Celsius (CEL) is an all-in-one banking and financial services platform for cryptocurrency users.
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. This has resulted in an increase in CEL price.
Till date, $8.2 billion in loans have been processed. CEL has a community of over 800k+ members. It has over $15 billion in community assets and has paid over $338 million last year in yields.
You can earn up to 17% yield per week. Giving back is fundamental to how Celsius works. Up to 80% of their revenue is paid back to the community as weekly rewards on crypto. You get up to 25% more when you choose to earn in CEL token. Everyone wins.
Let us review CEL price.
CEL Price Prediction
CEL is currently trading above the support of $5.71. As long as it stays above this zone, we could start seeing a move towards $6.27, $$6.62, $7.19 and $8.10. If it can flip this $8.10 resistance zone to support, we could start seeing a move towards $9.58, $11.07 and $11.98. Failure to hold the support at $5.71 could lead to a drop towards $5.49 and $4.86.
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