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This Mid-Cap Altcoin Is Surging As Most of the Crypto Market Crashes

Last update 22.09.2021 10:05

As the cryptocurrency market experiences an overall drawdown, one mid-cap altcoin is defying the trend.

This Mid-Cap Altcoin Is Surging As Most of the Crypto Market Crashes

But Celo (CELO), a mobile-first platform focused on crypto payments and financial dApps (decentralized applications), has gone against the trend and is up by around 30% over the past week, according to CoinGecko.

CELO’s rise amid a market meltdown coincides with the Celo Foundation’s head of ecosystem growth Xochitl Cazador revealing that the Celo blockchain is recording approximately 500,000 daily transactions.

Cazador also said that the Celo ecosystem now has over 2,000 builders spread across 113 countries.

In late August, leading decentralized finance (DeFi) projects built on Ethereum announced an initiative aimed at taking DeFi to mobile smart devices by incentivizing building on Celo.

The Ethereum DeFi projects in the initiative include Aave (AAVE), Curve (CRV), and Sushi (SUSHI). Over $100 million in “educational initiatives, grants, and incentives” was also announced.

Source : dailyhodl.com

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All Data
Coin Change(%) Price Volume (24h)
Bitcoin (BTC) 3.71 $72,084.86 $45.5B
Ethereum (ETH) 3.43 $4,038.91 $20.8B
XRP (XRP) 18.52 $0.727106 $4.4B
Solana (SOL) 1.58 $147.242060 $3.8B
Binance Coin (BNB) -2.22 $519.52 $3.0B
USD Coin (USDC) 0.03 $0.999697 $2.4B
Dogecoin (DOGE) 0.96 $0.174374 $2.1B
Shiba Inu (SHIB) -2.92 $0.000033 $1.7B
Floki Inu (FLOKI) -7.67 $0.000267 $1.3B
Avalanche (AVAX) 13.16 $47.596296 $1.2B
All Data