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Celo Coin (CELO): Should you Buy?

Celo coin (CELO) is one of the top 100 most popular cryptocurrencies currently. In terms of market cap, it is currently the 78th largest digital currency (over US$1.39 billion in market capitalizations). Should you invest in it? Is it a good investment? To answer all your queries, let me walk you through Celo, how it works, and many more. 

What Is Celo (CELO)? How does it Work?

Celo blockchain ecosystem brings in a new concept through which it strives to increase cryptocurrency adoption among smartphone users. They want to introduce cryptos to billions of smartphone users across the world by using phone numbers as public keys. The greatest aspect of this venture is that it enables even those who don’t have any banking access to transact in cryptocurrencies. 


The Celo network also enables developers to create smart contracts as well as decentralized applications DApps as part of DeFi (decentralized finance). In April 2020, the mainnet of the Celo project was launched. A team of people from a wide array of institutions has founded Celo. The founding members belonged to the following companies and organizations:


  • Massachusetts Institute of Technology (MIT)
  • Stanford University
  • Harvard University
  • World Bank
  • Visa
  • Circle
  • Square
  • Google
  • Gates Foundation
  • Twitter
  • U.S. Department of Justice
  • Cambridge University
  • University of Pennsylvania Law School
  • Give Directly
  • Capital One
  • Bank Of America
  • Federal Reserve Bank
  • GoDaddy

 

Celo platform has two native tokens:

  • Celo coin (CELO): It is a proof of stake PoS token that is used for:
  • Transaction fees
  • Governance participation
  • Other Related activities


  • Celo Dollar (CUSD): It is a stablecoin.


For promotion and preservation of Celo, there are multifarious entities including:


  • Celo Foundation: It is a non-profit organization that has been launched along with the mainnet.


  • Celo Alliance for Prosperity: It is an “ecosystem of mission-aligned organizations.”


The Celo blockchain has been optimized especially for mobile, thereby automatically calculating transaction fees. It also enables users to pay the gas fees, powering transactions in any currency.


Celo Coin CELO: Facts & Figures

All these facts and figures (as of Dec 13, 2021) will help you to make a decision on investing in Celo CELO tokens. Before making Celo crypto transactions, check out these facts and figures associated with this cryptocurrency of choice:


  • Celo CELO Coin Price: US$1.43 (Current Celo Coin Price)
  • 24hour Trading Volume (24h Volume): US$239,716,255
  • All-Time High (ATH) Price: US$3.48 (reached on Oct 28, 2021)
  • All Time Low (ATL) Price: US$0.001935 (reached on Mar 13, 2020, 2020)
  • 24h Low: US$1.43
  • 7d Low: US$1.35
  • 30d Low: US$1.18
  • 90d Low: US$0.9507
  • 52 Week Low Price of Celo: US$0.01495
  • YTD (Year-To-Date) Return: 8,247.05% YTD (Year-To-Date) price change
  • Market Cap: US$1,385,915,978 (US$1.39 billion)
  • Crypto Rank (in terms of market cap): 78th in the crypto market
  • Fully Diluted Market Cap: US$3,774,982,231
  • Max Supply: 1,000,000,000
  • Total Supply: 1,000,000,000
  • Circulating Supply: 367,204,495.00 CELO (37%)


These are the facts that made Celo a preferred medium of exchange. Always check out market data and technical analysis before you buy Celo CELO tokens. Also, consult crypto financial advisors and get tips from them on trending coins and how to earn crypto easily. 


Celo CELO Price Prediction & Forecast

  • WalletInvestor’s CELO Price Prediction 
  • US$6.264 by 2022
  • US$16.633 by 2026


  • DigitalCoinPrice’s CELO Price Prediction
  • US$6.56 by 2022
  • US$8.04 by 2023
  • US$9.42 by 2024
  • US$11.66 by 2025
  • US$13.83 by 2026
  • US$13.49 by 2027
  • US$16.59 by 2028


  • TradingBeasts’ CELO Price Prediction
  • US$6.90451 by 2022


  • Gov.Capital’s CELO Price Prediction
  • US$17.407 by 2022
  • US$35.779 by 2023
  • US$59.559 by 2024
  • US$88.459 by 2025
  • US$122.119 by 2026


Where can you Buy Celo?

