фото показано с : invezz.com

CELO/USD is trading this Wednesday very close to $3 support, and probably it is not the best moment to buy this cryptocurrency.

The cryptocurrency market remains under pressure, and if Bitcoin falls below the $45000 support, it would add further pressure to the whole cryptocurrency market.

Celo is a platform that makes financial dApps and crypto payments accessible to anyone with a mobile phone.

Celo enables you to use cryptocurrencies like everyday money so you can start spending, sending, and earning crypto in only several clicks from your mobile phone.

Address-based encryption system allows you to use a mobile phone number or email address directly as a public key, but users should have in mind that assets on this platform cannot be accessed on the Ethereum network. The team of Celo added:

Celo assets exist on an independent blockchain and cannot be accessed through wallets that connect to the Ethereum network. Only use wallets designed to work with the Celo network, and don’t send your Celo assets to your Ethereum wallet or send your Ethereum assets to your Celo wallet.

The average block time on this platform is five seconds, and there are two types of accounts: contract accounts containing the code of a single, smart contract and externally owned accounts controlled by a user.

This project aims to build a financial system in which everyone can achieve prosperity, and it is important to say that Celo dedicates lots of effort to provide the simplest experience for clients who may have no familiarity with cryptocurrencies.

The Celo platform is proof-of-stake, Ethereum Virtual Machine (EVM) compatible, open-source and has a reward mechanism in which all users can participate in verifications, creating a broad participant base and making block rewards more accessible to day-to-day users.

The native token of this platform is the CELO token, and the platform is governed by CELO asset owners.

Celo has united forces of an incredibly vibrant community, many important projects already collaborated with Celo, and the most popular ones include Coinbase, T-Mobile, Andromeda, and Social Capital.

CELO is trading down more than 70% from its record highs registered in August 2021, and the risk of further decline still persists.

CELO remains in a bear market; still, if the price jumps above $4, it would be a “buy” signal, and the next target could be at $5.

Celo is a project that makes crypto payments accessible to anyone and has a mission to build a financial system in which everyone can achieve prosperity. CELO is trading down more than 70% from its record highs registered in August 2021, and the risk of further decline still persists.

The post Should I buy Celo after the current sell-off? appeared first on Invezz.

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