CELO

CeloCELO

Rank #91
Coin
On 53,039 watchlists

Celo Price (CELO)

$5.20
1.21%

0.00009153 BTC2.25%

0.001499 ETH1.77%

Low:$5.07
High:$5.35
24h
CELO  Celo CELOPrice: $5.20 1.21%
Market Cap
$1,173,159,224
1.21%
Fully Diluted Market Cap
$5,202,943,766
1.21%
Volume
24h
$38,630,962
9.17%
Volume / Market Cap
0.03293
Circulating Supply
225,479,897 CELO
23%
Max Supply
1,000,000,000
Total Supply
1,000,000,000

Celo Chart

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CELO Price Live Data

The live Celo price today is $5.20 USD with a 24-hour trading volume of $38,630,962 USD. Celo is up 1.21% in the last 24 hours. The current CoinMarketCap ranking is #91, with a live market cap of $1,173,159,224 USD. It has a circulating supply of 225,479,897 CELO coins and a max. supply of 1,000,000,000 CELO coins.

If you would like to know where to buy Celo, the top exchanges for trading in Celo are currently Binance, OKEx, Upbit, Coinbase Pro, and CoinBene. You can find others listed on our crypto exchanges page.

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 one, the Celo Dollar (CUSD), 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.”

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.

Read more about Facebook Libra here.

Crypto newbie? Find out everything you need to know on Alexandria, CoinMarketCap’s dedicated education resource.

Click here to check out CoinMarketCap’s blog.

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.

New to cryptocurrency? Check out our easy guide to buying Bitcoin (BTC) or any other token.

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CELO

Celo

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USD

United States Dollar

CELO Price Statistics

Celo Price Today
Celo Price$5.20
Price Change24h$0.06235
1.21%
24h Low / 24h High
$5.07 /
$5.35
Trading Volume24h$38,630,961.76
9.17%
Volume / Market Cap0.03293
Market Dominance0.05%
Market Rank#91
Celo Market Cap
Market Cap$1,173,159,224.45
1.21%
Fully Diluted Market Cap$5,202,943,765.97
1.21%
Celo Price Yesterday
Yesterday's Low / High
$5.02 /
$5.35
Yesterday's Open / Close
$5.04 /
$5.20
Yesterday's Change

3.25%

Yesterday's Volume$39,563,570.85
Celo Price History
7d Low / 7d High
$5.00 /
$5.98
30d Low / 30d High
$3.79 /
$7.24
90d Low / 90d High
$3.02 /
$7.24
52 Week Low / 52 Week High
$0.7955 /
$7.24
All Time High
Apr 21, 2021 (15 days ago)
$7.24
28.10%
All Time Low
May 22, 2020 (a year ago)
$0.7955
554.02%
Celo ROI

530.31%

Celo Supply
Circulating Supply225,479,897 CELO
Total Supply1,000,000,000 CELO
Max Supply1,000,000,000 CELO