Celo’s core function is to facilitate the seamless transfer of funds between parties using just a mobile phone number, and therefore, uses mobile phone numbers as the public key for Celo wallet addresses. Given the publicity this news has brought, perhaps today’s move in CELO isn’t surprising. However, those interested in what Celo and the cGLD crypto are may be intrigued to learn more. Let’s dive into a few things investors may want to know about this crypto platform. The value of shares and ETFs bought through a share dealing account can fall as well as rise, which could mean getting back less than you originally put in. The platform, which was established in 2017, uses people’s phone numbers and email addresses as public keys, allowing them to be used to prove who people are on the network.

1. Ultimately, though, this is a question that you will have to answer for yourself.
2. Collective Finance’s price today is US$61.65, with a 24-hour trading volume of $N/A.
3. Celo (CELO) identifies this cryptocurrency on all supported exchanges, charts, and graphs.
4. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.
5. Celo (CGLD) is the identifier for the Celo platform’s cryptocurrency token across all charts and exchanges.

Celo (CELO) identifies this cryptocurrency on all supported exchanges, charts, and graphs. Collective Finance’s price today is US$61.65, with a 24-hour trading volume of $N/A. If 2021 was a good time for crypto and CELO, 2022 has proven to be anything but.

The Celo ecosystem can be used to issue stablecoins, such as cUSD, via an algorithmic stablecoin collateralization model. Ultimately, though, this is a question that you will have to answer for yourself. Before you do so, however, you will need to conduct your own research and never invest more money than you can afford to lose because prices can go down as well as up. Before you decide whether or not to invest in celo, you should do your own research, not only on the coin itself, but also on other mobile-related coins and tokens. The current Celo (CGLD) crypto token price is $3.80, making an increase of almost 16% in the last 24 hours.

Celo

If you are considering investing in cryptocurrency coins or tokens, we recommend that you always do your own research. Look at the latest market trends, news, technical and fundamental analysis, and expert opinion before making any investment decision. Keep in mind that past performance is no guarantee of future returns. In volatile cryptocurrency markets, it is important to do your own research on a coin or token to determine if it is a good fit for your investment portfolio. Whether CELO is a suitable investment for you depends on your risk tolerance and how much you intend to invest, among other factors. As such, analysts and algorithm-based forecasters can and do get their predictions wrong.

CGLD is up 23% over the last seven days, but still down 46% versus its $7.16 all-time high. The Celo (CELO) crypto stablecoin price is $3.77, up more than 10% during today’s trading. CELO is up 41% in the last month, though down 47% against its all-time best of $7.32 achieved in May 2021.

Collective Finance Price Chart (USD)

This leading decentralized finance platform is currently being used for an intriguing initiative. Today, it was announced that mobile-focused blockchain Celo is launching a $100 million “DeFi for the People” fund. This fund aims to bring DeFi and dApps to the 6 billion smartphone users globally. Finally, WalletInvestor cgld crypto price had a celo price prediction for 2023 that indicated that the coin could have a tough 12 months ahead, with it predicting it to collapse to a mere $0.0824 by December next year. With the coin boosted by the news that the Curve Finance (CRV) protocol was now compatible with Celo, it rallied to reach $0.727 on 4 December.

After that, things settled down before it shot back up to an all-time high of $10.66 on 30 August, then steadily declining to close the year at $4.85. Celo (CGLD) is the identifier for the Celo platform’s cryptocurrency token across all charts and exchanges. The Collective Finance price page is just one in Crypto.com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies. Celo is a proof-of-stake (PoS) layer 1 blockchain network complete with a virtual machine that facilitates smart contract and decentralized application (dApp) development and deployment.

Celo now has more than three million wallet addresses across more than 100 countries. It was founded by a large team of contributors from the public and private sectors, technology companies, non-profit organisations and non-governmental organisations. They are involved with pilots, committees and working groups, including with the World Economic Forum, World Bank Group and the Chamber of Digital Commerce.

About CGLD

The key players behind the platform, however, are GoDaddy executives Rene Reinsberg and Marek Olszewski, along with the MIT professor Sep Kamvar. Let’s not forget that the coin has suffered a recent all-time low, so while it might be uphill from here, things might equally get even https://cryptolisting.org/ worse. An overview showing the statistics of Celo Gold, such as the base and quote currency, the rank, and trading volume. If you are new to crypto, use the Crypto.com University and our Help Center to learn how to start buying Bitcoin, Ethereum, and other cryptocurrencies.

Celo has subsequently drifted down, and on 15 December 2022 it was worth about $0.584. At that time, there were just under 479 million CELO in circulation out of a total supply of one billion. This gave the token a market cap of about $279.7m, making it the 99th largest crypto by that measurement.

Celo crypto tokens explained

Let’s now take a look at some of the celo price predictions that were being made as of 15 December 2022. It is important to remember that price forecasts, especially when it comes to something as potentially volatile as cryptocurrency, very often turn out to be wrong. Also, many long-term crypto price predictions are made using an algorithm, meaning that they can change at a moment’s notice.

Chris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective. When celo first came onto the open market in May 2020, it was worth about $2.50 but it quickly dipped to spend the summer around the $1.70 mark. There was a small bull run in August, with it briefly topping $4, but then it settled back down to previous levels. In 2021, though, things changed, as the crypto market boomed and celo responded well, with it reaching a high of $7.24 on 21 April.

In the past month its token, celo, has spiked twice from a low of $0.4208 to highs of as much as $0.7247, and was at around &0.58 at the time of writing. By 2027, the site said, CELO could be worth $2.95, reaching $4.16 in 2028 and potentially closing the decade at $6.09. The site then went on to make a celo price prediction for 2030 of $8.34, before arguing that it could go up to $11.26 by 2031. Both are cryptocurrencies native to the Celo accessibility platform for mobile crypto investors. Remember, you should always carry out your own thorough research before making an investment.

After Russia’s invasion of Ukraine CELO fell to $2.06 on 24 February and, although there was a recovery to a high of $5.19 on 5 April, a series of market crashes meant it dropped to $0.7428 on 18 June. TIn the aftermath of the collapse of the FTX (FTT) exchange , CELO fell to an all-time low of $0.4043 on 14 November. The changes made to the Celo protocol are great for dApp developers looking to migrate or deploy their contracts to Celo”.