While cryptocurrency mainstays Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) struggled on Tuesday, June 12, investors found value in smaller-cap tokens. Polygon (MATIC) and Loopring (LRC) both edged higher, sustaining momentum from a strong Monday. Meanwhile, Gorilix (SILVA) is rounding out its presale on a strong note that distinguishes it from the rest of the field.
Gorilix, whose platform is devoted to emulating popular banking functions in the crypto space, has posted gains of more than 230% since the June launch of its presale. Stage one of the presale ends on July 21, and quantities of SILVA will be limited progressively over the course of the final two rounds.
Gorilix facilitates borrowing and lending tokens within the Ethereum ecosystem, offering each investor to function as their own bank. Its interest-rate model is predicated on the token’s liquidity, rewarding investors who buy and hold what is shaping up to be a highly desirable token following its September listing on Uniswap.
Layer-2 pioneer Polygon has been especially consistent in its pursuit of the monthly high it posted, as did most popular cryptocurrencies, late the previous week. After slipping to $0.54 on Monday, down from $0.62 on Friday, Polygon has re-established its valuation in the $0.56 – $0.58 range. In the current crypto investment climate, this represents a relatively stubborn preservation of Polygon’s value, and a clear sign that investors continue to find strong value propositions in tokens with less market capitalization than the industry’s biggest names.
MATIC is still a relatively prominent currency, with market capitalization of more than $4.6 billion. That figure pales, though, in comparison to those of BTC, ETH, and even DOGE, whose market caps clock in at nearly $380 billion, more than $130 billion, and $8.2 billion, respectively.
Loopring, which prides itself on a more decentralized, non-custodial approach to cryptocurrency valuation and exchange, has established itself as a compelling alternative to more traditional tokens since its 2017 ICO. While its strong community base reflects its distinctive appeal, the same qualities have made LRD something of a boutique token, and its market cap stands at roughly half a billion dollars.
Like MATIC, LRC suffered a weekend slide that extended into Monday, and like its larger counterpart, it rebounded impressively from that Monday low. But LRC’s recovery was a bit more dramatic: while Polygon’s show of strength drove it 11% higher, Loopring posted a gain of more than 14%. Tuesday saw some investors taking their winnings and others consolidating their positions, re-establishing a higher level of support than it enjoyed at the start of the previous week.
Polygon has posted a net gain over the past 30 days, and Loopring has kept its losses below 12% while BTC and ETH have lost more than 27%. A looming value play, though, may still be weeks away from its formal debut.
To buy your SILVA tokens or learn more about Gorilix DEFI, visit https://gorilix.io.
To register for the presale: https://cabinet.gorilix.io/sign-up
To join Gorilix on Telegram, Twitter & Instagram: https://linktr.ee/Gorilix
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