Monday, November 28, 2022
 

Celo (CELO) Price Prediction: Will CELO Price Reach $2 in 2022?

  • Bullish CELO price prediction ranges from $0.95 to $1.99.
  • CELO price might also reach $2 this 2022.
  • CELO’s bearish market price prediction for 2022 is $0.77.

Celo is a blockchain project for mobile payments. It was started in 2017, but its native coin, CELO, was launched in 2020.

Celo investors are bullish on the token since it has had a return on investment (ROI) of over 10% in the past two months. The crypto bubble in 1 led to an increase in the price of CELO to its present all-time high (ATH) of $10.66, attained in August 2021. Irrespective of the recent crypto winter, CELO investors are confident that the future of CELO is bullish.

If you are interested in the future of Celo (CELO) and want to know the price analysis and price prediction of CELO for 2022, 2023, 2024, 2025, 2026, and up to 2030, keep reading this CoinEdition article.

What is Celo (CELO)?

Celo is a blockchain project that empowers mobile payment by smartphone users. It was founded in 2017 by Rene Reinsburg and Marek Olszewski. Its native coin, CELO, was launched in 2020.

Celo is a fully Ethereum Virtual Machine (EVM) compatible proof-of-stake (PoS) Zero-knowledge proof layer-1 protocol, featuring a fast, ultralight client designed for mobile, with the ability to have transaction fees paid with tokens or stablecoins. The average gas fees on the Celo blockchain are $0.001.

The essence of Celo’s creation is to ensure everyone’s prosperity in the local economy to power the global economy. Both creators and users of inventions are winners, and wealth is distributed evenly.

Over 161 million transactions have been carried out on the Celo blockchain, and the average block size is 5s. It has 857 days of harmful carbon emissions. Developers can build multi-chain-compact multi-chains on the Celo blockchain since it is compatible with cross-chain transactions among many blockchains.

Celo blockchain enables phone mapping since users can be authenticated by mapping their phone numbers to a public key, ensuring that mobile transactions are carried out quickly.

Celo (CELO) Current Market Status

The maximum supply of CELO is 1 billion CELO, while its circulating supply is 462,324,704 CELO, according to CoinMarketCap. At the time of writing, CELO is trading for $0.8296, representing 24 hours increase of 1.23%. The trading volume of CELO in the past 24 hours is $13.3 million, representing a 6.68% decrease.

Some top cryptocurrency exchanges for trading Celo (CELO) are Binance, Coinbase, Huobi Global, Gate.io, Bittrex, and others.

Now that you know what CELO is and its current market status, we shall discuss the price analysis of Celo (CELO) for 2022.

Celo (CELO) Price Analysis 2022

Currently, CELO is ranked in the 89th position on CoinMarketCap. Will developments and upgrades within the Celo community lead to a rising price of Celo (CELO)? We shall see in this CoinEdition price analysis 2022 article.

Celo (CELO) Price Analysis- Keltner Channel

CELO/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)
CELO/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)

Keltner Channel is a technical analysis indicator used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for Celo (CELO), it could be seen that the present bullish run could continue since the recent candlesticks are within the first half of the chart from the bottom. Also, since the last candlestick is bullish, the present increase in the price of CELO might be sustained before any reversal would be expected.

Celo (CELO) Price Analysis- Relative Strength Index

CELO/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)
CELO/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)

The Relative Strength Index (RSI) is a technical analysis indicator that measures the relative momentum in the magnitude and speed of recent price changes of an asset to deduce if it is an oversold or overbought asset. The RSI value of Celo (CELO) 1day chart of CELO/USDT is 39.81.  This shows that CELO is showing a weak trend between 30 and 50. This value could trigger a further bullish run if more buyers could be attracted to gain from the expected price increase to the 50 RSI value, which is the strong trend region, before any price correction soon.

Celo (CELO) Price Prediction-Moving Averages

CELO/USDT 1Day Chart Showing 200-MA and 100-MA (Source: Tradingview)
CELO/USDT 1Day Chart Showing 200-MA and 100-MA (Source: Tradingview)

The chart above shows the 1Day chart of CELO 200-day and 100-day Moving Average (MA). Presently, CELO is on a bullish trend, as indicated in the recent uptrend. Since the 200-MA is above the 100-MA, we can deduce that the price is bullish for long-term hodlers.

Also, since the gap between the moving averages is wide and above the recently formed candlesticks, the price of Celo (CELO) might experience a significant rise or fall in the future.

Celo (CELO) Price Prediction 2022

CELO/USDT 1Day Chart (Source: Tradingview)
CELO/USDT 1Day Chart (Source: Tradingview)

Looking at the daily chart of CELO/USDT, CELO price was swinging from $1.16 resistance2 to $0.95 resistance1 after touching the support level at $0.77. It reversed from the support level of $0.77 and now going sideways in the market and is expected to be bullish in the coming weeks.

