Celsius Price Prediction 2024 – 2030

Celsius was once a popular cryptocurrency lending platform offering users interest on their deposited assets. By providing high yields, collateralized loans, low fee transactions and its own native token CEL, the Celsius Network offered multiple use-cases to investors.

This guide reviews a potential Celsius price prediction for 2024 – 2030 by looking at the platform’s recent bankruptcy filing, the CEL token’s historical performance and the current CEL price. 

Celsius Coin Price History

The Celsius Network’s crypto token, CEL, is used for taking out loans, making payments, and as a reward mechanism token on the platform. An ERC-20 token, CEL has a max supply of 695 million tokens, of which 34% are in circulation. 

CEL Price Increase 

After completing its ICO (initial coin offering) in 2018 and raising $50 million, the token began trading in April of the same year. After going live at $0.059 per token, the Celsius price traded sideways until 2020.

Full Celsius price history 2018 – 2023

The CEL token price showed upwards movement in August 2020, after the company raised an additional $20 million via an equity crowdfunding round. CEL increased from $0.3 to $1.025 in August 2020 – a 241% price increase. 

By the end of the year, the Celsius coin price was more than $6 – a 100x increase since its initial token launch. Eventually, CEL reached an all-time high (ATH) of approximately $8 in June 2021 across many of the best altcoin exchanges, before the bearish downtrend began.

Bearish Momentum Following Security Issues

Throughout 2021, the platform experienced multiple issues. In April, Celsius faced a security breach which led a large chunk of users’ data to be exfiltrated. A couple of months later, the Celsius Network came under fire when various US states claimed that the company’s crypto interest-bearing accounts were not registered securities offerings. 

Amidst the turbulent cryptocurrency markets following the crash of TerraUSD, Celsius faced massive liquidity problems. Moreover, Celsius had lent over $8 billion to clients through its crypto lending site. 

This led Celsius to issue a temporary ban on withdrawals and transfers on the platform. The aftermath resulted in the CEL coin price falling to $0.3 by July last year. Celsius recovered to $0.5 in January 2023 before continuing its way down to the $0.34 range with a market cap of about $81 million.

Celsius Token Price – Summary

• CEL raised $50 million in its ICO and launched at $0.059 per token in October 2018. 
• The Celsius token price increased to $1 in August 2020, after the company raised an additional $20 million. 
• In June 2021, the Celsius crypto price reached an ATH of $8 – nearly a 136x return on investment. 
• After facing security breaches and compliance-related issues in 2021, the token price fell to $3. 
• Celsius Network declared bankruptcy in June 2022, causing the token to correct to $0.3.
• The Celsius coin price as of April 2023 is $0.34, which is nearly 2x higher than the CEL ICO price.

Celsius Crypto Price Prediction 2024

In the medium term, investors should look closely at the aftermath of the bankruptcy filings. During mid-August, Celsius temporarily increased to $4 after the company announced that it had enough cash to last through the year. 

Chris Ferraro, the CFO of Celius network, stated that $61 million worth of matured loans would be received in the next few weeks. The company expects to be cashflow positive by 2024. Thus, the effect of the bankruptcy may not have a long-term impact on the Celsius token price. 

Since the ATH of $8 in June 2021, Celsius has been experiencing higher lows and has faced regular price corrections. While the cryptocurrency could not sustain the mini bull run, investors will be hoping for a close above $4 by the end of 2024.  On the other hand, the Celsius cryptocurrency could experience further sideways momentum and be stuck around the $1 price range.

Celsius Coin Price Prediction 2025

There is a lot of uncertainty when predicting cryptocurrency prices for the long term. For example, Celsius is still recovering from the bear market after lending billions of dollars to investors in the previous year. Therefore, market analysts predict bearish returns for the popular cryptocurrency token. 

Wallet Investor (WI), a trading algorithm, expects the Celsius token to drop by 91% by the end of 2025. This would put the CEL coin price at $0.11 per token. Therefore, investors should carefully review the cryptocurrency and make an informed decision on whether or not to invest in the Celsius token. 

Celsius Coin Price Prediction 2030

The Celsius price prediction for the long-term ultimately comes down to the use cases offered by the token. Investors can access crypto interest accounts and earn high APYs (annual percentage yields). As the CEL token acts as a collateral currency to receive loans, the token’s success will directly impact the token price. 

Moreover, investors can earn interest on Bitcoin while receiving added loyalty benefits by holding CEL. Therefore, many analysts are bullish on the Celsius coin price in the long term. For example, priceprediction.net, an AI price prediction algorithm, expects the Celsius crypto token to have an average price of $29.61 by 2030. 

Potential Highs & Lows of Celsius Coin

In the table below, we summarize the Celsius price predictions between 2024 – 2030. 

What is Celsius Coin Used For?

The native cryptocurrency CEL provides multiple use cases for the Celsius Network and its users. The sections below discuss some of the uses for this popular cryptocurrency token. 

High Yields through Lending Protocols

Aiming to provide traditional borrowing and interest-earning mechanisms centralized agencies offer with fiat currencies, Celsius is a lending protocol allowing investors to earn high yields by depositing their crypto assets as collateral. 

Celsius’ lending protocol allows investors to deposit top assets like Bitcoin, Ethereum, and stablecoins to earn a high APY.

What is APY in crypto? This term refers to annual percentage yield, which refers to the interest generated by staking crypto assets on some of the top-tier staking platforms.

