Celo Price Prediction

Last Updated September 28th 2022
12 Min Read

Celo Overview

Celo (CELO) is a relatively new crypto that has only been around since 2020, but in less than two years, it’s already piqued investor interest. So, what is Celo expected to reach? Before we can answer that question, we need to take an overview of why CELO is a top investment option for 2022.

CELO Overview

Cryptocurrency Celo
Ticker Symbol CELO
Rank 94
Price $0.7635989898120185
Price Change 24h -5.15%
Price Change 7d 1.90%
Market cap $353,030,676.94
Circulating Supply 462,324,704
Trading Volume $13,249,222.97

Because Celo is so young, it can be hard to calculate its potential value. Nevertheless, if you’re asking yourself ‘how much can Celo be worth?’ Here’s a quick glance.

Are Celo’s prospects really so good? The Celo price prediction formula says yes. Read on to find out how Celo could reach these extraordinary highs.

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CELO — Stablecoins For Your Smartphone

CELO is the token of the Celo mobile platform which aims to make crypto payments easy for anyone with a mobile device. Using phone numbers as public keys, you can send crypto to anyone.

There is a total supply of 1,000,000,000 CELO. Celo has a maximum of 18 decimal places, meaning the smallest denomination of CELO is 0.000000000000000001.

Some of Celo’s rivals include:

  • Terra (LUNA)
  • Facebook Diem (formerly known as Libra)
  • Ethereum (ETH)
  • Ripple XRP (XRP)
  • Stellar Lumens (XLM)

What’s The Point Of Celo?

Celo also has two stablecoins that operate on its blockchain — the Celo Dollar (CUSD) and the Celo Euro (CEUR), which are pegged to the US dollar and the Euro. DeFi (decentralised finance) projects and dApps are also able to build on top of the Celo platform using its smart contract capabilities.

Some of Celo’s benefits include:

  • Phone numbers are used as public keys, making it easier to make transactions.
  • Multiple apps are built on top of blockchain already.
  • Proof-of-stake consensus mechanism with capped supply limit.
  • Specifically targeting smartphone users.
  • Investments and partnerships with big names.

Who Is Behind Celo?

Celo has one of the most diverse and experienced teams behind its development with many having previously worked at companies such as Google, Twitter, the Bank of America, and various US universities.

Rene Reinsberg is the co-founder and president of Celo. Today, much of the development of Celo goes through The Celo Foundation.

What Is Celo Used For?

The Celo network is primarily used to facilitate transactions for its stablecoins without the need for physical cash or a bank account. This is massively appealing to those in the developing world who may have a smartphone but no access to banking.

The CELO token is used internally to pay for transaction fees and other services on their platform, as well as partake in the governance process. Celo can also be used to make transactions between users and staked to earn new coins using their own blockchain which uses a proof-of-stake mechanism.

This means Celo cannot be mined, but holders can earn new tokens by staking their holdings instead. Validators can also be voted for by token holders.

Read Also: How To Make (Or Lose) Money With Celo?

Who Uses Celo?

As Celo is still quite young, it’s hard to know exactly how many people are using its range of services. It is known though that its Valora app has over 200,000 users that have a balance in the app and approximately 53,000 active users per month.

Celo has also created a non-profit organisation called The Celo Foundation which has launched a partnership with 50 other organisations and companies called the ‘Alliance For Prosperity’. The alliance aims to make it easier for developers to build decentralised apps on the Celo blockchain. Some of these members include current and former members of the Facebook Libra alliance. Tech investment firm Andreessen Horowitz has also invested in Celo.

Technical Analysis Of Celo’s (CELO) Price Movements

Celo was first available to investors from the 10th to 11th of May 2020 via an ICO (initial coin offering), at 1 CELO to 1 USD.

When CoinMarketCap first started tracking the price of CELO, it sold for $2.4962 on the 23rd of May 2020, more than doubling from its ICO price in a little more than 10 days. Interestingly, CoinMarketCap also states that CELO has an all-time low of $0.7955, which it hit on the 22nd of May 2020 — a day before it began tracking the price.

In 2021, Celo started the year at $1.4602, reached an all-time high of $10.66 on the 30th of August, and then ended the year at $4.8499. Celo’s current 52-week low is $1.66.

Celo Price Chart

Celo price chart

CELO/USD price chart. Source: Coinmarketcap

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Expert’s Take On Celo Price Predictions

Of all the expert Celo price predictions, only Trading Beasts expects the price of CELO to fall in the next few years.

Coinskid: “Our Forecast System predicts that Celo could possibly increase in value in the short term by +17% to $3.44 from $2.95. The system forecasts a +29% move from $2.95 to $3.82 over the next month, Celo has a price prediction of $8.98 in over a [years’] time”.

Price Prediction: “The price of 1 Celo is expected to reach [a] minimum level of $11.57 in 2025. The CELO price can reach a maximum level of $13.53 with the average price of $11.97 throughout 2025”.

