What Is Celsius (CEL)?
Celsius (CEL) is an all-in-one banking and financial services platform for cryptocurrency users.
Launched in June 2018, it offers rewards for depositing cryptocurrency, along with services such as loans and wallet-style payments.
Users of the platform receive regular payouts and interest on their holdings. Celsius’ native token, CEL, performs a variety of internal functions, including boosting user payouts if used as the payment currency.
Who Are the Founders of Celsius?
Celsius originally came into being as the product of creators Alex Mashinsky and Daniel Leon in 2017.
Mashinsky has a long-running history in the internet development sphere, having worked on the Voice Over Internet Protocol (VOIP) in the 1990s and other technologies since. Celsius is far from Mashinsky’s first corporate venture, with seven startups and 35 patents to his name, the project’s official website states.
Co-founder and COO Daniel Leon meanwhile has experience focusing on growing early-stage startups. His previous roles include being CEO of Atlis Labs, a social recommendation and discovery app which used real-time user referrals.
Celsius now has a large team of core employees, technical developers and advisors with experience in various spheres.
Celsius Price Prediction
If you’re looking for Celsius price predictions for 2022, 2023, 2024, 2025, 2030 and want to know where the prices of Celsius (CEL) will go in the future? We will analyze the past prices of Celsius (CEL) and will found out what experts are saying about its future price actions.
Please keep that in mind you need to take this prediction and every other prediction with the intention that this is only the suggestion of some market expert/analysts.
Not to mention predicting something so perfect is completely impossible. But we will try our best. Let’s start.
|Year||Minimum Price||Average Price||Maximum Price|
|USD Price||$ 2.58|
|24h Volume||$ 16,193,697|
Celsius (CEL) Price Prediction
At reconshell.com we predict future Celsius price predictions/CEL forecast by applying deep artificial intelligence-assisted technical Analysis on the past price data of Celsius. We do our best to collect maximum historical data for the CEL coin which include multiple parameters like past price, Celsius marketcap, Celsius volume and few more. If you are looking to invest in digital cryptocurrencies and want good return on your investments, make sure to read our predictions.
Celsius Price Prediction 2022
According to our deep technical analysis on past price data of CEL, In 2022 the price of Celsius is predicted to reach at a minimum level of $3.68. The CEL price can reach a maximum level of $4.50 with the average trading price of $3.81.
Celsius Price Prediction 2023
The price of Celsius is predicted to reach at a minimum level of $5.28 in 2023. The Celsius price can reach a maximum level of $6.62 with the average price of $5.43 throughout 2023.
CEL Price Forecast for 2024-2025
As per the forecast price and technical analysis, In 2024 the price of Celsius is predicted to reach at a minimum level of $7.77. The CEL price can reach a maximum level of $9.05 with the average trading price of $8.05.
The price of 1 Celsius is expected to reach at a minimum level of $11.60 in 2025. The CEL price can reach a maximum level of $13.75 with the average price of $11.92 throughout 2025.
Celsius Price Prediction 2026
Celsius price is forecast to reach a lowest possible level of $16.07 in 2026. As per our findings, the CEL price could reach a maximum possible level of $19.92 with the average forecast price of $16.66.
Celsius Price Prediction 2027
According to our deep technical analysis on past price data of CEL, In 2027 the price of Celsius is forecasted to be at around a minimum value of $22.85. The Celsius price value can reach a maximum of $27.50 with the average trading value of $23.51 in USD.
Celsius (CEL) Price Prediction 2028
The price of Celsius is predicted to reach at a minimum value of $31.92 in 2028. The Celsius price could reach a maximum value of $39.22 with the average trading price of $32.86 throughout 2028.
Celsius Price Prediction/Forecast 2029
As per the forecast and technical analysis, In 2029 the price of Celsius is expected to reach at a minimum price value of $46.90. The CEL price can reach a maximum price value of $56.00 with the average value of $48.21.
Celsius (CEL) Price Prediction 2030
The price of Celsius is predicted to reach at a minimum value of $69.51 in 2030. The Celsius price could reach a maximum value of $82.79 with the average trading price of $71.44 throughout 2030.
Celsius Price Prediction 2031
Celsius price is forecast to reach a lowest possible level of $97.24 in 2031. As per our findings, the CEL price could reach a maximum possible level of $119.48 with the average forecast price of $100.82.
What Makes Celsius Unique?
Celsius aims to outperform banks at their own game by offering financial services on the kind of terms which traditional financial institutions no longer offer.
These include much higher rates of returns on savings and deposits, much easier and fairer loan requirements and automated rewards computed for each user algorithmically. Penalties and bank-style fees are also waived.
The platform also functions as a wallet via its CelPay feature, and hosts its own CEL token which users can leverage to increase payout value among other things.
As a for-profit company, Celsius takes a cut of profit margins on interest payments, still returning 80% to users themselves. The company also lends to institutional entities such as hedge funds.
Payments are ensured because loans are asset-backed, and any borrower must supply more than 100% of what they borrow in the destination currency.
How Many Celsius (CEL) Coins Are There in Circulation?
The native token of Celsius is CEL. It performs a number of user-related functions and is freely tradable outside the platform.
CEL has a maximum supply of 695,658,161 tokens, of which 76% are in circulation and 24% are locked according to a schedule laid out in the project’s technical literature.
CEL had an initial coin offering (ICO) in May 2018. The presale and crowdsale took 50% of the token supply, with 27% going to the treasury, 19% to the team and 2% to partners and advertisers respectively.
CEL is an ERC-20 standard token on Ethereum.
How Is the Celsius Network Secured?
Celsius uses a modified proof-of-stake algorithm for its token, while broader security procedures were outlined in a dedicated presentation in June 2020, still available on the company’s website.
As with any client-orientated wallet, the risk of theft from attacks such as SIM-swapping is present if users themselves do not have adequate protections in place such as two-factor authentication.
Where Can You Buy Celsius (CEL)?
CEL is a publicly-tradable token on major exchanges, with pairs available for cryptocurrencies and stablecoins.
As of October 2020, automated market makers (AMMs) held the lion’s share of trading volume, with popular pairs being for Bitcoin (BTC) and Wrapped Ether (WETH).