{"id":61932,"date":"2023-07-03T16:31:02","date_gmt":"2023-07-03T16:31:02","guid":{"rendered":"https:\/\/coinjournal.net\/news\/celo-price-goes-parabolic-amid-rapid-ecosystem-growth\/"},"modified":"2023-07-03T16:31:02","modified_gmt":"2023-07-03T16:31:02","slug":"celo-price-goes-parabolic-amid-rapid-ecosystem-growth","status":"publish","type":"post","link":"https:\/\/coinalsat.com\/en\/celo-price-goes-parabolic-amid-rapid-ecosystem-growth\/","title":{"rendered":"Celo price goes parabolic amid rapid ecosystem growth"},"content":{"rendered":"\n<ul>\n<li dir=\"ltr\">\n<p dir=\"ltr\">Celo crypto price has gone parabolic in the past few days.&nbsp;<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">The network&#8217;s ecosystem growth has continued to accelerate.<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">Celo recently integrated Chainlink in its ecosystem.<\/p>\n<\/li>\n<\/ul>\n<p dir=\"ltr\"><a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/celo\/\"><u>Celo<\/u><\/a> price has made a spectacular comeback this month, making it one of the best-performing cryptocurrencies in the industry. The token soared to a high of $0.6736 on Monday, the highest level since April 19th. It has jumped by more than 85% from the lowest level in June.&nbsp;<\/p>\n<h2 dir=\"ltr\">Celo user growth continuing<\/h2>\n<p dir=\"ltr\">Celo is a fast-growing blockchain that is gaining traction among developers and users. The platform is used to build quality dApps in all industries, including DeFi and non-fungible tokens (NFTs). It is able to handle about 11.99 blocks per second.<\/p>\n<p dir=\"ltr\">Celo&#8217;s ecosystem growth has continued. According to DeFi Llama, the total value locked (TVL) jumped to more than $116 million. The biggest DeFi apps in the ecosystem are Mento, Curve DEX, Uniswap V3, and Moola Market among others.<\/p>\n<p dir=\"ltr\">The main reason why Celo price is soaring is that the number of active users in the ecosystem is growing. For example, data compiled by Dune Analytics shows that the number of transactions in the ecosystem has jumped to over 228 million.&nbsp;<\/p>\n<p dir=\"ltr\">Celo has handled over 20.15 million blocks over the years while the number of active addresses jumped to over 2.4 million. It has handled over 12.1 million contracts.<\/p>\n<p dir=\"ltr\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Celo seems to be popping off. Impressive user and transaction growth numbers lately.<\/p>\n<p>Anyone know what&#8217;s driving this? <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/t.co\/0yhA0fpjSS\">pic.twitter.com\/0yhA0fpjSS<\/a><\/p>\n<p>&mdash; Haseeb &#65310;|&#65308; (@hosseeb) <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hosseeb\/status\/1674848704241729537?ref_src=twsrc%5Etfw\">June 30, 2023<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p dir=\"ltr\">The other important Celo news is that the developers recently integrated&nbsp;<a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/chainlink\/\"><u>Chainlink<\/u><strong><u>&#8216;s<\/u><\/strong><\/a><strong>&nbsp;<\/strong>data feeds. Chainlink, the biggest oracle network in the world. An oracle is a platform that connects off-chain data to the on-chain. In an announcement, the head of ecosystem growth at Celo said:<\/p>\n<p dir=\"ltr\">&ldquo;Chainlink Data Feeds will empower Celo developers, providing critical access to oracle data and services and bolster Celo&#8217;s dApps to drive real-world impact and solutions.&rdquo;<\/p>\n<h2 dir=\"ltr\">Celo price prediction<\/h2>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/media.igms.io\/2023\/06\/03\/1688401819607-967798be-320e-4934-a338-58afca6b4a0a.png\" style=\"width: 616px;height: 299.267px\" class=\"fr-fic fr-dib\" width=\"616\" height=\"299.267\"><\/p>\n<p dir=\"ltr\">The 4H chart shows that the CELO crypto price has made a strong bullish trend in the past few weeks. As it jumped, the token rose above the key resistance point at $0.5686, the highest level on June 3rd. It has moved above the 25-day and 50-day moving averages.<\/p>\n<p dir=\"ltr\">A the same time, the Relative Strength Index (RSI) moved to the overbought level. The MACD has jumped to the highest level in months. Therefore, with the coin being overbought, there is a likelihood that Celo will retreat and retest the support at $0.5686.&nbsp;<\/p>\n<h2 dir=\"ltr\">How to buy Celo<\/h2>\n<p dir=\"ltr\">\n<h3> Binance<\/h3>\n<p>Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600. Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.<\/p>\n<p> <a href=\"\/visit\/binance-crypto?guid=MTQ1MDU0&amp;component=simple-table&amp;language=en&amp;country=TR&amp;position=1&amp;totalPositions=2\" rel=\"noopener nofollow sponsored\"> Buy CELO with Binance today <\/a> <\/p>\n<h3> OKX<\/h3>\n<p>OKX is a top cryptocurrency exchange which offers over 140 cryptocurrencies to invest in. OKX takes customer security very seriously, they store almost all of their clients&#8217; funds in cold storage, and the exchange is yet to be hacked. On top of this, the exchange offers very low fees and customers can even use their crypto as collateral for loans on the platform.