{"id":502606,"date":"2022-09-17T09:56:50","date_gmt":"2022-09-17T09:56:50","guid":{"rendered":"https:\/\/wncen.com\/?p=502606"},"modified":"2022-09-17T09:57:27","modified_gmt":"2022-09-17T09:57:27","slug":"celsius-investors-not-upbeat-by-cel-performance","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/celsius-investors-not-upbeat-by-cel-performance\/","title":{"rendered":"Why Celsius Investors Don\u2019t Seem Upbeat Despite CEL Rallying 30%"},"content":{"rendered":"<p><em><span style=\"font-weight: 400\">Celsius (CEL) has been on the headlines recently in line with hearing updates following its filing of bankruptcy and sale of stablecoins.<\/span><\/em><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">CEL price spikes 30% as seen in the past 24 hours<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Price slumps 13.21% despite improvement in social media metrics<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">ETH Merge to impact CEL performance<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Celsius Network has recently filed for bankruptcy in July and is now in Chapter 11 proceedings. More so, the network has also requested for court authorization on its plans to dispose its stablecoins to pump up liquidity needed for its operations.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Once this is approved by Martin Glenn, the U.S. presiding judge, the money pooled from the sale of stablecoins would serve as funding for Celsius operations.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The said hearing on the sale of stablecoins is set on October 6 in New York.<\/span><\/p>\n<div class=\"related-reading-shortcode\">\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/bitcoinist.com\/celsius-meeting-audio-leaked\/\" rel=\"nofollow\">Celsius Meeting Audio Leaked \u2013 Why Staffers Are Reacting With Mistrust<\/a><\/div>\n<\/div>\n<h2><b>Agreement To Appoint An Independent Examiner<\/b><\/h2>\n<p><span style=\"font-weight: 400\">In September, The U.S. Trustee\u2019s office together with Celsius\u2019 committee consisting of creditors made an agreement to assign an independent examiner with the condition that they will restrict both the funding and time allotted to the examiner. <\/span><\/p>\n<p><span style=\"font-weight: 400\">More so, the United States Trustee\u2019s Office will be in charge of choosing the examiner. The judge has approved this on Wednesday.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In this connection, Celsius has recently posted a tweet on September 15 harping on their willingness to continue working with the U.S. Trustee and Unsecured Creditors Committee as well as their commitment to improve network efficiency in order to serve their customers better.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/will-tron-tie-up-with-wintermute-boost-trx\/\">Will Tron Tie-Up With Liquidity Provider Wintermute Boost TRX Price?<\/a><\/div>\n<h2><b>CEL Price Down 13.21% Despite Increase In Metrics<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Triggered by the recent developments and hearing events, CEL price is observed to have spiked by 30% as seen in the past 24 hours. More so, CEL social media metrics has also accelerated. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Social media engagement also peaked at 1.2 billion showing a remarkable growth of 32.26%.<\/span><span style=\"font-weight: 400\">\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Despite the boost in social media engagement as well as a price rally, there are still some nagging issues surrounding CEL that make investors apprehensive about the altcoin.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to CoinMarketCap, CEL price has nosedived by 13.21% or trading at $1.70 as of this writing.<\/span><span style=\"font-weight: 400\">\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The total market cap of CEL has slumped by 36.21% as seen in August. More so, market dominance also declined by as much as 41.25%. Uncertainty is creeping on the token, and investors are being extra cautious in making any move due to its high volatility.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The Ethereum merge also has a great impact on CEL performance. In fact, Celsius has posted a tweet stating that they are tracking the merge.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Investors also look at the short-squeeze movement as a warning because history shows that this movement can negatively impact investor portfolios.