Fed Interest Rate Increase Prompts Rally in Gorilix, Polygon, and Uniswap

On July 27, Gorilix (SILVA), Polygon (MATIC), and Uniswap (UNI) all experienced significant price increases. The US Federal Reserve's move to boost interest rates by 75 basis points is credited by analysts as the cause of the upswing. But the good news is not entirely pure.

On the surface, the most recent interest rate increase appears to be a godsend for buy-and-hold cryptocurrency investors, who stand to gain as the biggest central bank in the world keeps up its program of quantitative tightening in response to persistent pressure from inflation on the US dollar. Cryptocurrencies have a chance to become more and more enticing investments as Fed-issued dollars become more expensive to borrow.

However, not all cryptocurrencies are expected to benefit from the Fed's rate hike. On hearing that the rate rise was coming, established tokens like Bitcoin (BTC) saw a spike in price, but were unable to maintain that momentum until the decision had been made official. The most popular coins in the market might be too sensitive to the damaging economic variables affecting the value of the dollar to be attractive substitutes. However, following Wednesday's news, a number of emerging crypto players have been rising.

Even though the second round of Gorilix's presale is still going on, it has emerged as a particularly intriguing alternative to the frequently overhyped initial wave of DeFi platforms. Its roadmap is focused on assisting investors with sensible borrowing and lending with an eye toward value, and its liquidity-based reward system provides the same incentive to save that the Fed has moved to support. SILVA has increased by more than 15% over the past 24 hours, greatly outpacing the gains seen by BTC and other well-known tokens after the rate change.

The native governance token of Uniswap, whose price continued to rise on Thursday even when other coils cooled, is preparing for a September 6 debut of SILVA. UNI increased to around $8.50 by day's end from a low of under $6.80 on Wednesday. It soared once more on Thursday, passing $9.30. Although Uniswap is a well-known and well-respected player in the cryptocurrency space, its role in the introduction of fresher, more resilient coins may have significantly protected it from the negative effects of the Fed's announcement on Wednesday while giving it the freedom to seize new opportunities.

With a market cap of about $5 billion, Polygon may have been compared to Bitcoin and other significant tokens that were unable to maintain their initial midweek gains. But the market has noticed that Polygon offers a different value proposition than Bitcoin, Ethereum, and other general-use tokens due to its focus on dApp development and hosting. The cost of MATIC increased from $0.80 to $0.86 on Wednesday, July 27, and then continued to march upward until lunchtime on Thursday.

The effects of the Fed's bold decisions are rarely one-sided. However, Gorilix, Uniswap, and Polygon are particularly well-positioned to benefit from current developments and upcoming measures by the Fed to control inflation.

Visit: https://gorilix.io to purchase your SILVA tokens or discover more about Gorilix DEFI.

Visit: https://cabinet.gorilix.io/sign-up to sign up for the Gorilix (SILVA) presale.

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