<\/p>\n<p> <a href=\"\/visit\/okx-crypto?guid=MTQ1MDU0&amp;component=simple-table&amp;language=en&amp;country=TR&amp;position=2&amp;totalPositions=2\" rel=\"noopener nofollow sponsored\"> Buy CELO with OKX today <\/a> <button class=\"flex items-center mt-2 text-sm text-gray-600 focus:o-outline-none\" data-tooltip=\"Trading in digital assets is considered high risk. Digital assets are NOT backed by any government or central bank. The risk of loss in trading or holding digital assets can be substantial. You should carefully consider whether interacting, holding, or trading digital assets is suitable for you in light of your financial condition.\" aria-expanded=\"false\"> <span class=\"border-b border-gray-600 border-dotted\">Disclaimer<\/span> <span class=\"ml-1\"> <svg aria-hidden=\"true\" focusable=\"false\" role=\"img\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 512 512\" class=\"w-3 h-3\"> <path fill=\"currentColor\" d=\"M256 40c118.621 0 216 96.075 216 216 0 119.291-96.61 216-216 216-119.244 0-216-96.562-216-216 0-119.203 96.602-216 216-216m0-32C119.043 8 8 119.083 8 256c0 136.997 111.043 248 248 248s248-111.003 248-248C504 119.083 392.957 8 256 8zm-36 344h12V232h-12c-6.627 0-12-5.373-12-12v-8c0-6.627 5.373-12 12-12h48c6.627 0 12 5.373 12 12v140h12c6.627 0 12 5.373 12 12v8c0 6.627-5.373 12-12 12h-72c-6.627 0-12-5.373-12-12v-8c0-6.627 5.373-12 12-12zm36-240c-17.673 0-32 14.327-32 32s14.327 32 32 32 32-14.327 32-32-14.327-32-32-32z\"><\/path> <\/svg> <\/span> <\/button> <\/p>\n<p>The post <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/news\/celo-price-goes-parabolic-amid-rapid-ecosystem-growth\/\">Celo price goes parabolic amid rapid ecosystem growth<\/a> appeared first on <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\">CoinJournal<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"\n<p>Celo crypto price has gone parabolic in the past few days.&#160; The network&#8217;s ecosystem growth has continued to accelerate. Celo recently integrated Chainlink in its ecosystem. Celo price has made a spectacular comeback this month, making it one of the best-performing cryptocurrencies in the industry. The token soared to a high of $0.6736 on Monday, [&#8230;]<\/p>\n<p>The post <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/news\/celo-price-goes-parabolic-amid-rapid-ecosystem-growth\/\">Celo price goes parabolic amid rapid ecosystem growth<\/a> appeared first on <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\">CoinJournal<\/a>.<\/p>\n","protected":false},"author":5,"featured_media":61933,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[48,43],"tags":[],"class_list":["post-61932","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","category-crypto-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Celo price goes parabolic amid rapid ecosystem growth - CoinAlSat.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinalsat.com\/en\/celo-price-goes-parabolic-amid-rapid-ecosystem-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Celo price goes parabolic amid rapid ecosystem growth - CoinAlSat.com\" \/>\n<meta property=\"og:description\" content=\"Celo crypto price has gone parabolic in the past few days.&#160; The network&#8217;s ecosystem growth has continued to accelerate. Celo recently integrated Chainlink in its ecosystem. Celo price has made a spectacular comeback this month, making it one of the best-performing cryptocurrencies in the industry. 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Celo recently integrated Chainlink in its ecosystem. Celo price has made a spectacular comeback this month, making it one of the best-performing cryptocurrencies in the industry. The token soared to a high of $0.6736 on Monday, [&#8230;] The post Celo price goes parabolic amid rapid ecosystem growth appeared first on CoinJournal.","og_url":"https:\/\/coinalsat.com\/en\/celo-price-goes-parabolic-amid-rapid-ecosystem-growth\/","og_site_name":"CoinAlSat.com","article_publisher":"https:\/\/www.facebook.com\/coinalsat1","article_published_time":"2023-07-03T16:31:02+00:00","og_image":[{"url":"https:\/\/media.igms.io\/2023\/06\/03\/1688401819607-967798be-320e-4934-a338-58afca6b4a0a.png","type":"","width":"","height":""}],"author":"Author","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Author","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/coinalsat.com\/en\/celo-price-goes-parabolic-amid-rapid-ecosystem-growth\/#article","isPartOf":{"@id":"https:\/\/coinalsat.com\/en\/celo-price-goes-parabolic-amid-rapid-ecosystem-growth\/"},"author":{"name":"Author","@id":"https:\/\/coinalsat.com\/#\/schema\/person\/6fa35040f9ef4ae108188eaeb3ef441b"},"headline":"Celo price goes parabolic amid rapid ecosystem growth","datePublished":"2023-07-03T16:31:02+00:00","mainEntityOfPage":{"@id":"https:\/\/coinalsat.com\/en\/celo-price-goes-parabolic-amid-rapid-ecosystem-growth\/"},"wordCount":585,"commentCount":0,"publisher":{"@id":"https:\/\/coinalsat.com\/#organization"},"image":{"@id":"https:\/\/coinalsat.com\/en\/celo-price-goes-parabolic-amid-rapid-ecosystem-growth\/#primaryimage"},"thumbnailUrl":"https:\/\/coinalsat.com\/wp-content\/uploads\/2023\/07\/celo-price-goes-parabolic-amid-rapid-ecosystem-growth.png","articleSection":["Blockchain","Crypto Currency News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/coinalsat.com\/en\/celo-price-goes-parabolic-amid-rapid-ecosystem-growth\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/coinalsat.com\/en\/celo-price-goes-parabolic-amid-rapid-ecosystem-growth\/","url":"https:\/\/coinalsat.com\/en\/celo-price-goes-parabolic-amid-rapid-ecosystem-growth\/","name":"Celo price goes parabolic amid rapid ecosystem growth - 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