This CELO price prediction shows that the opinion of respected crypto experts and technical-based analysis combined predict that the long-term forecast of the native token of the Celo Network has the potential to reach anywhere up to $64 between now and the year 2025. To avoid missing out on potential upcoming price surges in the cryptocurrency market, check out our easy-to-follow article on how to buy CELO tokens.
“The government wants to fool its people by doubling the minimum wage but at the same time printing more than enough money into circulation.”– Olawale Daniel
Table of Contents
News about the Celo Network
- Celo Defies Crypto Market Dip as Token Soars
- The ‘Make Crypto Mobile’ Celo October 2021 Hackathon Includes a $25,000 Prize Pool for African Creators
In the early days of cryptocurrency, obtaining and trading it could be a painstaking and often difficult process. These days, thanks to various dedicated crypto projects, it has never been easier. One of the main projects facilitating a user-friendly crypto experience is CELO.
Celo is a blockchain that utilizes a user’s phone number as a wallet’s public key to make it easy to send money to your phone’s contacts. It can also host smart contracts and decentralized applications and let users access the world of decentralized finance (DeFi). As a result, it has seen phenomenal price gains in recent years.
But are you wondering if it’s too late to start investing in CELO? You’re not alone, many people are curious about whether investing now is a good idea. I was one of those people until I began to use a range of factors to research the future price of CELO such as:
- Price history
- The latest legislation
- Prediction strategies
- Expert analysis
- New investors
By analyzing all of these factors, I was able to find out that there’s never a bad time to invest in CELO. For example, statistics from the leading trading platform of eToro tell us that sales have skyrocketed in the past few months, demonstrating that demand for this coin is very high.
But what does the future hold for investors who get on board now? Will it rise even further? Our CELO price prediction aims to answer all. But first, let’s start with just what it actually is and how it works.
What is CELO and how does it work?
Around the world, there is a range of countries that suffer unreliable or even nonexistent financial infrastructure. Whether they’re a part of the global banking system or not, Celo offers a blockchain alternative that can host smart contracts and decentralized applications and introduce people to the incredible possibilities of decentralized finance (DeFi) and trustless transactions.
The Celo project is managed by a team of highly reputable developers and only has a market cap of $700 million.
The main mission of Celo is to bring a user-friendly crypto experience that can be used on a smartphone. Whilst some would compare it to straightforward payment apps like Venmo, the latter is a centralized organization that holds a lot of power over a user’s account and can implement transaction limitations.
From quick setup to simple payments, Celo is trying to appeal to the same market that apps like Venmo are, but it has the major bonus of bringing all of the advantages of cryptocurrency with it. The way Celo works is by utilizing your mobile number as your crypto wallet’s public key to make it easy to send money to your phone’s contacts.
Like most crypto projects, Celo comes with its own native token called CELO. This is used for governing protocol votes and paying gas fees on the network. Interestingly, it implemented carbon offsetting to make its proof-of-stake network the first carbon-neutral blockchain.
Pros and cons of CELO
Like any cryptocurrency project, Celo has its fair share of incredible pros and limiting cons. We always aim for transparency in our articles. So in this section, we’re going to cover some of the most important pros and cons of Celo.
|✔️ The Celo Network is designed to deliver fast and easier processing||❌ It faces various issues with scalability.|
|✔️ Deposits and withdrawals are quick and hassle-free|
|✔️ Environmentally friendly through its carbon-neutral blockchain technology.|
Do you still have questions about Celo? Rest assured, before we get into the price prediction, next we’ll cover some frequently asked questions about Celo to give you a better understanding of the original digital asset and its price potential.
Who uses Celo?
The Celo network is used by people seeking a simple and straightforward way to use crypto on the move that comes with a user-friendly experience. The native token of CELO is used to pay network gas fees.
How does CELO gain value?
Like most cryptocurrencies, the value of CELO is largely driven by speculation in its current state. As more people discover the wide range of its uses, its value grows. Due to its innovative nature and continuous growth of significant partnerships, support for CELO is only expected to grow as cryptocurrencies become a more widely accepted alternative to fiat currencies. When it does, the value will likely grow in sync.
Can CELO reach $100 per token?
Based on its recent price surges and innovative nature of being a platform with a growing userbase looking to make passive income and investments, it’s possible that CELO could reach $100 per token in the long term.
Where do people buy, sell, and trade CELO?
You can buy, sell, and trade CELO from a number of crypto trading platforms. If you are a new investor, then we suggest using eToro. It’s safe, regulated, and beginner-friendly. The eToro interface is very simple to use, and it has an array of trading tools to allow you to trade safely.
CELO Price History
Up until the start of 2021, the price of CELO largely hovered around $1.70 aside from a brief price surge in late August that saw it jump to around $4. But this wasn’t sustainable and the price soon dropped again.
