Leading Defi yield-farming platform, Celsius Network, today announced a company-wide growth of 200% over the last quarter.The groundbreaking digital asset-based lending and borrowing service provider’s $CEL token is up 9% after the company reported having $17 billion in crypto assets under management, and its customer base earnings collective $1 million in yield, every day.
On Monday, May 17th, London UK headquartered yield-farming protocol, Celsius Network‘s native digital token, $CEL is up 9% on the news that the firm had a strong first quarter. From the 1st of January, 2021, through to the last day of April, Celcius network grew 200%, with it’s +700,000 customers taking home about $1 million in yield each day.
As of the end of April, Celsius Network’s yield ecosystem boasts $17 billion in crypto under management, the sum comprises 100,000 $BTC, and 1.3 million $ETH, with almost $700,000 dollars, in rewards, paid out weekly.
The $CEL token, it is reported, is enjoying growing demand, as about 62% of the platform’s patrons opt to be paid out in the token. The firm hasn’t just grown on the user front, and reports of onboarding 290 global employees in it’s push to spread the crypto gospel.
Currently valued at $7.05, the Celsius Network’s $CEL token opened the day at $6.60, before revisiting the $6.40 support level. A flat Kijun seems to confirm that assumption. What may unfold from this point forward is a third wave climb to the $8 – $12 price levels – barring a bearish break. The candle formation suggests bullish momentum, however.