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/rUFnUy9W\/\" width=\"1834\" height=\"875\"><\/p>\n<pre style=\"text-align: center\">Crypto total market cap at $927 trillion on the daily chart | Source: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" rel=\"nofollow\">TradingView.com<\/a>\r\n\r\nFeatured image from LedgerInsights, Chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" rel=\"nofollow\">TradingView.com<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Celsius (CEL) has been on the headlines recently in line with hearing updates following its filing of bankruptcy and sale of stablecoins. CEL price spikes 30% as seen in the past 24 hours Price slumps 13.21% despite improvement in social media metrics ETH Merge to impact CEL performance Celsius Network has recently filed for bankruptcy in July and is now in Chapter 11 proceedings. More so, the network has also requested for court authorization on its plans to dispose its stablecoins to pump up liquidity needed for its operations. Once this is approved by Martin Glenn, the U.S. presiding judge, the money pooled from the sale of stablecoins would serve as funding for Celsius operations. The said hearing on the sale of stablecoins is set on October 6 in New York. Related Reading: Celsius Meeting Audio Leaked \u2013 Why Staffers Are Reacting With Mistrust Agreement To Appoint An Independent Examiner In September, The U.S. Trustee\u2019s office together with Celsius\u2019 committee consisting of creditors made an agreement to assign an independent examiner with the condition that they will restrict both the funding and time allotted to the examiner. More so, the United States Trustee\u2019s Office will be in charge of choosing the examiner. The judge has approved this on Wednesday. In this connection, Celsius has recently posted a tweet on September 15 harping on their willingness to continue working with the U.S. Trustee and Unsecured Creditors Committee as well as their commitment to improve network efficiency in order to serve their customers better. Related Reading: Will Tron Tie-Up With Liquidity Provider Wintermute Boost TRX Price? CEL Price Down 13.21% Despite Increase In Metrics Triggered by the recent developments and hearing events, CEL price is observed to have spiked by 30% as seen in the past 24 hours. More so, CEL social media metrics has also accelerated. Social media engagement also peaked at 1.2 billion showing a remarkable growth of 32.26%.\u00a0 Despite the boost in social media engagement as well as a price rally, there are still some nagging issues surrounding CEL that make investors apprehensive about the altcoin. According to CoinMarketCap, CEL price has nosedived by 13.21% or trading at $1.70 as of this writing.\u00a0 The total market cap of CEL has slumped by 36.21% as seen in August. More so, market dominance also declined by as much as 41.25%. Uncertainty is creeping on the token, and investors are being extra cautious in making any move due to its high volatility. The Ethereum merge also has a great impact on CEL performance. In fact, Celsius has posted a tweet stating that they are tracking the merge. Investors also look at the short-squeeze movement as a warning because history shows that this movement can negatively impact investor portfolios. Crypto total market cap at $927 trillion on the daily chart | Source: TradingView.com Featured image from LedgerInsights, Chart: TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":502608,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[1144,86358,86759,83722,86204,85795,65296,8686],"class_list":["post-502606","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-btcusd","tag-cel","tag-cel-price","tag-celsius","tag-celsius-network","tag-eth-merge","tag-ethbtc","tag-ethusd"],"acf":[],"yoast_head":"\n<title>Why Celsius Investors Don\u2019t Seem Upbeat Despite CEL Rallying 30%<\/title>\n<meta name=\"description\" content=\"Celsius (CEL) has been on the headlines recently in line with hearing updates following its filing of bankruptcy and sale of stablecoins. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Why Celsius Investors Don\u2019t Seem Upbeat Despite CEL Rallying 30%","url":"http:\/\/wncen.com\/news\/celsius-investors-not-upbeat-by-cel-performance\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/celsius-investors-not-upbeat-by-cel-performance\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/09\/Celsius.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/09\/Celsius.png?fit=892%2C576"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["btcusd","cel","cel price","celsius","celsius network","eth merge","ethbtc","ethusd"],"dateCreated":"2022-09-17T09:56:50Z","datePublished":"2022-09-17T09:56:50Z","dateModified":"2022-09-17T09:57:27Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Why Celsius Investors Don\\u2019t Seem Upbeat Despite CEL Rallying 30%\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/celsius-investors-not-upbeat-by-cel-performance\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/celsius-investors-not-upbeat-by-cel-performance\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/09\\\/Celsius.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/09\\\/Celsius.png?fit=892%2C576\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"btcusd\",\"cel\",\"cel price\",\"celsius\",\"celsius network\",\"eth merge\",\"ethbtc\",\"ethusd\"],\"dateCreated\":\"2022-09-17T09:56:50Z\",\"datePublished\":\"2022-09-17T09:56:50Z\",\"dateModified\":\"2022-09-17T09:57:27Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/09\/Celsius.png?fit=892%2C576","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/502606"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=502606"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/502606\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/502608"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=502606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=502606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=502606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}