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
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 Price Prediction 2020
|Month & Year||Average Price Prediction in USD|
|August 2020||$0.52 USD|
|September 2020||$0.57 USD|
|October 2020||$0.49 USD|
|November 2020||$0.36 USD|
|December 2020||$0.44 USD|
CEL Forecast 2021 to 2030
|Quarter & Year||Price Prediction USD|
|January 2021||$0.58 USD|
|March 2021||$0.74 USD|
|June 2021||$0.55 USD|
|September 2021||$0.68 USD|
|December 2021||$0.42 USD|
|January 2025||$2.32 USD|
|March 2025||$3.01 USD|
|June 2025||$2.87 USD|
|September 2025||$2.64 USD|
|December 2025||$2.90 USD|
|January 2030||$6.28 USD|
|March 2030||$6.01 USD|
|June 2030||$6.09 USD|
|September 2030||$6.34 USD|
|December 2030||$5.89 USD|
In last 90 days, Celsius price pumped by 231% and talking about recent biggest growth then price changed from $0.062 to $0.27 USD with record price change is around 335%.
Celsius Network Overview
|Total Supply||695,658,161 CEL|
|Based on||Decentralized Finance on ERC20 Token|
|All-time high||$0.28 USD|
|Exchange Platform||Liquid, Bilaxy, HitBTC, IDEX, Uniswap, Switcheo Network, sistemkoin.|
|Wallet||Celsius Wallet, Ledger|
CEL Token Crowdsale Overview
|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.|
Is Celsius Legit Platform or Scam?
Celsius is legit Decentralized Finance platform and Blockchain.
Can Celsius Reach $1 USD?
Expected to be reach somewhere between 2022 to 2023.
How Much CEL Coin Worth in 2030?
Probably crossing $5 USD mark and with maximum price of $6.24 USD
Is Celsius a Good Investment?
Yes, for long term and short term will be better choice, as platform already providing you reward/interest for just HODL.
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.