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The Celsius’s bankruptcy was a major event in crypto circa 2022. Since then, the Celsius Network token has been winding down but refuses to go to zero. And now, it is suddenly back among the top-gaining altcoins. What happened? Is it a sign of revival or the last gasp? Check the update to our Celsius Network price prediction.
Celsius Network Price Forecast 2024–2034
- There is a large disconnect between the moderate and bullish Celsius Network forecasts. For reference, the latter does not see CEL repeating its 2021 price record, and the former expects it to exceed the ATH no later than 2027.
- The moderate Celsius Network price prediction is based on the assumption that the crypto market will organically grow. It should start trading above $1 again in 2028.
- On the other hand, a bullish Celsius Network price prediction seems to assume CEL is no longer a utility token but a purely speculative crypto asset. Since those are known to blow up unexpectedly, the future price targets for CEL land as high as $48.
What are Celsius Network and CEL?
Celsius was a cryptocurrency financial service platform with a particular focus on banking and lending. Users of the app collected rewards for cryptocurrency deposits, took loans with collateral, and sent their funds.
The Celsius Network platform worked with the help of the CEL utility token on the Ethereum blockchain. Users could opt-in to receive rewards on deposits in CEL for an increased APY (annual percentage yield) or pay back the debt in CEL with a discount.
In 2022, however, after the Terra stablecoin crash, Celsius amassed debt and started to fail to meet clients’ liabilities. Despite their efforts, the situation deteriorated, and Celsius had to file for bankruptcy. As a utility token, CEL lost its primary use case, but it continues to exist as a decentralized cryptocurrency.
You can read more about Celsius Network and CEL in ChangeHero’s Beginner’s Guide (2021). We also made news articles to digest the Celsius Network meltdown as it happened. If you want a complete picture of this cryptocurrency project before diving deeper into Celsius Network price prediction, we highly encourage you to read these two articles first.
CEL Price History
CEL Price in 2018-2021
The Celsius ICO was held in March 2018 and raised $50 million. During the presale, tokens went for $0.3 each but the first trades on the actual markets had CEL trading for only $0.06.
That lasted until early 2019, when the core product, Celsius Wallet, was released. The holders of ICO CEL tokens were still not in profit that year.
Only in 2020, when CEL started at $0.15, its price managed to grow to $7. This parabolic growth was in sync with the crypto market, which rallied after Bitcoin took off to $60 thousand.
Thus, 2021 started on a high note for anyone whose interest was caught by CEL crypto. By then, its ROI exceeded 1,900% on average. On June 4, 2021, CEL reached its ATH of $8.05. Since then, though, it has lost steam and started trending downward.
CEL Price in 2022-2024
Probably, the most pivotal year in the history of Celsius Network was 2022. Although it went from $4.38 to $2.05 in a month after the rumors of the SEC probe, it was nothing in comparison to the crash to come.
The first signs coincided with the market turbulence caused by the LUNA collapse in May. Customers started to report being unable to withdraw funds from the platform. However, the company representatives denied suffering major losses after the crash and claimed they had withdrawn their assets from the Anchor Protocol (a Terra-based lending protocol, which had its role in accelerating its demise).
At that point, the CEL price was as low as 78 cents but investor confidence was nowhere near an all-time low. Rumors of Celsius going for an IPO kept it going for a bit longer until once again, the platform suspended withdrawals in mid-June. The CEL token tanked to 28 cents at its lowest point around that time. In July, the company bit the bullet and filed for Chapter 11 bankruptcy.
Despite that, the CEL price continued to see intense price action. In the same month, the situation did not improve significantly but a short squeeze (mainly on FTX) caused its price to surge by 500% and then dump again. Another short squeeze in September almost saw Celsius reach $4. However, these price gains are typically unsustainable, and the resignation of CEO Alex Mashinsky accelerated the CEL price fall.
The FTX collapse in November 2022 was the last nail in the coffin. The prominent exchange could have been one of the lifelines for Celsius’ creditors, previously having offered to buy the assets of the bankrupt company. Its crash, which caused the entire crypto market to lose value, made CEL’s price at the end of the year only 46 cents.
Unlike most other cryptocurrencies in 2023, the embattled Celsius token did not see the change for the better. The court proceedings established that it is impossible for all users to be repaid in full, as Celsius is a custodial service. Damning conclusions from the legal battle kept piling up during that year, causing the CEL token to lose its value further. Not all was lost, though: the reorganization plan and a relaunch of Celsius as a Bitcoin mining company give a faint hope that CEL might be of value again.
At the moment of writing, the current CEL price is $0.57. It ranks 267th by market capitalization according to CoinGecko.
What Influences the Price of CEL?
With the Celsius lending platform shut down for good, there is no use case for the native Celsius token for the time being. Nevertheless, its price action suggests that it is far too soon to write it off as dead.
In the most recent Celsius Network news, the company has burned 94% of the CEL supply in its possession. The remaining 40.5 million CEL immediately saw a price boost of 390%. Even in the longer time frames, across weekly, monthly, and yearly, the Celsius price is in profit.
Is it a sign that CEL is worth buying? It depends on your goals: as a speculative asset, it might yet be used to score some profits. As a long-term investment, its prospects are far more nebulous, since by destroying most of the token’s supply, Celsius has communicated that they have no plans for its immediate future.
Celsius Price Analysis and Forecast
Crypto trader Zafar on TradingView shared an idea about the possible Celsius price trajectory in the near future:
“While the current price sits beneath a resistance zone, closely watching for a potential breakout. If CELUSD can close above $0.38, a significant price increase could be on the horizon, with predicting a jump to $0.60 or even $1.30 and beyond.”
