Celsius (CEL) experienced a noticeable increase in sentiment and trading volume today, resulting in an incredible 143% price surge. This occurred following losses in high-volume cryptocurrencies earlier in the day, drawing the entire market’s attention to CEL. The rise in CEL coin sparked a frenzy in the cryptocurrency space, with some positioning it as a pump-and-dump scenario.
How Much is Celsius (CEL) Worth?
The sharp upward movement in CEL placed it at the top of the gainers list in the last 24 hours. CEL’s 143% increase during this period parallels the excessive trading volumes, whale activity, and overall market movements. CEL’s 24-hour trading volume also surged by 1154%, surpassing 117 million dollars.
CEL’s market cap rose to 48 million dollars following the massive surge, but the cryptocurrency still remains outside the top 500. As the crypto community’s interest in CEL intensifies, on-chain data shows that this situation continues to support the rise for high-volume altcoins. As of the time of writing, CEL has risen above 1.30 dollars. CEL’s 7-day gain indicates around 90%, while in the last 30 days, this rate reached 140%.
In addition to the increase in volume, CEL also drew attention with significant whale activities. The sentiment created by the whales led market makers to follow CEL closely, expecting a rise. The incredible growth in price today opened the way for investors to turn to Celsius.
Crypto Market Reactions
Bitcoin experienced a 1.48% increase today, continuing to trade at 68,500 dollars. While Bitcoin’s market cap remains at 1.3 billion dollars, its trading volume saw a 29% drop to 29 billion dollars.
Despite a noticeable rise in monthly inflows, Celsius’s record surge of over 120% still shocked the community. Initial comments on X (formerly known as Twitter) revealed that some users were completely astonished by the rise.
In the coming hours, whether CEL’s price increase will continue and to what extent it will go are among the topics being discussed. It is also worth noting that CEL’s all-time high (ATH) is at 8 dollars.
