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Celo Price

(CELO)

$0.0709
0.00%(5m)

1m5m15m1h8h1d1W
Celo (CELO) Live Price Chart

    Celo Live Price Data

    Celo is currently trading at 0.0709, with a 24-hour trading volume of 189559.312. Over the past hour, the price of Celo changed by -0.28%, and over the past week, its value in dropped by -0.28%. The circulating supply of Celo is 603,763,925 CELO, with a market cap of 42846271.30660182421848750000 , down -0.28% in the last 24 hours. Celo is ranked #435 by market cap.

    How do you feel about CELO today?

    Note: This data is for reference only.
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    CELO(CELO) Profile

    altRank435
    rate--
    Expand
    $0.0704
    $0.074
    ATH
    $10.6583577
    Price Change (1h)
    0.00%
    Price Change (24h)
    -0.28%
    Price Change (7d)
    -0.28%
    Market Cap
    24h Volume
    Circulating Supply
    603,763,925
    Max Supply
    1B

    About Celo

    • What Is Celo (CELO) Crypto?

      Celo, a Layer-1, EVM-compatible public blockchain, is revolutionizing the global financial landscape by enabling consumers to access digital payments effortlessly using their mobile numbers. Unlike many other blockchains, Celo operates sustainably with a carbon-negative approach, achieved through its innovative proof-of-stake consensus mechanism.

      One of Celo's unique selling points (USP) is its seamless integration of mobile phone numbers with crypto wallet addresses. This feature allows users to send and receive payments globally as swiftly as sending a text message (SMS). Additionally, Celo's decentralized address-based identity layer incentivizes mobile users to actively participate in securing and maintaining the network actively, enhancing its overall security.

      As of October 2023, the Celo blockchain boasts a global presence, with users spanning over 150 countries and over 50 million unique wallets. Celo's mission is to democratize access to financial services, creating opportunities for a broader audience to participate in and benefit from wealth generation.

      CELO, the native cryptocurrency of the Celo blockchain, plays a pivotal role within the ecosystem. It serves as a governance token, supports staking and rewards, covers transaction fees, and fulfills various other functions, ensuring the network's efficiency and sustainability.

    • How Does Celo Blockchain Work?

      Celo operates as a fully EVM-compatible blockchain, facilitating smart contract functionality and seamless support for Ethereum-based decentralized applications (dApps). Its technological foundation centers around the Byzantine Fault Tolerance (BFT) Proof-of-Stake (PoS) consensus algorithm, distinguishing it with remarkable efficiency, heightened throughput, and reduced gas fees compared to Ethereum.

      Core Contracts

      At the heart of Celo are its core contracts, orchestrating the blockchain's functionality. These contracts encompass a spectrum of features, including the issuance of ERC-20 stablecoins, identity attestations, PoS mechanisms, and decentralized governance. This diversity empowers Celo to serve a wide range of use cases.

      Decentralized Network

      Celo thrives on a decentralized network of validators, full nodes, and light clients tailored for mobile usage. Validators are pivotal in transaction collection, smart contract execution, block production, and consensus maintenance.

      Full Nodes

      Full nodes are the backbone of the Celo blockchain, addressing requests from light clients and facilitating transaction forwarding. They receive a percentage of transaction fees as incentives for their contributions. Full nodes maintain a partial blockchain history, ensuring network integrity.

      Light Clients

      Light clients, primarily running on end-user devices, enable seamless interaction with Celo applications. These clients run Celo blockchain software, connect to full nodes for account and transaction data, and facilitate secure transaction signing and submission.

    • History of Celo Network and CELO Coin

      The Celo blockchain, initiated in 2017, emerged from the collaboration of brilliant minds representing prestigious institutions such as MIT, Stanford, Harvard, the World Bank, the US Federal Reserve, Bank of America, Capital One, Google, and GoDaddy. Key milestones in the Celo roadmap include:

      Celo Testnet Launch

      July 2019 witnessed the inauguration of Celo's first testnet, complemented by the team's release of open-source code and the official Celo Wallet app. This marked the initial steps towards a decentralized financial ecosystem.

