-
Bitcoin $81,830.0031
0.67% - Ethereum
$1,865.8546
-1.90% - Tether USDt
$1.0001
0.05% - XRP
$2.2124
5.19% - BNB
$558.0128
1.54% - Solana
$124.5143
0.16% - USDC
$0.9999
0.01% - Cardano
$0.7226
1.45% - Dogecoin
$0.1663
3.97% - TRON
$0.2234
-0.41% - Pi
$1.6646
22.75% - UNUS SED LEO
$9.6790
-1.29% - Chainlink
$13.1446
1.56% - Hedera
$0.1976
2.52% - Stellar
$0.2558
2.05% - Avalanche
$18.2054
5.78% - Shiba Inu
$0.0...01217
3.50% - Sui
$2.2365
3.04% - Bitcoin Cash
$353.0878
4.92% - Litecoin
$90.5641
0.15% - Toncoin
$2.7238
3.36% - MANTRA
$6.3825
0.88% - Polkadot
$3.9591
-0.29% - Ethena USDe
$0.9994
0.00% - Dai
$0.9998
0.00% - Bitget Token
$4.1900
1.68% - Hyperliquid
$13.1634
-5.69% - Monero
$207.6701
1.30% - Uniswap
$5.8154
-2.46% - Aptos
$5.1240
-5.63%
What is the issuance price of Celsius (CEL) coins?
Issued at $0.20 in 2018, Celsius Network's (CEL) value has been impacted by interest rates, demand for crypto lending, tokenomics, market sentiment, and the platform's recent bankruptcy.
Nov 28, 2024 at 05:34 pm
What is the issuance price of Celsius (CEL) coins?
Introduction
Celsius Network is a crypto lending and borrowing platform that allows users to earn interest on their crypto deposits and borrow crypto against their collateral. The platform's native token, CEL, is used to pay for transaction fees, earn rewards, and participate in governance.
Issuance Price of CEL
The initial issuance price of CEL was $0.20 in June 2018. The token was sold in a private sale to a select group of investors.
Factors Affecting CEL Price
The price of CEL is influenced by a number of factors, including:
- Interest rates: CEL holders earn interest on their deposits, so the price of CEL is affected by changes in interest rates.
- Demand for crypto lending: The demand for crypto lending and borrowing services affects the demand for CEL.
- Tokenomics: The tokenomics of CEL, including the total supply and distribution, affect the price.
- Market sentiment: The overall market sentiment towards cryptocurrencies affects the price of CEL.
Subsequent Price Movements
Following the initial issuance, the price of CEL fluctuated significantly. It reached a high of $8.05** in May 2021, but fell to a low of **$0.08 in June 2022.
Impact of Celsius Bankruptcy
In July 2022, Celsius Network filed for Chapter 11 bankruptcy protection. This had a significant impact on the price of CEL, which fell by over 90% in the days following the announcement.
Current Price of CEL
As of [date], the price of CEL is $0.34. This represents a significant decline from its peak price in May 2021.
Conclusion
The issuance price of CEL was $0.20 in June 2018. The price of CEL has fluctuated significantly since then, and is currently trading at $0.34. The price is influenced by a number of factors, including interest rates, demand for crypto lending, tokenomics, market sentiment, and the Celsius bankruptcy.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
- U.Today - Kraken faced a massive Bitcoin withdrawal
- 2025-03-13 01:05:50
- Near Foundation will host an AMA on X featuring representatives of Polkadot
- 2025-03-13 01:05:50
- Near will host the useful agent hackathon on March 14th, offering $20,000 in prizes
- 2025-03-13 01:05:50
- IoTeX Will Participate in Digital Asset Summit in New York on March 18th-20th
- 2025-03-13 01:05:50
- FXGuys ($FXG) Draws Interest From Institutional Investors With Its Proprietary Trading Model
- 2025-03-13 01:05:50
- Gitcoin will host an AMA on X
- 2025-03-13 01:05:50
Related knowledge
What are the main functions of ERC-20 tokens?
Mar 13,2025 at 12:21am
Key Points:ERC-20 tokens are standardized tokens built on the Ethereum blockchain, enabling interoperability and ease of use.Their primary function is to represent fungible assets, meaning each token is interchangeable with any other of the same type.ERC-20 tokens facilitate various use cases, including fundraising (ICOs/IEOs), representing in-game asse...
