CandleFocus Crypto news and prices: Hedera (HBAR), Sei (SEI) and Celo (CELO)
2024-10-02
Author: Content Editor
HBAR, the native cryptocurrency of the Hedera network, saw a decline in price amid a broader market downturn, despite the launch of the first HBAR Trust in the US. SEI, an emerging cryptocurrency, has gained attention and positive outlook from an analyst after breaking a significant resistance and recording a 4% increase in the last day. Celo, praised by Ethereum co-founder Vitalik Buterin, is considering migrating to an Ethereum Layer-2 (L2), which could enhance its interoperability and reduce transaction costs. The growth of stablecoins on Celo and its transition to L2 show promising future interest in the platform, though Buterin warns that some Layer-2 projects may fail.
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