Meanwhile, our long-term CELO price prediction for 2022 is bullish since it cannot break the present support level soon. We can expect CELO to reach $2 in 2022.

Celo (CELO) Price Prediction-Resistance and Support Levels

CELO/USDT 1Day Chart (Source: Tradingview)
CELO/USDT 1Day Chart (Source: Tradingview)

This bullish chart shows that the price of CELO has decreased by 23.8% in the past 30 days. If this price decrease reverses, CELO could break the $0.95 resistance1 level, move higher to $1.99 at the resistance6 level, and even higher, the bullish signal for 2022.

However, if sellers have their way, the price of CELO might be dethroned from its present uptrend position. In simpler terms, CELO might trend below the $0.77 support level and even lower in 2022, a bearish signal.

Celo (CELO) Price Prediction 2023

If the value of the CELO’s relative strength index (RSI) is at least 60, by the end of 2022, the bulls and investors will be in charge. This could spill over into the first half of 2023, which could make the price of Celo (CELO) trade around $4 by the end of 2023.

Celo (CELO) Price Prediction 2024

The positive sentiment with the news of Bitcoin halving could directly impact the price of CELO. Since 2024 is a year of Bitcoin halving, and most cryptocurrencies respond in the same trend as Bitcoin, we could see the cost of CELO trade at $10 by the end of 2024.

Celo (CELO) Price Prediction 2025

By the end of 2025, the price of Celo (CELO) could rise to $25. This is because of the price surge a year after Bitcoin halved. Also, considering that more developments will be introduced into the Celo platform to ensure that its smartphone users are increasing, this price target could be attained.

Celo (CELO) Price Prediction 2026

With the number of CELO hodlers on the increase and the growing sentiment about cryptocurrencies, CELO has the possibility of holding most of its recent gains and consolidating. Hence, the price of CELO could trade around $30 by the end of 2026 due to the bear market that serves as a market correction after a strong bullish run.

Celo (CELO) Price Prediction 2027

By the end of 2026, most investors will be preparing for a possible trend reversal in the direction of the bulls. This is due to the possibility that the market has attained its minimum support level. The price of CELO could surge to $50 by the end of 2027.

Celo (CELO) Price Prediction 2028

In 2028, there will be Bitcoin halving. Hence, the consolidating market in 2027 could be followed by a bullish run. This is due to the impact of news surrounding any year of Bitcoin halving. It is, therefore, possible that the market could attain higher high values. Celo (CELO) could hit $80 by the end of 2028.

Celo (CELO) Price Prediction 2029

By 2029, there could be much stability in the price of most cryptocurrencies that had stayed for over a decade. This is due to implementing lessons learned to ensure their investors retain the project’s confidence. This impact, coupled with the price surge that follows a year after Bitcoin halving, could surge the price of CELO to $140 by the end of 2029.

Celo (CELO) Price Prediction 2030

The cryptocurrency market experienced high stability due to early investors holding activities so as not to lose the future gains in the price of their assets. We could expect the price of Celo (CELO) to trade around $180 by the end of 2030, irrespective of the previously bearish market that followed a market surge in the previous years.

Conclusion

As said above, CELO might reach $2 in 2022 and $180 by 2030 if investors have decided that CELO is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

What is Celo (CELO)?

CELO is the native token of the Celo blockchains, enabling smartphone users to carry out seamless transactions.

How to buy Celo (CELO) Token?

Like other cryptocurrencies, Celo (CELO) can be traded in cryptocurrency exchanges like Binance, Huobi Global, Coinbase, Kucoin, Gate.io, and others.

Will CELO Token surpass its present ATH?

CELO has a low possibility of surpassing its present all-time high (ATH) price of $10.66 in 2022.

When was CELO launched?

It was launched in 2020.

What will be the Celo (CELO) price by 2023?

Celo (CELO) price is expected to reach $4 by 2023.

What will be the Celo (CELO) price by 2024?

Celo (CELO) price is expected to reach $10 by 2024.

What will be the Celo (CELO) price by 2025?

Celo (CELO) price is expected to reach $25 by 2025.

What will be the Celo (CELO) price by 2026?

Celo (CELO) price is expected to reach $30 by 2026.

What will be the Celo (CELO) price by 2027?

Celo (CELO) price is expected to reach $50 by 2027.

What will be the Celo (CELO) price by 2028?

Celo (CELO) price is expected to reach $80 by 2028.

What will be the Celo (CELO) price by 2029?

Celo (CELO) price is expected to reach $140 by 2029.

What will be the Celo (CELO) price by 2030?

Celo (CELO) price is expected to reach $180 by 2030.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. CoinEdition and its affiliates will not be held liable for any direct or indirect damage or loss.

