Key Takeaways:
- After reaching the lowest levels since its inception, the CELO price could get a wider push to propel higher.
- In the upcoming years, the Celo price is believed to test the upper resistance and eventually formed new highs.
What is Celo Network(CELO)?
Celo platform mainly targets mobile phone users and intends to increase crypto adoption among them. The main aim of the blockchain is to introduce the unbanked people, the transactions using cryptos. The network enables the user to create smart contracts & decentralized applications (dApps).
The platform mainly relies on 3 different contributors to help run on its platform. Light clients, Validator Nodes, and Full Nodes carrying their respective specifications. Meanwhile, the Celo network does require the holder to possess CELO tokens then only be they may be called Validators.
Read more: Celo Network Explained
Celo Network Price Analysis for September 2022
| Current Price | $0.582 |
| Market Cap | $278.43 billion |
| Circulating Supply | 478.83 million |
| Max Supply | 1 billion |
| Vol (24H) | $18.28 million |
| Change(24h) | -0.6% |
| Change (7D) | 10.8% |
| Change (30D) | -21.4% |
Read more: Top Smart Contracts Platforms
Will Celo Network Price Reach $0.75 by December 2022?
The Celo Network had raised notably high just before the end of November trade. Meanwhile, the descending trend that ignited since then is carries out until the current time, forming consecutive lower highs and lows. With a bearish start of December trade, the price is believe to maintain a similar trend untilt the first half of the month.
However, as trade approaches the end of the yearly trade, volatility is expected to rise slightly, causing price variations in either direction. In such case, the shorts are expected to be liquidated to some extent, elevating the price beyond the bearish captivity. By the end of the yearly trade, the CELO price is expected to trade around $0.7 to $0.8.
Celo Network Price Prediction 2023
Will Celo Network Price Reach $2 by December 2023?
The CELO price after undergoing a decent close for 2022, is expected to remain consolidated within narrow range for some time in 2023. Further, the token may quickly reclaim the position at $1 by mid of Q1 2023. Undoubtedly, the bearish interference may be expected here, but the bulls may also maintain their strength. Further during the Q2 trade, the CELO price could reap beyond the pivotal range at $1.532 and face a minor rejection.
As the trade is no more expected to be in a bear market then, the bulls could hold the price above $1.428. During the Q3 2023, the price could rise back again beyond $1.58 and secure levels beyond $2.2 by the end. Furthermore, as the trade approaches the year-end, the price may intensify its movements, attracting strong hands who may uplift the price beyond $2.5. But may soon face a rejection, maintaining a consolidated trend between $2.35 to $2.44 by the end of 2023.
Celo Network Price Prediction 2024
Will Celo Network Price Reach $3.5 by December 2024?
The price may quickly regain the levels above $2.5 in the first few days of 2024 and sustain firmly above these levels. Moreover, after the price maintained a consolidated trend through out 2023, the year 2024 is expected to flash positive signs. In such case, the Q2 could witness a couple of giant moves after the price maintain a decent trade in Q1 2024.
The CELO price is expected to secure levels above $3.2 in H1 2024 and maintain significant strength thereafter. The following trend in Q3 & Q4 is expected to be trading within an ascending trend as the bullish are expected to dominate the rally. With this, a notable upswing beyond $3.8 is quite possible. In case of an extended bull run, the price may even reach $4.2 to $4.5 by the end of 2024.
Celo Network Price Prediction 2025
Will Celo Network Price Reach $1 by December 2025?
Celo Network price is expected to remain bullish in the longer time frame and hence reach the levels beyond $5.3 in the first few days of 2025. After securing levels at $6, the price may further head towards pivotal resistance at $6.492. Here, it may face a minor rejection and drop back to hit $5.86. This may ignite an extended consolidation below $6 for sometime, until the eend of H1 2025.
With the beginning of the second half of 2025, the CELO price may attempt to increase the volatility and leap long to reach $8. Moreover, an extended bullish trend may pave way for the asset to reach a double-digit figure and mark new highs. Hence, the Celo price may trade around $9.5 to $10.89 by the end of 2025.
Celo Network (CELO) Price Comparison Table (2017-2022)
| Year | End of Year Price | % Change |
| 2017 | NA | NA |
| 2018 | NA | NA |
| 2019 | NA | NA |
| 2020 | $1.533 | -14.52% |
| 2021 | $4.78 | 214.81% |
| 2022 | $0.58* | -88.16%* |
*at the press time
CELO Price Technical Analysis
Source: Tradingview
- The CELO price has been within a descending trend ever since the token dropped during the mid-August.
- The price continued to consolidated within a bearish channel and recently dropped to the lower support of the channel and ignited a rebound.
- Meanwhile, the rebound failed to surpass the upper resistance of the channel and faced a minor rejection, heading towards the average levels.
- The CELO price is expected to test the average bands of the channel, rebound and try to rise high to test the upper resistance of the channel.
CELO Price Comparison with XDC Network (XDC)
Source: Tradingview
- Celo Network and XDC Network are among the top contenders to enter the top 100 cryptos as per the market capitalization
- While XDC price maintained a consistent drop, CELO price underwent huge price variation and tanking down heavily
- The XDC/USDT price maintained a steep descending trend from the average levels and dropped heavily to trade at -27.53% at the moment
- Besides, CELO/USDT price underwent a step drop amid the FTX collapse and reached the bottoms at -42.66% from +6.57% and presently trading at -19.79% after rebounding to the average levels
Read more: XDC Price Prediction
CELO Price Comparison with BTC (Correlation)
Source: Tradingview
- Celo network price maintained a parallel trend with both the BTC & USDT pair but the Bitcoin pair maintained a significant strength than USDT.
- CEL/BTC maintained significant strength and halted the descending trend much earlier and rebounded firmly to maintain positive levels.
- The CEL/USDT price dropped to the lows at -42% from the average levels and trading at -19.79% after being rejected at 0 levels
- Alongside, CEL/BTC price halted the bearish trend at -28.03% and rebounded firmly to reach +23.98% and presently trading at -1.72%.
Additional Read: Bitcoin Price Prediction
FACTORS AFFECTING CELO Price
- Celo Network recently partnered with Ethereum-based software firm Consensys, allowing Celo developers to build infrastructure using Consensys.
- In a recent update, Curve. Finance, one of the largest DEXs and AMM has successfully deployed on Celo Network.
WHERE & HOW TO BUY Celo Network (CELO)
Want to buy Celo Network token?
You have landed in the right place. CoinDCX is the leading platform for crypto trades in India. To buy any token, you need to register and to do so, follow the below-mentioned steps,
- Download the CoinDCX App on your smartphone
- Enter the details to register
- Complete KYC
- After your data is verified, fund your wallet and buy CELO.
FAQs
What is Celo Network?
Celo Network is a decentralized global payment infrastructure that focuses on mobile users.
Is CELO a good investment in 2022?
CELO's price has been plunging severely since the beginning of 2022 and may continue to do so until the end of 2022. However, the upcoming years are believed to be quite fruitful.
Will CELO's price reach $1 in 2022?
Celo's price witnessed a fresh price slash which hindered the progress of the rally. Only an extremely bullish trend may lay down a significant upswing towards $1.
What will be the Celo Network price by 2023?
The CELO price may remain within a consolidated range between $2.35 to $2.44 by the end of 2023.
What will be the Celo Network price by 2024?
A notable upswing beyond $3.8 is quite possible. In the case of an extended bull run, the price may even reach $4.2 to $4.5 by the end of 2024.
What will be the Celo Network price by 2025?
The Celo price may trade around $9.5 to $10.89 by the end of 2025.
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