Bitcoin (BTC) PRICE NOW: $61,018.5500000024h change: -0.99% Ethereum (ETH) PRICE NOW: $3,889.0700000024h change: 1.33% Binance Coin (BNB) PRICE NOW: $465.4000000024h change: -1.37% Cardano (ADA) PRICE NOW: $2.1770000024h change: -1.37% XRP (XRP) PRICE NOW: $1.1354000024h change: -0.30% Solana (SOL) PRICE NOW: $163.5600000024h change: 2.56% HEX (HEX) PRICE NOW: $0.2798774324h change: -18.09% Polkadot (DOT) PRICE NOW: $42.4000000024h change: -2.20% USD Coin (USDC) PRICE NOW: $0.9999000024h change: 0.10% Dogecoin (DOGE) PRICE NOW: $0.2371000024h change: 0.04% Terra (LUNA) PRICE NOW: $36.7800000024h change: -0.89% Uniswap (UNI) PRICE NOW: $26.5900000024h change: 2.61% Wrapped Bitcoin (WBTC) PRICE NOW: $61,439.0000000024h change: 0.03% Binance USD (BUSD) PRICE NOW: $0.9999000024h change: 0.03% SHIBA INU (SHIB) PRICE NOW: $0.0000259124h change: 4.25%
Trollbox

Celsius CEL/USD is a banking and financial services platform for cryptocurrency users. It provides users with regular payouts and interest on their holdings, and the CE token performs a variety of functions, such as boosting user payouts.The $400 million investment as a catalyst for growthBack on September 18, we covered how two U.S. states started cracking down on the Celsius Network.However, this hasn’t stopped Celsius Network from evolving and expanding its offerings.On October 12, Celsius Network announced that they raised $400 million.They noted that the funding was led by Canada’s second-largest pension fund, Caisse de dépôt et placement du Québec (CDPQ), alongside an equity firm established by a former Airbnb executive Laurence Tosi known as WestCap.The goal is to use these proceeds from the investment to continue the expansion of product offerings, with a specific focus on institutional-grade products.Celsius also expects to double the team, from the current 486 employees to around 1,000. The CEO at Celsius, Alex Mashinsky, said that he hopes the new fundraising can help the industry reassure regulators about the stability of his crypto-lending business and expand it across mainstream financial markets.Additionally, this new funding round has evaluated Celsius at over $3 billion, which is an increase from the $10 million equity funding last year that brought the company’s valuation to $150 million.Should you invest in Celsius (CEL)?On October 13, Celsius (CEL) had a value of $5.57.To get a better perspective at what kind of value point this is for the token, we will be comparing it to its all-time high value as well as its performance in September.In terms of the all-time high value of CEL, it was on June 4 when the token achieved a value of $8.05.This means that the token was $2.48 higher, or 44% higher in value at its peak.The highest point the token achieved in September was on September 3, when the token had a value of $6.46.The lowest point it fell to was on September 26, when the token dropped to $4.92. Here we can see that the token dropped in value by $1.54 or by 23% throughout the month.That said, it did raise its value by $0.65 or by 13% from September 26 to October 13.According to data from IntoTheBlock, CEL saw $72.21 million in transactions greater than $100,000 within the last seven days.Additionally, we can see that CEL had $1.73 million in total exchange inflows within the last seven days.Furthermore, the network had 35.33K addresses as its 30-day average, with 36.42K at its high and 34.5K at its low points.With all of this in mind, we can expect the CEL token to reach a value of $6.40 by the end of October, making it a worthwhile investment.The post Should you invest in Celsius Network after they raised $400M ? appeared first on Invezz.from Market Analysis – Invezz

a

a

a

a

a

a

Read More