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Celsius coin (CEL): Everything you Wanted to Know as a Beginner before Investing!

Celsius token (CEL) is one of the most popular cryptocurrencies in the crypto market currently. In terms of market cap, it is currently the 104th largest digital currency (over US$1.107 billion in market capitalizations). Should you invest in it? Is it a good investment? To answer all your queries, let me walk you through the CEL coin, how it works, and many more.

What is the Celsius token (CEL)? How does it Work?

Alex Mashinsky and Daniel Leon are the co-creators of Celsius coin (CEL). Though they originally created Celsius back in 2017, the Celsius platform was launched in June 2018. 

It is an all-in-one banking and financial services platform that has been created for the users of cryptocurrency. The main features of the Celsius network are its offerings including:

  • Rewards for depositing cryptocurrency
  • Loaning services
  • Wallet-style payments

The users who hold CEL tokens on the platform receive payouts and interest on their holdings on a regular basis. CEL, the native token, performs a wide array of internal functions that include user payout boosting if this crypto coin is used as the payment currency. 

The best thing about the Celsius network is that it offers a much higher rate of return on both deposits and savings. It also provides loans in an easier and fairer way. For each user, rewards are calculated algorithmically in an automated manner. The best thing is that waiver is offered on both bank-style fees and penalties. 

Through its CelPay feature, Celsius functions as a wallet too. Among other things, CEL coins are hosted by the Celsius platform. You, as a token user, can leverage in increasing the value of the payout. 

A modified proof of stake algorithm is used by Celsius for its CEL token. 

Celsius token (CEL): Facts & Figures

All these facts and figures (as of November 10, 2021) will help you to make a decision on investing in the Celsius token. Before making CEL coin transactions, check out these facts and figures associated with this cryptocurrency of choice:

  • Celsius CEL Price: US$4.64 (Current Celsius Price)
  • 24hour Trading Volume (24h Volume): US$8,037,343
  • All-Time High (ATH) Price: US$8.02 (reached on Jun 03, 2021)
  • All Time Low (ATL) Price: US$0.02235 (reached on Oct 16, 2018)
  • 24h Low: US$4.48
  • 7d Low: US$3.89
  • 30d Low: US$3.89
  • 90d Low: US$3.89
  • 52 Week Low: US$1.78
  • YTD (Year-To-Date) Return: -15.22% YTD (Year-To-Date)
  • Market Cap: US$1,107,191,253 (US$ 1.107 billion)
  • Crypto Rank (in terms of market cap): 104th in the crypto market
  • Fully Diluted Market Cap: US$3,224,546,932
  • Max Supply: 695,658,160
  • Total Supply: 695,658,160
  • Circulating Supply: 238,863,519.83 CEL (34%)

These are the facts that made the CEL coin a preferred medium of exchange. Always check out market data and technical analysis before trading or investing. Also, consult crypto financial advisors and get tips from them on trending coins, know the ways of buying cryptocurrencies, and how to earn crypto easily. 

CEL Coin Price Prediction

  • According to Wallet Investor, the average price of CEL is going to reach around:
  • US$$46.484 by 2026

  • According to Digital Coin Price, the average price of CEL is going to reach:
  • US$6.7 by 2021-end
  • US$8.39 by 2022
  • US$9.76 by 2023
  • US$11.45 by 2024
  • US$13.76 by 2025
  • US$16.27 by 2026
  • US$21.52 by 2028

  • According to Crypto Coin Society, the average price of CEL is going to reach:
  • US$7.87 by 2021-end

  • According to GOV Capital, the average price of CEL is going to reach:
  • US$11.636117884162 by 2022-end
  • US$63.015 by 2026

  • According to Long Forecast, the average price of CEL is going to reach:
  • US$9.93 by 2021-end

  • According to Coin Price Forecast, the average price of CEL is going to reach:
  • US$10 by 2021-end
  • US$20 by 2022
  • US$25 by 2023
  • US$50 by 2033

Where can you Buy Celsius tokens?

You can buy CEL coins in almost all reputed cryptocurrency exchanges including:

  • FTX
  • Uniswap (V2)
  • Uniswap (V3)
  • Bitfinex
  • Liquid
  • Bittrex
  • Bitstamp
  • OKEx
  • Indodax, and many more.

You can use credit cards, debit cards, or money transfers from a bank account to fund your cryptocurrency trading or investing account in a leading cryptocurrency exchange. 

The most popular price pairs of CEL are:

  • CEL/ETH 
  • CEL/INR, and many more.

Before investing, check out historical data of token CEL, crypto news, Celsius token price charts, price performance, market updates, CEL to USD (United States Dollar) exchange rate, the value of CEL, trading fees, and others.

What are the Best Crypto Wallets to Store CEL Coins?

The best Celsius token wallets to store CEL coins are:

  1. Bitcoin wallet
  2. Coinbank
  3. Coinbase Wallet

Invest in Celsius token and Other Cryptocurrencies

You can buy and sell CEL and other virtual currencies against various fiat currencies (US Dollar USD, British Pound Sterling, Canadian Dollar CAD, South Korean WON, Singapore Dollar, Taiwan Dollar, Russian Ruble, Chinese Yuan, Hong Kong Dollar, etc.) through a wide array of crypto exchanges (centralized or decentralized exchanges), crypto APIs or mobile app, and Celsius token markets. Use Dollar Cost Averaging DCA strategy to invest in cryptos to minimize the risks associated with high volatility. 

If you want to increase your investment explosively in the coming 5-to-10 years, buy crypto coins now. Keep an eye on the market news, price statistics, block times, blockchain news, and others to time your trading of Defi protocols and tokens for maximum profit. 

You can also diversify your crypto coin portfolio by including other digital assets such as CEL, XMR, FIL, ETC, WBTC, BCH, BTC, AAVE, Ripple XRP, Bitcoin Ether ETH, Bitcoin Gold (also called Bit Gold), Bitcoin Cash BCH, Basic Attention Token, Ethereum Classic, Shiba Inu SHIB, Binance Coin, Wrapped Bitcoin (some also call it wrap bitcoin or wBTC), USD Coin, Gemini Dollar, ERC20 tokens (created on Ethereum blockchain), nonfungible tokens NFTs, and others. 

Invest in cryptocurrencies, various types of stocks, mutual funds, index funds, real estate, and others to improve your personal finance. If possible, get help from a portfolio manager or wealth management firm for maximum return. You can also increase your income through yield farming, using telegram bots and other automated trading bots, and many more.

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