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Keep in mind I am not a financial Investor, do your own research. I want to talk about one of my new favorite cryptocurrencies. I know I have a lot of favorites, but I honestly don't hate any. I'm talking about Celo though because of how well it has been doing recently. After hitting a new high of $11, Celo is still up 83% this week at $5.70. I just recently sold at 6.15 and just bough back in, because even though it has moved an insane amount this week, I don't think there are any signs of slowing down.
Celo is a blockchain used to bring crypto to your phone. Celo uses your phone number as your wallet's public key, making it easier to send money to your phone's contacts. Celo is a blockhchain that hosts smart contracts and decentralized applications that allow its users to access DeFi and trustless transactions. Celo is the 13th popular crypto on COINBASE right now, and is on big platforms like Binance. Cryptos like Celo are certified to be big gainers in the long run in this crypto market.
In not so recent news, Celo became the 1st integrated stable coin for the Opera browser. Opera browser having nearly 380 million users is a huge 1st step in the right direction for Celo. In the beginning of the year Celo was only trading at $1.50. Meaning that whoever owned $100 since January would have made $420. I know that means if it were to go the other way around it would be a tragic loss, but it made a large recovery earlier today. Celo's price predictions by analysts were a firm $15 to even $40. That is an extreme turn from $5, but we also have seen Celo just recently hit $11. It is considered a stablecoin for the Opera browser, but I am not sure this can be considered stable at all. Celo has moved over 30% today in both directions, leading to a lot of money being made. Celo made a strong recovery dip, and I feel like it could possibly keep going if people don't plan on dumping right now.
