$ADA $MATIC and $SOL will have a tough summer as Celsius plans on liquidating its altcoin assets
, a notable player in the cryptocurrency lending and borrowing sector, has recently publicized its decision to liquidate its customers' altcoin holdings. The divestment will commence on July 1, sparing only Custody and Withhold accounts. This development is particularly significant given that Cardano , Polygon and Solana constitute the largest portion of the platform's altcoinCardano has been hailed as a transformative force within the blockchain realm.
The potential ramifications of Celsius' divestment are substantial. Large-scale liquidations can exert significant downward pressure on the prices of the targeted altcoins. This development could, in turn, trigger a cascade effect, compelling altcoin holders across various platforms to sell their assets in anticipation of further depreciation.Conversely, for investors with a bullish long-term outlook on these altcoins, the sell-off might present a compelling buying opportunity.
The forthcoming divestment by Celsius is poised to have immediate and consequential impacts on the altcoin market. Whether these impacts will translate into further price devaluation or an attractive buying opportunity remains uncertain.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Cardano Advocate Makes Bullish Case for ADA: DetailsDan Gambardello has made another impressive analysis detailing potential of Cardano (ADA) to soar
Consulte Mais informação »
Cardano Developer Maestro Secures EMURGO FundingEMURGO Ventures has invested in Maestro, a platform designed to boost the development of decentralized applications (dApps) using Cardano's blockchain technology
Consulte Mais informação »
Crypto Lender Celsius Updates Bankruptcy Plan After Fahrenheit DealBankrupt crypto lender CelsiusNetwork has filed the fine print on its sale deal to the Fahrenheit consortium – and not everyone's happy. jackschickler reports.
Consulte Mais informação »
Celsius seeks to convert alts to Bitcoin and Ether under reorganization planDefunct crypto lender Celsius revised its bankruptcy filing on June 15 in order to incorporate its deal with the Fahrenheit consortium.
Consulte Mais informação »
Celsius opens door to swap altcoins for bitcoin and etherCelsius debtors said they may convert all altcoins — except in Withhold and Custody accounts – to bitcoin and ether.
Consulte Mais informação »
Cardano Critic Mark Cuban Predicts 99% of Tokens Doomed to BankruptcyMark Cuban claims 99% of crypto projects will go broke, but there's a catch bitcoin ethereum cardano xrp btc eth ada $btc $eth $ada $xrp
Consulte Mais informação »