Celo's main differentiator is its focus on smartphone users. According to the company, the number of smartphone owners is growing at an exponential rate, but the number of people using cryptocurrency is growing at a much slower rate.
Cryptocurrency is also well-suited to regions where a large portion of the population lacks access to the banking sector but owns a smartphone.
Celo's goal is to bridge the gap between the two technologies while also leveraging the benefits of DeFi by facilitating the creation of DApps and smart contracts.
The Celo blockchain, which is optimized for mobile, automatically calculates transaction fees and also allows users to pay the gas fees that power transactions in any currency.
Celo's Most Recent News
The scheduled Donut hardfork increases network transaction efficiency and improves blockchain interoperability, along with some other more technical upgrades.
Investors will be keen to note that the hardfork comes with support for integrating Ethereum tools and wallets such as MetaMask. Furthermore, this update “will make interoperability much easier with other layer-1 projects” including Cosmos (CCC:ATOM-USD), NEAR (CCC:NEAR-USD) and Solana (CCC:SOL-USD).
Celo Price Prediction
Celo's price equal to $5.40 USD on May, 18th 2021 here’s a price prediction on Celo
Furthermore, By the end of 2021 we believe the price of Celo will be around $8.12 to $10.27 USD
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