Altcoin traders should know that there is an important event waiting for Altcoins. The bankrupt Celsius company has decided to convert all its Altcoin assets to Bitcoin and Ethereum on July 10.
Celsius Network was active in the field of lending, and now this company has decided to convert its altcoin assets to Bitcoin and Ethereum. This company has assets equivalent to 215 million dollars of altcoins, which by selling them can cause a falling shock to altcoins.
Celsius Company has announced on July 10th that it wants to sell its altcoin assets and convert them to Bitcoin and Ethereum, this has caused the concern of other altcoin market participants. The sale of altcoins by this company and the psychological pressure that the United States puts on the cryptocurrency industry can lead to new events in this technology.
Which altcoins are in the Celsius investment portfolio?
These cryptocurrencies are in the investment portfolio of this company, so the occurrence of this event can affect the price of these altcoins.
- Cellservice Network (CEL)
- Cardano (ADA)
- China Link (LINK)
- Litecoin (LTC)
- Polkadat (DOT)
- Bitcoin Cash (BCH)
- Binance Coin (BNB)
- Uni Swap (UNI)
- Stellar (XLM)
- Solana (SOL)
- FTT Token (FTT)
- Serum (SRM)
Altcoin traders should be aware that the sale of this company’s altcoins can strengthen the rise of Bitcoin and, on the other hand, lead altcoins to a fall and distrust for investment. Follow the short and detailed news of digital currencies in crypto chat on Telegram👇