Latest Celsius news
Celsius seeks show of client support as lawyers push for Chapter 11 bankruptcy
The embattled crypto lender is resisting a recommendation from its own lawyers to file for Chapter 11 bankruptcy — and seeking a show of support from users. The post Celsius seeks show of client support as lawyers push for Chapter 11 bankruptcy appeared first on The Block.
Goldman Sachs Seeking To Buy Celsius Assets If It Goes Bankrupt: Report
With a significant downturn in the crypto market and extreme market conditions, Celsius Network suspended withdrawals from its platforms last week. In addition, it paused all swaps and transfers between the platform’s accounts. The company has been in a terrible phase with major liquidations on the platform. According to reports, Goldman Sachs Group Inc (NYSE: GS) has come forward to rescue the firm and has offered to raise $2 billion from investors to buy up distressed assets from Celsius. Goldman Sachs is currently weighing interest from Web 3 crypto funds. With this deal, investors would be allowed to buy up Celsius’ assets at significant discounts in the event of a bankruptcy filing. Also Read: Nexo Offers To Buy Celsius Assets Amid Withdrawal Halt Celsius had more than $8 billion lent to clients and $12 billion in assets under management. The Wall Street Journal reported that Celsius has roped in advisory firm Alvarez & Marsal for this deal. It has also tapped in restructuring attorneys from the law firm Akin Gump Strauss Hauer & Feld. According to a report, Celsius raised close to $750 million from the investors last year, including Canada’s second-largest pension fund, Caisse de dépôt et placement du Québec. © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Benzinga•
Goldman Sachs said to be raising investor funds to buy Celsius assets: CoinDesk
The investors would be able to acquire Celsius assets at discounts in the event of a bankruptcy filing, people familiar were cited as saying in the report. The post Goldman Sachs said to be raising investor funds to buy Celsius assets: CoinDesk appeared first on The Block.
Celsius Enlists More Advisors to Help With Potential Bankruptcy: Report
Celsius its headed towards bankruptcy—and looking for help, sources tell the Wall Street Journal.
Crypto lender Celsius hires more advisors ahead of possible bankruptcy: WSJ
Crypto lender Celsius continues to weigh a possible bankruptcy amid serious financial woes, according to the Wall Street Journal. The post Crypto lender Celsius hires more advisors ahead of possible bankruptcy: WSJ appeared first on The Block.
Celsius Defies Fear of Implosion as Token Soars 218%
Short Squeeze Targets Investors Who Bet Against CELThe Defiant•
- The highest expected Celsius price in 2021 is $5.2
- The lowest expected Celsius price in 2021 is $3.48
- Celsius expected price fluctuates between $3.71 and $3.96
Founded in 2017, Celsius is a convenient banking and financial solution for cryptocurrency owners. The platform’s mission is to provide fair and transparent services that cannot be offered by traditional banks anymore, such as low loan fees, fair interest, momentary transactions and so much more.
The Celsius Wallet allows members to borrow USD easily without having to sell their crypto holdings first.
The platform’s native token $CEL secures the proper functioning of all services on Celsius.
Celsius Technical Analysis
Celsius can be traded on the following platforms: FTX, Uniswap, Liquid, Gate.io. etc.
- Cryptocurrency Name: Celsius
- Ticker Symbol: CEL
- CEL Price: $3.60
- Market cap: $860,090,097
- All-time high: $8.05 (Jun 04, 2021)
- All-time low: $0.02620268 (Dec 07, 2018)
What is Celsius?
Celsius is a platform that strives to offer the best financial services among all other financial institutions, including the traditional ones. For example, offering lower fees and higher returns on savings and deposits.
The $CEL token is distributed among members of the Celsius community and is used for depositing cryptocurrencies in the Celsius wallet, functions as collateral when applying for USD loans with cryptocurrencies, and gives a discount when used for paying interest.
The Celsius team wants to give back to its users. 80% of the profit is returned to the community members. All payments, members’ data, and assets are secured by various bank-grade security such as multi-factor authentication, encryption, private-key double vaults, etc. The system has also implemented third-party security solutions.
Analysts' Price Forecasts
Walletinvestor Celsius Price Prediction
Walletinvestor indicates that Celsius has been in a bearish trend lately, however, the prices are likely to start increasing soon. Therefore it is a good investment option at the moment. The CEL price may fluctuate between $3.609 and $4.153 after one year (+15.08%). The price could increase more in the next few years and reach $5.885 by 2026.
Digitalcoin Celsius Price Prediction
Digitalcoin indicates that the CEL price will continue to increase in the future. Celsius has great growth potential. In 2021 the price may go up to $5.2. In 2022 it is going to increase up to $6.51. By 2023-2024 the CEL price is likely to surpass the $8.89 level. In 2025 the CEL price could reach $10.68. By 2028 Celsius may surpass the $16 point and hit $16.71.
Priceprediction.net Celsius Price Prediction
Priceprediction.net predicts a future spike in Celsius prices. The average expected price for December 2021 is $3.85. In 2022 the CEL price forecast shows almost a 3$ increase -- the price may hit the $6.47 mark. By 2025 the CEL price is likely to surge and reach as much as $20.03 By 2030 the CEL price could surpass $100 and spike up to $116.32, making it a great investment option at the moment.
Gov.Capital Celsius Price Prediction
As of today, Gov.Capital data indicates that the CEL price may go up to $10.7811 next year. As a result, the platform strongly recommends investing in Celsius or adding the coin to your portfolio. If you invest $100 in Celsius right now, you will likely end up with $292. 013 next year. Gov.Capital makes predictions by comparing key variables such as volume, price, and market cycle changes of similar coins.
