Arslan Butt
Celo price prediction is bullish, particularly above the $0.5815 support level. CELO has risen more than 18% in the last seven days to $0.69, as both the technical and fundamental outlooks favor an uptrend. After a week of erratic movement, this week saw the first significant evidence of gains for the major coins following the disaster of FTX’s descent into bankruptcy.
Over the past week, Bitcoin’s value increased by 2.7%, reaching over $17,000. Its main competitor, Ethereum (ETH), increased by 6.7% and is trading at $1,285 at the time of writing, according to statistics from Coinmarketcap.
After starting the week on a negative slide as reports of social upheaval in China shook risk assets like tech stocks and crypto, both big cryptocurrencies appear to have begun a tiny rebound. Worries that the world’s second-largest economy could be impacted by the protests against the country’s ongoing severe COVID policies were justified.
#Covid quarantine camp in #Lanzhou city, #Gansu province #CCPChina set on fire by somebody.
When people decide to fight back, there are many ways, just as #XiJinping said, “Don’t mess with Chinese people, or it won’t end well.”#ChinaProtest #China #ChinaUprising #A4Revolution pic.twitter.com/k9WZhcAI7X— Jennifer Zeng 曾錚 (@jenniferzeng97) December 1, 2022
News that cryptocurrency lender BlockFi had filed for bankruptcy dragged the market down on Monday. After the demise of cryptocurrency exchange FTX, a string of crypto enterprises has been impacted by the “contagion,” BlockFi is the latest to feel its effects.
The US-based #cryptocurrency platform @BlockFi, which has a multimillion-dollar agreement with @FTX_Official, one of the world's largest #Crypto exchanges, has also filed for bankruptcy after the collapse of @FTX_Official. pic.twitter.com/yzvtP6ftTf
— CryGlo (@CyriGlo) December 4, 2022
Wednesday saw a rebound in risky assets as Federal Reserve Chair Jerome Powell predicted in a speech that December would see fewer interest rate hikes than November. That’s the end of the most recent and sharpest cycle of rate increases (there have been three this year, each of which added 75 basis points).
New month and with it, the winds appear to be changing.
Federal Reserve Chair Jerome Powell said in a speech that December would likely bring smaller interest rate hikes – resulting in a boost to markets.
Tap in for today’s hottest crypto headlines: https://t.co/sUYfAoBbm0 pic.twitter.com/sMFoXnoYhJ
— M6 Labs (@M6Labs) December 1, 2022
Elon Musk, the new CEO of Twitter, tweeted several slides from a recent corporate talk, which sparked a week-long rise in DOGE. Payments are briefly mentioned on one slide, but no details are given. The Doge Army’s reaction was to speculate that their favorite coin, which seems to be Musk’s favorite as well, could become the official digital currency of Twitter.
Softernet Deployment on Celo Keeping Celo Price Prediction Bullish
About 10,000 people joined Softernet Round #5 on Optimism’s Goerli network last week. At this rate, all Softernet Rounds will have around 20,000 users. With this momentum, CELO can move forward. Starting this coming Friday, Softernet Round #6 will be available on Celo’s Alfajores Testnet.
Announcing @TokensoftInc’s #Softernet deployment on #Celo!
Tokensoft is a top-tier launchpad that brings one of crypto’s largest testnet communities to Celo.
Learn more about how to participate ⤵️https://t.co/hyl6gSvfp6
— Celo (@CeloOrg) December 3, 2022
Celo Price Prediction – Up 18% to $0.69
The CELO/USD pair is currently trading at $0.71745 with a 24-hour trading volume of $171 million. Celo has increased by more than 20% in the last 24 hours. CoinMarketCap now ranks #84 with a live market cap of $343 million. There are 478,832,129 CELO coins in circulation, with a maximum supply of 1,000,000,000 CELO coins.
CELO Price Chart – Source: Tradingview
On the technical front, the CELO/USD coin is trading bullishly above the $0.5816 support level. On the upside, CELO is likely to encounter immediate resistance at $0.7960. A bullish breakout of the $0.7957 level can expose the CELO price to the $0.9253 level, and a bullish crossover above this level can expose the CELO price to the $1.1875 level.