Celsius Network Price Prediction 2024
The most grounded and probably realistic opinion on the future of Celsius in 2024 and beyond was shared by Aaron Bennett on YouTube. He explains that the CEL token went up on the news about the token burn and concludes that from here on, it is going to be traded like a meme coin with no inherent utility. One of the factors that can influence whether CEL goes up or down is the proceedings in the legal cases against Alex Mashinsky.
Using a proprietary algorithm, CoinCodex projects the potential price for CEL this year. In a month, its average price can reach $0.56, growing further to $0.63 in three months and $0.77 by six months from now. The sentiment, backed by technical indicators, seems to be bullish as well.
Tech News Leader gives an optimistic reasoning for a grounded CEL price prediction in 2024. Even in the favorable market and macroeconomic conditions, they see it topping at $0.3. The average price forecast of Celsius is $0.27.
Celsius (CEL) Price Prediction 2025
One of the ways to predict how cryptocurrencies grow is to use data native to the market. What if Celsius Network repeated the growth rate of Bitcoin?
In that case, Coin Data Flow calculates that CEL will reach $3.50 by 2025 in the best-case scenario. More realistically, if it repeats at least 1% of BTC’s growth, its high in 2025 will be at $0.72.
Using historical data, PricePrediction.net projects that the average price of CEL in 2025 will be $0.9824. Not much volatility is expected in this forecast, with $0.9546 being the lowest forecast price and $1.19 the highest.
Make sure to be ready for a bull run in 2025, LongForecast warns! Their figures promise gradual growth in the Celsius price. In 2025, CEL will be fluctuating between $0.72 and $1.73, with more appreciation toward the end of the year.
Celsius Network Price Prediction 2026–2029
Where do the experts anticipate the Celsius price to go from 2026 to 2029? See the predictions below from various sources and methods. For the current state of Celsius Network, the resulting predictions seem abnormally bullish but anything can happen in the crypto market.
| Year | Digital Coin | CryptoNewsZ | AMB Crypto |
| 2026 | $2.02–2.49 | $0.65–0.93 | $3.55–5.33 |
| 2027 | $2.63–$3.13 | $0.84–1.21 | $7.39–11.09 |
| 2028 | $2.63–3.13 | $1.08–1.56 | $15.38–23.08 |
| 2029 | $3.25–3.71 | $1.41–2.03 | $32.01–48.01 |
Celsius Price Prediction 2030 and Beyond
Different prediction methods can account for different events and therefore show wildly varying results. This is especially true for long-term predictions, which cannot anticipate factors that do not even exist yet.
So, take these predictions with a grain of salt: CoinPriceForecast projects growth of 394% by 2030, making CEL worth $3.48. In ten years, the price target for the Celsius forecast is $4.43–4.61.
Captain Altcoin considers this token an investment not worse than any other crypto. Their algorithm shows a target of $2.45 past 2030 and up to $4.90 by 2040.
On the other hand, Coincu outdoes both of these sources with their bold long-term Celsius price predictions. How do you like $28.92–39.77 for 1 CEL in 2030 or $18.08 to $43.38 in a decade? Admittedly, they do not fail to mention the risks that come together with investing in a token like Celsius crypto.
How to exchange CEL on ChangeHero?
One man’s dead coin is another man’s gem, so speculators can still find some value in the Celsius token. If you want to part with CEL while it’s still up or get it while supplies last, do it with ChangeHero!
- Choose the currencies on the home page, amounts, and the type of exchange. Provide your wallet address in the next step and check the amounts;
- Double-check the provided information, read and accept the Terms of Use and Privacy Policy;
- Send in a single transaction the sum of the cryptocurrency you will be exchanging. Fixed Rate transactions have a 15-minute limit;
- Done? Now we are doing all the work: checking the incoming transaction and doing the exchange as soon as it arrives;
- As soon as the exchange has been processed, the crypto is on its way to your wallet.
ChangeHero’s customer support is available 24/7 in the chat on our website or through the email: [email protected].
Conclusion
The ongoing price action of Celsius Network seems to be neither the death throes nor a resurrection from the ashes. It is going to be a curious development if CEL stays afloat as a token to flip, free from its ties to the original platform.
Even more crypto projects are covered in detail in our blog. Feel free to follow our pages on social media: X, Facebook, Reddit, and Telegram.
Frequently asked questions
How much is Celsius’s token worth?
At the moment of writing, the current CEL price is $0.57. It ranks 267th by market capitalization according to CoinGecko.
Is Celsius a buy, sell, or hold?
Right now, according to TradingView, Celsius’ technical indicators give a strong buy signal. However, from the fundamental point of view, Celsius Network (CEL) is far from being a valuable asset.
What is the price prediction for the CEL token?
A moderate Celsius Network price prediction is based on the assumption that the crypto market will organically grow. It should start trading above $1 again in 2028. On the other hand, a bullish Celsius Network price prediction seems to assume CEL is no longer a utility token but a purely speculative crypto asset. Since those are known to blow up unexpectedly, the future price targets for CEL land as high as $48.
Will Celsius customers get their money back?
Due to the Celsius app’s terms of use containing a clause that assets in their custody belong to them, the court ruled that they are not obliged to compensate the clients. However, due to additional legal proceedings and executive decisions, Celsius’ clients can be reimbursed for up to 78% of losses.
Disclaimer
This article is not a piece of financial advice. No price prediction is guaranteed to provide exact information on the future price.
When dealing with cryptocurrencies, remember that they are extremely volatile and thus, a high-risk investment. Always make sure to stay informed and be aware of those risks. Consider investing in cryptocurrencies only after careful consideration and analysis and at your own risk.
