Advertiser disclaimer
Advertiser disclaimer
CELO

Celo (CELO) Price Index

$ 0.91225 Ƀ 0.00001768
  • MarketCap
    $ 480,009,412
  • Volume
    $ 67,030,092
  • Change
    4.60%
celoCelo
$ 0.91225
$ 0.91225
4.6%
0,841827
CELO
Celo (CELO)
$ 0.91225
CELO
Celo (CELO)
author
author
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.
By Marcel Deer
author
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.
on January 08, 2023 | 4 min
Updated on Dec 11, 2023

Overview: What is Celo (CELO)?

Celo (CELO) is the native coin of the Celo blockchain, and it is used for governance on the network. The Celo platform aims to be a mobile-first payment infrastructure for cryptocurrencies. Developers can build DApps on the Celo blockchain, and several applications already exist. Celo also has its stablecoin, the Celo Dollar (cUSD).

With its Celo coin, Celo is a mobile-first blockchain development that aims to build a new digital economy accessible to all. It’s also one of the first carbon-neutral blockchains. Let’s discover some basics of the Celo blockchain and Celo coin.

 

What Makes Celo Coin Unique?

The Celo blockchain is one of the first to be carbon-negative. Celo was created, and Celo coin was launched in 2017 by Rene Reinsburg and Marek Olszewski, previously of GoDaddy, and MIT professor Sep Kamvar. Between 2018 and 2020, Celo saw significant investments from selling the Celo token; investors include Social Capital, Andreessen Horowitz, and General Catalyst. The Celo platform and the Celo blockchain mainnet went live in 2020.

The Celo project’s particular focus on mobile access makes it unique. Celo coin can be staked for voting rights for the future and governance of the platform and to earn rewards.

 

What is Celo Coin Used For?

Celo has utility in the Celo Network and is used for governance of the platform through the blockchain’s proof-of-stake (PoS) and byzantine fault tolerance (BFT) consensus mechanism. CELO is also bought, sold, and traded as a digital asset on cryptocurrency exchanges.

 

How Does Celo Coin Work?

The Celo blockchain has Celo Network applications, like its mobile wallet, known as Light Clients. The Celo token is powering the blockchain, which is staked through validator nodes that participate in consensus and validate transactions. CELO holders must vote validator nodes in. The network also has Full Nodes, the bridge between validator nodes and the applications. The full nodes take the transaction requests from the applications (Light Clients) and send them to validator nodes to validate the transactions and produce new blocks.

 

What Factors Determine the Price of Celo?

Celo price is determined by supply and demand. Its utility also influences it in the Celo Network and relies on the success and adoption of Celo blockchain technology.

 

The following factors determine the price of Celo:

 

  • Supply, demand, and scarcity
  • Liquidity
  • Celo market sentiment
  • Cryptocurrency market sentiment
  • Celo blockchain performance and adoption
  • Competing cryptocurrencies and blockchains

 

What is the Celo Coin Price Prediction for 2025?

Although it’s almost impossible to accurately predict the future price of any cryptocurrency, particularly in such a nascent and widely unregulated market, there are many Celo coin price predictions.

At the time of writing, the CELO coin price is $0.54, and it is the 137th cryptocurrency by market capitalization, although it has been in the top 60 before. A CoinCodex Celo coin price prediction for 2025 comes in at between $1.04 and $4.20. In contrast, CoinMarketCap states that predictions for Celo coin price will go to around $3.02 by 2025.

 

How Is the Celo Network Secured?

Nodes and validators secure the Celo Network through its proof-of-stake (PoS) and byzantine fault tolerance (BFT) consensus mechanism. Validators participate in network governance, validate transactions, and propose new blocks on Celo’s blockchain.

 

How Does Celo’s Price Performance Compare to its Peers?

At the time of writing, the CELO price is $0.54, and the crypto is 137th by market capitalization. Celo is different from Ethereum because it focuses on the mobile market. However, compared to Ethereum, the Ether (ETH) price is currently $1,999.58, and the crypto is second by market capitalization. CELO price has followed a similar trajectory to ETH in the markets over the past few years.

 

How to Mine Celo Coin?

The Celo network does not use a proof-of-work (PoW) consensus mechanism, so it cannot be mined like Bitcoin. Celo uses proof-of-work (PoS), meaning that CELO holders can stake CELO coins, providing collateral for network validators and earning rewards.

 

Where Can You Buy Celo ?

If you’re wondering how to buy Celo coin, Celo  is widely traded and available on major cryptocurrency exchanges, including Binance, Coinbase, KuCoin, Bithumb, and Bittrex Global. It’s also available on the decentralized exchange Uniswap and can be found at some CFD brokers.

 

How Can You Store Celo?

The Celo Network has its own cryptocurrency wallet and other wallets support it. The safest long-term storage for Celo is a cold storage option like a hardware wallet device.

 

FAQs

Is Celo coin a good investment?

Investors will decide if Celo  is a good investment based on thorough research of the cryptocurrency and its ecosystem, its competitors, and the cryptocurrency market as a whole. As cryptocurrencies can be incredibly volatile and high-risk, investors must be vigilant of their risk tolerance and only invest what they can afford to lose.

Who created Celo?

Celo was created in 2017 by Rene Reinsburg and Marek Olszewski, previously of GoDaddy, and MIT professor Sep Kamvar. The Celo platform and blockchain mainnet went live in 2020.

Is Celo a coin or a token?

Celo  is a cryptocurrency on its network, the Celo blockchain, but it is also an ERC-20-compliant token.

How many Celo tokens are there?

Celo  has a circulating supply of 518,357,311 CELO coins at the time of writing and a maximum supply of 1 billion.

What will Celo be worth in 2030?

Although it’s almost impossible to predict the future price of any cryptocurrency accurately, there are Celo  coin price predictions. A CoinCodex Celo coin price prediction for 2030 puts the coin at achieving a value of between $3.03 and $3.83

What is Celo’s all-time high?

The all-time high for Celo  was $7.26, achieved in October 2021 when the entire cryptocurrency market reached significant highs.

Is Celo built on Ethereum?

Celo  is the native coin of the Celo blockchain, its network. Celo is not built on Ethereum, but the CELO coin is also an Ethereum ERC-20 token.

Is Celo listed on Binance?

Yes, Celo  is listed on Binance and other major cryptocurrency exchanges, including Coinbase and KuCoin. It’s also available on the decentralized exchange Uniswap and can be found at CFD brokers.

What makes Celo different from other blockchains?

The Celo blockchain is a smart contract blockchain. However, Celo is focusing on the mobile market, and the project aims to be a payment infrastructure for cryptocurrencies. Developers can build their DApps on the Celo network.

author
About Marcel Deer
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.
bitcoinBitcoin
$ 51,585.82
$ 51,585.82
0.18%
ethereumEthereum
$ 3,107.93
$ 3,107.93
2.56%
tetherTether
$ 1.00
$ 1.00
0.01%
usd-coinUSDC
$ 1.00
$ 1.00
0.01%
cardanoCardano
$ 0.586541
$ 0.586541
1.35%
binance-usdBUSD
$ 1.00
$ 1.00
0.04%