Veröffentlicht von • The Celo Foundation and Google Cloud have announced a partnership to help accelerate Web3 adoption on the Celo blockchain.
• Following news of the agreement, CELO price jumped to intraday highs of $0.73, with trading volume surging 139%.
• CELO price outlook suggests key hurdle is at $0.74 while immediate main support is around $0.56.
Celo Foundation and Google Cloud Partnership
The Celo Foundation and Google Cloud have announced a strategic collaboration to boost Web3 founders building on the Celo blockchain network. As part of the partnership, Google Cloud will provide workshops and computing services to developers, as well as offering credits for use across their platforms. Additionally, Google Cloud’s core team will offer mentorship and guidance during Celo Camp, an eight-week virtual accelerator program.
CELO Price Spikes After News
Following news of the agreement, CELO surged 7% in intraday trading on Tuesday with trading volume spiking 139% over 24 hours. The increased market activity had seen CELO gain 20% in the past week as well as turning positive in the 30-day period with about 2% upside from current levels.
Key Technical Hurdles for CELO Price
The technical outlook for CELO suggests that there is a key hurdle at $0.74 while immediate main support is around $0.56 according to analyst projections. The coin traded at lows of $0.65 earlier in the day before shooting up above its resistance level following news of the partnership with Google Cloud breaking out into bullish territory on Tuesday’s session..
Google’s Firebase Platform for Developers
Firebase is Google’s mobile platform offering cross-platform SDKs for developers to build and ship apps which will be available through this new partnership between Celo Foundation and Google Cloud Services arm as part of their efforts to further increase adoption across Web3 projects built on their blockchain network..
Conclusion
The collaboration between Celo Foundation and Google Cloud should help further increase adoption across Web3 projects built on their blockchain network, boosting prices along the way – something investors seemed to take note off after seeing intraday spikes above its resistance level at $ 0.74 on Tuesday’s session despite previous lows earlier in the day below its immediate main support at $ 0.56 according analysts projections