      The Great Celo Stakeoff

      December 2019 heralded the incentivized testnet competition, "The Great Celo Stakeoff," introducing validator staking. This coincided with the launch of Baklava Testnet Phase 1.0, followed by Phase 2.0 in January 2020, after addressing critical bugs.

      Security Auditing

      In April 2020, Celo's codebase underwent a rigorous security audit by TrailOfBits, affirming its commitment to safety and reliability. The same month witnessed the release of the first Celo mainnet candidate, signifying progress towards its official launch.

      Validator Empowerment

      May 2020 was marked by significant developments, including validator elections and the introduction of epoch rewards. It was also the month when voting rewards were unfrozen, and CELO transfers became operational.

      Name Transformation - Celo Gold (cGLD) to Celo (CELO)

      A month later, the validator group Censusworks proposed a name change for Celo's native crypto asset from Celo Gold (cGLD) to Celo (CELO), aligning it with a more concise and recognizable identity.

    FAQ

    • How much is 1 Celo (CELO) worth?

      KuCoin provides real-time price updates for Celo (CELO). Celo price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time CELO to exchange rates.

    • Is Celo (CELO) a Good Investment?

      CELO, the digital asset, presents an intriguing investment opportunity, particularly if you believe in the future of web3 and digital currencies. As an Ethereum Virtual Machine (EVM)-compatible blockchain, Celo is an enticing alternative for Ethereum dApp developers seeking scalability and cost-efficiency for their projects. Here’s why $CELO could be an interesting asset to watch:

      Scalability Potential

      The Celo blockchain's adaptability allows for a seamless influx of dApps, leading to increased on-chain activities. Such growth can drive demand for its native cryptocurrency, positively impacting the Celo coin price.

      Celo’s Mento Stablecoins

      Celo's stablecoins, known as Mento stablecoins, provide users with an efficient and secure means of conducting transactions via mobile phones. The accessibility and affordability of these stablecoins can potentially disrupt the fintech sector, potentially influencing the CELO value.

    • What Is the CELO Crypto Price Prediction?

      Providing a precise CELO crypto price prediction is challenging due to the volatility in the crypto market. However, understanding the following key factors can provide insights into its potential price action:

      Adoption of Celo Ecosystem

      The growth of the Celo ecosystem plays a crucial role. As more developers and users migrate to Celo and engage with dApps on its blockchain, increased on-chain activity can drive demand for CELO, potentially boosting the CELO/USDT price.

      Future Developments in the Celo Roadmap

      Keep an eye on Celo's development updates. New features and enhancements that make the blockchain more appealing can attract investor interest and potentially lead to a higher CELO crypto price.

      Market Sentiment

      The overall sentiment in the cryptocurrency market is a significant influencer. Positive investor sentiment can lead to increased buying activity, raising the value of CELO. Conversely, a risk-averse market attitude may impact the CELO price negatively.

    • What Is CELO Token Used For?

      The CELO token serves as the native cryptocurrency within the Celo blockchain ecosystem, offering various practical applications:

      Pay Transaction Fees on Celo Network

      CELO is the primary currency for paying transaction fees on the Celo blockchain. Whether you're transferring payments or executing smart contracts, CELO is used to cover gas fees, ensuring the smooth operation of decentralized applications (dApps) and the Celo blockchain infrastructure.

      Stake CELO as a Validator

      Validators can stake CELO in the Proof-of-Stake (PoS) consensus mechanism, which is vital for securing the Celo blockchain. By staking CELO within the network, validators play a crucial role in verifying transactions, generating new blocks, and earning rewards, thus growing their CELO holdings as a reward for their contributions.

      Participate in the Governance of Celo Blockchain

      CELO token holders have the privilege of participating in the decentralized governance of the Celo blockchain. This active role allows you to propose changes and vote on submissions from other users, shaping the future direction and upgrades of the Celo network.

