CELO is one of the most promising crypto projects that we’ve seen grace the markets so far, especially in the rapidly expanding DeFi space. The consensus CELO price prediction 2030 is a long-term upswing to as high as $76, although this is the most bullish expert analysis found on the web.
The CELO coin has been causing quite a bit of positive commotion in the cryptocurrency market, particularly because it is very unique. Users’ wallet addresses in the CELO blockchain are tied to their mobile numbers—allowing the platform to facilitate more than 30 million transactions since its inception.
In line with this, the CELO coin has spiked more than +70% since its all-time low of $1.588. At some point since its launch, it even reached a high of $10.957, which is more than 6 times the coin’s ATL.
Let’s see what the experts think of CELO token’s potential given its exceptional historical performance.
CELO Price Prediction 2030 | How much will CELO be in 2022-2025?
Cryptoria thinks CELO can break the $6.30 resistance level—which can be clearly seen in the coin’s monthly chart—before bouncing back up to a new all-time high closer to $11.00. Should CELO indeed breakout, Cryptoria’s CELO price prediction for 2025 is a strong but choppy rally to $10.95 – $11.00. That will be equivalent to more than 4 times CELO’s current price.
VietMaxim expects CELO coin to continue its uptrend in 2022 and reach his target price of $7.25 to $7.50. He’s even more bullish than Cryptoria, since he thinks CELO could hit more than $10.95 as early as the first quarter of 2022. He expects explosive growth by the end of 2022 and claims that CELO could even hit $50 by then.
Altcoin Radar projects 600 million in total circulating supply within more than five years and assumes potentially $20 billion market capitalisation within five or more years. This would imply a CELO price prediction of $30 to $32 for 2027 to 2030. Note that this price analysis is only Altcoin Radar’s opinion and ballpark estimates.
Sound interesting? Let’s talk more about what makes CELO tick and what factors can affect the price prognosis of its native coin.
CELO Price Prediction 2030 | What are the latest news?
CELO predictions are also heavily reliant on the latest news and updates about the Celo blockchain itself. Here are some of the latest updates that could affect CELO’s future price.
CELO launches cREAL
The CELO platform launched cREAL, a stablecoin pegged to Brazil’s local currency. cREAL will be available on Brazil-based crypto exchanges such as Ripio, FlowBTC, and NovaDAZ.
This is a plus to CELO’s current network and will definitely help boost CELO’s price in the longer scheme of things. CELO already has cUSD (Celo to USD) and cEUR stablecoins which are pegged to the greenback and the EUR, respectively.
cREAL will effectively work as a decentralised, crypto-collateralised algorithmic stablecoin that can be used for CeFi and DeFi apps on the Celo network.
This is akin to a virtual currency, but cREAL holds more growth opportunities. Brazilians have been turning to cryptocurrencies amid record inflation and a devaluation of their actual local currency.
New incentive program buoys CELO’s price
The price of CELO token spiked upon news of the Celo blockchain announcing plans for big-budget incentive programs. Celo, for its part, said it would roll out a $100 million “DeFi for the People” fund, which will allow the layer 1 blockchain to work with several DeFi protocols in an effort to attract more users. The blockchain will be working in collaboration with Aave, Curve, Sushi, PoolTogether, 0x, and UMA.
CELO Foundation holds meet-up in Uganda
The Celo Foundation had a meet-up event in Makerere, Kampala, Uganda last January 22 with the goal of growing the Celo network in the country. The meet-up initiative emphasised education about CELO, blockchain, cryptocurrencies, and the relevant use cases associated with these technologies.
Deutsche Telecom, a16z hike stake in CELO
T-Systems MMS, the digital innovation arm of Deutsche Telekom said it is staking its own significant investment in CELO tokens, plus a further delegated trove of tokens belonging to a16z. It had already previously invested significantly in CELO coins both in 2019 and 2021.
Technicals | CELO Price Prediction 2030
The market consensus is an uptrend that varies with different degrees of bullishness. WalletInvestor said its CELO forecast is a rally to $13.12 in early 2027. Meanwhile, the traders over at Price Prediction are more bullish. Their CELO price prediction for 2030 is at $76, a whopping +2,700% gain from its current price as of writing.
Who is buying CELO coin?
A lot of famous personalities all over the world have announced that they regularly buy and sell crypto coins. GOP Rep. Mark Green of Tennessee, for example, disclosed 16 crypto trades in 2021, including buys and sells of CELO.
CELO Price Prediction 2030 | Fundamentals – What makes the Celo blockchain tick?
CELO essentially wants to bring DeFi one step closer to smartphones. In its website, Celo said its mission is to “build a financial system that creates the conditions for prosperity—for everyone.”
The Celo network’s goal is to decentralise payments since it runs via proof-of-stake. With the associated app, its users can conveniently carry out crypto transactions with their cell phones. Celo specifically targets non-digital-natives who have low-end smartphones and bad internet connections—those of whom are located primarily in developing countries.
How does it work?
Using their unique wallet addresses tied to their mobile phone numbers, Celo users allows anyone with a phone to send, receive, and transact with the crypto seamlessly. This includes peer-to-peer transactions such as buying digital art, swapping for altcoins, lending out crypto, and more.
It’s definitely an interesting coin to look out for. The transaction settlement time of just five seconds and little to no energy consumption are just to die for.
CELO Price Prediction 2030 | FAQs
1.What is CELO coin’s current price?
In February 2022, CELO coin traded between a low of $2.05 and a maximum price of $3.752. The past week, it has been trading between these two points at around $2.65 to $2.75. Its average price is also below its 52-day and 100-day moving averages.
2. Where can I buy CELO?
The five best exchanges that you can use to buy CELO coins are:
eToro seems like the best platform for on-the-go trading so far. It has an easy-to-use mobile app that allows mobile users to easily check your investments through your mobile device wherever you may be. Its mobile browsers also function very smoothly.
Disclaimer on our CELO Price Prediction 2030
These CELO predictions should not be considered investment advice. Everything written here should be taken in conjunction with your own research and price analysis. Note, as well, that cryptocurrency prices are very volatile. Therefore the figures written here could very well be different by the time you are reading this article.