Will Celo Make Me Rich?

Last Updated January 24th 2022
7 Min Read

Well, it depends. There are numerous people who have racked riches from investing in cryptocurrencies. But this is not always guaranteed. The price of cryptocurrencies can shift drastically and quickly.

Remember: cryptocurrencies are not a surefire way to be rich, but it is possible.

There is no denying that blockchain has disrupted the world economy and gave birth to a new breed of millionaires and billionaires. 

However, we can’t tell how fast or slow Celo’s transactional infrastructure will become implemented into the world's economy, which means that there is also no telling how much it might be worth.

The best way to make money in cryptocurrencies is different for everyone. Some people choose to day trade, which means that they buy when the currency is cheap and sell it when the currency has reached a certain point of profitability. Others have chosen to invest their money into new projects with an eye towards long-term growth. Others still have bought low and sold high, but only on an as-needed basis.

In this guide, we will look at whether CELO can make you rich in the long term, what the coin will be worth in the next 5 to 10 years, and whether it is a good investment or not.

Can I Make Money Investing In Celo (CELO)?

Yes, you can make money by investing in CELO. However, you wouldn't want to bet your entire bank account on it. CELO is new, and thus far, it has had a relatively unstable price range.

There are several cryptocurrencies on the market that have more secure futures, so make sure to do your research before you buy any. You wouldn't want to risk all of your money on an investment with an unclear future.

For you to make money with CELO, several things have to happen:

  • The price will need to go up
  • There should be more adoption of the technology
  • The community around it should be bigger 
  • There should be more media coverage 
  • The crypto market should be generally bullish 
  • And so on…

Looking at CELO's historical price performance, however, we can say that there is a decent probability that you will be able to make money.

For instance, if you bought $2,000 worth of CELO when it hit its all-time low of $0.7955 on May 22, 2020, you would have around 2,514 CELO. If you sell those at the current price of $4.5, you make more than $11,000, which is about $9k profit in less than two years!

Now, let’s assume that you were very lucky and sold your tokens when CELO hit its all-time high price of $10.66 on August 30, 2021. You would have made a decent profit of more than $23,000 in less than two years. 

But assuming that you haven’t sold your 2,514 CELO yet and plan to sell in future. Will you make any money? 

Well, according to Gov Capital, CELO might go as high as $110 per coin by the end of 2026. If you sell your tokens at that price, you will make a profit of more than $274,000!

As you can see, CELO can definitely make you rich. But it all depends on how the price changes from the time you buy.

Apart from HODLing, you can also invest in this asset through trading and staking. 

buy celo

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

Will Celo (CELO) Eventually Reach $100?

Again, it all depends on several factors. Since this crypto is relatively new to the market, the true price of CELO has not yet shown itself. However, there are several indicators that it will be worth $100 or more in the long term.

First of all, if you look at its entire history on CoinMarketCap, you see that the currency experienced a massive upswing in value in 2021. This shows that it has the potential to grow quickly and achieve high price milestones. 

Additionally, there is proof that this coin can be used for more than just sending and receiving money. Celo has an open-source protocol and a blockchain that allows developers to build decentralized applications (DApps) on it. 

This opens it up to more possibilities in the market, which will tremendously help to boost its prices. 

According to several price analysts, the coin has all the right gears to hit $100 per coin in the next five years. For instance, experts at Gov Capital are confident that CELO can reach $100 as early as March 2026. 

On the other hand, Coin Price Forecast predicts that the coin will be worth $100 per coin somewhere in 2032, while Priceprediction.net believes that this price target can be achieved by 2030. 

What Will Celo (CELO) Be Worth In 5 Years?

With the volatility of the cryptocurrency market, it is hard to say exactly what CELO will be worth in 5 years. However, there are some indicators that it will be worth more than $100 per coin.

Even though this crypto has had a rocky beginning, its price has already grown significantly over time.

Also, the fact that Celo is designed to be mobile-friendly means that its potential market is absolutely enormous. That means that in 5 years, we will be seeing much bigger numbers. 

According to Gov Capital, CELO will be worth more than $115 per coin by 2027. That means that by the end of the year, the coin can go as high as $150 or more. 

Coin Price Forecast is slightly less optimistic and predicts that CELO will be worth around $60.8 by the end of 2027. However, this is decently bullish when compared to Priceprediction.net’s forecast of $37.7 by 2027. 

Digital Coin Price is a bit bearish, and believes that CELO can only go as high as $14.5 in 2027. This is close to Wallet Investor’s prediction of $16.5 by 2027. 

Don't Miss: Celo Price Predictions

What Will Celo (CELO) Be Worth In 10 Years?

It is hard to say, but it will likely be worth more than $100.

As the cryptocurrency industry continues to grow, many new people are joining daily. This means that demand for various cryptocurrencies will increase exponentially over time. 

Since CELO is designed to work on mobile devices and has already had widespread use in its wallet app, it is likely that its value will increase along with the industry leaders.

There are not many predictions that go as far as 10 years, but we still got a few. 

The first one is Coin Price Forecast which predicts that CELO might trade at more than $100 by 2032. Experts at Priceprediction.net are a bit more optimistic and predict that CELO might go as high as $160 per coin by 2031. 

Generally, it is very likely that CELO will be worth more than $100 in 10 years. 

If this happens, people who are already holding the tokens will be able to make a lot of money and become incredibly rich. 

Is CELO A Good Long Term Investment?

As early investors in CELO have seen, it is possible to make money investing in this cryptocurrency. That said, you should always do your research before putting any of your funds into a new crypto asset.

Cryptocurrency prices are extremely volatile, and the industry as a whole remains risky for investment at this point. Many people who have made money with currencies as CELO did so by investing in them early and watching their initial investment grow exponentially.

The idea behind Celo is revolutionary and is bound to become even more popular as cryptocurrencies infiltrate the mainstream financial sector. This means that, in the long term, if Celo records increased adoption and use cases, its value will go up. 

There is a good chance that this cryptocurrency will be worth $100 or more in 5 to 10 years, which makes it a great long-term investment for many people.

Read Also: Should You Buy Celo? 4 Pros, 4 Cons

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

Conclusion: Should I Buy CELO Today?

Do you think there is a good chance that this cryptocurrency will increase in value? If so, it might be a good idea to buy some now.

As for those who are interested in making money with CELO as early investors, this currency has already proven to have significant potential.

However, before you buy, do some extensive research and never invest more than you can afford to lose.

Read More: 

How To Trade Celo With $100

How To Stake Celo

Why Celo Is Going To Explode

Is Celo Safe?

Is Celo Expected To Reach $100 Or More In The Next 5 Years?