As the bearish season of 2022 continues many assets are losing their prices without any signs of recovery. Despite the popularity of the network’s service, the CEL coin price chart has been declining since last year. In the last few days, the token has gone up, giving some hope to investors. Read our Celsius token price prediction to see if there is any chance for the asset to rise again.
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Celsius Price Prediction: Is CEL a Good Buy?
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Table of Contents
Celsius Fundamental Analysis
Project name
Celsius
Stock Symbol
CEL
Current Price
0.6064
Current Supply
692753441.4971
Official Website
Celsius is an all-in-one banking and financial services blockchain platform. The users of the platform get rewarded for depositing the cryptocurrency and can use other financial services, including loans and wallet-style payments.
The project was initially created in 2017 by Alex Mashinsky and Daniel Leon. By 2022 the number of users exceeds 2 million and the total amount of processed loans surpassed $8 billion. Currently, the project functions with the efforts of the core team of over 200 professionals, which includes technical developers and advisors with impressive experience in many financial and crypto-related fields.
The vision of the project is very ambitious as it aims to offer financial services that banks fail to provide, such as fast transactions with low or zero fees and high and fair yields. In this way, Celsius wants to destroy the existing industry and create a new one that will be based on crypto and provide each user with wider financial freedom. Interestingly the Celsius company has more than $200 million invested in Bitcoin mining and is one of the largest miners in Northern America.
Celsius plans to outperform the banks by offering much higher rates on returns from savings and deposits, easier and lower loan requirements, and reduced interest, penalties, and financial services fees. Moreover, there are algorithmically computed rewards for each user. Celsius also lends funds to some institutional organizations, such as hedge funds.
The network uses a modified Proof-of-Stake consensus algorithm.
CEL is the native ERC-20 token of the Celsius network. It is used for some user-related operations on the network and is also tradable outside of the platform on external exchanges. During the Initial Coin Offering in 2018, the asset raised $50 million. The CEL token has a total supply of 695 658 161 tokens, with 76% the circulating and 24% locked according to the plan.
In June 2022 Celsius paused all the operations between the accounts, including withdrawals, swaps, and transfers due to “the conditions of the market”, even though the users kept receiving the rewards for their deposits. As of June 22, the service still didn’t lift the suspension.
Celsius Live Price Chart
Since the summer of 2021, the CEL token price chart was declining. After the big gains of the bull season in spring-summer 2021 when the asset reached the price of $8.01, it started to lose the price.
The first price correction happened on June 23, 2021, when the CEL token dropped to $4.9. After the series of price corrections and recoveries, it established a new support level of $4.8. Till the beginning of July, the native asset of the Celsius network was trading at around $6-$6.3, but after the first week of the month went into a downtrend and by September 28 its price dipped back to $4.9. It was followed by a short price correction, which lasted from the beginning till the middle of October. At that time the price of CEL was stable at a level of $5.6.
As the bull trends started to wear off from the crypto market at the beginning of November, the price of the CEL token started to collapse even faster. It reached $3.9 by the middle of December and made a short attempt to grow on the last day of 2021. As the market stayed bearish, the price of CEL also kept on a downward trajectory.
At the end of January 2022, the Celsius crypto dropped to $2 but quickly recovered and was bouncing between $2.8-$3.1 till the beginning of April. The crypto market at that time was shaken by the massive sell-off again and the price of the CEL coin went down to $2.2. It stayed stable for 3 weeks and then sank lower to $0.8 at the beginning of May.
The CEL crypto price chart continued declining till the middle of June. Recently the native coin of the Celsius network has been trying to recover and even climbed to $1.2 on June 20.
Celsius Technical Analysis
Despite the fact that 100% accurate technical analysis for Celsius cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated CEL buy-and-sell rating for selected timeframe. The summary for CEL/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.
Celsius Price Prediction
Below we have collected the most reliable price projections for Celsius (CEL) from popular forecast platforms.
Celsius Price Prediction for 2023
As for Celsius price predictions for 2023, there are divergent opinions. PricePrediction.net expects a downturn towards $0.412352, and TradingBeast echoes with ~$0 by the year’s end. Other experts, for example, from WalletInvestor, are more enthusiastic about Celsius’s future price, citing upwards of $0.988432 in December.
Potential ROI:
-23%
Sell
Celsius Price Prediction for 2024
In their Celsius price predictions for 2024, PricePrediction.net forecasts the coin’s price to go down to $0.24256 by December. Forecasting Celsius future, TradingBeast expects further decrease of its price, too, saying the Celsius price will reach ~$0 by that time. On the contrary, WalletInvestor keeps predicting Celsius price growth, quoting prices around ~$0.715552 in 2024.
Potential ROI:
-47%
Sell
Celsius Price Prediction for 2025
Celsius price predictions for 2025 are still predominantly negative, with some analysts promising prices in the $0–$0.479056 range (TradingBeast, WalletInvestor), while PricePrediction.net takes a different view and cites the possibility of the price reaching $1.164288 in December 2025.
Potential ROI:
-10%
Sell
Celsius Price Prediction for 2026
Both PricePrediction.net and TradingBeast doubt that the Celsius market will grow in 2026, predicting the price drop to $0.491184 and $0 by the end of the year respectively. Other Celsius price forecasts support the idea: WalletInvestor forecasts Celsius to fall down to $0.145536 by December 2026.
Potential ROI:
-65%
Sell
Celsius Price Prediction for 2030
Speaking of long-term Celsius price predictions for 2030, experts present two polar opinions. WalletInvestor expresses the view that Celsius price won’t grow further and, opposedly, will decline to $0.327456. TradingBeast’s price prediction for Celsius echoes with the projection of a downtrend to $0. Despite this, PricePrediction.net’s vision remains positive, promising growth up to $1.158224.
Potential ROI:
-18%
Sell
Summary
As it can be clear from the analysis cited above, Celsius (CEL) projections are rather contradictory. There is no universal consensus either about positive or negative future CEL price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Celsius projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer:
This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
