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Celo is gaining popularity among developers; something that has made its coin, the CELO, start rallying. CELO has gained 25% in the past week and still counting.

To help new investors and traders eyeing the cryptocurrency, Invezz has created a brief article to assist crypto traders and investors understand what Celo (CELO) is and also finding the best place to buy it.

To find out more, please continue reading.

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Celo (CELO) is one of the two native tokens of the Celo blockchain ecosystem.

If it is the first time hearing about Celo, it is a blockchain ecosystem that focuses on increasing cryptocurrency adoption among smartphone users by allowing people to use phone numbers as public keys (the address used when sending and receiving cryptocurrencies). 

Celo has smart contract functionality and it also allows the creation of decentralized applications (DApps).

The CELO token is used as a governance token as well as a utility token for facilitating the transaction fees.

If you are looking to invest in a trending cryptocurrency that has shown a solid bullish trend over the past week, then Celo (CELO) could be a good choice.

Nevertheless, you should be aware of the fact that buying the cryptocurrency market is extremely volatile.

The current CELO price surge is backed by a strong performance of the CELO blockchain that has made it attracts a growing number of blockchain developers. Analysts believe the CELO coin could easily hit $4 by end of this month if it continues on the same trajectory.

Ranking of active developer counts:

1. Solana
2. Ethereum
3. Cardano
4. Polkadot
5. Cosmos
6. Elrond
7. Algorand
8. Celo
9. Polygon
10. Terra
11. Avalanche
12. Fantom pic.twitter.com/omD1IQr9FS

⏰ $CELO showing some unusual activity. Keep it on watchlist for gaining momentum and volume.
ℹ️ Alerted Exchange: #KuCoin

🔹 Price: 3.7069
💰 Dollar Volume: 12.3M $
🌐 M. Cap.: 1098.4M
🏅 CMC Rank: 75

❗ 5 minutes delayed.#screener pic.twitter.com/LCadyAINsX

The post CELO coin up 25% in seven days: here’s where to buy it appeared first on Invezz.

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