More Crypto Price Predictions:

  • Bullish CELO price prediction ranges from $0.95 to $1.99.
  • CELO price might also reach $2 this 2022.
  • CELO’s bearish market price prediction for 2022 is $0.77.

Celo is a blockchain project for mobile payments. It was started in 2017, but its native coin, CELO, was launched in 2020.

Celo investors are bullish on the token since it has had a return on investment (ROI) of over 10% in the past two months. The crypto bubble in 1 led to an increase in the price of CELO to its present all-time high (ATH) of $10.66, attained in August 2021. Irrespective of the recent crypto winter, CELO investors are confident that the future of CELO is bullish.

If you are interested in the future of Celo (CELO) and want to know the price analysis and price prediction of CELO for 2022, 2023, 2024, 2025, 2026, and up to 2030, keep reading this CoinEdition article.

What is Celo (CELO)?

Celo is a blockchain project that empowers mobile payment by smartphone users. It was founded in 2017 by Rene Reinsburg and Marek Olszewski. Its native coin, CELO, was launched in 2020.

Celo is a fully Ethereum Virtual Machine (EVM) compatible proof-of-stake (PoS) Zero-knowledge proof layer-1 protocol, featuring a fast, ultralight client designed for mobile, with the ability to have transaction fees paid with tokens or stablecoins. The average gas fees on the Celo blockchain are $0.001.

The essence of Celo’s creation is to ensure everyone’s prosperity in the local economy to power the global economy. Both creators and users of inventions are winners, and wealth is distributed evenly.

Over 161 million transactions have been carried out on the Celo blockchain, and the average block size is 5s. It has 857 days of harmful carbon emissions. Developers can build multi-chain-compact multi-chains on the Celo blockchain since it is compatible with cross-chain transactions among many blockchains.

Celo blockchain enables phone mapping since users can be authenticated by mapping their phone numbers to a public key, ensuring that mobile transactions are carried out quickly.

Celo (CELO) Current Market Status

The maximum supply of CELO is 1 billion CELO, while its circulating supply is 462,324,704 CELO, according to CoinMarketCap. At the time of writing, CELO is trading for $0.8296, representing 24 hours increase of 1.23%. The trading volume of CELO in the past 24 hours is $13.3 million, representing a 6.68% decrease.

Some top cryptocurrency exchanges for trading Celo (CELO) are Binance, Coinbase, Huobi Global, Gate.io, Bittrex, and others.

Now that you know what CELO is and its current market status, we shall discuss the price analysis of Celo (CELO) for 2022.

Celo (CELO) Price Analysis 2022

Currently, CELO is ranked in the 89th position on CoinMarketCap. Will developments and upgrades within the Celo community lead to a rising price of Celo (CELO)? We shall see in this CoinEdition price analysis 2022 article.

Celo (CELO) Price Analysis- Keltner Channel

CELO/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)
CELO/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)

Keltner Channel is a technical analysis indicator used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for Celo (CELO), it could be seen that the present bullish run could continue since the recent candlesticks are within the first half of the chart from the bottom. Also, since the last candlestick is bullish, the present increase in the price of CELO might be sustained before any reversal would be expected.

Celo (CELO) Price Analysis- Relative Strength Index

CELO/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)
CELO/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)

The Relative Strength Index (RSI) is a technical analysis indicator that measures the relative momentum in the magnitude and speed of recent price changes of an asset to deduce if it is an oversold or overbought asset. The RSI value of Celo (CELO) 1day chart of CELO/USDT is 39.81.  This shows that CELO is showing a weak trend between 30 and 50. This value could trigger a further bullish run if more buyers could be attracted to gain from the expected price increase to the 50 RSI value, which is the strong trend region, before any price correction soon.

Celo (CELO) Price Prediction-Moving Averages

CELO/USDT 1Day Chart Showing 200-MA and 100-MA (Source: Tradingview)
CELO/USDT 1Day Chart Showing 200-MA and 100-MA (Source: Tradingview)

The chart above shows the 1Day chart of CELO 200-day and 100-day Moving Average (MA). Presently, CELO is on a bullish trend, as indicated in the recent uptrend. Since the 200-MA is above the 100-MA, we can deduce that the price is bullish for long-term hodlers.

Also, since the gap between the moving averages is wide and above the recently formed candlesticks, the price of Celo (CELO) might experience a significant rise or fall in the future.

Celo (CELO) Price Prediction 2022

CELO/USDT 1Day Chart (Source: Tradingview)
CELO/USDT 1Day Chart (Source: Tradingview)

Looking at the daily chart of CELO/USDT, CELO price was swinging from $1.16 resistance2 to $0.95 resistance1 after touching the support level at $0.77. It reversed from the support level of $0.77 and now going sideways in the market and is expected to be bullish in the coming weeks.

