CEL Price Surges 15% After Blockchain Fest Crowns Celsius Network, ‘The Best CeFi Lending Platform of 2021’ Award

2 min read

Celsius Network

Why is CEO Alex Mashinsky and his amazing Celsian Team enigmatically ECSTATIC?

Here’s why…

While the cryptocurrency market saw some amazing developments by projects over the past 12 months, The Blockchain Fest 2021 recognized some of the top platforms in the cryptocurrency space in the past year.



Celsius Network Receives the Award for The ‘Best CeFi Lending Platform‘ in 2021


Celsius Network is a cryptocurrency lending platform designed to provide financial services to people in various parts of the world. It is a centralized finance (CeFi) lending platform that makes it easy to borrow and lend cryptocurrencies.

CEL, the native coin of the Celsius Network, has been rallying over the past 24 hours. At press time, CEL is trading at $4.59 per token, up by more than 15% in the last 24 hours. The rally comes following the latest award received by the project.




The company said, “Celsius is proud to be announced as a winner of the 2021 Crypto Awards, ‘Best CeFi Lending Platform,’ awarded at Blockchain Fest 2021. We would like to give a special thanks to our community – we are pleased to be named the people’s choice!”


CEL has been performing excellently over the past few weeks. The coin’s value is up by more than 20% over the past month, making it one of the top performers in the cryptocurrency market during that period.


CEL Eyes the $5 Mark Following Recent Rally

The CEL/USD daily chart is one of the most bullish in the market at the moment, thanks to the coin’s recent performance. The technical indicators show that the coin is performing well and could rally higher soon.

CEL’s RSI shows the coin is overbought. [Source: FXEMPIRE]


The MACD line currently stays within the positive territory, while the RSI of 72 shows that there is strong buying pressure on CEL at the moment. CEL is also trading above its 50-day moving average of $3.98.

If the rally is sustained, CEL will break past the $5 resistance level over the coming hours. Unless there is an extended rally and support from the broader market, the second major resistance level of $5.9 should limit further upward movement in the short term.

See the major accomplishments, accolades and truly proven, impressive year the Celsius Network Team completely crushed this tough year in 2021, in the graphic below:

[If anything, this coveted award tenders and solidifies Celsius Network’s validity as a true powerhouse and stronghold leader in the CeFi (and burgeoning DeFi) space with much more benefits to come in the ‘Unbanking‘ and putting the power back into the people’s hands.]



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*Trending Article:  CEO/Founder ‘Magic’ Mashinsky Supports Gold and Bitcoin Price Soar Predictions into Year 2022″

=> [Official Review/Analysis of Celsius Network 2021-2022]:  Is Celsius Crypto Safe To Use and Invest?


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