The past few weeks have been crazy in the crypto world, with unprecedented challenges for everyone, including projects and investors.
We just wanted to reach out and let you know that Waggle is able to weather the storm, and we aren't going anywhere but forward. You have our words.
We are building behind the scenes and have already implemented several new functionalities to our site, with more to come. Recently, we have built a network of top-tier projects and hope to bring them to you under better market conditions over the coming months.
Thank you for supporting and believing in us during this bearish period.
The past few weeks have been crazy in the crypto world, with unprecedented challenges for everyone, including projects and investors.
We just wanted to reach out and let you know that Waggle is able to weather the storm, and we aren't going anywhere but forward. You have our words.
We are building behind the scenes and have already implemented several new functionalities to our site, with more to come. Recently, we have built a network of top-tier projects and hope to bring them to you under better market conditions over the coming months.
Thank you for supporting and believing in us during this bearish period.
Stay tuned for upcoming announcements!
Team Waggle Network.
BY Waggle Network Official Announcement
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A project of our size needs at least a few hundred million dollars per year to keep going,” Mr. Durov wrote in his public channel on Telegram late last year. “While doing that, we will remain independent and stay true to our values, redefining how a tech company should operate.
Spiking bond yields driving sharp losses in tech stocks
A spike in interest rates since the start of the year has accelerated a rotation out of high-growth technology stocks and into value stocks poised to benefit from a reopening of the economy. The Nasdaq has fallen more than 10% over the past month as the Dow has soared to record highs, with a spike in the 10-year US Treasury yield acting as the main catalyst. It recently surged to a cycle high of more than 1.60% after starting the year below 1%. But according to Jim Paulsen, the Leuthold Group's chief investment strategist, rising interest rates do not represent a long-term threat to the stock market. Paulsen expects the 10-year yield to cross 2% by the end of the year.
A spike in interest rates and its impact on the stock market depends on the economic backdrop, according to Paulsen. Rising interest rates amid a strengthening economy "may prove no challenge at all for stocks," Paulsen said.
