NAGAX Weekly Recap 18 April - 22 April
It's time for the weekly recap! 🔍
Let's get straight into it and explore the main market movers and news.
Bitcoin Rise Loses Steam After Fed Comments
Federal Reserve Chair Jerome Powell stated on Thursday that hiking the benchmark interest rate by 50 basis points (0.5 percentage point) for the next Federal Open Market Committee (FOMC) meeting in May "will be on the table." As a result, Bitcoin retreated from Thursday's high of $42,965. However, the cryptocurrency might support further gains toward $47,000-$50,000, according to various technical analysts.
Stepping into STEPN: The First ‘Fitness’ Token on NAGAX
STEPN is a lifestyle application that's all about setting up a pedometer and starting to walk or run to receive rewards for your physical and social activity. The project also in a way supports the global warming problem, as walking means fewer car rides and CO2 emissions. $STEPN has experienced a massive rally since the release of its initial exchange offering (IEO). In only a month, it has gone from 15 cents to over $3.00 per token.
The Secret Passive Income Everyone is Talking About
That’s right! Gen Z’s and Millennials have harnessed the power of a new and trending way to earn passive income. Staking cryptocurrency! In fact, both Solana and Cardano’s staking values make up more than 70% of their total circulating supply. Mind-blowing, right? But what really is this new passive income of staking cryptocurrency? Continue reading for more.
Towards a Greener Future: Top Eco-Friendly Cryptos
With the increased focus on climate change, it is almost impossible to hide the impact of cryptocurrencies mined using massive amounts of energy. As evidence of bitcoin's footprint on the environment comes to the forefront, crypto-enthusiasts and the general public are asking how to make the cryptocurrency ecosystem more environmentally friendly.
The Hottest Trends and Most Expensive Digital Bits Ever Sold
There is a demand for this “art” and the NFT market has quietly, but steadily, entered our lives. The good news is that there is a price that determines the value of NFTs. According to the Chain analysis report, NFT sales in 2021 exceeded $27 billion. Based on this indicator and the demand for NFT tokens, let's try to answer the question: which NFTs are trending?
See you next week!
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