18%||2.51%||$33 172 815 466|
|5||XRP||XRP predictions||89.6%||9||$0.534805||5.33%||4.41%||$28 511 729 803|
|6||USDC||USD Coin predictions||91.6%||1||$1.000077||-0.02%||0%||$25 132 883 987|
|7||STETH||Lido stETH predictions||93.2%||1||$2 941.39||-0.40%||-3.32%||$10 258 752 564|
|8||WTRX||Wrapped TRON predictions||86%||26||$0.088990||3.76%||6.26%||$9 048 152 654|
|9||DOGE||Dogecoin predictions||90.4%||6||$0.062031||1.02%||1.05%||$8 759 443 620|
|10||ADA||Cardano predictions||90.4%||7||$0.249169||-0.11%||2.20%||$8 752 932 991|
|11||SOL||Solana predictions||86%||18||$20.26||2.83%||4.73%||$8 363 109 994|
|12||TRX||TRON predictions||84.4%||22||$0.089512||3.56%||7.38%||$7 973 262 569|
|13||TON||Toncoin predictions||61.2%||84||$2.21||-1.95%||-4.23%||$7 568 826 083|
|14||DAI||Dai predictions||95.6%||1||$0.999857||-0.04%||0.06%||$5 347 122 665|
|15||DOT||Polkadot predictions||90.4%||7||$4.08||0.11%||1.80%||$5 015 443 173|
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