What Is Celo (CELO)?
Celo is a blockchain ecosystem focused on increasing cryptocurrency adoption among smartphone users.
By using phone numbers as public keys, Celo hopes to introduce the world’s billions of smartphone owners, including those without banking access, to transacting in cryptocurrency.
The network also allows for the creation of smart contracts and decentralized applications (DApps) as part of decentralized finance (DeFi). Its mainnet was launched in April 2020.
The platform has two native tokens. CELO is a proof-of-stake (PoS) token used for transaction fees, governance participation and related activities. In future, the platform aims to host various stablecoins, with three, the Celo Dollar (CUSD), the Celo Euro (CEUR) and the Celo Brazilian Real (CREAL) already in use.
Who Are the Founders of Celo?
Celo was originally founded by a team comprised of people from MIT, Stanford, Google, Square, Circle, Visa, GoDaddy, World Bank, Federal Reserve Bank, Harvard University, University of Pennsylvania Law School, Cambridge University, U.S. Department of Justice, Bank Of America, Capital One, Twitter, Give Directly, and the Gates Foundation
Separate entities are aimed at Celo’s promotion and preservation. The dedicated Celo Foundation is a non-profit which launched along with the mainnet, while the Celo Alliance for Prosperity is what the company describes as an “ecosystem of mission-aligned organizations.”
Celo Price Prediction
If you’re looking for Celo price predictions for 2022, 2023, 2024, 2025, 2030 and want to know where the prices of Celo (CELO) will go in the future? We will analyze the past prices of Celo (CELO) and will found out what experts are saying about its future price actions.
Please keep that in mind you need to take this prediction and every other prediction with the intention that this is only the suggestion of some market expert/analysts.
Not to mention predicting something so perfect is completely impossible. But we will try our best. Let’s start.
|Year||Minimum Price||Average Price||Maximum Price|
|USD Price||$ 5.25|
|24h Volume||$ 121,577,638|
Celo (CELO) Price Prediction
At reconshell.com we predict future Celo price predictions/CELO forecast by applying deep artificial intelligence-assisted technical Analysis on the past price data of Celo. We do our best to collect maximum historical data for the CELO coin which include multiple parameters like past price, Celo marketcap, Celo volume and few more. If you are looking to invest in digital cryptocurrencies and want good return on your investments, make sure to read our predictions.
Celo Price Prediction 2022
According to our deep technical analysis on past price data of CELO, In 2022 the price of Celo is predicted to reach at a minimum level of $6.60. The CELO price can reach a maximum level of $8.07 with the average trading price of $6.84.
Celo Price Prediction 2023
The price of Celo is predicted to reach at a minimum level of $9.59 in 2023. The Celo price can reach a maximum level of $11.56 with the average price of $9.94 throughout 2023.
CELO Price Forecast for 2024-2025
As per the forecast price and technical analysis, In 2024 the price of Celo is predicted to reach at a minimum level of $13.25. The CELO price can reach a maximum level of $16.59 with the average trading price of $13.75.
The price of 1 Celo is expected to reach at a minimum level of $18.91 in 2025. The CELO price can reach a maximum level of $23.09 with the average price of $19.60 throughout 2025.
Celo Price Prediction 2026
Celo price is forecast to reach a lowest possible level of $28.53 in 2026. As per our findings, the CELO price could reach a maximum possible level of $32.72 with the average forecast price of $29.31.
Celo Price Prediction 2027
According to our deep technical analysis on past price data of CELO, In 2027 the price of Celo is forecasted to be at around a minimum value of $39.79. The Celo price value can reach a maximum of $48.93 with the average trading value of $40.97 in USD.
Celo (CELO) Price Prediction 2028
The price of Celo is predicted to reach at a minimum value of $60.44 in 2028. The Celo price could reach a maximum value of $69.11 with the average trading price of $62.49 throughout 2028.
Celo Price Prediction/Forecast 2029
As per the forecast and technical analysis, In 2029 the price of Celo is expected to reach at a minimum price value of $87.67. The CELO price can reach a maximum price value of $106.96 with the average value of $90.79.
Celo (CELO) Price Prediction 2030
The price of Celo is predicted to reach at a minimum value of $127.37 in 2030. The Celo price could reach a maximum value of $153.12 with the average trading price of $131.91 throughout 2030.
Celo Price Prediction 2031
Celo price is forecast to reach a lowest possible level of $195.88 in 2031. As per our findings, the CELO price could reach a maximum possible level of $219.03 with the average forecast price of $201.16.
What Makes Celo Unique?
Celo’s main unique selling point lies in its focus on smartphone users. The company argues that the number of smartphone owners is increasing exponentially, but the number of people using cryptocurrency is rising at a much slower pace.
Cryptocurrency is further highly suited to regions in which a large section of the population does not have access to the banking sector, but still has a smartphone.
Bridging the gap between the two technologies is what Celo aims to do, along with harnessing the benefits of DeFi by supporting the creation of DApps and smart contracts.
Optimized for mobile, the Celo blockchain automatically calculates transaction fees, and also allows users to pay the gas fees which power transactions in any currency.
How Many Celo (CELO) Coins Are There in Circulation?
CELO and CUSD perform complementary functions within the Celo platform.
CELO has a capped supply of 1 billion (1,000,000,000) tokens, of which 600 million were available when the mainnet launched in April 2020.
The last 40% of the supply will be released gradually via fees and rewards, and various vesting schedules are in place depending on how initial investors received their tokens.
In addition, up to 120 million CELO will go towards a reserve designed to maintain the validity and price stability of CUSD. As a stablecoin, CUSD is envisioned as a convenient payment method for Celo users who will not have to worry about their holdings fluctuating in value.
How Is the Celo Network Secured?
Celo uses proof-of-stake to maintain security, and has a complex election process to determine validators of its blockchain.
Holders of CELO are able to use their holdings as a means of participating in elections by voting for groups of validators.
Where Can You Buy Celo (CELO)?
CELO is a freely tradable cryptocurrency on the ERC-20 token standard, available at various major exchanges. These include Coinbase Pro and Bittrex, with cryptocurrency, stablecoin and fiat pairs in use.