      Trade or HODL CELO

      CELO is tradable against other cryptocurrencies, offering opportunities to profit from market fluctuations. You can buy, sell, or hold CELO based on your investment strategy and belief in the potential of the Celo project.

      Earn Passive Income on KuCoin

      If you want to grow your CELO holdings, KuCoin Crypto Lending provides a convenient option. By lending liquidity in CELO on the KuCoin platform, you can earn attractive daily interest rates over various durations, securely enhancing your crypto portfolio.

    • How to Earn Celo Token

      Depending on your risk tolerance and investment strategy, you can earn CELO tokens in various ways. Some examples include:

      Trading CELO

      Trade CELO on well-established platforms like KuCoin and other supported exchanges. Increase your CELO holdings by making profitable trades in the cryptocurrency market. While trading can be the most profitable way to earn CELO, it's crucial to conduct thorough research and understand cryptocurrency trading to minimize risks.

      Staking CELO

      Stake your CELO tokens on the Celo blockchain to actively participate in the network's consensus mechanism. By doing so, you contribute to securing the Celo network, validating transactions, and generating new blocks. Staking is a way to earn CELO while actively supporting the blockchain's functionality.

      Lending Liquidity in CELO

      Explore the option of lending liquidity in CELO on platforms like KuCoin and other supported providers. This strategy offers a convenient and relatively risk-free method to grow your CELO holdings. It is especially advantageous for long-term holders seeking to generate passive income on their CELO holdings.

    • How to Stake CELO on Celo Network

      Staking CELO on the Celo Network is a process that involves locking your CELO tokens to participate in the network's proof-of-stake consensus mechanism. Here’s how to do this:

      1. Before you can stake CELO, you need a Celo Wallet. Fund your wallet by buying CELO on KuCoin or other supported platforms and withdrawing your tokens.

      2. Depending on your wallet, find the staking or delegation option within the wallet interface.

      3. Validators are nodes that secure the network. Select a validator to delegate your CELO to. You can research validators based on their performance and reputation.

      4. Enter the amount of CELO you want to stake or delegate to the chosen validator. Confirm the delegation.

      5. Review the transaction details and confirm the staking delegation. Be aware that there might be a small fee associated with the transaction.

      6. Your CELO tokens are now staked, and you'll start earning rewards as the validator participates in network activities.

    • How to Add CELO to MetaMask

      MetaMask is a widely used cryptocurrency wallet, particularly popular among web3 users. Adding the Celo Network to your MetaMask wallet allows you to store, manage, and transact with CELO tokens. Here's a step-by-step guide on adding CELO to your MetaMask wallet:

      1. If you don't already have MetaMask, download and install the MetaMask extension for your web browser. If you're a new user, create a new wallet during setup. You can import your wallet using your Secret Recovery Phrase for existing users.

      2. Open your MetaMask wallet and navigate to the Settings section.

      3. In the Settings, locate and select the "Network" section.

      4. Click the "Add Network" option to configure the Celo Network. Fill in the following details:

      > Network Name: Celo (Mainnet)

      > New RPC URL: https://forno.celo.org

      > Chain ID: 42220

      > Currency Symbol: CELO

      > Block Explorer URL: https://explorer.celo.org

      5. After entering the information, click the "Save" button to confirm the network settings. This action adds the Celo blockchain to your MetaMask wallet.

      6. With the Celo Network added to MetaMask, you can now transfer your CELO tokens to your MetaMask wallet. This wallet will support CELO and other tokens on the Celo network.

    • What is the all-time high price of Celo (CELO)?

      The all-time high price of Celo (CELO) is 10.66. The current price of CELO is down 99.33% from its all-time high.

    • What is the all-time low price of Celo (CELO)?

      The all-time low price of Celo (CELO) is 0.06. The current price of CELO is up 27.32% from its all-time low.

    • How much Celo (CELO) is there in circulation?

      As of 7 19, 2026, there is currently 603,763,925 CELO in circulation. CELO has a maximum supply of 1B.

    • How do I store Celo (CELO)?

      You can securely store your Celo in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your CELO include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.