Celsius is hot news in the crypto industry. After the tweet about pausing withdrawals at the Celsius network, the price of the native coin plummeted by 70%. Let’s hear the voice of Celsius itself.
“Celsius network is pausing all withdrawals, Swap, and transfers between accounts. Acting in the interest of our community is our top priority. Our operations continue and we will continue to share information with the community.”
– Celsius announced this on June 13 on its platform and social media handles.
Celsius Network is much like a traditional bank, so it has called on lawyers for the solutions to its mounting financial problems. And later on Jun 14, it was posted on social media platforms,
“The Celsius network is working as quickly as possible and will share information as and when it becomes appropriate. Acting in the interest of our community remains our top priority.”
Investors are keeping a constant eye to get everything back on track.
What Is Celsius?
Celsius (CEL) in the crypto world is equivalent to the traditional banks which allow the users to buy, earn, sell, and swap. With a bulk of 1.7 million people across the world, Celsius coin is offering its services and product on a user-friendly mobile application. Celsius is a lending platform that allows users to borrow crypto at low interest and lend at a high yield. You can borrow assets on the Celsius network with 0.1% APY.
On transferring crypto on the Celsius network, you can earn up to 18.63% APY weekly. On Celsius crypto, you can buy Bitcoin, Ethereum, and various altcoins with your credit card or a bank account. Other than this, you can withdraw your assets anytime with no withdrawal fee. Celsius in the crypto market is with a mission.
‘To put unparalleled economic freedom in the hands of the people.’
It allows individual users to access the transparent economy and fair rewards.
Services Of Celsius (CEL) Token
Celsius token offers enormous services to its users, and those include borrowing, lending, buying, earning, swapping, and CEL Token and CelPay.
Celsius coin allows its users to pay directly and instantly from the Celsius mobile application. It is a fast, secure, and free service.
CEL token is a native coin at the Celsius network. It is used as a reward function in the celsius network. You can buy a CEL token on the network exchange via the mobile application.
Celsius coin is a lending platform that depicts similarities with traditional banks. It allows customers to borrow against the crypto they have at a low APY of 0.1%.
With the instant swapping at Celsius coin, you can go from your coin to over 40 altcoins at the same mobile application you use for its other services.
Celsius Credit Card
Celsius crypto is ready to launch its epic credit card, which will allow users to earn rewards if they are spending with it or not.
Where To Buy CEL Coin
CEL token is not available on most of the exchanges. But we are listing some exchanges down below where you can buy the CEL token. We strongly suggest that you buy a CEL token in the exchanges you have done your complete research about. Buy your coin after critically analyzing the exchange you are buying from. CEL token is available on the Celsius network itself, you can buy it from there.
Celsius allows its users to buy the CEL token on the app purchase. Purchasing CEL is not a hustle, but a straightforward task. To buy the CEL token, you must have a verified account on the Celsius network. To purchase, land at Celsius’s home page and click on the Blue ‘Buy coins’ switch. Select the payment method out of the two: bank transfer and Credit Card. select the CEL coin and its quantity, fill up the equivalent fiat amount, Enter the credit card credentials, and tap on the green ‘Pay Now’ button. The purchase is complete. Now you can store it in the celsius network or any wallet.
If you use Coinbase, here are ways for you to buy the CEL coin on Coinbase. You can not directly buy the CEL crypto coin on Coinbase, but you need to buy the Ethereum which later you can use to buy the CEL coin. Coinbase guides you to buy the CEL token.
First, you need to download the Coinbase wallet, use the username, and store your private keys in the Coinbase wallet. Now you need to buy the Ethereum coin from the Coinbase exchange network. After you have bought the Ethereum, transfer it to the Coinbase wallet. Now use Ethereum to buy the CEL token.
As we know, the CEL coin is available on a few exchanges, and FTX is one of those. To buy a CEL token on FTX, you need to open an account first with your email address and password. It will redirect you to a verification page where you can verify the email address you have provided.
After this, you need to link your FTX account with your bank account and deposit some funds to it. You can buy a wallet in advance to keep your coin safe. After you have funded your FTX account, you are ready to make your purchase. Find the CEL coin in the listed coins and click on the buy button.
The Liquid is an exchange that offers higher liquidity of CEL tokens. The liquid is a place where you can buy the CEL crypto coin. Create your account on Liquid with an email address and a password. After creating an account On Liquid, get your account verified on the verification page.
You can buy CEL on Liquid against Bitcoin, Ethereum, and USDC. Fund your account with any of these tokens. After a successful deposition, you can lend to the market and select the CEL coin out of the coins listed. Click on the buy switch and transfer the CEL coin to your wallet.
Price Prediction Of Celsius Crypto
As Celsius coin is going through a rigorous downfall this week, it is difficult for it to recover as soon as possible. It has made Bitcoin and Ethereum touch the ground. Investors are scooped seeing Celsius price falling. The current Celsius price is $0.475 at the time of writing. Investors now are considering Celsius to be a bad long-term investment. Experts suggest the Celsius price will lose its value to $0.2 at the end of December. The predicted price of Celsius for the years 2023, 2024, and 2025 are $0.47, $0.46, and $0.62, respectively.
Conclusion On Celsius (CEL) Crypto Price Prediction
Celsius (CEL) coin has been a good investment over the years, but this plummeting in price along with the Bitcoin and Ethereum has disappointed investors worldwide. As it has offered no withdrawal fee for the coins for a long time, now it has paused all the withdrawals.
But the price and predictability of cryptocurrencies are not exact. As the digital assets are highly volatile, the coin may recover. Investors and experts are having a constant eye on celsius prices these days. The fall in price does not make celsius an inappropriate platform. The services Celsius token offers to its customers are outstanding.