Celadon Coin (CELA) is a new alt coin with a ton of potential. The utility and the ecosystem to be built around CELA appears to have potential compared to the likes of Cardano, Polygon, and XRP. Although the CELA ecosystem is not developed like the others mentioned, Celadon Coin has the opportunity to become a 100x gem.
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Celadon Coin Price
At the time of this article, the price of CELA is currently hovering around the $0.0004xxx mark. Although the alt coin is in the early stages and more difficult to forecast based on speculation alone, there are other coins we can look to that can help us predict the future value based on their utility and supply.
Where’s the Value?
The value doesn’t just lie in the utility or promise of a robust ecosystem. There’s value in the deflationary characteristics embedded in the smart contract. Buy back and anti whale measures have been put in place to help maintain value as well as protect holders. The large ecosystem will help mitigate some of the risks of overtime.
The initial CELA supply was 1,000,000,000 with 100,000,000 being burned at launch, immediately reducing the circulating supply to 900,000,000. Compared to other tokens with extensive ecosystems, CELA circulating supply is significantly smaller. The utility, ecosystem, and deflationary characteristics give this coin intrinsic value.
Comparable ALT Coins
XRP, Polygon, and Cardano all have well-integrated ecosystems and proven utility. XRP is centered around real-time transactions, Polygon has built a framework designed to relieve some of the stress points on the Ethereum platform, and Cardano’s ecosystem consists of a secure network that fosters the development of financial and social dAPPs. All three of these tokens have a much more abundant supply than CELA yet their price performance has continued to remain positive since inception.
CELA Price Prediction 2022
Celadon has a bullish outlook throughout the rest of the year. As the ecosystem grows and the CELA mobile wallet is launched in the coming weeks, it has the potential to gain traction quickly. Based on the momentum CELA will gain, it can be expected to be $0.001 at the end of 2022.
CELA Price Prediction 2025
The success of this coin will be determined by how well CELA’s ecosystem is developed and how well the applications are executed. Because of the very low supply, scarcity has the potential to play a major role in driving the value of the coin. The low supply coupled with the coin’s utility could see a price of $1 – $5 by 2025.
Will CELA 100x?
The potential is there to be a 100x alt coin. Looking at the 3 comparable alt coins, their values are derived from their applications and ecosystems. The success of the coin and whether CELA will be the next 100x gem in the crypto space all depends on how well and how effective the ecosystem is utilized. Regardless, Celadon is an alt coin that should be on everybody’s 100x gem watchlist.