CEL

Celsius Network price

CEL
|
2.3/5
TokenInsight
2.3
11/28/2022
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USD
USD
$1.4804
+20.91%
1h
24h
1W
1M
1Y
All

Celsius Network price live data

The current price of Celsius Network is $1.4804. Since 00:00 UTC, Celsius Network has increased by +20.92%. It currently has a circulating supply of 37,720,112 CEL and a maximum supply of 37,720,112 CEL, giving it a fully diluted market cap of $56.43M. At present, Celsius Network holds the 227 position in market cap rankings. The Celsius Network/USD price is updated in real-time.

Celsius Network price performance in USD

Time periodChange amount%Chg
Today$0.25610 +20.91%
7 days$0.90750 +158.40%
30 days$1.3275 +868.21%
3 months$1.2659 +590.16%

Celsius Network market information

24h low/high
The highest, lowest, and last prices in 24 hours
24h low$1.1513
Last price $1.4804
24h high$1.6559
Heat index ranking
9
Market cap ranking
227
Market cap
$56.43M
Favorited rate
Percentage of users who favorited this asset to all users
2.49%
All-time high
$7.9950
-81.49% (-$6.5146)
Jun 4, 2021 (3 years ago)
All-time low
$0.085700
+1,627.42% ($1.3947)
Jun 10, 2023 (11 months ago)
ICO date
04/09/2018
ICO price
The price at which this crypto was first traded
$0.30000
Circulating supply
The amount of this crypto that is publicly available in the market
37,720,112 CEL
Market cap at circulating supply
Market cap = Circulating supply × Last price
$56.43M

About Celsius Network (CEL)

Celsius Network is a centralized, one-stop finance platform that lets cryptocurrency users lend and borrow fiat currency and stablecoins using crypto assets as collateral. The ticker symbol and name of its native ERC-20 token is CEL.

Celsius allows you to deposit cryptocurrency into the Celsius wallet, apply for loans, pay interest on loans at a discount, and earn interest rewards by lending crypto assets.

Borrowing from Celsius is conducted using US Dollars or stablecoins at an annual percentage rate (APR) as low as 1 percent, with users' crypto holdings acting as collateral without credit checks. The platform supports over 40 cryptocurrencies, including BTC and ETH, and stablecoins, such as USDT and USDC.

Depending on the cryptocurrency, users can earn high interest of up to 17 percent annual percentage yield (APY) by storing crypto in a Celsius savings account.

Celsius is a centralized platform with several security measures, including password protection, two-factor authentication (2FA), and biometric security. Furthermore, users cannot withdraw over $150,000 without manual verification.

In December 2020, Celsius Network partnered with Chainalysis to execute an audit that provided the first third-party verification of Celsius Network's assets (worth $3.31 billion at the time). On top of that, on August 5, 2021, Celsius partnered with Chainlink to become one of the first CeFi platforms to issue loans based on an entirely decentralized and transparent pricing mechanism.

Celsius has built its infrastructure to offer customizable services for businesses, family offices, and high-net-worth clients. As of October 22, 2021, Celsius claims over 1 million community members, more than $26.88 billion in community assets, and $8.20 billion in loans processed.

CEL price and tokenomics

CEL is a pre-mined token with a total token supply of over 695 million. In its initial coin offering held in March 2018, 40 percent of tokens were allocated in a presale at $0.20 per token. Meanwhile, another 10 percent were distributed via a public sale at $0.30 per token.

CEL's price and tokenomics are based on a symbiotic relationship between institutional traders who borrow and pay the fees in CEL and crypto holders who receive interest on lent coins. This dual-sided system drives the demand-supply cycle of the token.

About the founders

Alex Mashinsky is the co-founder and CEO of Celsius. He has founded seven NYC-based startups, two of which were among the city's top 10 venture-backed exits since 2000. Mashinsky is also associated with over 30 patents relating to exchanges, Voice over Internet Protocol (VoIP) technology, and more.

The co-founder and COO of Celsius, Daniel Leon, has co-founded and led multiple companies. He has also worked in notable roles, like managing partner at Governing Dynamics and CEO of Atlis Labs.

Syed Fazli, the CTO of Celsius Network, had worked in various engineering and leadership roles at Bloomberg before joining Celsius.

In addition, Celsius has strategic partnerships with several well-known crypto organizations, including Voyager, Bitfinex, Liquid, Monarch, and many more.

CEL FAQ

What is CEL?

Celsius is a CeFi platform specializing in lending and borrowing fiat money and stablecoins using crypto assets as collateral. It supports over 40 crypto assets and offers its users low borrowing rates and high returns on savings. CEL is the ticker and name for its ERC-20 utility token.

How does CEL work?

Celcius Network is an all-in-one platform where users can take loans using cryptocurrencies, earn loyalty benefits, and make payments. Users can deposit their crypto assets to Celsius Network to earn returns on them or borrow fiat money using their crypto assets as collateral. Additionally, the platform incentivizes using its native token by giving better interest rates and rewards when members use CEL. Celsius also has its quick-payment protocol, CelPay, which users can use to send any cryptocurrency to other Celsius accounts.

Where can I buy CEL?

Easily buy CEL tokens on the OKX TR cryptocurrency platform. Available trading pairs in the OKX TR spot trading terminal include CEL/USDT and CEL/USDC.

You can also swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for CEL with zero fees and no price slippage by using OKX TR Convert.