Celsius and its token CEL made new records in 2021 but winded down by the end of the year. Early 2022 has made things even more difficult, so what’s in store for CEL holders now? See what analysts think in our Celsius price prediction 2022 and long-term.
Celsius Price Prediction 2022, 2025, 2030
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- A rounded-up Celsius price prediction 2022 is nebulous: some sources say to prepare for a bearish scenario. Others are more bullish and give an extravagant target all the way up at $14;
- An even higher degree of uncertainty surrounds Celsius 2025 prediction: there are sources that put support levels below the current price and those who claim it can rally up to $50;
- The analysts that gave CEL price prediction 2030 are moderately bullish. $7-12 is quite realistic to achieve in eight years.
What is CEL?
Celsius is a cryptocurrency financial service platform with a particular focus on banking and lending. Users of the app can collect rewards for cryptocurrency deposits, take loans with collateral and send their funds. The platform supports 6 stablecoins (as well as USD) and 29 other popular cryptocurrencies for collateral. Supported stablecoins for both loans and collateral include TUSD, GUSD, DAI, USDT, USDC and PAX. The platform works with the help of a CEL utility token based on the Ethereum blockchain. Users can 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. If you want to know more about the project and/or the CEL token, we have a comprehensive guide for you! If you are more interested in CEL the price, carry on reading.
CEL Price History
CEL Price in 2018-2020
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 CELs were still not in profit that year. Only in 2020, which it started at $0.15, CEL managed to grow all the way to $7. This parabolic growth was in sync with the crypto market, which rallied after Bitcoin took off to $60 thousand.
CEL Price in 2021-2022
Thus, 2021 started on a high note for anyone whose interest was caught by CEL. By then its ROI exceeded 1,900% on average. On June 4, 2021 CEL reached its current ATH of $8.02. Since then, though, it moved trending downward, and the 2022 correction accelerated the downtrend. At the moment of writing, the CEL price is $2.39. It ranks 95th by market capitalization according to Messari.
What Influences the Price of CEL?
Token Economics
The Celsius platform is backing the value of CEL, so it’s only natural that there are some mechanisms to bolster it. The CEL distributed to users weekly are bought by Celsius Foundation from exchanges the week before, so the more users accrue, the more it has to buy. This buying pressure drives up the prices and value of CEL. To ease inflationary pressure on CEL, the team also conducts weekly token burns. On average, 10% of the buyback is removed from the supply.
Regulatory Status
Celsius Network offers high-yield earning accounts, which from a legal standpoint can cause a dispute. In September 2021, Texas and New Jersey regulators issued a cease and desist order against the application. The company was accused of dealing and fundraising in unlicensed securities, and the hearings are to take place in February 2022.
Exploits and Bugs
The real reason the regulators are probing platforms like Celsius is the lack of investor protection. DeFi at its current state seems to be quite prone to events that can lead to loss of funds. In December 2021, BadgerDAO became a target of a front-end attack, when perpetrators redirected transactions created by users. The protocol lost $120 million, and Celsius in particular suffered a loss of $50 million. When addressing the incident, protocol founder Alex Mashinsky reaffirmed that the company lost funds but the users didn’t. He went on to confirm that they are working on retrieving the stolen crypto.
Twitter posts on CEL
Suggested road map for $CEL from @CelsiusNetwork #Community
Let us know what you think. pic.twitter.com/z6LfsWRTIC — Alex Mashinsky ©️ (@Mashinsky) January 29, 2022
What does the future hold for Celsius? Alex Mashinsky teases new features to come in 2022: more incentives for CEL holders, reward tier rework and community governance.
First $CEL utility powered by CelsiusX tech is enabling $CEL transfers to @CelsiusNetwork via the @0xPolygon network 🔥
✅ Accessibility More utilities to come ⏳ https://t.co/1ndjC9klXs pic.twitter.com/pLf9xAmL4t — CelsiusX (@CelsiusXDeFi) February 2, 2022
To make the app even more user-friendly, Celsius team works on integrating it with L2s and bridges. The initiative is called CelsiusX, and users are already enjoying cheap transaction fees and quicker transfers.
It’s called 20 DMA $BTC $ETH $CEL pic.twitter.com/mAorcB0pOv
— Adrià GF (@adriagf) February 1, 2022
Celsius content analyst Adria GF compared the charts of BTC, ETH and CEL. All of them made contact with the 20-day displaced moving average, an indicator that forecasted the bounce off a local low.
Celsius Price Prediction 2022
Crypto Crow CEL Price Prediction 2022: $14
YouTuber CryptoCrow believes that Celsius Network is the solution to the banking crisis, highly appraising their model. At the peak of the bull run, he suggests it can reach $14, though now it is not clear whether the uptrend will continue.
CoinQuora Celsius Price Prediction 2022: $1.46-10.12
Using Fibonacci extensions, CoinQuora analysts suggest two scenarios and therefore, support and resistance levels to watch. Having lost the support at $3.42, CEL can go lower, down to $1.46. Should bulls return, they have $6.03 and $8.04 resistances to overturn, before hoping to reach $10.12. However, neither relative strength index nor moving averages rule this scenario out.
