Did you know that in just a few clicks online, you could lend money or even earn interest, take out a crypto loan and pay or be paid in crypto? You don't need to spend much time borrowing money in the traditional bank as the crypto lending platform now exists!
Cryptocurrency lending is very promising in taking over the loan sector despite being relatively new to the loan market. It is making big waves and booms in popularity as it can change the financial industry. As one of the prominent centralized crypto lending platforms, Celsius Network allows users to borrow blockchain assets. The system's backbone is the CEL token used to generate interest, take out loans, send peer-to-peer payments, and much more.
In this quest, we'll walk you through the Celsius price prediction forecast to see if more money will continue to flow into this crypto lending platform in the coming months and years. So stick around as we reveal many possibilities of this cryptocurrency lending and why you should consider this crypto the next time you need a loan.
Celsius (CEL) Historical Price Analysis
Celsius Network has been trading for two years (20 months) now. The CEL token was launched back in 2018 and raised $50 million in its Initial Coin Offering. The ICO token has only a value of $0.30 each, but the ICO price crashed to nearly $0.03, leaving a little chance of profitability for early investors. However, a year ago, it was priced at $0.14, rendering a compound monthly growth rate of 34.44% and a compound annual growth rate of 33.85% since then.
Amidst the pandemic, things were looking better as the price spiked over the last six months and ranges between $0.37 and $4.97, yielding a 53.57% compound monthly growth rate and 171.06% extrapolated compound annual growth rate. As we can see, patience sometimes is a virtue!
Celsius Network’s priced ranged between $1.30 and $4.97 over the past three months, which means it had a compound monthly growth rate of 56.23% and 210.49% extrapolated compound annual growth rate. It is fascinating to note that based on the massive growth in CEL tokens' value throughout 2020, the system's mechanics are working.
Current Price, Market Cap, & Supply Details
At present, the Celsius price is $4.54, with a 24-hour trading volume of $14,557,451. Its price was downed 7.29% over the last 24 hours. It ranks #36 in the CoinMarketCap with $1,084,245,601 USD market cap. Additionally, it has a circulating supply of 238,863,520 CEL coins and a max supply of 696 million. The top exchanges for trading in Celsius are FTX , HitBTC, BitMart, Sistemkoin, and Uniswap (V2).
Celsius (CEL) Future Price Forecast Predictions
If you are searching for virtual currencies with good returns throughout this time, CEL can be a profitable investment option for the coming months and years! Celsius (CEL) and its potential market environment reveal that it has been in a favorable cycle in the last twelve months. It implies that there will be a positive trend in the future, and the CEL might be right for investing money.
As stated in Wallet Investor, if you buy Celsius for 100 dollars today, you will get a total of 21.958 CEL. The price prognosis for 2026 is $31.727. Thus, a long term increase is expected with a 5-year investment rendering a revenue of around +596.69%. Your present $100 investment may be up to $696.69 in 2026.
Celcius (CEL) Short-Term Forecast Table
Celcius (CEL) Long-Term Forecast Table
*This price prediction is based on the data collected from various sources meant strictly for educational purposes only and not taken as investment advice. Users should do their research before investing.
Celsius Price Prediction 2021
This year is going to be a significant year for Celsius (CEL). Many believe that following the halving, the Celsius price will soar in the coming years. With the current trends in the cryptocurrency market's overall direction, Celsius Network (CEL) has a good chance of whooping up to $7.87 price at the end of 2021. The algorithm predicts that this is 2X nearly from the current Celsius price today.
The Celsius Network prices are currently bearish since it has dropped over the past days from its all-time high of $6.87 on January 4, 2021. In this matter, the traders must brace themselves for significant fluctuation that needs to be dealt with accordingly. The fear may be visible in the Celsius market that will subsequently lead to a substantial price drop.
However, based on the CEL community's enthusiasm with upcoming updates, this will rise and give a tough competition to other crypto lending platforms. As much as the team continues to work on its products and partnerships, the future looks bright for CEL.
Celsius Price Prediction 2023
CEL is steadily gaining more traction among cryptocurrency enthusiasts for one good reason: it’s a promising crypto lending platform. On top of that, it depends on the team's strategy execution to continuously increase the token price to attract many investors to this cryptocurrency.
Logically, the CEL price prediction 2023 will depend on the level of adoption this currency has achieved by that time. The provided consensus points at a $10.00 price level. However, this doesn't mean it will be consistent growth because volatility is expected to remain high, potentially creating several bearish cycles until CEL reaches the level mentioned above.
Celsius Price Prediction 2025
By 2025, with the increasing digitization and awareness of cryptocurrency assets, Celsius Network has many potentials ahead. Predictive modeling and investor sentiment scraped from various sources online, around $20-$30 US price is anticipated in as much as the team continues to develop and acquire from the target audience.
According to algorithm analysis and predictive modeling, even though prices are always subjected to change, the current long-term trend drives the CEL price to continue upward. However, you’ll need to keep track of newsletters, social media, upcoming events, and investors' sentiment as cel token changes over time to determine when to buy or sell at the right time.
Is Celsius Network a Good Investment?
