Success has been had by Flow (FLOW), Seedify.fund (SFUND), and Gorilix in the beginning of August (SILVA). Each token has seen a spike in interest, which has led to growth and greater returns for long-term holders of the tokens.
The NFT function will soon be available on Instagram in 100 different countries throughout Africa, Asia, the Middle East, and the Americas, according to a Thursday announcement by Meta (previously Facebook). Ethereum, Polygon, and Flow NFTs will be supported by the functionality at first.
After the announcement, investors rushed to the NFT-focused blockchain, which helped Flow recover some of the value that had been lost over the previous three months. As a result, the token rose by 50% in a couple of hours.
Another coin that has lately fared well is Seedify.fund (SFUND), which increased 59.6 percent this week. The Seedify.Fund (SFUND) cryptocurrency mainly serves as a blockchain gaming incubator and launchpad, allowing developers and incubators to obtain money and forge new partnerships that will advance blockchain technology and gaming in the future. An notification about its stakeholder’s eligibility for the NFT Launchpad’s INOs came after SFUND had been doing rather well over the previous 30 days. With the help of the announcement, SFUND’s growth over the previous 30 days has increased by a total of 149 percent.
In the previous 30 days, the SILVA token has grown by 97 percent, increasing its total increase from the presale launch to over 455 percent. Gorilix (SILVA) has also benefited from some strong growth. Contrary to FLOW and SFUND, it is surprising that there wasn’t a single huge announcement that sparked SILVA’s steady rise. Instead, it is based mostly on the public’s perceptions of the project as a whole. The initiative is being seen as having the potential to revolutionize decentralized finance. The focus of Gorilix DeFi is on taking charge of your cryptocurrency holdings and maximizing the possibilities.
The Gorilix Defi’s focus point is the SILVA token, which users will get as payment for storing, staking, or lending tokens over the platform. Additionally, SILVA will be utilized to provide liquidity for the Gorilix exchange, a DEX that when it debuts will facilitate cross-chain swaps.