CELO price has recorded a steeper upsurge and is up by 24.66% in the last 24 hours. The platform’s growth can be attributed to the growing adoption of stablecoins, particularly in the African market, and heightened trader engagement.
Celo Price and Market Activity
CELO surged higher as it gained 24.66% in value to trade at $0.6707. Market capitalization also increased by 24.66% to $367.6 million.
1-day CELO trading chart | Source Coinmarketcap
Average daily trading volume increased by 1168.73% to $ 170.1 million demonstrating increased market activity.
Celo’s Growing Adoption in Africa
Another significant factor that has led to Celo’s development is the adoption of stablecoins, especially within Africa. The stablecoin supply has risen by 75% in the last three months from applications like MiniPay and Valora. And now Celo has more than 292 million USDT stablecoins, and more than 68 million transactions were made during that time.
Almost all of the activity is credi
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