![Is CEL’s [Celsius] 29% rally enough compensation to repay debts](https://i.headtopics.com/images/2022/7/15/cryptoamb/is-cel-s-celsius-29-rally-enough-compensation-to-repay-debts-1547967479590178817.webp)
The heat on Celsius [CEL], the embattled crypto-lending platform, seems to have reduced lately. Interestingly, the wave looks to have spread to its coin CEL. The altcoin was one of the best-performing cryptocurrencies over the last 24 hours of 15 July. At press time, CEL stood at $0.73, which was an unexpected 29% increase from […]
Just as the CEL price increased, the market cap followed. According to data from Santiment, the market cap was about $105.89 billion on 14 July. On the same day, it increased to $182.23 million, indicating that the price increase had some support from investors.Similarly, the volume of Celsius has been on the rise lately. In the early hours of 14 July, the CEL volume was 18.08 million.
However, the same volume stood at 66.47 million at press time. The fluctuation in volume signals wavering investors’ sentiments.While this uptrend could have Celsius HODLers in profit, the big problem remains how the organization would pay its users. The company currently has $167 million in cash, and its assets to liability ratio don’t seem enough to deliver.
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