Alchemy Pay has expanded support for Celo, a mobile-first and EVM-compatible blockchain network. Celo is increasingly becoming the ecosystem of choice for more stablecoin and real-world asset (RWA) use cases. However, it is important to note that this does not bring general optimism to the market.

Despite Celo's rapid popularity, the overall cryptocurrency market is still full of uncertainties. Tightening regulations on cryptocurrencies from regulators around the world are putting heavy pressure on the industry. This could negatively impact the operation of cryptocurrency exchanges and the health of the cryptocurrency market in general.

All in all, Alchemy Pay's support for Celo may be a positive step towards a particular blockchain network, but the future of the overall cryptocurrency market is still uncertain. Therefore, it is important for investors to remain vigilant and closely follow regulatory developments around the world.