Just as the CEL price increased, the market cap followed. According to data from Santiment, the market cap was about $105.89 billion on 14 July. On the same day, it increased to $182.23 million, indicating that the price increase had some support from investors.Similarly, the volume of Celsius has been on the rise lately. In the early hours of 14 July, the CEL volume was 18.08 million.
However, the same volume stood at 66.47 million at press time. The fluctuation in volume signals wavering investors’ sentiments.While this uptrend could have Celsius HODLers in profit, the big problem remains how the organization would pay its users. The company currently has $167 million in cash, and its assets to liability ratio don’t seem enough to deliver.