TradingBeasts Celsius Price Prediction
Last but not least, TradingBeasts indicates a potential slight increase in Celsius prices in December 2021. By the end of this year, the average CEL price could reach $3.71968. Next year, however, there may be a slight decrease. The expected average CEL price is set to reach the $3.84400 level. The website predicts no sharp surges or drops for Celsius. The price will start to increase in 2023 and by end of 2024, it may reach $6.39367.
As far as we can tell, most experts base their Celsius price forecast on the previous positive patterns of the coin. They believe Celsius is a great long-term investment and strongly recommend adding Celsius to the portfolio. Some even predict price surges up to $100 in the next few years despite a potential small decrease, based on the data collected from the CEL price forecast.
Check out the latest MicroPets Price Prediction from analysts
What is the expected Celsius price forecast for 2021?
The Celsius price could go up to $5.2 before the end of this year.
Is Celsius a good investment?
Yes, most experts believe that Celsius could be a profitable long-term investment, according to the previous positive patterns in the price movements.
What is Celsius?
Celsius is a convenient banking and financial platform for cryptocurrency owners. The platform’s mission is to provide fair and transparent services that cannot be offered by traditional banks anymore, such as low loan fees, fair interest, momentary transactions and so much more.
What is the expected Celsius price forecast for 2025?
The Celsius price is expected to range between $10.68 and $20.03 in 2025.
What is the maximum token supply of Celsius?
The total maximum Celsius supply is 695,658,160 $CEL.
Celsius Price Prediction 2022
We have gathered the latest Celsius price prediction results from some of the most reliable sources, namely Wallet Investor, Trading Beasts, and PricePrediction.net.
Wallet Investor is prominent that Celsius prices will fall, forecasting a potential bearish trend in 2022. According to the website algorithm, investors may be expecting an average of $0.104, with a potential maximum of $0.035, and a minimum of $0.069.
Trading Beasts has set the following targets for Celsius in 2022: an average of $0.969, a maximum of $1.211, and a minimum of $0.823. Based on the provided data, purchasing Celsius might not be a good long-term investment.
PricePrediction.net has come out with a negative price prediction for Celsius: an average of $1.1, a maximum of $1.24, and a minimum of $1.06 is what holders could be anticipating in 2022.
Celsius Price Prediction 2023
Based on the information provided by key indicators, PricePrediction.net believes that Celsius prices could grow next year. The website forecasts the following prices for Celsius: an average of $1.58, a maximum of $1.83, and a minimum of $1.53.
According to Wallet Investor, Celsius prices are estimated to show negative downtrend signs in 2023, reaching an average of $0.092, with an expected maximum of $0.031, and a minimum of $0.061.
Similarly, Trading Beasts indicates an average of $0.927, a maximum of $1.158, and a minimum of $0.788 for Celsius.
Celsius Price Prediction 2024
PricePrediction.net has set an average of $2.36, a maximum of $2.68 and a minimum of $2.3 for Celsius in two years, therefore predicting value growth for the token.
As for 2024, Wallet Investor is bearish on Celsius. Investors should watch out for a potential average of $0.056. The website also indicates a maximum of $0.019 and a minimum of $0.037 in two years.
Trading Beasts expects a continuous negative trend for Celsius throughout 2024. The prices are likely to range between a maximum of $1.305 and a minimum of $0.887, with an average price reaching $1.044.
Celsius Price Prediction 2025
Trading Beasts is also indicating an increase in Celsius prices, starting from the minimum of $1.066 and reaching as much as $1.568. The expected average price is $1.254.
Furthermore, PricePrediction.net is seemingly enthusiastic about Celsius prices in 2024. The website forecasts that the price may go up to as much as $3.89. The expected average price is set at the $3.34 level, whereas the expected minimum price is $3.22.
In 2025 Wallet Investor views Celsius negatively. According to the website algorithm, the expected average price is $0.038, with potential maximum and minimum prices reaching $0.025 and $0.013 respectively.
Celsius Price Prediction 2030
Last but not least, based on the sentiment from PricePrediction.net, Celsius prices will continue to grow in the long run, with the average price reaching the $23.36 level. The expected maximum price is $27.09 and the potential minimum is $22.55.
According to the long-term forecast from Wallet Investor, Celsius has bad investment potential. The prices could reach $0.044 on average, whereas the maximum price could go up to as much as $0.048, and the minimum price could hit the $0.04 point.
Trading Beasts predicts that the bearish trend will remain strong for Celsius in 2030. Investors could be expecting an average of $0.439. The maximum and minimum prices might hit $0.5 and $0.378 respectively.
Predicting crypto market is challenging. It is hard to forecast the exact price movement. Before you decide to invest in the cryptocurrency of your choice, we strongly recommend learning more about the coin itself and get familiar with the project's roadmap. Remember to always do your own research.
Is Celsius a good investment?
According to the experts' forecasts, Celsius will be a good investment.
Does Celsius Have Potential?
The CEL is already a quite popular cryptocurrency, gradually approaching the new highs on Coinmarketcap's market cap ranking. The project has developed strong partnerships with many giants of the cryptocurrency industry. Since Celsius forecast is positive, It has potential.
How much will Celsius be worth in 2022?
In 2022 the price of CEL is expected to reach $1.24, based on the forecasting from various sources.
How much will Celsius be worth in 2023?
In 2023 the price of CEL is expected to reach $1.83, based on the forecasting from various sources.
How much will Celsius be worth in 2024?
In 2024 the price of CEL is expected to reach $2.68, based on the forecasting from various sources.
How much will Celsius be worth in 2025?
In 2025 the price of CEL is expected to reach $3.89, based on the forecasting from various sources.
How much will Celsius be worth in 2030?
In 2030 the price of CEL is expected to reach $27.09, based on the forecasting from various sources.