🔔 Covalent (CQT), the data infrastructure for AI, is experiencing fluctuations in the price of its token. After a sharp drop from $0.15 to $0.10, CQT has recovered and is trading around $0.16. 💹

Crypto analyst Michael van de Poppe predicts a recovery for Covalent following a price correction. Covalent also announced an offer to migrate the existing CQT token to the new CXT token, which will help expand the ecosystem and improve liquidity.

🔄 Token migration for holders, operators and delegates is automated, the ratio is set to 1:1.

Covalent recently raised $5 million in strategic funding from several venture capital firms, including RockTree Capital and CMCC Global.

👇 Let's discuss in the comments how this will affect the future of Covalent and the crypto industry as a whole!