Celsius (CEL) Coin Price Prediction 2023, 2025, 2030, 2040, 2050

What is Celsius?

Celsius is community based Decentralized Finance network which allows user to Lend and Borrow different cryptocurrency. Network uses consensus protocol using proof of Stake algorithm that is built on ERC20 Ethereum Blockchain. The project was launched in 2018 by Alex Mashinsky, a former crypto advisor and investor that owns VoIP, the company already founded multi-billion worth business like Arbinet, Transit-wireless and Groundlink. The core team working on this project since 2013, where founding member already having experience of working with blockchain project including sirin Labs, MicroMoney and Ties Network.

Celsius network offers wallet to store, send, Borrow and instant loan facilities, as there are many reasons why Celsius better than others. Celsius provide lower interest rate on loans, higher interest for HODL crypto assets, as platform uses its 80% of revenue to distributed interest to the users and community uses. The network welcome new member on the platform and community who HODL Cel Token, as the same token will be used to distributed rewards and interest.

Celsius listed more than 20 crypto assets for lending and borrowing which include both stablecoins and altcoins and for loan it uses crypto collateral in which users will have different option such as BTC, ETH, BCH and more. The plaform promises to provide 4% to 10% interest rate for HODL USD, BTC and other crypto asset and lowest loan interest rate of 4.95%, which is lowest recorded interest rate than other Crypto Defi Project like Nexo, BlockFi, Bank of America, along with this they don’t charge any approval, withdrawal, early termination, default and platform fees.

Celsius Price Prediction

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Celsius Network Overview

Project name	Celsius
Ticker Symbol	CEL
Total Supply	695,658,161 CEL
Official website	Celsius.network
Based on	Decentralized Finance on ERC20 Token
Launched year	2018
All-time high	$8.02 USD
Exchange Platform	Liquid, Bilaxy, HitBTC, IDEX, Uniswap, Switcheo Network, sistemkoin.
Wallet	Celsius Wallet, Ledger

CEL Token Crowdsale Overview

Platform used	ERC20
Raised by	$50,000,000 USD
Date of ICO	15th march 2018
ICO Price	$0.20 USD
Partners	KORBIT, VOYAGER, PrimeTrust, uphold, infinito Wallet, bitcoin.com, Fireblock, Davispolk, Infido, Chainalysis, Monarch, Mode, Amon, Bitwala, Chainlink, Coinpaprika, Infido, Amazon Web Services.

Celsius Price Analysis

Celsius dipped below $1 USD, which was the point, where most of long term holder starts selling their bags. however, Crypto market liquidation following Luna and stablecoin depeg controversies keep increasing Fear index. now, after reaching $0.55 USD, we could say CEL finally found bottom, as token price pump by 10% in less than 24 hours. Celsius could regain it market cap volume and token price could jump above $3 USD and possibly trading at resistance level of $5 USD.

Celsius bankrupt status and freezing user funds already created huge mess between investor and community. however, lots of controversies happening in between ex-employees and current employees and many analyst suggest celsius will not be be returning to their prime. When all this controversies where happening that time token price dumped to $0.34 USD but after locking user funds then CEL Token reaches to $3.38 USD in less than 2 months. CEL token again dipped below $1 USD and expected that it can again drop to $0.34 USD in coming week.

The controversy with Bilaxy trading platform not able to make impact on Celsius daily marketcap volume, as of writing Celsius network finally in the top 100 biggest crypto list. the beginning o bullish trend was started in November 2019, as that time most of altcoin was on the way of recovering from crash, as we have seen 2019 was the worst year for crypto market than 2018, because most of project shut down and new launching of crypto was rarely happening.

So, picking momentum before start of new year Celsius hiked to reached its new all-time high in January 2020 with price $0.11 USD by crashing June 2019 record. as after February 2020 bullish trend, Celsius sees moderate bearish trend, where it again dropped to $0.062 USD, but since then it continues to rise with skyrocket speed and now it trading at price $0.27 USD.

Celsius FAQ

Conclusion

Loans under blockchain platform will be next big thing in the decentralized crypto market, as most of platform such as Nexo, Compound, BlockFi and other DeFi is getting huge success. So borrowing and lending with higher speed will help to bring change in tradition financial services. The project is giving freedom to receive or pay your interest, no locking of user’s funds, no minimum deposit, no extra charges on transaction and no credit check before applying for loans. if they continue to provide services as their circular then Celsius will be easily enter into top 50 largest market cap holder list.