What is the ERC-20 standard?
Mar 12,2025 at 06:30pm
Key Points:The ERC-20 standard is a technical specification for creating tokens on the Ethereum blockchain.It defines a common set of rules and functions that all ERC-20 tokens must adhere to.This standardization facilitates interoperability and ease of use for developers and users.Understanding ERC-20 is crucial for anyone involved in Ethereum-based to...
Is there a limit on the holding time of SOL in leveraged trading?
Mar 12,2025 at 08:40am
Key Points:There's no inherent time limit on holding SOL in leveraged trading imposed by the cryptocurrency itself.Holding times are dictated by the leveraged trading platform's terms and conditions, and risk management strategies.Liquidity requirements, funding rates, and margin calls significantly influence how long one can realistically hold a levera...
How to set stop profit and stop loss in SOL leveraged trading?
Mar 12,2025 at 01:50pm
Key Points:Understanding Leverage and Risk in SOL Trading: Leverage amplifies both profits and losses. Proper stop-loss and take-profit orders are crucial for risk management.Setting Stop-Loss Orders: A stop-loss order automatically sells your SOL position when the price drops to a predetermined level, limiting potential losses. Placement depends on you...
How is the forced liquidation price of SOL in leveraged trading calculated?
Mar 12,2025 at 12:40pm
Key Points:Forced liquidation in leveraged SOL trading occurs when the trader's position experiences a significant loss, falling below the maintenance margin requirement.The forced liquidation price depends on several factors: the leverage used, the entry price, the initial margin, and the exchange's liquidation parameters. There's no single formula; it...
What is the liquidation mechanism of SOL in leveraged trading?
Mar 12,2025 at 09:25pm
Key Points:Solana (SOL) leveraged trading involves borrowing funds to amplify potential profits, but also magnifies losses.Liquidation occurs when the value of your position falls below the maintenance margin, triggering the automatic sale of your assets to cover losses.The liquidation price depends on the leverage used, the initial margin, and the pric...
What are the main functions of ERC-20 tokens?
Mar 13,2025 at 12:21am
Key Points:ERC-20 tokens are standardized tokens built on the Ethereum blockchain, enabling interoperability and ease of use.Their primary function is to represent fungible assets, meaning each token is interchangeable with any other of the same type.ERC-20 tokens facilitate various use cases, including fundraising (ICOs/IEOs), representing in-game asse...
What is the ERC-20 standard?
Mar 12,2025 at 06:30pm
Key Points:The ERC-20 standard is a technical specification for creating tokens on the Ethereum blockchain.It defines a common set of rules and functions that all ERC-20 tokens must adhere to.This standardization facilitates interoperability and ease of use for developers and users.Understanding ERC-20 is crucial for anyone involved in Ethereum-based to...
Is there a limit on the holding time of SOL in leveraged trading?
Mar 12,2025 at 08:40am
Key Points:There's no inherent time limit on holding SOL in leveraged trading imposed by the cryptocurrency itself.Holding times are dictated by the leveraged trading platform's terms and conditions, and risk management strategies.Liquidity requirements, funding rates, and margin calls significantly influence how long one can realistically hold a levera...
How to set stop profit and stop loss in SOL leveraged trading?
Mar 12,2025 at 01:50pm
Key Points:Understanding Leverage and Risk in SOL Trading: Leverage amplifies both profits and losses. Proper stop-loss and take-profit orders are crucial for risk management.Setting Stop-Loss Orders: A stop-loss order automatically sells your SOL position when the price drops to a predetermined level, limiting potential losses. Placement depends on you...
How is the forced liquidation price of SOL in leveraged trading calculated?
Mar 12,2025 at 12:40pm
Key Points:Forced liquidation in leveraged SOL trading occurs when the trader's position experiences a significant loss, falling below the maintenance margin requirement.The forced liquidation price depends on several factors: the leverage used, the entry price, the initial margin, and the exchange's liquidation parameters. There's no single formula; it...
What is the liquidation mechanism of SOL in leveraged trading?
Mar 12,2025 at 09:25pm
Key Points:Solana (SOL) leveraged trading involves borrowing funds to amplify potential profits, but also magnifies losses.Liquidation occurs when the value of your position falls below the maintenance margin, triggering the automatic sale of your assets to cover losses.The liquidation price depends on the leverage used, the initial margin, and the pric...
See all articles
