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Why This $600 Million Cryptocurrency Could Be Worth $0

Celsius Network is bankrupt, so why does its token have any value?

By Travis Hoium – Aug 30, 2022 at 9:09AM EST

The Celsius (CEL +0.25%) token is still worth more than the day Celsius Network went bankrupt. Why is it gaining value and will the trend last? This video digs into the value in the underlying asset. 

*Stock prices used were end of day prices of Aug. 24, 2022. The video was published on Aug. 28, 2022.

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About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through fool.com/riiv, I'll earn some extra money that supports my channel. My opinions remain my own and are unaffected by The Motley Fool.

Stocks Mentioned

Celsius Network Stock Quote
Celsius Network
CRYPTO: CEL
$0.02
(+0.25%)+$0.00

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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