Recently Vitalik Buterin, the Ethereum co-founder, praised the project’s recent achievement in terms of daily active stablecoin addresses, which lead to a 25% price surge, valuing $0.68 as of 18 hours ago.

This growth has also been determined by the rising number of users of apps like Minipay and Valora.

Celo is set to shift from an Ethereum Virtual Machine (EVM)-compatible layer 1 blockchain to an Ethereum layer 2 on September 26. The move is expected to enhance integration between the Celo and Ethereum networks, offering new capabilities previously unavailable.

This mix of technological innovation and social impact positions Celo as a project with strong long-term potential.

However, the hype from Buterin’s endorsement, while encouraging, also presents risks as the price surge might be driven more by market sentiment than by sustainable growth. Hopefully it is not just speculative excitement Show Less