Celo Price

$0.663 -1.632%

Market cap$671,000,000.15

Volume (24h)$29,744,075.02

Highest price (24h)$0.686

Circulating supply1,000,000,000 CELO

About

Why track CELO price?

Celo has emerged as a unique mobile-first platform aiming to increase cryptocurrency adoption among smartphone users globally. Monitoring its price is essential for several reasons:

Financial Inclusion: Celo’s mission to connect people with financial assets means its adoption rate directly impacts its value.
Utility: As Celo provides a utility within its ecosystem for staking and governance, its demand and consequently its price is influenced by the platform's user activity.
Staking Returns: With the possibility of earning rewards through staking, the price of Celo can determine the profitability of such actions.

If you want to buy CELO at a good price, the Paybis Celo price tracker is a free tool at your disposal.

What info is displayed on the CELO price chart?

Paybis's CELO price USD chart showcases the following details:

Live CELO price
Current Market Cap of CELO
24hr Volume of CELO
The highest price of CELO in the last 24 hours
Circulating supply of CELO
Price of Celo in 50+ fiat currencies

This data ensures a well-rounded perspective of CELO's market performance.

Celo price history

A brief chronicle of Celo price history movement:

2020: The CELO token was first offered for sale in an Initial Coin Offering (ICO) in May 2020. The ICO price was $1 per token.
2021: CELO price started to rise in early 2021, reaching an all-time high of $10.66 on August 30, 2021. This was due to a number of factors, including the growing popularity of decentralized finance (DeFi) and the increasing adoption of CELO by developers.
2022: CELO price started to decline in early 2022, along with the rest of the cryptocurrency market. The decline was due to a number of factors, including the TerraUSD (UST) depeg and the overall economic uncertainty caused by the COVID-19 pandemic.

Celo price today

Celo stands distinct in the crypto realm with its mobile-first approach, ensuring easier access to financial assets for smartphone users globally.
Celo price today mirrors its ongoing traction and the market's sentiment towards its ambitious goals. The token, CELO, embodies the pulse of an ecosystem that's simultaneously expanding its features and user base.
On Paybis, users are presented with the most up-to-date CELO price, derived from real-time data and comprehensive market analysis. The platform's transparent and swift tracking mechanism is particularly beneficial for those keen on gauging short-term price fluctuations.
Further, potential investors and current holders can utilize the price displayed to make timely decisions. Whether you're contemplating a fresh buy, looking to sell, or simply keeping tabs, Paybis provides a clear snapshot of CELO's current market value.
Remember, as the crypto climate remains inherently volatile, constant vigilance is the key to capitalizing on opportunities.
With Paybis, you can even convert CELO to USD.

Analyzing Celo price trends

To make strategic CELO investment decisions, understanding its influencing factors is pivotal. Platform updates, DeFi adoption, regulatory changes, and global market sentiments can all play a role.
Paybis’s live CELO price chart offers an intuitive platform for tracking both immediate price shifts and long-term trends. Here's how:

Real-time Updates: The Paybis chart is continuously updated, ensuring you're viewing the current CELO price trends as they unfold. This can be crucial for timely investment decisions.
Historical Analysis: Track CELO's performance over various durations - daily, weekly, monthly, or annually. This panoramic view provides insights into CELO’s long-term performance, helping forecast potential future trajectories.
Volume Indicators: Monitor CELO's trading volume. High volumes often indicate strong market interest, while sudden volume spikes can suggest upcoming volatility.
User-friendly Interface: Designed for both beginners and seasoned traders, Paybis's interface is intuitive, making complex data easily digestible.

Try the Paybis CELO calculator and price chart today.

How will CELO price change in the future?

The trajectory of CELO's price is subject to a multitude of factors, including platform adoption, crypto trends, and global economic conditions.
While Celo's unique value proposition bodes well, thorough research or expert consultation is advised before making investment decisions.

What is Celo?

Celo is a blockchain protocol that aims to make financial services more accessible to everyone, regardless of their location or economic status. It does this by using a mobile-first approach and by issuing a stablecoin, Celo Dollars (cUSD), that is pegged to the US dollar.
Celo uses a Proof-of-Stake (PoS) consensus mechanism, which means that anyone with CELO tokens can participate in securing the network and earning rewards. This makes Celo more decentralized than some other blockchain protocols, such as Bitcoin and Ethereum.
Celo has a number of features that make it well-suited for mobile payments, including:

Fast and affordable transactions: Celo transactions are processed quickly and cheaply, making them ideal for small payments.
Global reach: Celo is designed to be accessible to people all over the world, regardless of their location or economic status.
Easy to use: Celo is designed to be easy to use for people who are not familiar with cryptocurrency.

Who invented Celo?

Celo was the brainchild of a dedicated team, including Rene Reinsberg and Marek Olszewski, who were driven to simplify cryptocurrency access for mobile users around the globe.

How Celo works

Celo’s primary mechanism revolves around:

Mobile-first Approach: Making sending/receiving crypto as easy as a text message.
Stablecoins: The platform features stablecoins like cUSD to reduce price volatility, enhancing user experience.
Staking and Governance: Users can participate in governance by holding and staking CELO, thus influencing the platform's direction.

FAQ

What's the current value of Celo?

The current CELO value is fluctuating. You can track the updated price using the Paybis CELO price chart.

Who are the top holders of CELO?

Celo Foundation, the non-profit organization overseeing the development of the project, holds more than 27% of CELO.

How many people own CELO?

There are currently about 512 million CELO tokens in circulation, and it is estimated that about 2.5 million people own CELO. This number may be inaccurate as one person can hold multiple wallets or multiple phone numbers.

What impacts CELO's price?

The price of CELO is often correlated with the overall cryptocurrency market. When the cryptocurrency market is doing well, the CELO price tends to go up. When the cryptocurrency market is doing poorly, the price of CELO tends to go down.
As the project progresses and achieves its goals, the Celo worth may go up. However, if the project fails to meet expectations, the price of Celo may go down.