• The cryptocurrency market is up 1% in 24 hours, with a total market cap of $1.03 trillion.
• Celo (CELO) is down 5% today but is still up 28% in a week and 32% in a month.
• Celo recently rebranded itself, with new partnerships with Web3 browser Opera and GoodDollar.
The cryptocurrency market has seen a week of positive growth, with the total market cap rising by 1% in 24 hours to $1.03 trillion. This marks the sixth consecutive day of increases, with investors buoyed by the recent news of higher-than-expected US inflation figures.
Despite the market’s overall gains, some altcoins have seen even better performance, posting higher returns than the market at large. One of these coins is Celo (CELO), which has seen a 28% increase in a week and a 32% increase in a month.
CELO recently underwent a rebrand, focusing more on its green credentials and its commitment to helping under-banked individuals around the world. Along with this, the mobile-first layer-one blockchain and payment network also announced several new partnerships.
The first of these was with Web3 browser Opera, which will integrate the (Celo-based) Mento stable asset cUSD into its Opera Mini Wallet, making it available to over 70 million users in Africa. The altcoin also revealed a partnership with GoodDollar, a project that aims to reduce economic inequality by creating a global basic income.
In terms of its technical indicators, CELO’s relative strength index remains above 70, indicating good momentum, while its 30-day moving average (red) signals space for further gains, insofar as it’s still comfortably below its 200-day (blue).
Altogether, it appears that CELO could be a good investment for those looking for a coin with a strong foundation and good partnerships. With its recent price movement, CELO could be the best crypto to buy today, alongside other presale tokens.