Post
Topic
Board Speculation (Altcoins)
Re: What do you think about CELO coin?
by
dragonvslinux
on 15/12/2021, 23:12:00 UTC
What do you foresee for CELO in the future?

I honestly have no idea, haven't bothered to look into the project that much, though have heard about it.

1- Can Celo coin be pumped soon?

Any coin can be pumped soon. But unless your intent is to trade it for profit, a pump will do you good as an investment.

2- Is CELO coin a suitable crypto to invest in?

Personally, I think not really, at least not based on current price movements. It had a notable 3.5x spike in value in August, and is now nearly back at it's lows:



Now there is a death cross of the 50 & 200 Day MAs. Price is below the majority of trading volume, and the retracement to support has failed. Looks bearish.

If you are looking to invest for the fundamentals, then sure there could be a different outlook, but price-based I don't think it's the best investment.

The USD price doesn't look "as bad", but otherwise looks awful against Ethereum as it makes new all time lows.