You can buy Celo in almost all top cryptocurrency exchanges including:


  • Coinbase Pro
  • Bittrex
  • Binance
  • KuCoin, and many more.


You can use credit cards, debit cards, or money transfers from a bank account to fund your cryptocurrency trading or investing account in a leading cryptocurrency exchange. 


The most popular Celo price pairs are:

  • CELO/USDT
  • CELO/BUSD
  • CELO/BTC
  • CGLD/USD
  • CGLD/EUR, and many more.


Before investing, check out historical data of token Celo, fundamental analysis, crypto news, Celo price charts, price performance, market updates, Celo to United States Dollar (CELO to USD) exchange rate, Celo price history, CELO speed, Celo price prediction and price forecast, and others. Try to keep CELO in your crypto portfolio for a more balanced and robust return on investment.


What are the Best Crypto Wallets to Store Celo Coins?

The best Celo cryptocurrency wallets to store CELO are:


  1. SecuX W10
  2. Coinbase Wallet
  3. Cryptonator
  4. Bread
  5. Eidoo
  6. Coin Corner


Invest in Celo and Other Cryptocurrencies

You can buy and sell Celo and other virtual currencies (including Cardano price) against various fiat currencies (US Dollar USD, British Pound Sterling, Canadian Dollar CAD, South Korean WON, Singapore Dollar, Taiwan Dollar, Russian Ruble, Chinese Yuan, Hong Kong Dollar, etc.) through a wide array of crypto exchanges (centralized or decentralized exchanges), crypto APIs or mobile app, and Celo markets. Use Dollar Cost Averaging DCA strategy to invest in cryptos to minimize the risks associated with high volatility. 


If you want to increase your investment explosively in the coming 5-to-10 years, buy crypto coins now. Keep an eye on the market news, price statistics, block times, blockchain news, and others to time your trading of Defi protocols and tokens for maximum profit. 


You can also diversify your crypto coin portfolio by including other digital assets such as CELO, XMR, FIL, ETC, WBTC, BCH, Bitcoin BTC, AAVE, Ripple XRP, Bitcoin Ether ETH, Bitcoin Gold (also called Bit Gold), Bitcoin Cash BCH, Celo, Binance Smart Chain based tokens, Ethereum Classic, Shiba Inu SHIB, Binance Coin, Wrapped Bitcoin (some also call it wrap bitcoin or wBTC), USD Coin, Gemini Dollar, Internet Computer, ERC20 tokens (created on Ethereum blockchain), nonfungible tokens NFTs, Axie Infinity, and others. 


Invest in cryptocurrencies, various types of stocks, mutual funds, index funds, real estate, and others to improve your personal finance. If possible, get help from a portfolio manager or wealth management firm for maximum return. 

Invest in NapBots: A Dynamic Cryptocurrency Index

Whether you are a professional or retail investor, you can expose your capital to a diversified portfolio of digital assets & crypto asset classes by simply investing in NapBots. It is a smart crypto index service that introduces multifarious features and passive portfolio management strategies for enabling cryptocurrency investors to streamline their trading experience in new ways. 


NapBots provides you with various indices that include a basket of tokens with high market capitalization and are categorized by theme (such as Solana, NFT, DeFi, and others). This platform introduces an intuitive interface as well as advanced allocation tools for enabling new investors to create and manage advanced crypto indices easily.


The best part of NapBots is that it tracks and executes trades automatically on the basis of your pre-set choices of indexes. The platform is very affordable as it enables you to start trading as low as US$150 with a mCELOhly service fee of just 2.5%, which is far below the current rate of other cryptocurrency index providers. Therefore, NapBots reduces the financial barriers and at the same time eliminates the need for human intervention and the consequent human error. 


Get started with crypto-asset investing by investing through napbots.com, a dynamic crypto index for expanding diversified exposure to bitcoin and leading Crypto-assets at reduced financial barriers and no human error.