Decentralize finance became quite popular nowadays, and it only makes sense to look into Celsius Network (CEL), which is taking advantage of the movement to create income from crypto lending. By flipping the traditional banking model on its head and making a customer-centric that acts in your best interest, considering into account risk and reward is crucial in deciding if Celsius is a good investment or not.
Celsius decentralize and permits individuals to borrow money from users and recover 80% of interest rates' profits. While paying very decent interest rates, they can also lend fiat, putting their cryptocurrencies as collateral. Although it has lots of appealing edges, it has some of its downsides. It can’t be all good, right? Most of the CEL assets are not stored in the cold wallets. Celsius Network services are custodial, which means that you're turning your keys over to them.
The cryptocurrency market is extremely volatile and challenging to predict in the long term, so researching the fundamentals and progress of Celsius Network is an essential task before deciding to invest any amount of funds for a long time to hold for months or years. CEL tokens remain arbitrary than more established coins like Bitcoin and Ethereum.
Still, they could become a precious part of anyone's crypto holdings, particularly if you're interested in using the Celsius platform to generate interest in your crypto holdings. It is noteworthy that users need to hold and stake CEL tokens to get the highest lending and interest rates.
Having said all that, you should be reminded that you are depositing your funds into a 3rd party digital wallet. As long as the system works, you have access to your coins, and you need to consider the risk that this involves. And remember to do thorough research before committing to an investment.
Weigh the pros and cons carefully, and never put in more money than you can afford to lose. In the end, it's up to you and you alone the decision and responsibility to utilize the Celsius platform properly.
How to Buy Celsius (CEL) Token?
Celsius Network is a one-stop-shop for all your blockchain-based financial needs as members now can buy crypto directly through the Celsius app. You can purchase the following leading cryptocurrencies available through the Celsius app, including ETH, BTC, XRP, BCH, LTC, XLM, and SGA. You can also go to CoinMarketCap or CoinGecko for a complete list of exchanges that list CEL.
You can buy any coins and deposit them directly into your Celsius account, and you even immediately earn interest or use them as collateral to get a crypto-banked loan. While CEL is working on adding a bank wire option to buy coins, users have the opportunity to buy crypto with a credit card at the lowest rates in the industry.
More Information About Celsius (CEL)
Celsius Network (CEL) was founded in 2017 by Alex Mashinsky (CEO) and Daniel Leon (Founding President and COO). It is a peer-to-peer lending company that facilitates the borrowing and lending of cryptocurrencies. Meaning to say, they allow borrowers to quickly access fiat funds by putting their crypto as collateral, paying minimal interest. On the other hand, lenders offer profits on interest rates for the cryptocurrencies deposited on their Celsius Network digital wallet.
Celsius Network (CEL)'s main advantage is that there are no minimum deposits, which means you can automatically begin earning interest by depositing whatever you want. They also treat all their clients; equally, no matter the warranties, whether it is $5 or $5,000,000. Also, there are no minimum deposits and withdrawal fees. This platform enables you to choose how to receive or pay your interests (the crypto you deposited) or in CEL tokens.
You have probably encountered “not your keys, not your coins” quite often, and in this platform, your private keys to your wallet aren't yours. Thus, there's no guarantee that your assets are safe from hackers, and you may lose all funds in the process. Fortunately, you have full control of your funds, and whenever you want, you can always withdraw your crypto as Celsius does not lock up funds. Above all, your banking history is not entirely relevant as this does not require a credit check.
Furthermore, Celsius Network contains over $730 million in assets and supports over 101,000 users worldwide. Additionally, the company has made $12 million in interest payments. It also facilitates nearly $5.5 billion in loan originations (about $8.2 billion in today’s BTC prices).
Celsius (CEL) Team
Celsius Network has a strong team comprised of people with unique backgrounds who strongly aspire to give financial freedom and break the banking system using blockchain technology. The CEL platform aims to help spread mass adoption even faster.
First, Alex Mashinsky (CEO) is one of the VOIP inventors (Voice over Internet Protocol). A founding member of several successful companies and the rest of the team were serial entrepreneurs, veteran business people, banking experts, business developers, and successful blockchain pioneers. So with that experience and knowledge, the CEL team dedicate their time in improving hundreds of thousands of Celsius users' financial standing.
Celsius (CEL) is the first lending platform that reached $1 Billion in funds under management, making it a massive success in the crypto market. It has given freedom when it comes to borrowing and lending at a higher speed with no fees and credit checks. Regardless, many were hesitant as many concerns arise over Celsius being a custodial platform and its lack of transparency. Amidst all the controversies, many still believe in Celsius's power (CEL) in helping investors and traders into this crypto revolution by allowing them to lend and borrow cryptocurrencies.
Given the fact that the crypto market has high volatility, the prices of CEL token may fluctuate or move in the future; however, the Decentralize Finance (DEFI) movement is still in full swing of Celsius team in continuing to provide adequate services that would make CEL possibly enter into top 50 most extensive market cap holder list soon. Hence, Celsius remains a reliable lending platform, and as long as you are aware of the risks that come with using CEL, we see no reason not to use your crypto to its best advantage.