Can CELO Outperform the Crypto Market: Price Forecast for 2024-29

Celo is a blockchain platform that claims to be carbon negative. It offsets carbon carbon emissions more than it produces.  It has a rich ecosystem of global partners that build decentralized apps on the Celo platform. 

These dApps use technology stack available on the Celo Platform. It also includes CELO governance assets.  The Celo platform is compatible with another blockchain platform called Ethereum and has many authenticators from different companies

The CELO/USD daily chart showcases a price drop in the recent sessions. The price seems to be taking a short term pullback after the recent surge. The bulls are in control of the price trend. However, the recent pullback seems to be a profit booking after a bull run. 

Moreover, the trend analysis shows that the price trend currently favors the buyers. The technical indicators are bullish and signify the continuation of the trend. The price may show short term correction to follow the long term trend.

Celo Price Prediction 2024

The analysts are bullish over the price outlook in the long term and estimate the Celo price to reach a high of $1.30, indicating an upside potential of over 70.30%. The pessimistic outlook of the analysts hopes the price may reach $1.044.  

Celo Price Prediction 2025

Over the next two years, the optimistic view of analysts expects that the CELO token price may attain $1.76. Its minimum forecasted price by the end of 2025 is $1.24.

Celo Price Prediction 2026 

The Celo cryptocurrency price may reach a high of $2.37 if an optimistic trend prevails in the crypto market. On the flip side, the pessimistic view of the analysts expects the price to reach $1.82 by 2026.

Celo Price Prediction 2027

According to the analysts’ price prediction for the year 2027, the most optimistic view of analysts for the Celo token estimates a price target of $2.96. The minimum price target that CELO may achieve by 2027 is $2.274. 

Celo Price Prediction 2028

The analysts are optimistic about Celo cryptocurrency in the upcoming years and predict that the price could advance to $3.46 in the next four years. However, the pessimistic analysts expect the price to reach a high of $2.725.

Celo Price Prediction 2029

As per the analysts, the most optimistic target that the Celo crypto price may achieve is $4.136. While the minimum analyst price target is $3.396 by the end of 2029.

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss. 

Steefan George is a crypto and blockchain enthusiast, with a remarkable grasp on market and technology. Having a graduate degree in computer science and an MBA in BFSI, he is an excellent technology writer at The Coin Republic. He is passionate about getting a billion of the human population onto Web3. His principle is to write like “explaining to a 6-year old”, so that a layman can learn the potential of, and get benefitted from this revolutionary technology.