Top Cryptos for July 2022: DASH, CEEK, Cardano (ADA) and Gorilix (SILVA)

Image

In this economy, money really matters. Today we will look at our top cryptocurrencies for growth in July 2022.

Gorilix (SILVA)

Gorilix (SILVA) is the new kid on the block aiming to make a massive impact in the crypto space. In less than a month, the price of SILVA has risen dramatically from $0.008 per token (₦3.32) to $0.02125 (₦8.85) each. The 165% growth that it has shown has by far beaten the returns from popular cryptos Bitcoin (BTC), Ethereum (ETH) and Dogecoin (DOGE), whom have all made losses of over -30% in that time.

The growth of the Gorilix (SILVA) token looks like it will continue for some time, with the popularity of the token growing day by day. Often when a token is in its presale stage, it is the best time to buy it due to the high growth potential on launch and the bonus offers given to early supporters.

SILVA is the native token for the Gorilix Defi platform. With Gorilix Defi, you are able to maximise your entire crypto portfolio by staking and lending under utilised tokens to receive interest. Annual interest can reach as high as 20% per annum, depending on the number of tokens you lend or stake through the platform.

To buy your SILVA tokens or learn more about Gorilix DEFI, visit Gorilix.io.

To register for the presale: https://cabinet.gorilix.io/sign-up

To join the Telegram, Twitter & Instagram: https://linktr.ee/Gorilix

CEEK VR (CEEK)

CEEK VR is a metaverse platform for creatives. The currency has grown by 73% over the past 30 days and looks like it could continue to grow. CEEK has some strong partnerships, including Universal Music Group, one of the biggest record labels in the world and Apple. Given the strength of CEEK VR’s partnerships and the current price rally, the price could still rise.

DASH (DASH)

DASH can be considered as one of the many descendants of bitcoin. Created from a hard fork in Litecoin, which itself was derived from Bitcoin, DASH aims to be the most user-friendly and scalable payment-focused cryptocurrency in the world. DASH has been one of the top traded cryptos in Nigeria for many years due to its similarities to Bitcoin, but it is seen as a cheaper alternative. With an increased emphasis on low transaction fees, we expect the utilisation of DASH to increase over the coming months and years.

Cardano (ADA)

Cardano (ADA) is one of the most popular cryptocurrencies in the world, currently ranked as the 8th largest crypto by market cap. Many see it as a blockchain for the future, which has helped its growth. Currently trading at $0.4466 (₦186.46) per token, there is still a belief that it can go back to its all-time high of $3.10 (₦1287.44)

Share
Related Stories
Image
28-February-2024

Naira Loses N33 to Trade at N1,615/$1 at Official Market

By Dipo Olowookere It was a bad day for the Naira in the official market, the Nigerian Autonomous Foreign Exchange Market (NAFEM), on Tuesday as its value weakened by N33.00 or 2.09 per cent against the United States Dollar to sell at N1,615.94/$1 compared with the previous day’s N1,582.94/$1. This came on a day the Governor of the Central Bank of Nigeria (CBN), Mr Yemi Cardoso, reemphasised that the Nigerian currency was grossly undervalued. While briefing newsmen yesterday on the outcome of the Monetary Policy Committee (MPC) meeting, Mr Cardoso stressed that the current rate was not the true value

Image
27-February-2024

BREAKING: CBN Raises Interest Rate by 400bps to 22.75%

By Aduragbemi Omiyale The Central Bank of Nigeria (CBN) has announced a 400 basis points or 4.00 per cent hike in the Monetary Policy Rate (MPR). The Governor of the CBN, Mr Yemi Cardoso, while addressing journalists at the end of the two-day Monetary Policy Committee (MPC) meeting in Abuja on Tuesday, said the team agreed to push the benchmark interest rate to 22.75 per cent from the 18.75 per cent it was increased to in July 2023, when the MPC was last held. Business Post reports that the Cash Reserve Ratio (CRR) was raised by 12.5 per cent to

Image
27-February-2024

FG Sets March 2024 for OB3 Gas Pipeline Completion

By Adedapo Adesanya The federal government has set March 2024 for the completion of the Obiafu-Obrikom-Oben (OB3) gas pipeline. This was disclosed by the Minister of State for Petroleum Resources (Gas), Mr Ekperikpe Ekpo, in his industry address during the opening ceremony of the 7th edition of the Nigeria International Energy Summit (NIES 2024) at the Presidential Villa, Abuja on Tuesday. According to him, the projected completion timeline was in alignment with the estimates provided by Oilserv Limited. The pipeline is expected to deliver 2 billion cubic feet of natural gas per day from the Obiafu, Obrikom, and Oben fields

