What is Celo?
Celo after being under development since 2018 finally it launched their main network. Celo again stablecoin backed project that will be thought competitor for Facebook Libri Blockchain Project. Celo gained huge popularity within few months of its launch because Celo was part of Google Launchpad event. The main mission of Celo is to provide financial or banking services like peer to peer transaction to anyone around the world and let user pay on merchants.
Following trend Celo adopted decentralized network that means everything will not be controlled by central or single entity. Celo will be driven by community for Ecosystem uses Proof of Stake Consensus mechanism that allows voting and participant will individual, organization and partners. Celo aiming to cut transaction fees with maintaining transparency that followed cheaper, faster transaction. Celo account can be linked with Mobile number where network maintain decentralized mapping that allow user to connect with Wallet to perform pay, send and receive payment to anyone around the globe.
Celo offers full node incentive with Celo protocol that help light client to run full node of each mobile device. In simple words, there is no need to stake investment for earning rewards just simply provide computation resource to support ecosystem. Celo gives native support to ERC20 based Stablecoins for e.g. USDT. Recently project renamed their project from Celo Gold to Celo i.e. require stablecoin to dominate currencies.
Celo Price Prediction
|Month & Year||CELO Price Prediction|
|Based on||Stablecoin powered|
|All-time high||$4.49 USD|
|Exchange Platform||Bittex, OKEx, Okcoin, hoo.|
Celo ICO Overview
|Raised by||$6,500,000 USD|
|Date of ICO||11 may 2020|
|ICO Price||$1 USD|
|Partners||a16z, Polychain Capital, SocialCapital, Versionone,9yard capital, tanguy chau, lake star, green field one, Andromeda, VaLor, Nima Capital, R&R Venture, Keisuke Honda, Kilowatt Capital, SVAngle, a_capital, Coinbase.|
Celo Price Analysis
Celo grabbing everyone attention after surging 45% within just 24 hours and now currently enter into top 100 largest crypto list. it consistently gaining $30 million worth daily market volume and beginning of bullish trend is about to start. Celo enter into market with average price of $0.80 USD and next day it crosses $1 USD mark. However, since end of May 2020, Celo following neutral trend with average price of $1.70 USD and now in august 2020 it is very close to cross $5 USD milestone. In last 20 days Celo is already hiked by 158% with 350% of all time ROI.
Will Celo hit $100?
$100 from now looks tough can take more than 15 years.
How much Celo will be worth in 5 years?
Probably worth more than $20 USD
How Much Celo Worth in 2030?
Celo may crossing $50 USD
Is Celo a Good Investment?
Yes, investment before next bullish trend.
Google created new type of start-up accelerator with Launchpad Studio where new class of start-up will be introduced. In the launchpad event Celo was only one Blockchain based project and that help project to gained millions of users following its main network launch. Celo Wallet is all set to launch with first priority to give better user experience with cheaper, secure and faster transaction. Celo enter into top 50 position by market cap volume in less than 4 months. Celo bringing more big update in future and backed by big ventures and firm that help to maintain its worth.