2021 saw the CELO price undergo major price swings due to a large number of new users it managed to obtain. With the increasing amount of activity on the network, the price is expected to grow higher in the future. But let’s see what the experts have to say.
Expert analysis of the CELO price potential
One of the best tools we can use to try and determine the potential future price of CELO is to analyze the opinions of various crypto experts. Let’s delve into four estimated growth outlooks for various industry experts and analysts.
Overall, PricePrediction.net is bullish on the CELO price prediction. Based on it continuing to build partnerships with influential organizations and persisting with being a unique model that retains a solid support base, they believe it has the potential to reach around $7 per token by the end of the year, $16 by the end of 2023 and a price of $34 by the year 2025.
WalletInvestor uses an algorithm-based forecast in an attempt to predict the future price of cryptocurrencies. When it comes to CELO, they are also bullish. Over the long term, WalletInvestor predicts that the price could reach somewhere around $8 by the end of 2021 and around $18 by the end of 2025.
DigitalCoinPrice is fairly bullish on its CELO outlook and expects the price to gradually increase over the long term. DigitalCoinPrice predicts it to reach $9.61 by the end of 2021, $14.16 by the end of 2023, and finally, a figure of over $20 by 2025.
Another rather bullish expert analysis on CELO is LongForecast. They predict the price of CELO in 2021 to potentially reach up to $17.55 by the end of the year. By the end of 2023, they expect it to reach $48.83 and finally a price of $64.91 by the year 2025.
So from over $10 in the short term and up to $64 in the long term, the overall expert analysis on the future price of CELO is overwhelmingly bullish with some potentially lucrative returns in store for investors. But what does the technical analysis tell us about the price potential of this innovative digital asset?
Technical analysis of the CELO price potential
Now we move on to technical analysis to try and predict the future price of CELO. This section will utilize powerful tools like the Japanese candlestick, chart patterns, and trading indicators. As well as giving traders the upper hand in day trading, they can enable us to discover long-term price predictions based on pure technicals when we assess longer time frames.
CELO Price Prediction 2021 – 2022
Since the beginning of 2021, the price of CELO skyrocketed by 1638% from $0.38 to its current price of $6.55. It’s predicted that the CELO price will rise an additional 168% in the second half of 2021 and it’s then expected to close the year at $17.55. A year-to-year change of +4560%.
CELO Price Prediction 2022 – 2023
After starting the year at $17.55, it’s predicted that the price of CELO will rise to $32.01 per coin in the first half of 2022, it’s then expected to gain $97 and finish the year at a slightly lower price of $30.44, which is a +365 gain on the current price.
CELO Price Prediction 2023 – 2024
After starting 2023 at $30.44, CELO is expected to rise to a figure of $36.55 midway through the year before going on the rise again and ending the year at $48.83 at an overall annual increase of 646% from the current price.
CELO Price Prediction 2024 – 2025
After starting 2024 at $48.83, CELO is expected to rise to $52.66 halfway through the year. The second half of 2024 is expected to see the price of CELO end the year at an even higher price than the first half of 2024 at $64.91. That’s an overall annual increase of 892% on the current price.
In summary, the Celo Network is making major leaps in bringing cryptocurrency and decentralized finance to mainstream users by making it easy to trade and get involved from any smartphone. The increasing number of new users and recent price history tell us that CELO may indeed have a promising future ahead. Both the expert and technical analysis agree on this too.
But whilst many people can see the significant potential in CELO, there is a significant number of people who are wondering where to invest in this innovative investment for the long term. The answer lies in a reputable and well-established trading exchange with access to vital trading tools like eToro.
Where to buy CELO?
CELO is available to buy and trade on eToro alongside 18 other cryptocurrencies. This is a well-established, highly regulated, and secure platform that has the potential to revolutionize your crypto trading.
What’s more, is that eToro allows you to access their incredible array of trading tools such as the Stop Loss, Take Profit, and built-in charting software that all let you maximize your potential profits whilst ensuring safe trading practices that protect your hard-earned funds. Also, eToro offers Leverage Trading on crypto. This allows you to multiply small amounts to become large powerful positions that drive massive profits.
Overall, the financial situation, risk tolerance, and investment strategy of each person vary. CELO is inherently volatile and the price can rise or drop at a moment’s notice, this brings advantages as it does risks. Both of which are important to understand and weigh against your own investment goals and needs. Only invest money you can afford to lose and balance out the risky nature of crypto investment by building a diversified portfolio.
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Disclaimer – This content is for informational purposes only and is not investment advice. The trading of CELO and other alternative cryptocurrencies has potential rewards, and it also has potential risks involved. Trading may not be suitable for all people. Anyone wishing to invest should seek his or her own independent financial or professional advice.