Celo
About Celo
The price of Celo (CELO) is $0.41852807 today, as of Sep 09 05:24 a.m., with a 24-hour trading volume of $14.94M. Over the last 24 hours, the price has increased by 2.66%. Celo currently has a circulating supply of 548.12M and a market cap of $229.40M.
Celo (CELO) is a blockchain that aims to tackle one of the key user experience problems with cryptocurrency: confusing public keys. Celo swaps public keys – long scrambled strings of characters used to identify cryptocurrency accounts – with a mobile phone number. That makes sending and receiving cryptocurrency much easier and more accessible for newcomers to the market.
CELO is the native token that powers Celo’s platform. According to a company blog post, Celo’s supply is limited to a total of 1 billion CELO native tokens. Some 600 million were distributed when celo was introduced, and at that time, the team estimated 12.5% of the tokens would go to pre-launch sales, 18.5% to protocol contributors and developers, 30% to users securing the network by “staking,” 19.5% to community grants, 7.5% to “operational” grants and 12% to the “initial reserve” for managing Celo’s stablecoin.
After the token was launched in May 2020, its price bounced between $1.42 to $1.92 before surging to a peak of $4.46 in August 2020. But it soon crashed again to its lowest price ever at $1.36.
At the beginning of 2021, CELO’s price picked up steam again, surging to a peak of $6.15 at the end of April. Highlighting the volatility of cryptocurrencies, it crashed yet again to a low of $1.9, but by September, CELO’s price skyrocketed to its all-time high of $7.63.