Alright, folks, buckle up because there's some juicy crypto news coming your way! The blockchain realm is buzzing with Celo's impressive growth, all thanks to standout applications like Minipay and Valora, especially making waves in Nigeria and Kenya.
None other than Ethereum's co-founder, Vitalik Buterin, hopped onto social media to give a big thumbs-up to Celo’s progress. He couldn't hide his excitement, saying, “This is amazing to see. Improving worldwide access to basic payments and finance has always been a key way that Ethereum can be good for the world, and it’s great to see Celo getting traction.”
And it seems the market was listening! The price of CELO tokens skyrocketed by a whopping 22%, making it the third-best performer of the day. That's right, it was right up there with Sei (SEI) and Mythos (MYTH), which saw jumps of 23.9% and 23.5%, respectively.
According to blockchain data whizzes, Celo even outdid Tron in the daily hustle of stablecoin transactions in September 2024. And guess what? Tether's pre-minting an additional $200 million in USDT on the network suggests demand is only going up, up, up!
The real MVPs here are Minipay and Valora, which have been pivotal in bringing stablecoins to the masses. Minipay alone has racked up three million activated wallets since its launch in 2023. It's making a mark in Kenya, South Africa, Ghana, and Nigeria. Fun fact: Nigeria is second in the world for crypto adoption, which might explain Minipay’s stellar performance there.
But wait, there’s more! Buterin also spilled some beans about Celo’s future. The network is set to transition from a standalone Ethereum Virtual Machine (EVM)-compatible blockchain to an Ethereum layer 2 (L2) solution. This upgrade means Celo will enhance its network capabilities while integrating more closely with Ethereum. Exciting times ahead!
Now, here’s some drama from the crypto world. During an interview at the Token2049 event in Singapore, Cardano founder Charles Hoskinson reportedly compared Ethereum to a “dictatorship,” claiming Buterin holds too much sway over its direction. Hoskinson wasn’t too happy with how his comments were portrayed, though. He took to social media to vent his frustration over what he called “dramatic headlines and wasted interviews,” and vowed to stop engaging with the publication that reported it.
So, there you have it! Celo's soaring, Vitalik's cheering, and the crypto drama is real. Keep your eyes peeled for more updates!
