This rapid move has been quickly corrected, though Celo does remain 5.2% higher over the past 24 hours, as of 12:30 p.m.
Yesterday’s announcement that crowdfunding platform Kickstarter would be migrating to a platform based on the Celo blockchain has provided a key catalyst for this cryptocurrency.
What makes Celo special is this blockchain ecosystem’s focus on increasing crypto adoption among smartphone users.
Given the attention that’s now being paid to energy usage in the crypto world, Celo’s environmental positioning is something worth considering.