Celo is a cryptocurrency and blockchain network designed to provide easy, streamlined access to digital assets and cryptocurrencies. Celo aims to make cryptocurrency accessible by establishing a completely decentralized payment system that creates wallets with users’ mobile phone numbers, streamlining the onboarding process. Complete cryptocurrency market coverage with live coin prices, charts and crypto market cap featuring coins on 750 exchanges. Celo is a “mobile-first” cryptocurrency platform making digital currencies easily accessible to iPhone (iOS) and Android phone users. The platform has two native digital currencies — the Celo Dollars (CELO) stablecoin and Celo Gold (CGLD) governance token. Here’s the need-to-know info on the Celo crypto token price, how and where to buy them, and their ticker symbols.
This leading decentralized finance platform is currently being used for an intriguing initiative. Today, it was announced that mobile-focused blockchain Celo is launching a $100 million “DeFi for the People” fund. This fund aims to bring DeFi and dApps to the 6 billion smartphone users globally. Finally, WalletInvestor had a celo price prediction for 2023 that indicated that the coin could have a tough 12 months ahead, with it predicting it to collapse to a mere $0.0824 by December next year. With the coin boosted by the news that the Curve Finance (CRV) protocol was now compatible with Celo, it rallied to reach $0.727 on 4 December.
- It is important to remember that price forecasts, especially when it comes to something as potentially volatile as cryptocurrency, very often turn out to be wrong.
- The Celo ecosystem can be used to issue stablecoins, such as cUSD, via an algorithmic stablecoin collateralization model.
- Today, it was announced that mobile-focused blockchain Celo is launching a $100 million “DeFi for the People” fund.
- The value of shares and ETFs bought through a share dealing account can fall as well as rise, which could mean getting back less than you originally put in.
- Complete cryptocurrency market coverage with live coin prices, charts and crypto market cap featuring coins on 750 exchanges.
The Celo ecosystem can be used to issue stablecoins, such as cUSD, via an algorithmic stablecoin collateralization model. Ultimately, though, this is a question that you will have to answer for yourself. Before you do so, however, you will need to conduct your own research and never invest more money than you can afford to lose because prices can go down as well as up. Before you decide whether or not to invest in celo, you should do your own research, not only on the coin itself, but also on other mobile-related coins and tokens. The current Celo (CGLD) crypto token price is $3.80, making an increase of almost 16% in the last 24 hours.
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CGLD is up 23% over the last seven days, but still down 46% versus its $7.16 all-time high. The Celo (CELO) crypto stablecoin price is $3.77, up more than 10% during today’s trading. CELO is up 41% in the last month, though down 47% against its all-time best of $7.32 achieved in May 2021.
Celo’s core function is to facilitate the seamless transfer of funds between parties using just a mobile phone number, and therefore, uses mobile phone numbers as the public key for Celo wallet addresses. Given the publicity this news has brought, perhaps today’s move in CELO isn’t surprising. However, those interested in what Celo and the cGLD crypto are may be intrigued to learn more. Let’s dive into a few things investors may want to know about this crypto platform. The value of shares and ETFs bought through a share dealing account can fall as well as rise, which could mean getting back less than you originally put in. The platform, which was established in 2017, uses people’s phone numbers and email addresses as public keys, allowing them to be used to prove who people are on the network.
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Indeed, this is an ambitious goal, but it’s one that crypto investors seem to be latching onto. A number of high-profile partners have partnered with Celo to make this happen. Accordingly, various grants, initiatives and incentives will be provided to achieve this aim.
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To check Collective Finance’s price live in the fiat currency of your choice, you can use Crypto.com’s converter feature in the top-right corner of this page. This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.
Chris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective. When celo first https://cryptolisting.org/ came onto the open market in May 2020, it was worth about $2.50 but it quickly dipped to spend the summer around the $1.70 mark. There was a small bull run in August, with it briefly topping $4, but then it settled back down to previous levels. In 2021, though, things changed, as the crypto market boomed and celo responded well, with it reaching a high of $7.24 on 21 April.
Celo now has more than three million wallet addresses across more than 100 countries. It was founded by a large team of contributors from the public and private sectors, technology companies, non-profit organisations and non-governmental organisations. They are involved with pilots, committees and working groups, including with the World Economic Forum, World Bank Group and the Chamber of Digital Commerce.
Collective Finance Price Chart (USD)
Let’s now take a look at some of the celo price predictions that were being made as of 15 December 2022. It is important to remember that price forecasts, especially when it comes to something as potentially cgld crypto price volatile as cryptocurrency, very often turn out to be wrong. Also, many long-term crypto price predictions are made using an algorithm, meaning that they can change at a moment’s notice.
Celo has subsequently drifted down, and on 15 December 2022 it was worth about $0.584. At that time, there were just under 479 million CELO in circulation out of a total supply of one billion. This gave the token a market cap of about $279.7m, making it the 99th largest crypto by that measurement.
Celo crypto tokens explained
The key players behind the platform, however, are GoDaddy executives Rene Reinsberg and Marek Olszewski, along with the MIT professor Sep Kamvar. Let’s not forget that the coin has suffered a recent all-time low, so while it might be uphill from here, things might equally get even worse. An overview showing the statistics of Celo Gold, such as the base and quote currency, the rank, and trading volume. If you are new to crypto, use the Crypto.com University and our Help Center to learn how to start buying Bitcoin, Ethereum, and other cryptocurrencies.
Even high market cap cryptocurrencies can be affected by bear markets. So investors should be prepared to make losses and never purchase more than they can afford to lose. Let’s take a closer look, and also examine some of the celo price predictions that were being made as of 15 December 2022. While sites like CoinsKid are optimistic, the likes of WalletInvestor take a far more downbeat stance on the potential celo future price. Let’s not forget the price predictions very often wind up being wrong and that prices can, and do, go down as well as up. Indeed, Celo is an intriguing cryptocurrency play, for a variety of reasons.