• The total crypto cap has risen by 1% in the past 24 hours, to $1.03 trillion.
• Celo (CELO) is down by 5% today, but is still up 28% in the week and 32% in the month.
• Celo recently rebranded itself and announced several new partnerships, including one with Web3 browser Opera.
The cryptocurrency market has been experiencing a wave of renewed optimism from investors, as the total crypto cap has risen by 1% in the past 24 hours, to a total of $1.03 trillion. This marks more or less a week of uninterrupted increases, with the publication of more positive US inflation figures serving to set off the wave.
While 1% is another steady daily gain, some altcoins continue to beat the market, posting above-average returns over recent timeframes. One of the best performing coins is Celo (CELO), which is down by 5% today, but is still up 28% in the week and 32% in the month. What’s more, CELO is still 93% down from its all-time high of $9.82, set back in August 2021.
CELO’s indicators remain in a good place, even with the dip today. Its 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).
Looking at CELO’s fundamentals, its recent price movement come a few days after Celo rebranded itself, with the the mobile-first layer-one blockchain and payment network emphasizing its green credentials and its help for under-banked individuals around the world. It also announced this rebrand in conjunction with reveals of several new partnerships. This includes the news that Web3 browser Opera will integrate the (Celo-based) Mento stable asset cUSD into its Opera Mini Wallet, making it available to over 70 million users in Africa. There are also new partnerships with GoodDol and the World Economic Forum, allowing Celo to expand its reach and make its services available to even more people.
In addition to CELO, there are several other promising altcoins to consider investing in today. These include MEMAG, CAVA, FGHT, CRO, CCHG, CVX, RIA, and LRC. These coins all have promising fundamentals and have posted above-average returns over recent timeframes.
For those looking to get in on the ground floor of the next big crypto play, there are several new presales for tokens set to launch in 2022. These include Starlink’s LINK, Dfinity’s DFINITY, and Polkadot’s DOT. Each of these tokens has the potential to become the next 100x crypto, and could offer investors a huge return on investment.
Overall, the crypto market is looking positive at the moment, with a steady rise in the total market cap over the past week. Celo and several other altcoins are still performing well, while there are a number of new presales tokens to consider investing in today. With so much potential upside, now could be the perfect time to get in on the ground floor of the next big crypto play.