Is Celo a token or coin?

CELO is a freely tradable cryptocurrency on the ERC-20 token standard , available at various major exchanges. These include Coinbase Pro and Bittrex, with cryptocurrency, stablecoin and fiat pairs in use. New to cryptocurrency? Check out our easy guide to buying Bitcoin (BTC) or any other token.

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Is Celo backed by gold?

Celo Dollars help facilitate the stable transfer of digital value between users. It is an ERC-20 stablecoin backed by reserves and pegged to the price of the U.S. dollar. The team has said that they will expand this offering to cover other fiat currencies. Unlike Celo Dollars, there is a fixed supply of Celo Gold .

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What will Cgld be worth?

Pick A Crypto currently has a very bullish projection that CELO-USD could reach anywhere from $15 to $40 in 2021 . The site has a long-term Celo (CELO-USD) price prediction of $75 to $200 from 2022 to 2025. Gov Capital has a one-year Celo price prediction of $7.60 and a five-year forecast of $21.87.

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What does Celo coin do?

Celo is a platform acting as a global payment infrastructure for cryptocurrencies that aims to target mobile users . To this end, Celo’s goal is for financial activity to be accessible to anyone globally thanks to its ability for payments to be sent to and from any phone number in the world.

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