CEL overtook LINK as the most-traded token from whales, which one to buy?
CEL has overtaken LINK as the most traded cryptocurrency among the top 100 ETH whales.
The value of each of these tokens has increased in the last 24 hours, CEL by 4% and LINK by 11%.
Learn which option is more suitable for your specific investment goals and expectations.
Celsius (CEL) is a popular financial services platform specifically catered toward cryptocurrency users.
Its main purpose is to allow the users to receive regular payouts and interest on their holdings, and its native cryptocurrency is known as CEL.
Chainlink (LINK), on the other hand, is a blockchain abstraction layer, and its main goal is to enable universally connected smart contracts.
It has a decentralized oracle network that let’s blockchain have data from external data feeds, which means that smart contracts can benefit from off-chain data.
The native cryptocurrency of the Celsius Network, CEL, has flipped Chainlink’s LINk cryptocurrency as the most traded among the top 100 ETH whales.
This occurred at a point in time after Celsius announced that withdrawals, deposits, and inter-account transfers were suspended due to the “extreme market conditions.”
The question in investors’ minds right now is which cryptocurrency is right for them.
Let’s go over each token individually to see what kind of potential they have for growth.
Should you buy Celsius (CEL)?
On June 16, 2022, Celsius (CEL) had a value of $0.4905.
The all-time high for the Celsius (CEL) cryptocurrency was on June 4, 2021, when the token reached a value of $8.05.
When we take a look at how the token performed throughout the previous month, Celsius (CEL) had its highest point of value on May 5 at $2.1777.
Its lowest point was on May 27 at $0.5141. Here we can see a decrease in value of $1.6636 or by 76%.
With this in mind, at $0.4905, CEL is a solid buy as the cryptocurrency can reach $1 by the end of June 2022, assuming it gets back up to speed and resolves the issues by breaking past the $0.5 price barrier.
If the cryptocurrency dips under $0.4, it might be worth considering.
Should you buy Chainlink (LINK)?
On June 16, 2022, Chainlink (LINK) had a value of $6.547.
Going over the all-time high value of the token was on May 10, 2021, when it reached a value of $52.70.
Looking at the performance of the token throughout the previous month, Chainlink (LINK) had its highest point of value on May 5 at $12.22, while its lowest point was on May 12 at $5.79.
The token decreased in value by $6.43 or by 52%. However, based on its historical performance, we can expect Chainlink (LINK) to reach $11 by the end of June, making it a solid token to get.