Celo Price Prediction 2022-2030: Riding high on Web3?

Through Celo Connect, Celo aims to align and empower the world’s changemakers with tools, knowledge, and inspiration to contribute to a new financial system that creates conditions of prosperity for all. The Celo Connect Mobile Hackathon was held on April 1st-3rd at Attico Bogatell in Barcelona.

One of the strong points of Celo is that they are extremely environmentally friendly, thanks to many initiatives and their proof of stake (PoS) consensus model. Some of the most recent news for this project includes an uplisting to major crypto exchange WazirX, one of India’s largest crypto exchanges. WazirX is owned by Binance too!

Today’s Celo price is $1.27 with a 24-hour trading volume of $23,463,529. Celo is down 4.58% in the last 24 hours. The current CoinMarketCap ranking is #77, with a live market cap of $565,552,162. It has a circulating supply of 445,012,828 CELO coins and a max. supply of 1,000,000,000 CELO coins.

What is the foreseeable effect of these developments and Web3 on the CELO price? Let’s dive right in.

What is Celo?

The Celo ecosystem is a blockchain-based network seeking to raise the number of smartphone cryptocurrency users. The platform founders identified a wide gap between the number of smartphone users and cryptocurrency users.

The overall adoption of cryptocurrencies has been relatively slow, but it has recently begun to pick up. The Celo team is determined to integrate smartphones numbers and use their public keys to facilitate blockchain-based transfers of cryptocurrencies.

The Celo project aims to crack the smartphone industry and promote the adoption of cryptocurrencies to a broader audience. The Celo system aims to connect billions of smartphones to the cryptocurrency space, making crypto a household name.

Celo is also a payments infrastructure platform aiming to make decentralized finance products available on mobile devices. The platform has cUSD and cEUR, stablecoins pegged to the value of dollars and euros native to the Celo platform. There is also a Celo token which has both utility and governance applications.

The project aims to ensure that everyone has access to decentralized finance (DeFi) by using a broad range of smart contracts within its blockchain network.

Through its robust catalog of decentralized applications (DApps), Celo will help provide much-needed financial services to both the banked and the unbanked.