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It’s been an interesting few weeks for the cryptocurrency market, with the tides changing, allowing some coins to see impressive growth while some continued to be plagued by huge losses. Gorilix (SILVA) has gone from strength to strength and is currently up 103% over the past fortnight. Meanwhile, popular cryptos Bitcoin Cash (BCH) and Chainlink (LINK) are experiencing dips in value. The rise in price for SILVA can be attributed to the growing demand due to people taking an interest in the project and backing it to succeed.
The SILVA Token
The SILVA token is a utility token that will be used on the Gorillix platform. The platform has been designed to help people connect with service providers and get their needed services. The token sale started n the 15th of September, and so far, over 9.6 million SILVA tokens have been sold. The SILVA token currently trades at $0.01628, more than double its 0.008 launch price. One analyst mentioned that this kind of growth in current market conditions is any crypto player’s dream.
Gorilix DEFI allows users to become their own banks by allowing users to lend, borrow, stake, and save all ERC20 compatible tokens. Customers who choose to lend or stake through the platform will be rewarded with SILVA tokens. Interest can reach as much as 20% per annum through the platform.
The SILVA presale is currently taking place exclusively on the Gorilix DeFi official website (Gorilix.io).
Bitcoin Cash (BCH) and Chainlink (LINK) Dip
Elsewhere popular tokens BCH and LINK have seen their losses continue in recent weeks. BCH and LINK are down 11% and 10%, respectively, over the past week, punctuating a month of significant losses which have seen prices plummet in June. The continued losses can be attributed to the general bearishness of the market, which has increased concerns amongst investors of both projects who are deciding to trade into stable coins and high-growth cryptos.
Despite the recent losses in value, Chainlink (LINK) has seen a slight increase in its price over the past 24 hours and is now trading 1.4% higher than it was yesterday, which it will hope it can use as a springboard out of its current bad form.
To buy your SILVA tokens, visit Gorilix.io.
To register for the presale: https://cabinet.gorilix.io/sign-up
To join the Telegram, Twitter & Instagram: https://linktr.ee/Gorilix