Celo rallies 50% as excitement builds for the upcoming 'Donut' hardfork

Celo rallies 50% as excitement builds for the upcoming 'Donut' hardfork

CELO price gained 50% ahead of the network’s May 19 'Donut’ hardfork which will help increase interoperability and lower gas fees. Decentralized finance (DeFi) has emerged as a transformational force for not just the cryptocurrency market, but for financial markets in general in 2021 thanks to the ease of access and security offered by blockchain-based protocols which operate on smart contracts.One project that is looking to take the simplicity of DeFi to the next level is Celo (CELO), an open blockchain ecosystem that makes financial tools accessible to anyone with a mobile phone. Data....


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After a 273% rally, this key indicator signaled that CELO price was overextended

Trading is “easy” when the trend is upward, but remember that in a bull market, cryptocurrencies take the stairs up and the elevator down. Now that altcoin season is upon us again, multiple tokens are witnessing illustrious price hikes every day. In a sideways market, a key skill for a trader is the ability to anticipate when an asset will break out — and when everything is green, knowing when the rallies are coming to an end becomes equally essential.This week, CELO embarked on a flash rally that generated an almost vertical line on its price chart, but then it quickly faded without....

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Celo Plans To Be An Ethereum Layer-2; Is Arbitrum In Trouble?

cLabs, the developer behind Celo blockchain, has announced plans to transition the platform to be an Ethereum layer-2 network. The proposal, the developer said, comes after extensive research and discussions within the Celo community. The goal is to drive the adoption of blockchain, making it accessible to users regardless of their location. A notable feature […]