Although the massive crypto bull run which started last year seems to have lost some momentum by now, many digital currencies are still performing superbly and look like they have a lot of room for growth, which is especially true when it comes to alternative cryptocurrencies. Celsius is one of the most interesting altcoins on the market, and many experts believe that the CEL price will keep rising. But what is Celsius really, and what makes it different from other projects on the market?
What is Celsius Cryptocurrency?
Celsius (CEL) is a unique DeFi-focused project encompassing a vast array of financial services such as loans and savings tools, typical to the world of traditional banking. However, Celsius aims to offer these services to the cryptocurrency users in a much more attractive and profitable manner, thanks to the fact that blockchain technology can greatly enhance the efficiency of fundamental financial operations.
In other words, the users of Celsius can expect to earn much higher rates of returns compared to savings accounts in traditional banks. Conversely, the fees of loans provided by Celsius are much smaller than the fees paid in banks, and many other types of fees prevalent in conventional banking are either drastically mitigated or removed altogether for the clients of Celsius.
The History of Celsius
Celsius is a project which was founded in 2017 by two veteran blockchain entrepreneurs named Alex Mashinsky and Daniel Leon. After a year of rapid development, the original instance of Celsius was launched in June 2018.
It’s also worth mentioning that the Celsius (ICO) conducted shortly before the CEL launch was extremely successful. The team was able to raise $55,000,000 in financing for the project, and people who purchased the Celsius tokens during the initial coin offering were able to enjoy a significant return of investment.
CEL Price History & Token Details
Celsius is an ERC-20 (Ethereum-based) token built on the proof-of-stake algorithm. Since the CEL token utilizes the most popular smart contracts infrastructure in the ecosystem, it can be conveniently purchased on all ETH-based DEXs (decentralized exchanges), as well as securely stored in all crypto wallets supporting the ERC-20 token standard.
Celsius can also be considered one of the best-performing altcoins of the current bull cycle. The price of CEL started to appreciate in September 2020 and massively erupted in December of the same year.
Ever since the Celsius token price action was spectacular, and CEL price reached its all-time high of $8.02 on June 3rd, 2021. So far, Celsius has been able to provide its holders with a return of investment of over 2195%, which means that CEL is a good investment.
Celsius Price Predictions Made by the Crypto Community
|Year||Predicted Forecast||High Forecast|
Everyone seems to agree on one thing: Celsius is a good investment and the CEL token price will continue to rise. However, specific CEL price forecasts vary by a lot.
Some of the most bearish predictions claim that Celsius will reach $15 in 2021, but it’s unlikely that the CEL price will achieve higher levels before the year ends. For example, a $15 Celsius price prediction was posted by the popular blockchain investor and DeFi expert going by the name Argos Crypto:
Did I miss something? Comment below 👇🏼
— Argos Crypto (@ArgosCrypto) June 29, 2021
Another rather bearish CEL price forecast is the $20 Celsius price target. The $20 level was mentioned by many renowned members of the crypto community, for example by the blockchain expert Dread Bongo:
Bullish #Crypto Price Predictions 2021 EOY… Because why not 😏$BTC – $115,000$ETH – $5,500$LUNA – $250$QNT – $500$ZCX – $50$HTR – $20$UNI – $100$BNB – $1,000$CEL – $20$ALBT – $5$NOIA – $3.5$AZERO – $10
What's your EOY predictions? 🤔 pic.twitter.com/5EROa8tSiR
— ＤＲＥＡＤ ＢＯＮＧＯ 🌖 (@DreadBong0) May 1, 2021
However, most of the Celsius price predictions posted on Twitter are much more bullish. It seems like a large number of cryptocurrency enthusiasts believe that CEL will be able to trade for around $100 by the end of the year.
One of the people who believe that the Celsius price will surpass $100 in 2021 is blockchain analyst Johnny Gotm, who also lists a number of reasons why he’s convinced CEL will be able to achieve such massive growth. According to Johnny Gotm, the rapidly growing number of active users and heavy investments in Bitcoin mining mean that Celsius is a very good investment, especially since it’s still largely undervalued:
~One of the largest holders of #BTC and #ETH
~BTC mining operation in North America (200M invested)
~Weekly buybacks (makes #CEL bear market resistance ⚡️ie #DURAcel)
~Growing users and AUM
~EOY price prediction $99
Buying @CelsiusNetwork under $10 is a steal
— Johnny Gotm (@JohnnyGotm) June 10, 2021
Another popular profile that shared the $100 Celsius price prediction is The Financer. Furthermore, the Financer has listed CEL as one of the most significant crypto assets of 2021, along with Bitcoin and Ethereum.
Our EOY predictions for #BEC:
– Bitcoin $100,000+
– Ethereum $10,000+
– CEL $100+
What are yours? Comment below 👇
— The Financer (@TheFinancer) June 29, 2021
However, while some people agree that the Celsius price will eventually reach $100 or more, they are not convinced that it will happen by the end of the year. For example, the popular crypto analyst going by the name PlanC believes that Celsius will reach $100 in 2022, and the CEL price at the end of 2021 will be closer to $57.
New Predictions 👨🚀
End of Bull Market Cycle = July 1 to Sept 31, 2022 pic.twitter.com/0875VrSCG1
— Plan©️ – Yield Labs 🔬 (@PlanCDeepDive) June 3, 2021
CEL Price Forecasts According to the Experts
Although many technical analysts agree that Celsius will reach $100 eventually, not all of them are convinced that the CEL price will surpass the $100 by the end of the year. For example, the author of the popular channel Crypto Never Sleeps brings up multiple metrics to back up his opinion that Celsius will only reach $100 or more in 2022, and will more likely trade at around $40 in 2021.
The $40-$50 CEL price range is considered very realistic by most experts. For example, the Celsius price forecast posted by the channel Talking Crypto gives $50 as the most likely Cel price prediction for 2021.
Will Celsius Reach $100?
Celsius will likely reach $100, but it might not be by the end of the year. Although experts agree that CEL has great potential, some of the analysts predict that the Celsius price will reach $100 not earlier than in 2022.
Where to Buy CEL Tokens?
Celsius tokens are available on most Ethereum decentralized exchanges like Uniswap. While CEL tokens can be bought on some centralized exchanges such as FTX or Bittrex, Celsius has not yet been listed on major exchanges like Binance and Coinbase.
Is Celsius a Good Investment?
Celsius is a good investment according to a large number of crypto analysts. It’s a project that has been expanding at an impressive pace, and definitely still has a lot of room for growth. All things considered, CEL seems like a quality token worth looking into in 2021.
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