CELO is the eponymous cryptocurrency of the blockchain ecosystem focused on increasing cryptocurrency adoption among smartphone users. It is the 66th biggest coin by market cap.
This brief guide has everything you need to know about the Celo network and coin, including whether and where you should buy Celo.
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What is Celo?
Celo has the lofty goal of introducing smartphone owners to crypto transactions by using phone numbers as public keys, including owners without banking access. The network, launched as recently as a year ago, also allows for the creation of dApps and smart contracts.
The ecosystem’s native token Celo is a proof-of-stake (PoS) coin used to take part in governance, for transaction fees, and related activities.
It also has a number of stablecoins, such as the Celo Dollar (CUSD), the Celo Euro (CEUR) and the Celo Brazilian Real (CREAL).
Should I buy Celo today?
Celo can be a lucrative investment, but take the time to read at least several price predictions from leading analysts and do market research before making a commitment.
Celo price prediction
Coin Price Forecast predicts the coin will hit $10 as soon as the middle of this year. Its value will have doubled by the end of next year. They expect Celo to reach $25 in 2024, $75 in 2031 and $100 two years later.
Celo on social media
— PALindicator (@PALindicator) April 4, 2022