On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
Celsius is expected to grow its assets under management by 25% annually through 2025, according to Alpha Sigma Capital.
Using 2020 financials obtained from Celsius, Alpha Sigma Capital has determined that the crypto company has an implied value of $3.13 billion, which is approximately three times greater than its current market capitalization of $1.1 billion.
It appears that “Celsius is currently undervalued," Alpha Sigma Capital said in its analysis, referring to the $126.14 million in revenue the company generated last year. Based on current year-to-date growth, Celsius appears to have significant upside ahead.
Alpha Sigma Capital explained:
“Our projections are conservative for 2021 and we see AUM growth tapering off with another $3 billion in AUM growth by year end. From there, we project that the company will be able to grow AUM 25% year-over-year through 2025.”
By the end of 2025, Celsius’ AUM is expected to reach nearly $30 billion. One potential growth driver for Celsius in the long term is adding exchange capability, which would significantly enhance the platform's usability. CEO Alex Mashinsky has also hinted at the possibility of incorporating self-insurance options that would allow users to insure their deposited funds.
2020 was a watershed year for Celsius. Since January 2020, the lending platform has registered a nearly 300% increase in users. By February 2021, Celsius had paid out $250 million in crypto rewards to depositors, up from $80 million in November 2020.
Although decentralized finance, or DeFi, has hogged the crypto spotlight since the summer of 2020, Celsius’ native token, CEL, has been one of the market’s best performers. Unlike DeFi, Celsius offers a centralized platform for users to deposit their cryptocurrencies to receive interest payments. Celsius currently offers over 40 interest-bearing assets, with yields as high as 18.5%.
Crypto lending platform Celsius Network is worth three times its current market capitalization, underscoring the project's massive growth potential over the next five years, according to new research from Alpha Sigma Capital.
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