- Celsius Network has paid its remaining debt to DeFi protocol MakerDAO.
- Bulls have been in a position to gasoline an uptrend which in the end led to a greater than 10% enhance within the CEL value.
- The Relative Strength Index rested above the 50 impartial at 53.12.
After the Celsius Network’s choice to halt all transactions and withdrawals final month, the entire crypto market plunged into a really darkish and bearish abyss.
On the intense facet, there’s some excellent news in the present day as Celsius Network has paid its remaining debt to DeFi protocol MakerDAO. The fee of the remaining $41.2 million was made on July 7. This payment-enabled Celsius to unlock the collateralized $448 million.
On July 7, when Celsius began with its repayments, the worth of CEL stood at $0.83. That similar day, the worth of the token dropped as little as $0.68. Despite this poor begin, bulls have been in a position to gasoline an uptrend which in the end led to a greater than 10% enhance within the CEL value over the past three days. At the time of writing, CEL is price $0.7822.
Over the identical three days, the market cap of CEL noticed a 9% enhance to face at $216.46 million.
Furthermore, on CEL’s 24-hour chart, the Relative Strength Index rested above the 50 impartial at 53.12. The elevated accumulation of CEL led to an upward curve at 58 on the Money Flow Index.
Between July 7 and 9, the variety of addresses transacting in CEL grew by 138%. During the identical interval, the variety of CEL tokens throughout all transactions noticed an 80% enhance.
When trying on the token by means of a social lens, nevertheless, issues aren’t so scorching as CEL’s social dominance declined by 29% since July 7.
Disclaimer: The views and opinions expressed on this article are solely the creator’s and don’t essentially mirror the views of koinaly. No data on this article must be interpreted as funding recommendation. koinaly encourages all customers to do their very own analysis earlier than investing in cryptocurrencies.