DigitalCoinPrice: “As per the forecast data analysis, the price of CELO is expected to cross the level of $4.24. By the end of the year, Celo is expected to reach a minimum fee of $3.89. In addition, the CELO price is capable of getting a maximum level of $4.75. Investors and holders of crypto assets must know the price of Celo in 2023”.

Coin Price Forecast (2024-2028): “These five years would bring a significant increase: CELO price would move from $16.43 to $49.00, which is up 198%. CELO will start 2024 at $16.43, then soar to $21.95 within the first six months of the year and finish 2024 at $23.67. That means +704% from today”.

WalletInvestor: “If you buy Celo for 100 dollars today, you will get a total of 34.061 CELO. Based on our forecasts, a long-term increase is expected, the price prognosis for 2027-03-06 is 11.139 US Dollars. With a 5-year investment, the revenue is expected to be around +279.39%. Your current $100 investment may be up to $379.39 in 2027”.

ICOcreed: “The price of Celo is expected to reach [a] minimum value of $63.44 in 2030 . The Celo price could reach a maximum value of $76.55 with the average trading price of $65.23 throughout 2030”.

Trading Beasts: “according to our forecasts, the Celo price is going to decrease. Now the Celo price is $2.94000, but by the end of 2023, the average Celo price is expected to be $2.68033”.

Gov Capital: “Future price of the asset is predicted at $14.739513413818 (403.227% ) after a year according to our prediction system.
This means that if you invested $100 now, your current investment may be worth $503.227 on 2023 March 08, Wednesday”.

CoinQuora: “If CELO holds the support level around 200-MA, the long-term moving average, buyers will then have ample time and stability to forge the next attack mission on the vital level at $20, making it not plummet but play consistently”.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Celo (CELO) Price Predictions

To further understand Celo price predictions for the rest of the decade, you need to have a good grasp of the following factors that can affect its price.

The first thing to know about it’s the Celo apps that run on its blockchain and provide most of its services. Celo has three primary applications for crypto payments:

  • Valora: for iOS and Android users, it uses mobile numbers as addresses.
  • Celo Wallet: a crypto wallet for desktop users.
  • Celo Terminal: for building dApps.

If Celo’s applications are successful in drawing in new users to their platforms, it could increase interest in the CELO token and drive-up demand. Multiple applications targeted at different users could prove to be effective.

Elsewhere, Celo has been very busy incentivising developers to build DeFi services on its platforms. Celo has even built a bridge (called the ‘Optics Bridge’) to Ethereum and Polygon (MATIC) to enable users to transfer assets between the different chains, as reported by CryptoBriefing.

Celo has so far been remarkably successful in drawing in DeFi applications. The total locked value on Celo increased considerably in 2021, even surpassing $1 billion in October 2021, according to DeFi Llama. If Celo can continue to attract new DeFi projects, it will likely have a positive impact on the value of the CELO token.

 Here are our in-depth Celo price predictions for 2022 to 2030.

Celo (CELO) Price Prediction 2022

The 7 analysts offering 12-months price forecasts for CELO have a median target of $7.30, with a high estimate of $8.41 and a low estimate of $2.92. The 2022 average estimate represents an 86% increase from the current price. 

2022 will be a year of stability after the manic 2021 crypto boom with Celo price seeing less volatility. As per the Celo price forecast, the coin is predicted to surpass $6 midway through 2022.

Celo (CELO) Price Prediction 2023

As per our Celo price forecast, the coin price is predicted to cross $ by the beginning of 2023. The expected high for the year 2023 is $54.85, and the low will be $13.89. The average Celo price prediction for the end of 2023 is $26.50.

Celo (CELO) Price Prediction 2024

Expect another bull run in 2024 as Bitcoin (BTC) goes through another halvening, taking Celo to higher highs. CELO will start the year 2024 with an average price of $48.20 and can trade at a high of $140.17, according to our Celo price prediction data. The lowest price prediction for Celo in 2024 is $39.78 and it will close the year at $120.77.

Celo (CELO) Price Prediction 2025

2025 will see Celo thrive as less tech-savvy crypto enthusiasts prefer its smartphone approach to cryptocurrency, particularly among people without access to a bank. The 2025 Celo price prediction indicates that CELO will have an average target of $204.63, a max of $321.67, a min target of $160.56 and an end of year price of $294.41. The average price equates to a 1,819.606% increase from Celo’s current all-time high.

Celo (CELO) Price Prediction 2026

By 2026 we expect investors to begin to divest from proof-of-work cryptocurrencies and focus their efforts on cleaner proof-of-stake cryptos, including Celo. Celo price prediction analysis has determined that the average price of Celo will be $313.80 by early 2026. The predicted price can climb to a maximum of $534.70 by the end of the year or a minimum of $276.75.

Celo (CELO) Price Prediction 2027

In 2027, Celo’s ever-growing network of stablecoins will begin to outpace its rivals, becoming the largest network. In five years, the price of Celo will attain an average of $840.18, a high of $1,020.09 and a low of $510.33, as calculated by our Celo price prediction. At the end of 2027, Celo will be worth $967.77.

