Why Celo Is a Top-Performing Cryptocurrency Today, Surging 12%

Today, one of the best-performing mid-cap cryptocurrencies is Celo (CRYPTO: CELO). As of 11:30 a.m. ET, this token with a $2 billion market cap surged 12.1% higher on some rather intriguing news.

Namely, the Celo Foundation has announced a rather large incentive program to entice developers to its network. Developers can receive $50,000 for being the first to establish an on- and off-ramp in a given country. Additionally, the foundation has committed to subsidizing up to $100,000 in fees per country, to improve the network's global reach.

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Source Fool.com