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, Covalent (CQT) has returned to its November 2023 levels after experiencing a significant correction from its peak in February. The analyst anticipates a substantial price rally for CQT due to recent updates from Covalent.