The native cryptocurrency of Celsius Network – CEL – has surged over 130 percent in the past 24 hours. The surge occurred as a result of the crypto market’s relief following many days of precipitous declines. The Celsius token shed by more than half its value to reach $0.20 on June 13. Since then, CEL has gained an upward trajectory. The price of CEL has increased by an astonishing 375 percent over the previous week, representing the most growth among the top 100 cryptocurrencies. As of the time of writing, the token’s average price is $1.51. Suggested Reading | Shiba Inu Now The Largest ETH Whales’ Holding Despite Crypto Market Turmoil Celsius (CEL) 24-Hour Volume Skyrockets To Over 400% Its 24-hour trading volume has ballooned to more than 400%, reaching $66.7 million. Approximately $1.78 million worth of CEL holdings were liquidated as a result of this large transaction, according to statistics from Coinglass. The news that Celsius Network has begun re-paying some of its obligations, returning $10 million in DAI to Compound Finance, and its public commitment to cooperating with regulators to improve liquidity and operations could assist the broader cryptocurrency sector in gaining traction. According to data from Etherscan, Celsius has made many other repayments and closed positions with lenders over the past week. Crypto total market cap at $926 billion on the daily chart | Source: TradingView.com The...
