Weekly Letter of NWC CEO
The markets seem to have woken up again with the end of historically bearish March and the beginning of one of the most bullish months of the year for Bitcoin. That said, Bitcoin took a back seat to Ethereum this week and failed to break out above 60k, while Ethereum rallied into new all time highs on Friday.
One important reason behind the rally in Ethereum and many other altcoins was the US nonfarm payrolls report published on Friday, which exceeded expectations and showed signs of a strong recovery following the pandemic-induced cooldown. This in turn gave investors hope and encouraged investing in high-risk assets, including, of course, crypto.
As for the team here at NewsCrpypto, this week we released our app v2.0, which has been completely redesigned and smoothed out, while a number of new features were also added. The most important ones are probably the smart alerts, which help users stay on top of the market no matter where they are or what they’re doing.
Apart from that, we also announced that we’ve been working on a DeFi protocol for some time now, and we’re confident that it will be the most user-centric and easy to use protocol possible, which will give all NWC token holders the freedom to be their own bank in terms of lending and borrowing. More details on this are coming soon, so stay tuned!
Overall, we have many reasons to be optimistic about the coming month, so I wish you all the best in the markets as well as in all other things, and I look forward to writing to you again next week!