Celo (CELO) is Up By over 16% While, Other Cryptos dip

All over the internet, people are talking about the crypto market crash today. However, Celo (CELO) is bullish.

Celo (CELO), a blockchain ecosystem focused on increasing crypto adoption among smartphone users, is up by over 16% in the last 24-hour despite the crypto market crash.

Today, Celo (CELO) jumped from $5.6 to $7.3 in less than 24 hours, rising by over 16%. According to CoinMarketCap, CELO is trading at 6.84 with a 24-hour trading volume of $637,904,181 at press time.

CELO is thriving while other cryptos, including the top 10 digital assets by market cap. As shown in the image above, at the time of writing, almost all the top 10 cryptos today experienced dips.

Note that by using phone numbers as public keys, Celo aims to introduce the world’s billions of smartphone owners to transacting in cryptocurrency.

In addition, Celo Network enables the creation of smart contracts and decentralized applications (DApps) as decentralized finance (DeFi).