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
As the first part of 2024 concluded, we can say that this year has started on a high note for the cryptocurrency industry, marked by significant milestones and growing enthusiasm. Following the landmark approvals of Bitcoin ETFs, there has been a noticeable surge in interest from both retail and institutional investors, signaling a robust period of growth and acceptance for digital assets. These developments have not only bolstered investor confidence but have also hinted at a maturing market that is increasingly aligning with traditional financial systems. With the regulatory landscape beginning to stabilize and provide clearer guidelines, the cryptocurrency market is poised for a transformative year, potentially setting new benchmarks for adoption, innovation, and investment. Bitcoin ETF approvals were done in early January, setting a positive tone for the market. Analysts had predicted the SEC would decide on Bitcoin ETF applications potentially catalyzing industry growth. The approvals have been seen as a significant step towards mainstream acceptance and have sparked optimism among investors and traders alike. Now, attention is turning towards post-halving rallies, with the BTC halving now behind us. Bitcoin has almost tripled in price since last summer, with the recent Wall Street earthquake and the upcoming halving expected to further boost Bitcoin, Ethereum, and the broader crypto market. Bitcoin is trading around $65k now, after it hit a new ATH of $73k in March. Ethereum also had its own ETFs approved by SEC. The ETH price is currently around $3,500 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 real crypto bull run will finally commence, bolstered by the recent ETF approvals and anticipation of the upcoming Bitcoin halving event. ETFs, a growing meme coin, AI crypto coins, and RWA mania have helped the bull run to gain momentum. The total market cap (TMC) is now $2.3 trillion.
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:
$2.93CELO price in 2030 & 2040 should be a couple of orders of magnitude higher than our 2025 prediction.
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