Celo

CELO

USD

$0.548496 ≈ $ 0.548496

+￥5204,24 -2.3% 1D

1D 1M 1Y ALL

Updated: 2023-06-04

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Market Cap (USD)	275.06M
24H Volume	7.88M
Circulating Supply	501.73M CELO
Maximum supply	1000M CELO
All Time High	9.82
Rank	135

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About Celo (CELO)

CELO is a proof-of-stake (PoS) token used for transaction fees, governance participation, and related activities on the Celo blockchain ecosystem. It is also the most basic currency in its blockchain ecosystem, which can be used for exchanges or democratic elections. Holders of CELO coins can also vote to govern the Celo platform.

How Celo CELO works
At the heart of Celo is a proof-of-participation governance mechanism called Byzantine Fault Tolerance (BFT), which keeps a distributed network of computers in sync. In order for validator nodes to trigger the blockchain and vote on changes, users must first stake at least 10.000 CELO tokens, which means that anyone with CELO can help run the network.

Celo's platform operates in three ways: First, Celo Network application can run on a user's mobile device, such as Celo's mobile wallet. Second, computers that participate in the Celo consensus mechanism, verify transactions and generate new blocks that can run the application. Finally, the computer that acts as a bridge between the validator node and the mobile wallet, receives requests from lightweight clients and forwards transactions to the validator node.

The Celo blockchain ecosystem is the first company to use stablecoins as a medium of exchange and mobile wallets as a means of payment. Meanwhile, it has adapted its proof-of-stake (PoS) blockchain to optimize blocks for mobile synchronization, and its network's Gas fees can be paid in multiple currencies, thus accommodating users with multiple assets.

What is Celo CELO?
Celo is a blockchain-based decentralized stablecoin and financial application platform that enables everyone to conduct financial business globally through the ability to send payments to any phone number anywhere in the world. It focuses on increasing encryption usage among smartphone users.

The blockchain ecosystem was founded in 2017 by executives Rene Reinsberg and Marek Olszewski of web hosting company GoDaddy, and MIT professors and Google executives Sep Kamvar and Marek Olszewski. It has notable investors including venture capital firms: a16z Crypto, General Catalyst and Social Capital.

By using phone numbers as public keys, the Celo blockchain ecosystem hopes to incentivize billions of smartphone users around the world, including those without access to banking services, goods and cryptocurrency transactions.

The Celo blockchain ecosystem consists of Celo Protocol - a proof-of-stake blockchain protocol that uses a simple phone number and email address as a public key, cUSD (Celo dollar) - a stablecoin pegged to the US dollar, Secured by a reserve of crypto assets, and Celo Developer Wallet - send, receive and exchange cUSD and CELO test tokens using a decentralized phone number verification.

Celo CELO Crypto Wallet
In addition to placing CELO in the Gate.io exchange to facilitate trading, CELO can also be placed in the crypto wallet.

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Celo Market

Currency	Price	24h Change	Action
CELO /USDT 3X Margin	$0.548496	-2.3%	Trade
CELO /USDT Perpetual	$0.5511	-1.20%	Trade
CELO /USDT Spot	$0.548496	-2.3%	Trade

Celo(CELO) Links

Celo (CELO) link Source code download
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Celo FAQs

1. What determines the price of Celo?

There are two schools of thought in determining the price of Celo.

By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Celo, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Celo from a long term perspective.

By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Celo on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Celo as well.

HODLers tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Celo and the cryptocurrency market as a whole.
2. What is the highest price of Celo in history?

Celo achieved the all-time high of $9.82 in 2021-08-30, and is currently trading at $0.55.
3. What is the lowest price of Celo in history?

In 2022-10-21, Celo reached the all-time low of $0.40.
4. Should I buy Celo now?

It is important to remember that Celo, like all other cryptocurrencies, are subject to extreme market conditions, legal policies, project team management and other unpredictable factors. As such, cryptocurrencies fluctuate greatly and it is important to manage your own risk level. Users are advised to do your own research when making investment decisions in the crypto market.