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See the live Celo price in USD. Buy Celo or add it to your Crypto Strategy.

Celo

CELO

CELO to USD Price

$0.5970

Celo Market Cap

$322.11M

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CELO USD price chart / performance

CELO USD price chart / performance

From
Jun 14, 2024
To
Jun 21, 2024
Past performanceis not indicative of future results. USD ($) currency fluctuations can cause returns to go up or down. Returns shown are before fees.See feesandasset data disclosurefor more details.

Returns

Returns

Return (24h)
+1.32%
Return (7D)
-13.45%
Return (1M)
-33.82%
Return (1Y)
+42.65%

My Investment

My Investment

Profit Taken
$0.00
0.00%
You Have:
$0.00
Unrealised P/L
$0.00
0.00%

Celo (CELO) History and Overview

Celo (CELO) History and Overview

Celo is a blockchain platform designed to facilitate global financial inclusion by enabling easy access to cryptocurrency transactions for mobile users. Launched in 2017 by a team with a strong background in technology and innovation, Celo emphasizes user-friendliness and accessibility, aiming to make digital currencies available to anyone with a mobile phone.

Core Features and Tokenomics

Celo supports a dual-token system: CELO, a governance token that allows holders to participate in network decisions, and Celo Dollars (cUSD), a stablecoin pegged to the US dollar to mitigate the volatility typically associated with cryptocurrencies. This structure is intended to provide both a stable means of transaction and a method for stakeholders to guide the network's evolution. CELO's governance model involves a Proof of Stake (PoS) consensus mechanism, where token holders can vote on network upgrades and proposals, enhancing community involvement and network security.

Operational Mechanism

The Celo network operates through a series of light clients, validator nodes, and full nodes. Validator nodes, elected by CELO holders, are responsible for validating transactions and maintaining the blockchain’s integrity. This decentralized model is powered by Celo's unique consensus algorithm, Byzantine Fault Tolerance (BFT), which ensures system reliability and security. Celo’s infrastructure also supports the development of decentralized applications (dApps), which range from financial tools to platforms for social engagement.

Stability and Exchange Mechanism

A significant feature of Celo is its focus on stablecoins like cUSD, which are backed by a reserve of CELO and other cryptocurrencies. This reserve maintains the peg of cUSD to the US dollar, ensuring that users can enjoy the benefits of digital currency without the typical price fluctuations. Looking forward, Celo plans to expand its stablecoin offerings to include other fiat currencies, potentially increasing its global utility and reach.

Community and Social Impact

Celo is not just a financial platform; it also aims to address social issues. It supports projects like universal basic income (UBI) programs and crowdfunding platforms for social causes, leveraging blockchain technology to foster community development and engagement. This aligns with Celo’s mission to use technology for social good, setting it apart from many other blockchain initiatives.

Celo’s Market Position and Future Outlook

As of its latest developments, Celo continues to push the boundaries of blockchain accessibility with plans to integrate further with the Ethereum ecosystem, improve scalability, and enhance user experience through advanced developer tools. With its commitment to sustainability and community empowerment, including carbon-negative operations, Celo is positioning itself as a leader in socially-responsible blockchain technology.

Regulatory Compliance and Security Features

Celo’s design incorporates address-based encryption, which allows users to generate and manage their own private/public keys linked to their phone numbers, simplifying transactions while enhancing security.

How To Buy Celo or Add it to your Strategy

The fastest, most convenient way to purchase Celo is to purchase it on ICONOMI. We check Celo live prices on 10+ crypto exchanges and buy it at the best market price.

You can buy Celo by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.

We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if Celo is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).

If you are unfamiliar with analyzing cryptocurrency prices and want to buy Celo, we recommend you read the next section, as copying might be a better approach.

Add Celo to your portfolio by copying a Strategy

If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Celo in their structure.

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Celo Price FAQ

What Is the Highest Price of Celo (CELO) in USD?

Celo (CELO) price history shows the highest value of 7.50 USD . We recorded this price on September 25, 2021, but we cannot exclude that a higher price was registered before September 9, 2021.

What Is the Lowest Price of Celo (CELO) in USD?
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