Tech News Leader Celsius Price Prediction 2022: $3.89
Tech News Leader gives a bullish but very moderate prediction for CEL in 2022. Even in favorable market and macroeconomic conditions, they see it topping at $3.89.
Celsius Price Prediction 2023, 2024
Coin Data Flow Celsius Token Price Prediction 2023: $2.45-8.61
One of the ways to predict how cryptocurrencies grow is to use data native to the market. What if Celsius repeated the growth rate of Bitcoin, then? In that case, Coin Data Flow calculates that CEL will reach $8.61 by 2023. If it repeats at least 1% of BTC’s growth, its high in 2023 will be at $2.45.
PricePrediction.net Celsius Crypto Price Prediction 2024: $7-8.38
Using historical data, PricePrediction.net projects that CEL in 2024 will be worth $7.25 on average. Not much volatility is expected in this forecast, with $7 being the lowest price and $8.38 the highest.
Celsius Price Prediction 2025
LongForecast CEL Price Prediction 2025: $1.73-3.47
Don’t hold your breath for a bull run in 2025, LongForecast warns. Their figures do not show explosive growth, and in 2025 CEL will be flailing between $3.47 and $1.73, with a decline toward the end of the year.
CryptoNewsZ Celsius Price Prediction 2025: $45-50
An opposite point of view comes from the CryptoNewsZ team. With more people gaining knowledge and exposure to crypto, they see huge prospects for the market as a whole, and this will positively affect CEL, too. Their price target for 2025 lies somewhere at $45-50.
DigitalCoinPrice Celsius Price Prediction 2025: $4.42-5.68
Algorithmic prediction sites like Digital Coin usually fail to account for explosive rallies but give realistic predictions grounded in historical data. With that in mind, let’s see what they have calculated for CEL. On average, its price is expected to float around $5.18, in the range between $5.68 in January and $4.42 in March.
Celsius Price Prediction 2030
Different prediction methods can account for different events, and therefore show radically varying results. This is especially true for long-term predictions, which cannot anticipate factors that do not exist yet. So, take these predictions with a grain of salt: CoinPriceForecast projects a growth of only 201% by 2030, making CEL worth $7.26. Captain Altcoin considers this token a worthy investment, but their algorithm shows a target of $12.26 in 2030 - a bit more bullish but not stellar.
ChangeHero’s CEL Price Prediction
Celsius Network is a popular app with a loyalty program empowered by CEL that users enjoy. However, this popularity might backfire, as regulators direct their attention to the app and require it to adhere to the existing laws. CEL heavily relies on the performance of the app and the company, which may make it less decentralized and independent than other cryptocurrencies. In return, it is offering more value and use to the users, so its fundamentals are arguably stronger. In the years to come, we can expect to revisit lows as the crypto market cools down. However, in the long term, growth can surely turn into an uptrend for the token price.
How to get CEL on ChangeHero?
There is more than one way to get CEL without having to register in Celsius and waiting for rewards. If you already have crypto, you can use it to buy CEL on ChangeHero, it’s very easy:
- Choose the currencies on the home page, amounts and the type of exchange. Provide your CEL 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 cryptocurrency you will be exchanging. Fixed Rate transactions have a 15-minute limit;
- All done? Now we are doing all the work: checking the incoming transaction and doing the exchange as soon as it arrives.
- The Best Rate transactions will use the rate current to the time when your funds arrive. The Fixed Rate will use the rate at the time of step 1;
- As soon as the exchange has been processed, your CEL are on the 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
Celsius Network is in a complicated state right now, but it seems they are dealing with all challenges with grace. The predictions seem to echo the positive sentiment about the future of CEL. Even more crypto projects are covered in detail in our blog. Feel free to follow our pages on social media: Twitter, Facebook, Reddit and in Telegram.
Frequently asked questions
[sc_fs_multi_faq headline-0=“h4” question-0=“What is Celsius?” answer-0=“Celsius is a DeFi platform for savings and lending. It supports several popular cryptocurrencies, as well as a native token CEL that provides rewards to the Celsius users.” image-0="" headline-1=“h4” question-1=“What will Celsius be worth in 2022?” answer-1=“In 2022, CEL can be worth anywhere between $1.46 and $14.” image-1="" headline-2=“h4” question-2=“What will Celsius be worth in 2025?” answer-2=“Estimates given for CEL in 2025 range from $1.73 to $50.” image-2="" headline-3=“h4” question-3=“What will Celsius be worth in 2030?” answer-3=“Depending on the source, by 2030 CEL can grow up to $7.26 or $12.26.” image-3="" headline-4=“h4” question-4=“Is Celsius Network a good investment?” answer-4=“Most predictions and analyses state that Celsius and CEL have considerable potential in the long-term.” image-4="" count=“5” html=“true” css_class=""]
