Celo is a Protocol, or standard, for building decentralized applications with end-to-end encryption. It is intended to address privacy and security concerns that have arisen from centralized systems like Facebook, Google+, and others in recent years. To this end, Celo is not just an app but rather a platform for developers to build their apps using the protocol for all manner of purposes. The price prediction for Celo Protocol currently depends on several factors still in flux. First and foremost are the team behind the project; if they are competent and trustworthy then investors will be more willing to buy at higher prices because they will feel confident that the project will succeed.

The next important factors will be the number of users and the number of app developers. These are all factors that cannot be ascertained at this point. However, what we do know is that the present state of the cryptocurrency market is a positive one, with Bitcoin continuing its well-publicized bull run into the stratosphere and most altcoins following suit. Furthermore, Celo has a lot going for it as a project; it has been around since late 2017 and has not had any problems or scandals to this point.

What is Celo Protocol?

Celo Protocol is a blockchain-based protocol that works across a wide variety of blockchain applications and platforms. It aims to address privacy and security concerns that have arisen in recent years, as well as provide a practical solution for decentralization. What this means is that people will be able to build their decentralized apps using Celo, while simultaneously having the option of giving others access to them through Celo without having to worry about the safety and privacy of the data. The platform provides users with an easy way to secure their data against hacking attacks and other unauthorized access from third parties. It also lets users control who can access what data. Celery Pay is the first application to be built on top of the Celo Protocol.

It is a decentralized peer-to-peer marketplace that works similarly to other apps like Venmo and PayPal, but with blockchain technology making it more secure, private, and decentralized. The app aims to tackle three main issues that have arisen in recent years, which are:

Celo price prediction

There is no solid price prediction for Celo Protocol or Celo (XEL) at present. We can make a few educated guesses about what we might expect, however. First, we cannot be sure how long it will take for the price of the token to reach the target price. The value of the XEL token has been rising steadily since its inception, though only recently have we seen some major fluctuations in its value. The team behind this project is not actively talking about funding requests or ICOs and there has not been any news that points to future funding, so it seems unlikely that there will be lofty funding goals that could affect its valuation at present.

Second, there are no major factors that would significantly affect the value of Celo. The first app built on top of the platform is not yet available, so there are no big opportunities for investors to profit by buying while it’s still in development. The project’s social media accounts have been active, so there haven’t been any major controversies or scandals that would drive investors away. Third, the team behind this project is dedicated and focused on building a quality product. This means that when it does finally go live, it will be ready to meet market demand.

What does the price prediction look like for Celo Protocol?

It is possible to make a preliminary estimate of how the price of the XEL token will develop in the future. We have already seen that its value has changed dramatically over a short period, so we should expect more fluctuations in the future. The potential for short-term price increases is there because major investors are likely to be interested in buying it for investment purposes, thus adding significantly to its value. However, its long-term viability is still up in the air, so it will be difficult to predict its future value with any degree of accuracy at this stage.

The post What does the price prediction look like for Celo Protocol? appeared first on The Digital Weekly.