Celo (CELO) Price Prediction 2028

The 2028 Bitcoin halvening will result in yet another crypto market bull run which will see Celo reach further highs. According to forecasts, by 2028, Celo will exceed $1,500. Our CELO price prediction indicates that it will reach a high of $1,888.13, a low of $1,279.10, and secure an average price of $1,601.48 by the end of the year.

Celo (CELO) Price Prediction 2029

After several years of excellent performance, institutional investors will begin to invest heavily in Celo in 2029. As per our Celo price prediction, the price of Celo will cross $1,700 at the beginning of 2029. The forecasted high for the year 2029 is $2,673.92, and the low will be $1,620.21. The average CELO price prediction for the end of 2029 is $2,215.74.

Celo (CELO) Price Prediction 2030

Favourable regulation in 2030 will see more traditional investors begin to invest in Celo for the first time, again taking Celo to new highs. For 2030, we can expect the price of CELO to be $2,354.60 at the beginning of the year and $2,766 at the end of the year, according to our Celo price prediction. If all goes well, Celo will reach a top price of $3,010.55, a minimum of $2,081.34 and accomplish an average of $2,525.04 for the year. The top price prediction would mean an increase of 8,6671.1%.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Conclusion: What Could Celo Be Worth?

The Celo price prediction model indicates that CELO will increase from 2022 to 2030, however, there are still some key issues investors should know.

Unsurprisingly, regulation could be a real issue with Celo in the near future. This is the case with any cryptocurrency as we simply do not know at this point where regulation could lead us — it could easily boost the market to new highs as more traditional traders begin to adopt it or it could result in widespread bans or difficult to navigate rules.

Celo, though, is a special case when it comes to regulation which could hit it harder than most. This is for two reasons.

Firstly, by essentially creating bank accounts for users to hold their tokens, this could anger many central banks, because it bypasses the traditional system. Secondly, and perhaps most importantly, Celo’s stablecoins could also be a major concern to central banks who may want either direct control over them or for them to be removed.

Will Celo (CELO) Go Up In 2022?

Yes, the price of Celo is expected to go up in 2022. Our CELO price prediction has surmised that $8.41 is possible at the very highest, however, this does mean that CELO will not exceed its all-time high of $10.66 from August 2021. Celo is not expected to decline in 2022.

Will Celo (CELO) Go Up In 2025?

We predict that the price of Celo will go up in 2025 and that it could reach a new all-time high of $321.6. Even the minimum predicted price of $160.56 is a remarkable increase.

Will Celo (CELO) Hit $10?

Celo will see its price hit past $10 again by 2023 where it is expected to reach highs of $54.85. In the future, Celo will appreciate far above $10 according to our Celo price prediction.

Will Celo (CELO) Reach $100?

Yes, Celo will reach $100. Celo will first surpass the $100 barrier by 2024 where its price will increase exponentially as a result of the next Bitcoin halvening, as calculated by our Celo price prediction.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

FAQs

Does Celo Run On Ethereum?

Celo does not run on Ethereum but the two have some similarities, the most important being they both use the Ethereum Virtual Machine, which means smart contracts that work on Ethereum can also work on Celo and vice versa.    

How To Mine Celo Crypto?

Celo is a proof-of-stake cryptocurrency which means that it cannot be mined and does not use miners. Instead, CELO holders can stake their coins to earn newly created CELO and help secure the network.    

Are Celo And Celo Gold The Same?

Celo Gold (CGLD) is the old name of Celo, the governance token of the Celo network and is used to provide much of its services. In some exchanges, you will still see the old name Celo Gold and the old ticker symbol CGLD.    

Is Celo A Good Investment?

Yes, Celo is certainly a good investment. Since its launch, it has led the way for crypto adoption among smartphone users and accomplished an ROI of 250.38%.    

Will Celo Rise?

Celo is widely expected to rise until 2030 according to our Celo price prediction. After surpassing the $100 and $1,000 milestones, CELO is calculated to hit $3,000 by 2030.    

When Will Celo Take Off?

The price of CELO will take off in 2023 where it will smash its $10.66 all-time high and see a five-fold increase to $54.85 at the highest, as per our Celo price prediction.    

What Price Could Celo Reach?

Based on our forecasts, a long-term increase is on its way with Celo expected to reach a max of $1,020.09 by 2027. With a five-year investment, the profit is expected to be around 34,954.64%.    

What Is Celo’s Price Prediction For The Next Bull Run?

Historical data strongly suggests that the next bull run will take place in 2024 following BTC’s next halvening. This bull run will take Celo to an all-time high of $140.17, according to our Celo price prediction.    

How High Will Celo Go?

$3,160.00 by December 2030 is the highest Celo price prediction we have seen and comes from Cryptocurrency Price Prediction.    

Celo Price Prediction 2040

Continuing our Celo price prediction model, by 2040 the price of CELO could eclipse $8,000 per coin. 

Read More:

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Why Celo Is So Cheap?

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