In this guide, we will voice our own and market’s opinion on CEL future while discussing Celsius price forecast for 2023 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 Celsius Network.
Now, let’s head into it. Before we delve deep into the Celsius price prediction and answer questions if CEL is a good investment or not, why will CEL succeed or fail or why will Celsius price rise or drop, let’s quickly throw a glance at what is CEL and its to date history.
What you'll learn 👉
What Is the Celsius Network?
The Celsius Network is a financial technology (fintech) platform that offers interest-bearing savings accounts, borrowing, and payments with digital and fiat assets. It operates on an economic model that challenges conventional banking models while prioritizing the Celsius community.
What is Celsius Token?
Celsius (CEL) was launched in June 2018 by Alex Mashinsky. It is a cryptocurrency token that provides a one-stop shop for banking and money transfers. It is intended to make wallet-style payments, loans, and award prizes for investing in cryptos. The users get paid out on a monthly basis and earn interest on their investments.
Anyone with a smartphone can use the Celsius Network. Unlike a bank, CEL simplifies the payment and investing processes for users while challenging traditional banking practices. Users receive 80% of the profits as an incentive, while the remaining 20% is used to fund other projects. The Celsius Token does not require a minimum amount to earn interest, and this policy puts traditional banking services to the test. The Celsius Network provides a completely distinct cost structure in the way you operate and maintain your assets, with less constraints and greater rewards.
CEL Price Prediction For The Next 90 Days
The cryptocurrency industry has faced increased regulation in 2023, with the SEC and Department of Justice pursuing legal action against major players. This crackdown signals the end of cryptocurrency unbridled early years, as traditional financial institutions enter the market and call for clearer rules. By 2024, significant regulatory clarity is expected. The approval process for Bitcoin exchange-traded funds (ETFs) has seen multiple rejections from the SEC due to concerns over volatility, fraud, and insufficient investor protections. However, the comprehensive ETF application outlines details like custodial arrangements, liquidity, and tracking accuracy for SEC evaluation. If deemed adequate after public commentary, an ETF could be approved and listed rapidly. Several factors have fueled this crypto rebound. Most notably, Ripple Labs won a key legal victory against the SEC in June, leading to a short-lived price bounce. Renewed institutional interest has also provided a boost, with major firms like BlackRock pushing for Bitcoin ETF approval. Experts predict the SEC will decide on Bitcoin ETF applications between January 5th and 10th, 2024, potentially catalyzing industry growth. Analyst James Seyffart sees the 8th and 9th as the most likely dates for approval orders, while others estimate a 90% chance of success by the 10th. The SEC seems to have positioned applicants favorably by that deadline. Looking ahead, proposed 2024 changes like new accounting rules for crypto assets and less hawkish central bank policies could impact markets. Updated accounting standards may allow more corporate Bitcoin reserves. Meanwhile, forthcoming Treasury Department cryptocurrency tax guidelines, applying by 2025, could transform regulations around decentralized finance, NFTs, and digital wallets. 2023 has been defined by increased crypto regulation, while 2024 expectations hinge on further policy moves. ETF approvals have proven complex but present future investor opportunities if SEC concerns can be addressed. Bitcoin has more than doubled in 2023, with predictions of an impending Wall Street earthquake expected to further boost Bitcoin, Ethereum, and the broader crypto market. By passing $41,000 for the first time since April 2022, Bitcoin has climbed over 150% year-to-date. Ethereum has also grown significantly - an 85% increase since January, 2023. Several factors are driving this volatility, including potential Bitcoin ETF approvals, surging demand for tech products, and failing tech-focused banks. Specifically, speculation around the imminent approval of spot Bitcoin ETFs has fueled Bitcoin latest price surge. The majority of investors, traders, and crypto influencers are hoping that the real crypto bull run will finally commence in 2024.
Below is a tabular overview of how will CEL develop in the short-term (for the next 90 days), according to our prediction model:
Celsius Coin Price Prediction 2023
Looking at the first quarter of 2024, the cryptocurrency market shows promising signs of a potential rebound. Bitcoin’s 150% gain in 2023 and renewed institutional interest indicate positive momentum. Despite regulatory challenges, the market remains resilient, with a total capitalization of $1.6 trillion. Anticipation is high for a positive and prosperous period ahead, with experts closely monitoring market trends and institutional crypto activity, especially potential Bitcoin ETF approvals in early 2024.
CaptainAltcoin’s prediction model takes market sentiment into an account and reacts accordingly. Below is a month-by-month breakdown of 2024:
CEL Price Prediction 2025
Our prediction model sees CEL reaching $0.4196 in 2025.
What will CEL be worth in 5 years?
The price of CEL in 5 years could lie around $0.3972, according to CaptainAltcoin’s prediction model.
Celsius Network Price Prediction 2030 – 2040
What Celsius will be worth in 2030?
Our forecasting model sees Celsius reaching $1.05 in 2030.
What Celsius will be worth in 2040?
Our forecasting model sees Celsius reaching $2.10 in 2040.
Will Celsius replace / surpass / overtake Bitcoin?
No, Celsius will not replace or overtake BTC.
Can Celsius reach $10?
Yes, Celsius could reach $10 by the end of 2025.
Is Celsius worth buying?
We are advocates of moderately risky investing – invest most of your crypto portfolio in BTC (50%); 35% in a basket of big cap coins and the rest in small projects with huge upside. So, in this context, Celsius is worth buying.
Is Celsius a good investment?
Celsius is, just like all other cryptocurrencies, a risky investment. It does have higher probability of going up than down because of the good use case, well-designed tokenomics, active community and a solid team behind it.
How much will Celsius be worth?
For the short-term future, it could reach $0.1766. In the long-term (8-10 years), it could jump to $1.05 or even higher.
Why will Celsius succeed and go up in price?
Celsius has a good use case, well-designed tokenomics, active community and a solid team behind it. All of these are a prerequisite for success and that is why our prediction model sees Celsius rising up to $1.05 in 2030.
Why will Celsius fail and drop in price?
Crypto projects fail for various reasons. Some of the most common ones are: team goes rogue and abandons the project, regulators declare it illegal and press exchanges to delist it, lack of media attention, more successful competitors, lack of well designed marketing strategy, losing community support, potential vulnerability in the protocol, failing to achieve anticipated minimum developement activity on the protocol, failing to attract new developers to build on their platform.
How high will Celsius go?
Our forecasting model sees Celsius price exploding and reaching $2.10 in a distant future.
What is the short-term prediction for Celsius?
Celsius will reach $0.1766 in the next 90 days, which is a 39.4% change over the current price which hovers around $0.2914.
Can Celsius make you a millionaire?
Yes, if you buy large enough sum of it. Do not expect to invest $100 and become a Celsius millionaire. But 100x price explosions are a common sight in crypto, so a $10k investment in Celsius could make you a millionaire.
Celsius Price Prediction Today - What will be the price of Celsius tomorrow?
Celsius will hover around $0.3105 tomorrow.
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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com