© Reuters. This DeFi Token Tops Gains With 22% Surge As Bitcoin, Ethereum Crawl Back Up
Benzinga – Celo (CRYPTO: CELO), the native token of the mobile-first DeFi platform rose over 22% in the past 24 hours, topping CoinMarketCap’s gainer of the day.
What Happened: At the time of writing, Celo was trading at $0.71, ranking 24th in terms of market cap among the top 100 coins listed on CoinMarketCap.
The price boost for Celo came when the platform announced a partnership with Consensys, an (CRYPTO: ETH) software company that helped engineer The Merge. The partnership is intended to kick off Celo’s compatibility with MetaMask, a popular ETH-based wallet.
The surge came amid (CRYPTO: BTC) and Ethereum notching gains on Sunday evening, even as U.S. stock futures opened largely flat as the weekend drew to a close.
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On Saturday, Celo announced Tokensoft, a top-tier launchpad that brings one of crypto’s largest testnet communities to the platform. Over 10,000 people joined the fifth Softernet Round on Optimism’s Goerli network.
Announcing @TokensoftInc’s #Softernet deployment on #Celo!