2022-12-29 20:07 |
In this guide, we will voice our own and market’s opinion on CELR future while discussing Celer Network price forecast for 2023 and beyond.
Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like Celer Network.
Now, let’s head into it. Before we delve deep into the Celer Network price prediction and answer questions if CELR is a good investment or not, why will CELR succeed or fail or why will Celer Network price rise or drop, let’s quickly throw a glance at what is CELR and its to date history.
What is Celer Network?Launched in March 2019, Celer Network (CELR) is a Layer 2 scaling solution utilizing smart contracts and bringing transactions off-chain to provide fast and low-cost blockchain applications to major blockchains.
Use cases for CELR tokenCELR’s primary use case is as a platform currency, but it can also be used for other functions such as:
Proof of liquidity (PoLC) PoLC is a virtual mining process that provides liquidity for the off-chain ecosystem. Users who lock up CELR tokens for some time are later rewarded with more CELR tokens.State Guardian Network (SGN)SGN is a unique side chain that allows any user to submit their state before going offline to have it protected for a period of time. Users pay a fee for this protection. CELR token holders can stake their tokens to earn service fees for providing protection. CELR Price Prediction For The Next 90 DaysThe whole crypto world is on a verge of a complete breakdown. Bitcoin has fallen 75% from its all-time high amid broader market declines caused by raging inflation and US Fed rate hikes. When add the most recent melt-downs of huge industry players (FTX, Celsius, Luna etc) into the equation, the horizont is murky and there will be more blood on the streets of the crypto town. Investors are selling risky assets and moving into more stable markets. Crypto is still perceived as a very risky play and hence the sell off. Our algo still sees a some green in 2023, especially in the second part of the year. This is reflected in our 2023 predictions. Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend. Once Bitcoin settles in the new price range, altcoins will start to do the same - we have witnessed this scenario dozens of times in the distant and more recent history. Our price prediction model is bearish for the next 90 days with a hint of a bull market at the turn of the quarters from Q1 to Q2. We expect whales and other bigger players in the market to finish filling their bags around that time which will cause a typical and sudden crypto spike. CaptainAltcoin team created a price prediction model with a multi-faceted approach to crypto that takes into account both technical analysis and fundamental assessment of each project. Fundamentals that we evaluate are team, tokenomics, use case, community, marketing efforts, liquidity and exchange availability, hype & speculative potential and some other proprietary factors developed in our crypto lab.
Below is a tabular overview of how will CELR develop in the short-term (for the next 90 days), according to our prediction model:
Celer Network Price Prediction 2023
High inflation and extremely unsafe macro situation reflected heavily on Bitcoin price in 2022. When we take the internal crypto troubles with big players like FTX, Celsius, Voyager, Luna going down, 2023 is not looking too good for the bulls. We will probably see a lot of boring sideways price action with a tendency to slip lower with each minor market tremor.
CaptainAltcoin’s prediction model takes market sentiment into an account and reacts accordingly. Below is a month-by-month breakdown of the last months of 2022 and 2023:
Our prediction model sees CELR reaching $ 0.0290 in 2025.
What will CELR be worth in 5 years?The price of CELR in 5 years could lie around $ 0.0227, according to CaptainAltcoin’s prediction model.
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