Urgent: Half-Dollar Coin Soars Like Big Ones by Investing.com



Investing.com – One of the smallest cryptocurrencies managed to post strong gains during Sunday’s trading, outperforming the 100 largest cryptocurrencies by market capitalization.

During these moments of Sunday’s dealings, the Silo coin exploded by more than 40%, while it increased in 5 days by more than 90%, to reach levels of $0.714, while it was less than $0.4 a few days ago.

warning

With the spread of the phenomenon of meme currencies and dog currencies such as Chiba Inu and Doge Coin, which found support from financial and business magnates such as Elon Musk, some dumped currencies began to appear, and investing in them involves high risks, which may reach the extent of losing all your money, so care must be taken. Caution, as all the data contained in the report is just a monitoring of price fluctuations according to the trading platforms.

what happened?

Celo, the leading EVM-compliant blockchain company, has announced that the decentralized platform and automated market maker (AMM) Curve Finance will be deployed on its blockchain network.

Following the launch as per Celo’s announcement, Celo users can now access DEX and AMM from Curve Finance.

Celo is an open platform that supports multiple distributed applications (dApps), smart contract development, and payments using email addresses and phone numbers as public keys.

“Celo is unique with its mobile-first design with a diverse ecosystem and user base in areas where real-world crypto adoption is highest,” said Julien Bouteloup, Curve Core Team Member.

He added that through continuous and long-term cooperation, we aim to bring decentralized financial tools to the masses, such as introducing innovations through the upcoming rewards program using Votemarket from Stake DAO.

More portability

“Curve brings greater usability to Celo, by making it easier for people to use and swap fixed assets for real-world use cases and seamlessly transition in and out of the chain,” says Nikhil Raghuvira, Head of Strategy and Innovation at the Celo Foundation.

The Celo Foundation’s Head of Strategy and Innovation added, “We look forward to deepening our relationship with Curve’s ecosystem, including Stake DAO and Stake Capital, with future scale proposals that support a robust, decentralized Web3 infrastructure – which is needed now more than ever.” gone.”

The announcement follows a post on Celo earlier this year that in July 2022 Uniswap v3 and green asset pools were launched on the Celo blockchain.

The blockchain protocol says the pools will provide access and liquidity to the voluntary carbon market, paving the way for other protocols to integrate programmable carbon credits into Celo to accelerate climate action.

Deploying Curve on Celo is the latest development in a partnership dating back to last year. In August 2021, Celo launched its “DeFi for the People” (DFTP) initiative, of which Curve is a founding member.

cello evolution

According to the data available on CoinMarketCap, Silo rises during these moments by 30%, while it increased by 40% during Sunday’s trading, from $0.51 to $0.714.

Selo coin rose in a week by 50%, while its market value jumped to levels of $ 311 million, and it ranks 94th among the largest cryptocurrencies in terms of market capitalization, which is now topping the list of gains, according to the Coin MarketCap data.

On the other hand, the Silo coin decreases by 8% within a month, while it declines by more than 15% within sixty days, and by 20% within 90 days, while the Silo symbol decreases by 87% since the beginning of the year.

It is mentioned that some currencies involve outrageous fraud and a major deception that may destroy the fortunes of those looking for a foothold in the land of dreams, as they catch up with a currency from its inception, so that it may be the new one. Moreover, the digital currency market, specifically those new currencies, as it goes off at full speed and decreases at full speed also, As it is a highly volatile market with high risk, therefore, you must be very careful when dealing with cryptocurrencies that can make you rich overnight, and may steal your money in moments…

The article does not express a recommendation or nomination, but merely monitors the fluctuations of the market, as trading in digital currencies involves high risks, including the risk of losing some or all of the investment amount, noting that it is not fully subject to the bodies and markets.

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