Author: changehero
February 4, 2022

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 [table id=42 […]

Celsius Price Prediction 2022, 2025 and 2030

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

[table id=42 /]

  • 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


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.


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.


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:

  1. 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;
  2. Double-check the provided information, read and accept the Terms of Use and Privacy Policy;
  3. Send in a single transaction the sum of cryptocurrency you will be exchanging. Fixed Rate transactions have a 15-minute limit;
  4. 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;
  5. 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=””]

Author: changehero
July 8, 2021

Decentralized finance and crypto trading revolutionized their respective fields by making it accessible to everyone. Among the projects that revolutionize lending and savings accounts by cutting fees and bumping revenues is Celsius. Dive into our Celsius network review to learn more about how Celsius crypto reclaims finance from the banks! Key Takeaways Celsius (or Celsius […]

What is Celsius crypto lending platform and CEL?

Decentralized finance and crypto trading revolutionized their respective fields by making it accessible to everyone. Among the projects that revolutionize lending and savings accounts by cutting fees and bumping revenues is Celsius. Dive into our Celsius network review to learn more about how Celsius crypto reclaims finance from the banks!

Key Takeaways

  • Celsius (or Celsius Network) is a crypto asset financial services platform, mainly offering lending and depositing;
  • The utility token CEL is used to receive bonuses, such as boosting the yield or discounting the payment on loan;
  • The team has recently introduced a Web application and is in the process of moving to the United States. The move is to simplify the onboarding for American customers and to operate in a more regulated space.

What is Celsius?

Celsius Network logo
Source: Celsius Network – BitcoinWiki

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.

Locking Funds

Users can earn interest on their deposits if they choose to lock it in their Celsius account. The rewards are paid out weekly and can reach up to 17% according to the official website.
Moreover, there is no minimal amount for deposits (though there are diminishing returns for large amounts of BTC and ETH) and no fees.
By depositing crypto in a Celsius account you are actually providing them with liquidity to give loans to other customers. To incentivize you, they are providing annual percentage rewards in return, like a savings account.

Celsius Lending

To loan out USD or stablecoins (which can also be deposited for a return!) in a few minutes users can apply in the app. Their loan must be collateralized by a sum equivalent to 200% or more of the loan in other cryptocurrencies.
To make sure a customer pays back and not to run out of liquidity, crypto lending protocols require collateral. You can pledge BTC and receive a loan in USD to make a payment in a matter of a few minutes.

Supported Currencies on Celsius

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.

History of Celsius and Team

Celsius ICO was held in March 2018 and raised $50 million. The core product, Celsius Wallet, was released after almost a year of rigorous research, development and testing in early 2019.
The platform is developed by Celsius Foundation, based in London with members all over the world. Its founders are Alex Mashinsky, VOIP inventor, S. Daniel Leon and Nuke Goldstein.

What is Celsius crypto, CEL?

Since we already mentioned the platform was funded by an ICO, an explanation of what is Celsius crypto is in order. 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). As for lending, if you choose to pay back the debt in CEL, you will receive a discount.
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.

CEL Price History

CEL price chart
Source: CoinMarketCap

Prior to 2019, the price of CEL was mostly driven by speculation and was well below the ICO price of $0.3. When the wallet launched, though, it really started to grow but did not reach this mark until June 2020.
After that, CEL caught wind of the bullish market trends and commenced parabolic growth. What is Celsius crypto all-time high? The $8.02 record price was registered on June 3, 2021.
At the moment of writing, the Celsius token price is $6.61 and ranks 57th by market capitalization according to CoinMarketCap.

What is Celsius crypto used for?

Celsius Network bonus tiers
Source: Celsius Network

The primary use case for CEL token is boosting payouts and receiving discounts on the Celsius platform. There are four bonus tiers in Celsius, depending on the amount of CEL a user has.
Users are incentivized to keep their CEL tokens, as in addition to reward tiers, 80% of the Celsius Foundation’s revenue is given back to the token holders.

