CEL Token Appears to Be In Upward Momentum Channel

2021년 2월 24일

Over the last 12 months, CEL has remained in a strong upward channel, although has fluctuated between strong upward trends and "breathers" (consolidations) where it eases off for a bit (indicated with a red background).

In my humble opinion, the main reason for this strong upward trend is the unique tokenomics of CEL, which include:

• Celsius depositors buying CEL in order to gain access to higher interest rates
  
• Celsius borrowers buying CEL in order to gain access to lower loan interest rates
  
• Celsius buying US$1-2 million of CEL every single week on the open market in order to pay interest to users
  
• Significant user growth
  
• Consistent flow of new partnerships with crypto exchanges and other services
  
• New features which will continue to attract new users
  

Assuming these continue, I believe the next 6 months will be positive for the CEL token, and if it remains in the upward channel, it has the potential to reach the targets indicated.