On the downside, a break below the $0.5815 support zone may initiate a selling trend up to the $0.4165 level.
A further breakout of the $0.4165 level has the potential to push the CELO price toward the next support level of $0.2000. However, the MACD and RSI indicators support a buying zone, so the chances of a bullish trend over $0.5810 remain high.
3 Coins Making Highlights
On the cryptocurrency market, many new currencies are available, providing investors with a diverse range of options. Dash 2 Trade, Calvaria, and RobotEra are some of the best coins to buy.
Dash 2 Trade (D2T)
D2T is a cryptocurrency analytics tool that also serves as a decentralized trading platform, allowing users to backtest their strategies and see how they performed in the past. It helps traders by allowing them to conduct transactions automatically without requiring human intervention. Investors will benefit greatly from a number of Dash 2 Trade platform features.
Trading signals can also be used by traders to alert investors to market opportunities and encourage them to buy or sell. Adopting strategies and trading may go much more smoothly with the use of strategy builders and social trading platforms than they would otherwise.
Following the presale, the project will be listed on the BitMart and LBank exchanges. Despite the fact that the presale has only recently begun, the platform is rapidly approaching the stage 3 conclusion.
The platform’s native token, D2T, will be used to pay for platform services as well as to participate in community initiatives and competitions. The cryptocurrency is currently in pre-sale and has raised more than $8.2 million. Its presale is almost finished, with an 94% completion rate.
Calvaria (RIA)
Calvaria, a free-to-play game, defies traditional pay-to-earn gaming by giving users NFTs as soon as they sign up. As a result, neither financial nor technological resources are required for game participants.
By making it easier for investors, the network hopes to accelerate the adoption of Web3b gaming. The high barrier to entry for non-crypto gamers is one of the main reasons Web3 games have yet to take off more widely.
Calvaria intends to address this issue by granting non-crypto players access to all game features. Calvaria rewards players for competing using trade cards or NFTs. The RIA ERC-20 token will power the Calvaria ecosystem. It is the governance token for the platform.
Investors were very interested in Calvaria’s early-round crowdfunding. The first four stages of its presale were quickly sold out, and stage five is nearly 72% sold out. Investors who want to buy 30.77 RIA tokens for USDT 1 must act fast before the presale ends. Calvaria has raised approximately $2.2 million since the start of the presale. When stage 5 is completed, the total project funding will be $3,075,000.Traders can also use trading signals
RobotEra (TARO)
RobotEra is a free-to-play game that allows users to design their own planet in the Metaverse. Each player represents the core RobotEra NFTs as a Robot. Players can enlist the help of robot companions to rebuild the shattered planet Taro, increasing the value of metaverse plots of land. All gamers who enjoy creating and maintaining games will find a variety of options on the network.
In RobotEra, active and passive money can be earned by completing quests and participating in community activities such as concerts, planting holy trees, mining, staking, and a variety of other activities. Lbank Labs has also provided financial and advisory support to the program to ensure its success.
The RobotEra pre-sale began on November 9. It is one of the most popular presales for 2022, and it serves as the multiverse’s currency. If you have USDT or ETH in your wallet, you can buy tokens directly.
Currently, 0.020 USDT equals 1 TARO. The first presale will end soon, with a $0.025 price increase. The platform’s native token, TARO, is now on presale and has raised more than $348,000.
- Celo Price Prediction – What’s Behind the Pump as Celo Leaps 33%?
- Where to Buy Celo Crypto – Beginner’s Guide
- 10 Best Altcoins to Invest in 2022 – Which New Alts to Buy to 10x
Dash 2 Trade - New Gate.io Listing
- Also Listed on Bitmart, Changelly, LBank, Uniswap
- Collaborative Trading Platform Token
- Featured in Bitcoinist, Cointelegraph
- Solid Proof Audited, CoinSniper KYC Verified
- Trading Community of 70,000+ Members
This article was written for Business 2 Community by Arslan Butt.
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