In this guide, we will voice our own and market’s opinion on CELO future while discussing Celo price forecast for 2024 and beyond.
Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like Celo.
Now, let’s head into it. Before we delve deep into the Celo price prediction and answer questions if CELO is a good investment or not, why will CELO succeed or fail or why will Celo price rise or drop, let’s quickly throw a glance at what is CELO and its to date history.
What you'll learn 👉
What is CELO?
Celo is a platform acting as a global payment infrastructure for cryptocurrencies that aims to target mobile users.
The crypto protocol dubs itself a mobile-first decentralized finance (DeFi) platform for fast, stable, and secure payments transmission. Through mobile phones, anyone can spend and earn without any limiting requirements. The protocol has been described by an early founder as the ‘WhatsApp of money.’
The Celo blockchain also enables the creation of decentralized applications (dapps) through its proof-of-stake (PoS), EVM-compatible, open-source blockchain. Development teams can easily and quickly build and deploy smart contracts on the Celo blockchain.
Like several PoS protocols, the network’s CELO token is used for network fees and governance-related activities.
CELO is the native asset of the Celo blockchain ecosystem, whose main goal is to introduce the convenience of decentralized finance, or DeFi, to underbanked smartphone users around the world. A utility token that utilizes a proof-of-stake consensus mechanism, CELO is designed to facilitate transactions and governance processes on the platform.
CELO Price Prediction For The Next 90 Days
Following the landmark approvals of Bitcoin ETFs in early 2024, there has been a surge in interest from both retail and institutional investors. This could be a game-change for crypto. With the regulatory landscape beginning to stabilize and provide clearer guidelines, the cryptocurrency market is poised for a transformative finish of the year. At least this is what crypto traders hope for. Bitcoin ETF approvals were done in early January, setting a positive tone for the market. Now, attention is turning towards post-halving rallies, with the BTC halving and ETH ETFs now well behind us. Ripple was also fined to pay $125 million to SEC based on the most recent ruling decision. This is considered as another victory for XRP. Bitcoin has almost tripled in price since last summer, with the upcoming US elections expected to further boost Bitcoin, Ethereum, and the broader crypto market. Bitcoin is trading around $95-100k now after hitting an all time high of around $107k in mid-December. Ethereum also had its own ETFs approved by SEC. The ETH price is currently around $3,300 and still has not broken its ATH from the 2021 bull run. Investors are hopeful this will happen soon. The majority of investors, traders, and crypto influencers are hopeful that the peak of the bull run will happen in mid-2025, bolstered by the recent ETF approvals, historical post-halving rallies and typical 4-year cycles. Some of the hottest sectors last year were memes, RWA and AI projects.
Below is a tabular overview of how will CELO develop in the short-term (for the next 90 days), according to our prediction model:
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Celo Price Prediction 2024
Our prediction model sees a temporary switch to a bear market at the beginning of 2023 before we move onto another leg up in Q3 & Q4 of 2023.
CELO Price Prediction 2025 – 2030 – 2040
Our prediction model sees CELO reaching new highs in 2025:
$3.06CELO price in 2030 & 2040 should be a couple of orders of magnitude higher than our 2025 prediction.
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