This is an overview of current and future prices, with special attention to the latest news that sees them as protagonists.
Celo is a platform that serves as a global payment infrastructure for cryptocurrencies and is aimed at mobile users.
Axelar, whose native cryptography is AXL, on the other hand, is an interoperability solution and provides the necessary infrastructure for continuous and secure communication between Blockchains through decentralized applications.
However, the new memecoin Spongebob (SPONGE) was recently launched on Uniswap, the popular decentralized exchange (DEX). Notably, on its first day of launch, the token generated over $8 million in trading volume and could offer even higher returns thanks to the growing popularity of memecoins in 2023.
Focus on Celo Crypto Price, Comparison to Axelar and Sponge
Currently, the price of Celo (CELO) cryptocurrency is $0.516274, with a 24-hour trading volume of $7,793,316. This implies a price increase of 1.43% in the last 24 hours, but also a price decrease of -10.36%% in the last 7 days.
Additionally, Celo’s daily volume is $7,793,316 over the last 24 hours, representing a decrease of -36.50%, as compared to a day ago and a recent drop in market activity. In fact, the maximum price paid for Celo is USD 9.82, recorded in August 2021. Therefore, the current price is -94.74% lower than the all-time high.
Finally, it can be noted that, with a price decline of -10.40% in the last 7 days, Celo crypto has underperformed the global cryptocurrency market, which has dropped by -3.60%, while that similar coins in the Celo ecosystem are underperforming which are up 18.20%.
Crypto news for Axelar: Integration with Sommelier
Recently, Sumiller and Axelar announced an integration that combines the best of both platforms: a new Cosmos application chain and leading Ethereum Layer-2 into a DeFi application that welcomes ecosystems.
In fact, Axelar GMP allows any information, and not just liquidity, to move between the Cosmos and EVM ecosystems, promoting consistent interoperability.
For Sommelier, on the other hand, GMP is the means to empower DeFi in the EVM world. Sommelier has already established traction with successful jumps in Ethereum, including Real Yield ETH and Real Yield USD, both of which set a new standard for market-friendly, smart, non-custodial vaults.
Additional deposits will be able to run through the combined architecture of Sommelier’s Cosmos app chain and Axelar GMP to access unique DeFi apps like GMX on Arbitrum One.
Crypto Sponge up 4000%: The Memecoin that Outperforms All Others
The SPONGE crypto is apparently taking over the entire cryptocurrency market after surpassing 4000% since its launch and creating a new wave of memecoin millionaires. In fact, the market has seen some exceptional price increases in recent weeks, particularly in the memecoin sector.
Projects like PEPPER and Wojak have risen by several thousand percent in the last two weeks, but Spongebob Token has managed to rally and replicate a 4000% price increase just four days after launch. In addition, shortly after its launch it has a market capitalization of more than $90 million.
The token has cooled slightly since its launch on the Uniswap DEX on May 4, which is to be expected after such a parabolic upward move. However, the pullback offers an opportunity for those on the sidelines to finally get involved in the new Sponge memecoin that may outshine PEPE.
By Audy Castaneda
