Bitcoin, Ethereum, Dogecoin Proved No Match For This Rising Star As It Spiked 54% Last Week

Celo CELO/USD, the native token of the mobile-first DeFi platform, is rallying over 54% in the past seven days, trading at $0.651, recorded on Monday 12 a.m. EST.

What Happened: Apex cryptocurrency Bitcoin BTC/USD is up 0.39%, struggling to maintain $16,000, as analysts point out an incoming ‘bull trap’. Ethereum ETH/USD is up 4.04% in the last seven days. 

The price boost for Celo came when the platform announced its partnership with ConsenSys, an Ethereum software company that helped engineer the Merge.  The partnership is intended to kick off Celo’s compatibility with MetaMask, a popular Ethereum-based wallet.

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Huobi Token HT/USD, the in-house token of the Huobi Global exchange, is second on the list gaining 49.62% in the last seven days. 

The third on the list is ApeCoin APE/USD which recorded a 30.12% spike. The rally was seen after ApeCoin DAO, a community-led governing body made up of ApeCoin holders, launched its own non-fungible token, or NFT, marketplace. The new community marketplace lists NFTs from Yuga Labs-owned collections like BAYC, Mutant Ape Yacht Club, Bored Ape Kennel Club and Otherdeed for Otherside metaverse.

Curve DAO CRV/USD is fourth on the list, gaining 26.77%, and Dogecoin DOGE/USD was last on the list, up 25.58%, in the past seven days.

David Gokhshtein, who runs crypto media firm Gokhshtein Media, tweeted on Friday that he expects Elon Musk and Ethereum co-founder Vitalik Buterin to work together to upgrade Doge. The rumored Musk involvement could have been the reason for the spike in Doge, reports said.
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