- Celo: A Quick Overview
- CELO Token: Driving The Web3 Technology
- Celo Price Prediction: Price History
- Celo Price Prediction: Technical Analysis
- Celo Price Prediction By BlockchainReporter
- Celo Price Prediction 2022
- Celo Price Prediction 2023
- Celo Price Prediction 2024
- Celo Price Prediction 2025
- Celo Price Prediction 2026
- Celo Price Prediction 2027
- Celo Price Prediction 2028
- Celo Price Prediction 2029
- Celo Price Prediction 2030
- Celo Price Prediction: By Experts’ Opinions
- Is Celo A Good Investment? When To Buy?
- Final Thoughts
According to our Celo price prediction, Celo can witness a bearish momentum soon before making a bullish reversal.
Celo is an innovative crypto project that aims to facilitate the crypto experience of mobile users through its several use cases. Celo Connect seeks to revolutionize the world with its game-changing tools and technology by contributing a new economic infrastructure that creates conditions of prosperity for all. The crypto winter dragged several crypto coins to plummet, and Celo is no exception. The high volatility of Celo has created confusion among investors in making the correct investment decision. Let’s find out Celo’s future prices, developments, its offerings from our Celo price prediction and decide whether you should add this crypto coin to your portfolio or not.
Celo: A Quick Overview
Celo developers believe that providing a digital currency to users will create an easy way to transfer cryptocurrencies seamlessly from one device to another and can develop a stable financial ecosystem for those corners which do not have access to the crypto network. The Celo network is based on the blockchain, which seeks to expand the crypto sector to smartphone users.
The Celo network was founded and developed in 2017 by GoDaddy executives Rene Reinsberg and Marek Olszewski, along with MIT professor Sep Kamvar. To widen the crypto audience, Celo also provides a payments solution platform that seeks to bring decentralized finance to mobile devices. The platform has introduced its stablecoins cUSD, cEUR, and cREAL, pegged to the US dollar, Euro and Brazilian real, respectively. Let’s check out Celo’s current market details to get a better view of our Celo price prediction.
| Cryptocurrency | Celo |
| Symbol | CELO |
| Current Price | $0.739 |
| 24 Hour Price Change | -2.86% |
| Circulating Supply | 467,917,103.00 CELO |
| Market Cap | $346,694,047 |
| All-time High | $10.66 |
| All-time Low | $0.6726 |
| ROI | -10.37% |
CELO Token: Driving The Web3 Technology
Celo network has its own native and governance token, CELO token. Celo is an ERC-20 standard token which controls an essential part of the Celo ecosystem. Celo also enables the exchange of smart contracts and supports the establishment of DeFi and DApps. Therefore, the project has an optimistic potential to offer a wide range of alternatives to decentralized finance.
The whitepaper states, “The Celo protocol combines an address-based encryption protocol that allows a sender to use a phone number or email address directly as a public key, with a reserve-backed stabilization protocol to minimize volatility through an elastic supply rule. Together, these allow for a more seamless experience using cryptocurrencies as a means of payment.”
The Celo network revolves around light clients, full nodes and validator nodes. Light clients get the leading role in running the software that regulates the platform – the user interface or device-based wallet. Validator nodes help validate transactions, and full nodes coordinate to execute the whole process to keep the network secure and decentralized. Celo has an innovative approach to consensus mechanism as the platform implements ZKSnarks cryptography, which ensures the preceding block gets executed without holding the transaction details of the next block. It works effectively from phone to phone without the need for multiple operations.
CELO token holders get access to vote for network upgrades, future developments, and governance decisions. CELO is also utilized by its network validators, so holders can get an active role in controlling the Celo platform and earn a share of the fees. Celo foundation seeks to rebalance its reserves using natural blacked assets with the help of Uniswap’s decentralized infrastructure. Currently, the foundation is dependent on centralized exchanges (CEX) for rebalancing where it does not support green assets, and thus, according to our Celo price prediction, the role of Uniswap becomes more vital to push CELO token price upward.
Celo Price Prediction: Price History
Before we dig into Celo price prediction, it is essential for investors to know about the Celo token’s price history to get a rough idea about its future potential and prices. However, it is to be noted that price history is not an indicator of our Celo price prediction.
Celo token launched in the crypto market in May 2020 with a trading price of $2.5. However, the price quickly dropped to $1.7 by the end of May. Celo token saw a mini bull run which drove its price to $4 in August, but then it settled back to its previous lows.
In 2021, things started to change as the crypto industry witnessed a boom in crypto prices which led investors to invest in Celo. Celo token saw a spike at $5.57 on 10 February but quickly dropped to $4 in March. Another bullish wave arrived in the crypto market in April, pushing the price of CELO to $6.76. Celo price touched a very favourable price at $6.67 on 18 May, ahead of the historic crypto crash.
The price dropped on the same day to an intraday low of $3.75. On 29 August, the coin again saw a rise from an intraday low of $4.24 to an all-time high of $10.66 on 30 August, a rise of over 150%. The crypto then dropped and closed the following month at $5.64. In November, it again initiated a bullish phase but was unable to reach new highs. It touched $6 by the first week but dropped to $5.16 by the end of the month due to the pandemic. The coin continued its bearish trend further and dropped to $4.85 by 2021’s end.
