With a history of robust growth behind it, Celo is bound to rebound strongly by expanding to addressable markets. WalletInvestor Celo crypto price prediction shows the token is set to crash further as sellers exhaust the bear markets to $1.51. Traders could be in for a bear trap if this Celo price pulls through for the rest of the year, leaving participants to share in the loss-making for an extended period. However, by April 4, Celo’s price had breached this barrier and crashed 57.97% to where it is trading at the time of this writing. By doing so, Celo crypto had broken another support level at $2.30. There is still hope for the altcoin, especially if the bulls can come back above this barrier.
Is Celo gold backed?
What Are the Celo Assets? Celo offers users two native crypto assets, Celo Dollars (cUSD) and Celo Gold (cGLD). Celo Dollars help facilitate the stable transfer of digital value between users. It is an ERC-20 stablecoin backed by reserves and pegged to the price of the U.S. dollar.
Crispus is a financial analyst with over 9 years in the industry. He covers cryptocurrencies, forex, equities, and commodities for some of the leading brands. He is also a passionate trader who operates his family account. Celo has a global 24-hour trading volume of ₹787,191,287. Celo can be traded across 57 different markets and is most actively traded in DigiFinex.
What is the future of Celo?
Celo is a platform that provides a unique opportunity to make crypto payments using smartphones. The platform is adapted specifically for this type of payment. The idea behind the project is to give people with only mobile internet access to cryptocurrencies. In June 2021, a16z joined Deutsche Telekom to stake Celo tokens. A16z also led a $20 million fundraising round for Valora, a wallet built on Celo. The mobile app for sending payments and remittances over the Celo network has 53,000 monthly users from more than 100 countries.
- The price may quickly regain the levels above $2.5 in the first few days of 2024 and sustain firmly above these levels.
- You can still expect the token to deliver a positive return provided the market conditions remain favorable for the token.
- The 200-day SMA is calculated by taking Celo’s closing prices in the last 200 days, adding them together, and dividing the total by 200.
- It is also a utility token with benefits across governance and network security and is utilized for network payments.
Now let us see if, keeping the current state of the crypto market in mind, the distance can shift. It was at $2.36 billion with a trading volume of $190.85 million. Celo’s first app, the Celo wallet, strives to become the go-to social-payments setup for smartphone users. According to the latest long-term forecast, CELO price will hit $1 by the end of 2029. Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices.
Celsius Price Prediction 2030
By taking the average in mind, instead of the worst and best-case scenarios, we see that CELO can rise up to $45 per token. If we see a general bull market in the next 8 years, the price of CELO will https://tradecrypto.com/news/altcoin-news/solana-killer-aptos-launches-its-highly-anticipated-mainnet/ be going up, naturally. This means we will be seeing at least a 15x growth, although not much can be pinpointed. In this case, it is more accurate to say that the price will see a 10x-20x growth.
The Celo ecosystem is a blockchain-based network seeking to raise the number of smartphone cryptocurrency users. The platform founders identified a wide gap between the number of smartphone users and cryptocurrency users. Celo is facing a hard time getting on board with other crypto coins. Investors may be happy to know that the price action of Celo may continue to follow a similar trend in July 2030, as the maximum price nears $4.80. Retrospectively, the minimum price could fall as low as $4.58 while averaging $4.63 as the month comes to an end. The crypto market is known to be highly volatile, predicing prices is a difficult task and cannot be done with exact precision.
Price changes: High to highOutlook: Bullish
It describes itself as dedicated to financial inclusion by giving access to digital assets to everyone. This list only includes the top market cap coins with a 24H volume of at https://tradecrypto.com/news/crypto-industry-news/lawsuit-microstrategy/ least $50,000. After having sufficient balance, you can then buy your CELO tokens. Click on trade, choose CELO from the search bar items, and enter the amount you like to buy.
- At the time of writing this, Valora has more than 200K users with credit and 53K monthly engaged users in more than 100 nations.
- Market analysts predict that CELO will experience price growth by 2023.
- The long term sentiment, however, remains bullish and CELO could hit $2.53 in 2023.
- The above chart also represents the Relative Volatility Index of Celo .
- This is because many will prefer an easy-to-use platform as an app, instead of a desktop application.
On the road to mass crypto adoption, CELO’s price might reach a maximum of $4.494 by the end of 2025. Based on the industry, an average price of $3.391 is anticipated for 2025, with the lowest possible cost of $2.304. According to Wallet Investor, the average trading price of CELO could hit $6.22 by December 2023.
In addition, CVC is capable of attaining a maximum price level of about $8.78. The future looks good for Civic, based on current trends and social adaptation. Our https://tradecrypto.com/category/news/ for 2024 shows that Celo coins may reach a maximum price level of $2.07 and a minimum price of $1.67, with an average trading price of $1.72. From 2026 till 2030, the story doesn’t seem to be different.
Celo is an open-source platform and blockchain ecosystem with a focus to incentivize cryptocurrency adoption for smartphone users. It has simplified the process of transaction and ownership verification in a unique manner. In the case of Celo, your phone number will be the public key, which https://tradecrypto.com/feedback/ the team hopes to appeal to smartphone users and introduce them to the world of crypto. Additionally, entering a phone number instead of an address to make a crypto transaction is much easier. People’s sentiments or opinions about a cryptocurrency can have a major impact on its price.
CELO price forecast using on
Celo price is forecast to reach a lowest level of $2.20 in 2026. As per our findings, the CELO price could reach a maximum level of $2.65 with the average forecast price of $2.26. The high demand for NFTs has increased the number of transactions and smart contracts executed on the Tezos network.
It is not surprising that the price predictions from 2020 to 2025 are consistently bullish. No wonder Silicon Valley giant, cLabs joined forces with other investors to raise $10 million for Celo in 2020. With a market cap expected to reach $2 billion soon, Celo looks like an asset to hold for the future. Celo network has its own native and governance token, CELO token. Celo is an ERC-20 standard token which controls an essential part of the Celo ecosystem. Celo also enables the exchange of smart contracts and supports the establishment of DeFi and DApps.