According to @CryptoMichNL, Covalent ($CXT) has launched a new ecosystem that allows users to stake $CXT tokens and earn $TAIKO tokens as rewards. The first token available for earning through this staking mechanism is $TAIKO. CryptoMichNL has personally staked $CXT.

According to @CryptoMichNL, CQT is performing well within its ecosystem and has proposed a rebranding to CXT as part of its strategic evolution. Despite experiencing a significant price correction recently, there is optimism for a positive price movement in the near future.