Celsius states to offer up to 17% APY on its lending protocol – which differs from crypto staking in that the yield is derived from lending out assets to institutions. 

This feature is beneficial for long-term holders looking to generate investment returns – as long as those institutional borrowers honor the loan. The Celsius Network offers this feature by leveraging CEL as a payment mechanism to receive and distribute virtual currencies. 

All the funds collected are placed into a ‘lending stake pool’, which is lent to external exchanges. The interest accumulated is then distributed back to the users. 

Borrowing

Apart from earning interest, investors can also borrow funds on the Ceslisus network. General investors can deposit cryptocurrencies on the network. The funds are used as collateral to receive loans on the Celsius platform. 

Moreover, borrowing can be conducted by traders or accredited investors, who collect the funds from the lending pools. These traders need to open accounts with a minimum balance of $10,000. This allows Celsius to collect any losses or fees. 

Finally, borrowing can be conducted by other external exchanges that work with Celsius and borrow funds from the lending stake pools. The CEL crypto coin is the governance token and even facilitates multi-blockchain transactions. Since CEL is built on the Ethereum network, the token is transferable with ETH. 

What Drives the Price of Celsius?

Before investing in Celsius, investors should look at the main factors affecting the cryptocurrency’s price. The sections below discuss some of the main reasons that affect the CEL token price: 

Platform Use-Cases

As stated above, the CEL cryptocurrency acts as a governance token for the platform. Celsius generates revenue by leveraging the token for lending, Bitcoin mining, and the trading of cryptos on the platform. 

Thus, the growth of the Celsius platform plays a close role in the positive growth of the cryptocurrency token. After collecting $50 million in its ICO and a further $20 million via crowdfunding rounds, many investors saw solid growth potential in CEL. This led to CEL’s initial bull run in 2021, which led to an ATH of $8.

Bear Market

In 2021, Celsius was one of the many top cryptocurrencies that experienced high-growth levels. However, the bear market over the past year has led to large-scale uncertainty and volatility in the price of Celsius. 

Following uncertain global conditions following regular price hikes following high inflationary data, Celsius has corrected following the crash of the popular stablecoin – TerraUSD. Therefore, investors may look to pick up the token at lower levels if they are interested in long-term growth. As seen previously, CEL has performed well when the other market leaders, such as Bitcoin and Ethereum, have experienced bull runs and strong growth. 

Recent Bankruptcy

In June 2022, the Celsius Network filed for stage 11 bankruptcy due to liquidity issues. The cryptocurrency lender was facing the heat after they tried receiving additional financing from third parties. 

The CEO of Celsius Alex Mashinksy blamed poor asset deployment decisions as the main reason for their recent troubles. In the previous year, Celsus lent out more than $7 billion worth of assets. Due to the lending platform’s high-interest rates, Celsius offered more than it could afford. 

This resulted in a massive price crash, which saw the token fall from $2 in May last year to $0.3 in July. However, the company’s recent announcements claiming to be cashflow positive in 2024 led to a price recovery. 

Is Celsius the Best Coin to Buy in 2024?

While Celsius has the potential to provide upwards price movement in the coming months, we recommend Love Hate Inu (LHINU) as one of the best cryptocurrencies to invest in 2024.

Love Hate Inu – Best New Coin That Raised Over $100k in a Single Day

Love Hate Inu is an outstanding cryptocurrency project in today’s market due to its unique and practical voting system that offers a secure and transparent platform for members of the community to voice their opinions on social issues and earn tokens for their participation. This innovative “vote-to-earn” GameFi concept is poised to revolutionize the online survey industry by using blockchain technology to record immutable and verifiable results.

Love Hate Inu’s timing couldn’t be better as social media polls are vulnerable to manipulation and the proliferation of bots and trolls, but Love Hate Inu’s platform provides a trustworthy and authentic environment for honest opinions. As the official launch of Love Hate Inu approaches, demand for the LHINU token has skyrocketed, causing a domino effect that is prompting investors to stock up on the token in large quantities as soon as possible.

This trend is a clear indication of the project’s potential to become a leader in the blockchain-based cryptocurrency space, thanks to its highly unique use case and innovative concept that holds the potential to revolutionize an entire sector in time. Its ongoing presale can be one of the best times to start stocking up on LHINU tokens at a discounted rate.

$LHINU Tokenomics 

Love Hate Inu’s tokenomics strategy prioritizes the community’s involvement and equity in the project. By offering 90% of the total $LHINU token supply in its presale, the team ensures a broad distribution of tokens and establishes a strong foundation for the community. This approach not only eliminates any potential risks of rug pulls but also gives users a significant stake in the project’s success.

The remaining 10% of tokens will be allocated for liquidity provision, exchange listings, and community rewards. This strategy allows the project to maintain transparency and fairness in token distribution while providing value to its investors and supporters. Overall, Love Hate Inu’s tokenomics strategy reflects its commitment to creating a sustainable and inclusive ecosystem.

Conclusion

This guide has discussed the Celsius price prediction for 2024 – 2030. After the bankruptcy filings in June 2022, CEL fell under $1 due to uncertainty over the platform’s future. However, the token is trading at over $0.34 following Celsius’s announcement that it aims to have a positive cash flow by 2024. 

Alternatively, Love Hate Inu is an option available for investors looking to buy a high ROI coin that also offers rewards for simply voting on its polls. Buyers should consider buying the token while it is available at a relatively low presale price right now.

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