Comparison with Similar Projects: BlockFi, Nexo

Crypto-collateralized lending is not limited to Celsius, so there is plenty of competition.
BlockFi works on the same premise: users can receive APY on deposits and loan cryptocurrencies in exchange for collateral. Unlike Celsius, it does not have a utility token.
Nexo is more akin to Celsius, since they both have a utility token. But Nexo shares only 30% of dividends with NEXO holders as opposed to 80% to CEL holders.
Compound is a similar protocol with the native token COMP being used for decentralized governance. In Compound, you can lend and borrow any of 13 supported cryptocurrencies.
Here is further comparison of Celsius interest rates and supported currencies with these platforms:
[table id=31 /]

What is Celsius crypto criticized for?

One of the most obvious points of contempt regarding Celsius is centralization. At the very least, Celsius lacks on-chain governance and decentralized treasury.
Tangentially related, in April, Celsius’s email server was attacked and users started receiving phishing emails. Since Celsius keeps a database of users’ accounts, they have to be trusted with personal information for KYC, among other things.
Messari crypto analytics raise another point of concern: Celsius lends not only to institutional traders and hedge funds but also to margin traders. If something happens to the exchange on which the margin trading programs are run, customer funds may be at risk.

Partnerships and future plans

Instead of drawing long-winding roadmaps, the Celsius team prefers to work in the present. Which is why updates and new features, like the Web app and credit card come as a pleasant surprise!
The team is also in the process of moving jurisdictions from the UK to the US. To keep up with the development of the project, users are encouraged to follow the AMAs and updates from the executives and the team.
Celsius offers their services for professional investors and traders. Their partners and API users include Bitwala, Voyager, Bitfinex, Infinito, Coinlend and LINE.

Social Media posts


Unofficial Celsius account shared the interview of Alex Mashinsky with Caitlin Long, Wyoming Blockchain Coalition chairwoman. With Celsius moving to the US, they are giving plenty of attention to the regulatory landscape.


Twitter user CryptoMv proposes an interesting idea for using CEL: pay your employees!


Blockchain developer Sean Smith built an app which tracks weekly payouts for Celsius users. After all, transparency is an important concept to the team and the community.

Which Wallet is the Best for CEL?

Naturally, CEL can be stored in the native app or some popular multi-coin wallets. If you want to store CEL outside of your account, pick Metamask or Trust Wallet.
For safer storage, you can choose Ledger hardware wallet.

How to Get CEL with ChangeHero?

CEL can be traded on some crypto exchanges but it comes with a lot of unnecessary hassles. You have to create an account and deposit funds into the exchange’s custody. 
ChangeHero is an alternative way to trade CEL against any currency supported by the service. It’s a non-custodial instant cryptocurrency exchange, so you won’t have to worry about losing access to your funds or setting up an account.
For your convenience, CEL can be bought on ChangeHero in five easy steps:

  1. 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;
  2. Double-check the provided information, read and accept the Terms of Use and Privacy Policy;
  3. Send in a single transaction the sum of cryptocurrency you will be exchanging. Fixed Rate transactions have a 15-minute limit;
  4. And now, relax! We are doing all the work: checking the incoming transaction and doing the exchange as soon as it arrives;
  5. As soon as the exchange has been processed, your CEL are on the way to your wallet. We’ll be happy to hear your feedback if you enjoyed using ChangeHero!

Customer support is always available in chat on our website, official Telegram group or through the email: [email protected].

Conclusion

Celsius Network takes their mission to unbank users one at a time pretty diligently. As of June, they have more than 300 thousand users, and show no signs of slowing down.
Browse our blog for even more educational articles or subscribe to ChangeHero on social media: Twitter, Facebook, Reddit and Telegram.

FAQs

What is the Celsius Network?

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.

Is Celsius crypto legit?

Celsius has passed several independent security audits and serves more than 300 hundred customers worldwide.

What coins does Celsius support?

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. 

Which is better Celsius or BlockFi?

BlockFi works on the same premise: users can receive APY on deposits and loan cryptocurrencies in exchange for collateral. Unlike Celsius, it does not have a utility token.
BlockFi supports 13 cryptocurrencies (against 35 on Celsius) and offers max APY of 7.5% (17.78% on Celsius).

Is Celsius Network insured?

Celsius assets are secured by their custodian, Fireblocks. Assets that are lent out, and are not in custody, are not covered by insurance.


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