Ethereum (ETH)-based altcoins ranking of the top 100 crypto assets by market capitalization has risen by three digits over the past 30 days.
Celsius Network (CEL), a utility token for the Ethereum blockchain, is the utility token for the embattled centralized financial platform of the same name, the Ethereum blockchain, trading at $0.735 since July 12, when the token closed at $223. % is up.
CEL is trading at $2.38 at the time of writing, ranking 60th by market capitalization.
CEL is up 750% in two months from its 2022 low of $0.28 reached in mid-June after the platform ran into liquidity issues and withdrawals were halted. Celsius Network filed for bankruptcy last month.
CEL Token Price Recovery Matches Reuters report Its payments firm, Ripple Labs, said it was interested in the potential purchase of the assets of failed cryptocurrency lender Celsius Network.
A Ripple spokesperson told Reuters on Wednesday that the payments firm was keen to conduct a feasibility study on the platform.
“We would like to know about Celsius and its assets and if there is anything relevant to our business.”
The CEL token price recovery coincides with the Celsius Network revealing how it will proceed through the bankruptcy process.
Last month, the platform gave customers File Bill through billing agent Stretto.
Celsius Network also revealed that it will allow customers to be compensated in cash or hold crypto assets.
We intend to submit a plan to give our customers the option to stay in cryptocurrencies for the long term.
Customers can now submit claims notices to Stretto.
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