Celo is a blockchain project designed to enable smartphone users to make mobile payments. Founded by Rene Reinsburg and Marek Olszewski in 2017, its mission is to connect people. The company launched its native coin, CELO, in 2020.
An EVM-compatible proof-of-stake protocol (PoS) with zero knowledge proofs is Celo. As the Celo blockchain is based on public keys, users can be authenticated by mapping their phone numbers, ensuring fast mobile transactions.
There have been over 161 million transactions and an average block size of 5 seconds on the Celo blockchain.
Using just a mobile device, Celo blockchain promises to unlock the power of crypto and DeFi for a new generation.
CoinMarketCap reports that Celo has a maximum supply of 1 billion CELO while its circulating supply is 462,324,704 CELO. Binance, Coinbase, Huobi Global, Gate.io, Bittrex, are some of the top cryptocurrency exchanges for trading Celo (CELO).
Celo (CELO) Price Prediction 2022
The Price of Celo (CELO) coin was swinging from $1.16 resistance2 to $0.95 resistance1 after touching support level of $0.77. CELO has reversed from the support level of $0.77 and currently the market is going sideways and is expected to be bullish over the coming weeks.
Since CELO cannot break the current support level soon, our long-term Celo (CELO) price prediction is bullish for 2022. We can expect CELO to reach $2 in 2022.