In a surprising move, leading cryptocurrency platform Celsius recently made a strategic decision to expand its altcoin portfolio. The company, which offers interest-earning accounts and lending services, has sold a significant amount of altcoins and transferred them to FalconX, a prominent digital asset trading platform.
In a recent tweet by the popular crypto analyst firm Lookonchain, it has revealed that Celsius has initiated the sale of various altcoins:
Notice that #Celsius started selling altcoins.
— Lookonchain (@lookonchain) July 17, 2023
1.27M $LINK ($8.5M), 2.83M $SNX ($7.84M), 12,597 $BNB ($3M), 4.45M 1INCH ($2.26M), 8.53M $ZRX ($1.9M), and 439K $FTX ($713K) were transferred to #FalconX.
And 186,149 $BONE ($235K) was deposited into #OKEx.https://t.co/Auf2S9Z2Z5 pic.twitter.com/Dbznr0w3Le
According to the tweet, Celsius moved an impressive 1.27 million LINK tokens, worth approximately $8.5 million, along with 2.83 million SNX tokens valued at around $7.84 million. In addition, Celsius transferred 12,597 BNB tokens, equivalent to $3 million, as well as 4.45 million 1INCH tokens worth $2.26 million. Not stopping there, the company also moved 8.53 million ZRX tokens valued at $1.9 million, and 439,000 FTX tokens worth approximately $713,000.
The current price of Chainlink (LINKUSD) is 6.5894075 USD, reflecting a decrease of 0.3% or -0.0198062. In terms of technical outlook, the indicators suggest a neutral stance. However, based on the price movement, there is a selling pressure observed. This indicates a cautious sentiment in the market.
In terms of indicators, the MACD (Moving Average Convergence Divergence) with parameters 12, 26, and a signal line of 9, indicates a value of 0.0651248. This suggests a potential bullish crossover between the MACD line and the signal line, which could indicate a positive shift in momentum for Synthetix.
The current price of Synthetix (SNXUSD) is 2.6240030 USD, reflecting a decrease of 0.76% or -0.0199674. In terms of indicators, the MACD (Moving Average Convergence Divergence) with parameters 12, 26, and a signal line of 9, indicates a value of 0.0651248. This suggests a potential bullish crossover between the MACD line and the signal line, which could indicate a positive shift in momentum for Synthetix.
The current price of Binance Coin (BNBUSD) is 241.10619642 USD, showing a decline of 0.55% or -1.39990232. The Relative Strength Index (RSI) with a period of 14 and the closing price, currently stands at 46.27. The Simple Moving Average (SMA) with a period of 14 has an average value of 47.48. These values suggest that the RSI is slightly below the SMA, indicating a neutral to slightly bearish sentiment.
The current price of 0x (ZRXUSD) is 0.25124895 USD, reflecting a significant increase of 17.38%. Looking at the indicators, the Relative Strength Index (RSI) with a period of 14 and the closing price currently stands at 65.97. The Simple Moving Average (SMA) with a period of 14 has an average value of 54.34. These values suggest that the RSI is relatively high, indicating bullish momentum for 0x.
The current price of FTX Token (FTTUSD) is 1.58555799 USD, indicating a decrease of 2.75%. Analyzing the indicators, the MACD (Moving Average Convergence Divergence) with parameters 12, 26, and a signal line of 9, shows a value of -0.01213762. This indicates a bearish crossover between the MACD line and the signal line, suggesting a potential downward momentum for FTT.
In a bold move, Celsius has diversified its altcoin portfolio by selling various altcoins and transferring them to FalconX, a prominent digital asset trading platform. This strategic decision reflects Celsius’ commitment to staying competitive and exploring new opportunities in the ever-evolving crypto market.