Meanwhile, our long-term CELO price prediction for 2022 is bullish since it cannot break the present support level soon. We can expect CELO to reach $2 in 2022.

Celo (CELO) Price Prediction-Resistance and Support Levels

CELO/USDT 1Day Chart (Source: Tradingview)
CELO/USDT 1Day Chart (Source: Tradingview)

This bullish chart shows that the price of CELO has decreased by 23.8% in the past 30 days. If this price decrease reverses, CELO could break the $0.95 resistance1 level, move higher to $1.99 at the resistance6 level, and even higher, the bullish signal for 2022.

However, if sellers have their way, the price of CELO might be dethroned from its present uptrend position. In simpler terms, CELO might trend below the $0.77 support level and even lower in 2022, a bearish signal.

Celo (CELO) Price Prediction 2023

If the value of the CELO’s relative strength index (RSI) is at least 60, by the end of 2022, the bulls and investors will be in charge. This could spill over into the first half of 2023, which could make the price of Celo (CELO) trade around $4 by the end of 2023.

Celo (CELO) Price Prediction 2024

The positive sentiment with the news of Bitcoin halving could directly impact the price of CELO. Since 2024 is a year of Bitcoin halving, and most cryptocurrencies respond in the same trend as Bitcoin, we could see the cost of CELO trade at $10 by the end of 2024.

Celo (CELO) Price Prediction 2025

By the end of 2025, the price of Celo (CELO) could rise to $25. This is because of the price surge a year after Bitcoin halved. Also, considering that more developments will be introduced into the Celo platform to ensure that its smartphone users are increasing, this price target could be attained.

Celo (CELO) Price Prediction 2026

With the number of CELO hodlers on the increase and the growing sentiment about cryptocurrencies, CELO has the possibility of holding most of its recent gains and consolidating. Hence, the price of CELO could trade around $30 by the end of 2026 due to the bear market that serves as a market correction after a strong bullish run.

Celo (CELO) Price Prediction 2027

By the end of 2026, most investors will be preparing for a possible trend reversal in the direction of the bulls. This is due to the possibility that the market has attained its minimum support level. The price of CELO could surge to $50 by the end of 2027.

Celo (CELO) Price Prediction 2028

In 2028, there will be Bitcoin halving. Hence, the consolidating market in 2027 could be followed by a bullish run. This is due to the impact of news surrounding any year of Bitcoin halving. It is, therefore, possible that the market could attain higher high values. Celo (CELO) could hit $80 by the end of 2028.

Celo (CELO) Price Prediction 2029

By 2029, there could be much stability in the price of most cryptocurrencies that had stayed for over a decade. This is due to implementing lessons learned to ensure their investors retain the project’s confidence. This impact, coupled with the price surge that follows a year after Bitcoin halving, could surge the price of CELO to $140 by the end of 2029.

Celo (CELO) Price Prediction 2030

The cryptocurrency market experienced high stability due to early investors holding activities so as not to lose the future gains in the price of their assets. We could expect the price of Celo (CELO) to trade around $180 by the end of 2030, irrespective of the previously bearish market that followed a market surge in the previous years.

Conclusion

As said above, CELO might reach $2 in 2022 and $180 by 2030 if investors have decided that CELO is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

What is Celo (CELO)?

CELO is the native token of the Celo blockchains, enabling smartphone users to carry out seamless transactions.

How to buy Celo (CELO) Token?

Like other cryptocurrencies, Celo (CELO) can be traded in cryptocurrency exchanges like Binance, Huobi Global, Coinbase, Kucoin, Gate.io, and others.

Will CELO Token surpass its present ATH?

CELO has a low possibility of surpassing its present all-time high (ATH) price of $10.66 in 2022.

When was CELO launched?

It was launched in 2020.

What will be the Celo (CELO) price by 2023?

Celo (CELO) price is expected to reach $4 by 2023.

What will be the Celo (CELO) price by 2024?

Celo (CELO) price is expected to reach $10 by 2024.

What will be the Celo (CELO) price by 2025?

Celo (CELO) price is expected to reach $25 by 2025.

What will be the Celo (CELO) price by 2026?

Celo (CELO) price is expected to reach $30 by 2026.

What will be the Celo (CELO) price by 2027?

Celo (CELO) price is expected to reach $50 by 2027.

What will be the Celo (CELO) price by 2028?

Celo (CELO) price is expected to reach $80 by 2028.

What will be the Celo (CELO) price by 2029?

Celo (CELO) price is expected to reach $140 by 2029.

What will be the Celo (CELO) price by 2030?

Celo (CELO) price is expected to reach $180 by 2030.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. CoinEdition and its affiliates will not be held liable for any direct or indirect damage or loss.

More Crypto Price Predictions:

 

Latest news