Weekly Update: January 7th 2023- January 13th 2023
For this week in the market is it signs of life or a bull trap? We are currently seeing a rally for the top coins in the game right now. Bitcoin has broken through the strong $17k line into almost $19k at the time of writing this. Ethereum is up to $1.4k from $1.2k last week. Lastly, BNB is up to $286 from $260 last week. Twitter is abuzz with talks of a bull market with this recent uptrend, though some remain skeptical with issues of inflation still hanging overhead. Safe to say that everyone would like to see the market turn around for the better.
Bull or bear, Sphynx Labs is still building and going strong this week as well. Sphynx BSC is now at a $1.6m market cap from under $1m just a short time ago. The community sentiment has been quite bullish since the release of the Sphynx NFT Marketplace late last week.
Last week, the Sphynx NFT Marketplace was released with the Binance Smart Chain, Loop Network, and Apex Chain going live simultaneously. Since that short time, the site has already had quite a few improvements with pricing on individual NFTs and cross-chain search going live. A new network has even gone live as well, with users now able to buy, sell, and browse NFTs on the Bitgert-Brise Network. Creators can also apply to be listed across all chains currently supported with zero listing fees. More chains will be coming in the next few weeks.
The next Sphynx Poker Night is coming! Slated for the 20th of January at 5:00pm UTC, the tournament will run until all are knocked out with the top three winning awesome prizes for themselves, and the projects they represent. Full details can be found at the following link: https://t.me/sphynxlabs/1197240
Lastly, progress towards the release of the top 20 partnership Sphynx procured has been made. Expect more details around mid-February.
There is much more to come with Sphynx. Stay tuned for Sphynx’s Weekly Updates posted every Friday, or be informed on the Sphynx Telegram, Twitter, and Instagram pages.
Thank you for reading, and have a great week!
Sphynx Labs Links
Sphynx Mobile App on Apple App Store: https://apps.apple.com/app/sphynx-defi-app/id1626361848
Sphynx Mobile App on Google Play Store: https://play.google.com/store/apps/details?id=com.sphynx