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Celo Price Prediction

An up-to-date Celo price prediction for 2022, 2023, 2024, 2025, 2030. Wondering what is the future of CELO price? Find out Celo price forecast with historical, fundamental and technical analysis.
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Celo Fundamental Analysis

Project name
Celo
Stock Symbol
CELO
Current Price
0.777
Current Supply
1000000000
Official Website

CELO is a utility and governance token powering Celo network – a DeFi project dedicated to improving user experience while transferring crypto, especially on the mobile phone. Celo runs on its own independent blockchain, which went live in April 2020.

Celo supports a growing family of stablecoins like cUSD and cEUR, pegged to the values of USD and EUR respectively via an oracle. Celo wallet works by allowing a user to utilize their phone number as a public key substitute for their account, and as a result, to transfer funds essentially by “texting” them to a recipient number. This scheme is suitable not only for people who aren’t up to speed on the intricacies of crypto usage (which is, let’s be honest, most people) but also for those who for some reason can’t use more conventional means of transferring money on the go on their mobile, be it a banking app or a third-party app like Venmo. It’s also, obviously, a great solution for the people who don’t have a bank account at all (the number of whom may be as much as 1,7 billion worldwide).

CELO token is used for voting for various governance purposes, for staking, since Celo Network uses Proof-of-Stake protocol, and for transaction fees. Note that as a user- and mobile-friendly project, Celo features automatic fee calculation and accepts payments in any supported stablecoin.

Celo Live Price Chart

CELO token entered the market in May 2020 to see surprisingly little volatility, falling from ~$2.5 to ~$1.5 at first, but then consolidating around ~$1.8 for the next couple of months. In late summer or 2020, as general interest in DeFi grew, the CELO price rose almost to $4.5. This was followed by a downturn, but it wasn’t very steep: until January 2021, CELO was mostly trading at a previous level of ~$1.7-$1.8. Keeping with the general trend, CELO began the new 2021 year with a bull run, reaching an all-time high of $7.24 on April 21. The price went down hard in mid-May, around the time of a hard fork, which probably added enough uncertainty to make investors nervous, and reached a record low of ~$0.8 on May 22. After that, though, the project not only kept working well, but had some exciting announcements, for example, a confirmation of support from Andreessen Horowitz or a new partnership with Opera. This helped CELO’s price rally to ~$4.7 level in late June. However, in July CELO might be going into another downturn, but there’s no certainty about its immediate future yet.

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Celo Technical Analysis

Despite the fact that 100% accurate technical analysis for Celo cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated CELO buy-and-sell rating for selected timeframe. The summary for CELO/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.

Celo Price Prediction

Below we have collected the most reliable price projections for Celo (CELO) from popular forecast platforms.

Celo Price Prediction for 2022

As of the end of 2022, Celo price predictions remain predominantly positive, with some analytics promising the price at about $0.88578, while PricePrediction.net even cites the possibility of the price reaching $1.46853 by the end of the year.
Potential ROI: 48% Buy

Celo Price Prediction for 2023

In their Celo price predictions for 2023, WalletInvestor forecasts the coin’s price to go down to $0.41181 by December. Forecasting Celo future, PricePrediction.net expects further decrease of its price, too, saying the Celo price will reach ~$0.20979 by that time. On the contrary, TradingBeast keeps predicting Celo price growth, quoting prices around ~$1.043544 in 2023.
Potential ROI: -29% Sell

Celo Price Prediction for 2024

The experts are unanimous in their Celo price forecasts for 2024 — everybody expects Celo’s price to grow by the end of that year. WalletInvestor predicts the price growth reaching $0.94017. According to PricePrediction.net’s research, Celo’s price can go up to $1.08003. TradingBeast’s forecast is also positive: its analysts hold the view that by 2024 Celo’s price will be about $1.056805.
Potential ROI: 32% Buy

Celo Price Prediction for 2025

TradingBeast has only optimism in store for the 2025 Celo price prediction, valuing Celo at $1.233157 by the end of 2025. PricePrediction.net agrees with a positive forecast and predicts, in turn, $1.3986 for the same period. On the other hand, WalletInvestor’s team is more pessimistic — their Celo price prediction for December of this year is just $0.50505.
Potential ROI: 35% Buy

Celo Price Prediction for 2030

Speaking of long-term Celo price predictions for 2030, experts present two polar opinions. WalletInvestor expresses the view that Celo price won’t grow further and, opposedly, will decline to $0.39627. PricePrediction.net’s price prediction for Celo echoes with the projection of a downtrend to $0.3885. Despite this, TradingBeast’s vision remains positive, promising growth up to $0.900205.
Potential ROI: -28% Sell
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Summary

As it can be clear from the analysis cited above, Celo (CELO) projections are rather contradictory. There is no universal consensus either about positive or negative future CELO price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Celo 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.

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