In 2022, Celo price worsened after the market was negatively impacted by Covid and Russia’s invasion of Ukraine. Celo started plummeting and reached the bottom line at $2.7 in March. The token made a high of $5.2 in April but was unable to hold its price and dropped to $0.075 in June.
Celo Price Prediction: Technical Analysis
According to CoinMarketCap, Celo token is currently trading at $0.739 with a market cap of $346 million. Looking at the daily chart, our Celo price prediction reveals more dips in the upcoming months. Celo tried to break an immediate resistance level at $0.9 on 10 September but faced a rejection. Celo token has been trading in a sideways range since then, below $0.85.
Our Celo coin technical analysis reveals that the EMA-20 and EMA-50 have been seeking a downward trend near the consolidated area. The Bollinger band’s upper limit is at $0.943, which is an immediate resistance level in Celo coin’s price chart. If Celo holds its price above this level, we can see an upward move to $1.1. Conversely, the Bollinger band’s lower limit is at $0.065, a strong support level. If this price level breaks, Celo can plunge hard and trade below $0.41. The RSI-14 is trading below the 50-level, indicating a selling pressure which can push Celo to the downside. The MACD line shows that Celo will trade in this consolidated zone for a couple of days before falling to the downside.
EMA-200 is forming a strong resistance level at $1.4, showing that Celo may have a slight bearish momentum before making any bullish reversal. However, SMA-14 is not showing any sign of a bullish reversal till the end of this year. According to our Celo price prediction, we can see a fresh upward move in 2023 as the crypto market is in a recovery phase.
Celo Price Prediction By BlockchainReporter
Celo Price Prediction 2022
According to our Celo price prediction, Celo is predicted to reach a minimum price of $0.82 by 2022. With an average trading price of $0.85, the CELO price will likely rise to its maximum level of $0.9 by the end of 2022.
Celo Price Prediction 2023
In 2023, Celo looks promising with a positive trend. It can attain a maximum price of $1.41 with an average trading price of $1.23. Celo can touch a minimum price level of $1.19.
Celo Price Prediction 2024
Our Celo price prediction for 2024 shows that Celo coins may reach a maximum price level of $2.07 and a minimum price of $1.67, with an average trading price of $1.72.
Celo Price Prediction 2025
Celo aims to bring more integrations to the platform, and Celo token’s price is projected to attain a maximum value of $2.88 and a minimum value of $2.47, with an average trading price of $2.54.
Celo Price Prediction 2026
The value of the Celo network will increase as the network builders and community investors are putting enough effort. 2026 looks bullish for Celo coin as it can hit a maximum price of $4.22 and a minimum price of $3.56, with an average trading price of $3.66.
Celo Price Prediction 2027
Celo looks to acquire partnerships, and its maximum price can be $6.09, and the minimum price can be $4.87, with an average price of $5.02.
Celo Price Prediction 2028
Celo may skyrocket and is forecasted to reach a maximum price of $8.53 and a minimum price of $7.23, with an average trading price of $7.43.
Celo Price Prediction 2029
The craze and hype of the crypto market are growing exponentially, and according to our in-depth Celo price prediction, Celo coin aims to touch a maximum level of $12.87 and a minimum level of $10.53, with an average trading price of $10.9.
Celo Price Prediction 2030
In 2030, Celo coin is projected to reach a maximum price of $18.34 and a minimum price of $15.25, with an average price of $15.69.
However, the bull run may fluctuate based on the crypto market’s project in 2030. According to our Celo price prediction, Celo looks promising as it has a futuristic vision which can bring fruitful profits to its long-time investors.
Celo Price Prediction: By Experts’ Opinions
According to Celo price prediction by DigitalCoinPrice, the crypto will reach a maximum value of $3.90 by the end of 2022 before making a bullish reversal to an average of $4.03 in 2023. The bullish trend may continue up to $4.259 in 2024, and by 2025 Celo price can touch $5.32, but the bears could make a comeback in 2026, and the crypto can drop to an average of $5.29.
LongForecast’s Celo price prediction suggests that the coin will close the year with a price of $3.26. Traders can expect some volatility, but a normal uptrend is predicted. The coin is predicted to trade at $4.58 in May 2025, with a potential to reach $11.74 in May 2026.
Is Celo A Good Investment? When To Buy?
According to our Celo price prediction, Celo is an excellent option to grow your crypto investment portfolio by buying in the dip, as it has a lot of potential to grow exponentially in the future. However, a long-term investment looks more profitable than a short-term investment. A price range of $0.6 may be a profitable buying opportunity to make an astronomical return in the long run.
Final Thoughts
Celo token has a bright future ahead, and it can soon bring a ray of optimistic hope due to its bullish tendencies in the future. It can get a significant return on investment to crypto investors as the developing team behind the project is well-experienced and active in looking for more integrations to push the platform’s value.
However, it is to be noted that cryptocurrency price is highly unpredictable as the crypto market is a bubble and can change its mood anytime. Therefore, our Celo price prediction is not guaranteed if the crypto market comes over any negative news and causes turmoil. It is advised to investors to do their own research and conduct experts’ opinions and investment advice before investing in the volatile crypto market, which can erase all your funds.
