Sphynx Weekly Update April 9th-April 15th, 2022: Sphynx maintains its position in a bearish market.
The bears have roared through the Crypto market in the last week, with Bitcoin plunging below $40,000. However, Sphynx Labs has held its footing, with Sphynx BSC’s market cap remaining at $11 million and Sphynx BRC’s market cap remaining around $9 million.
Sphynx Labs continues to devote all of its efforts to advancements, regardless of market reaction. For example, they plan to release three important utilities to the AIO ecosystem over the next month. In addition, the Sphynx Wallet’s security is being tested regularly, guaranteeing that investors may invest with confidence.
The wallet was designed to mimic the simplicity and functionality of a centralized exchange while giving consumers complete control over their assets. The mobile application will include the whole dAPP and a wallet, giving you everything you need to trade Crypto in one convenient location.
Sphynx Labs has been integrated into @Dextools, and Sphynx is officially recognized as a DEX! If you search for us on their platform, you’ll see a link to thesphynx.co, where you may buy our token.
Many Crypto YouTubers have started producing films describing what Sphynx Labs has to offer in the last week. This will attract many new eyes to the project, many of whom may not know Sphynx’s all-in-one platform. Sphynx Labs is also negotiating with Crypto Influencers on platforms like Twitter and Telegram to form collaborations and reach out to their respective audiences.
For projects requiring a professional and well-supported launch, the SphynxPad remains a fantastic option to rivals. In addition, new projects on the BRC Blockchain and new staking pools on the BSC Blockchain were added this week, bringing the total locked liquidity on the network to USD 10 million.
The Genesis NFTs have been in high demand, rising from their floor price of 0.018 to 0.14 ETH. However, it’s not too late to get your hands on Genesis and profit from the ETH Bridge as a passive revenue source. Visit https://opensea.io/collection/sovereignsphynxcouncilnft to purchase one.
Finally, the Sphynx Bridge is almost finished, and it will make it easier for investors to trade reliable and alternative tokens across different Blockchains. In addition, ecosystem marketing is progressing nicely with development.
Another fearful week in the Crypto Market as the bears hang around, intimidating investors. Bitcoin fell to around 38k and is not staying above $40k. Ethereum is now just over $3k, and BSC is holding on to $420. Once again, it is difficult to predict where the market will go, but its consolidation signals are on the mend.
There is much more to come with Sphynx as more and more projects are launching and staking on the platform, more utilities such as the Sphynx Wallet and Sphynx App will be coming out, and great partnerships to be announced. Stay tuned for Sphynx’s Weekly Updates posted every Sunday or be informed on the Sphynx Telegram, Twitter, and Instagram pages.
Thank you for reading, and have a great week!
DEX: thesphynx.co
Website: sphynxlabs.co
Linktr.ee/sphynxlabs