Image
29-February-2024

Naira Gains as Binance, Others Halt USDT, USDC Exchanges Amid Crackdown

By Adedapo Adesanya The Naira appreciated against the US Dollar in the foreign exchange (FX) market on Wednesday, February 28 as crypto exchanges like Binance, will no longer allow users to buy the US Dollar Tether (USDT) and US Dollar Coin (USDC) stablecoins with Naira after renewed scrutiny from the Nigerian government. The regulatory crackdown continued in the Nigerian FX market as the country moved to aggressively suppress the activities of spectators and traders across digital platforms. On Wednesday, the Nigerian government tricked two executives of Binance – an American and a British Pakistani into the country for a meeting

More Stories
Image
16-May-2022

NGX, Others to Enhance Liquidity With Cross-Border Trading of Securities

By Aduragbemi Omiyale Investors who intend to have access to more securities across the African continent would soon be able to do so from the comfort of their homes and offices. This is because 14 key stock exchanges on the continent, including the Nigerian Exchange (NGX) Limited, are facilitating cross-border trading platforms and free movement of investments. Others involved in the pilot phase are the Casablanca Stock Exchange (CSE), the Egyptian Exchange (EGX), Johannesburg Stock Exchange (JSE), Nairobi Securities Exchange (NSE), Stock Exchange of Mauritius (SEM) and Bourse Régionale des Valeurs Mobilières (BRVM, which has eight West African countries). At

Image
19-May-2023

Unlisted Securities Index Closes Flat as CSCS Chalks up 0.01%

By Dipo Olowookere The NASD over-the-counter (OTC) Securities Exchange was in a stalemate on Thursday despite recording a price mover at the close of transactions. The share price of Central Securities Clearing System (CSCS) Plc went up by 1 Kobo during the session to N13.56 per unit from the previous day’s closing price of N13.55 per unit. However, this did not change the course of the NASD Unlisted Securities Index (NSI), which remained unchanged at 714.48 points, according to data obtained by Business Post from the alternative stock exchange. But the value of the bourse, which is measured by the

Image
04-February-2022

2023 Presidency: Quality Leadership & Governance, the Asiwaju That I Know

By Tunde Olaogun There are different kinds of leaders; therefore, there are no “set” qualities that have to be present in all leaders. Rather, an effective leader draws from a range of personal qualities to help them deal with different circumstances and challenges. In fact, part of growing strong as a leader is through expanding one’s personal qualities. When we are not strong in a particular quality, it is also wise to seek the contributions of others who are strong in that quality. After all, no man is an island of knowledge. A well-organized person can help to complement the

Image
15-August-2022

Old English Supermarket Opens New Outlet in Surulere

By Modupe Gbadeyanka A new outlet of a novel superstore, Old English Supermarket, has been opened in the Surulere area of Lagos State, increasing the number of outlets of the company to five in the commercial capital of Nigeria. The new store will serve residents of Surulere and its environs and it followed the demand for the brand in the area. With its branches in Omole, Abule Egba, GRA-Ikeja, and Isolo already satisfying customers and enjoying good patronage, the new outlet will cater for a new set of customers who want quality service and an innovative approach to customer satisfaction

Image
11-March-2020

Lagos Taxi Drivers Launch EkoCab App

Lagos State Yellow Taxi/Cab Drivers Association on Tuesday, March 10, 2020, launched a digital mobile app to enhance their operational efficiency. General Secretary of the Lagos State Yellow Taxi Drivers & EkoCab Association, Mr Taiwo Omolekan, thanked the Lagos State Government for its consistent support towards the realisation of the EkoCab App. He said take-off scheduled for the mobile application is March 17, 2020. He disclosed that the application has been designed to enable the Ministry of Transportation monitor commuter patterns to aid the state government in proffering innovation regulations and solutions for overall improvements in the Lagos transportation sector.

Image
14-July-2021

Oil Rises 1% as IEA Expects OPEC+ Rift to Tighten Market

By Adedapo Adesanya Prices of crude oil jumped more than one per cent on Tuesday after the International Energy Agency (IEA) said the market should expect tighter supply. In its monthly report, the Paris-based agency revealed that the market’s supply chain will tighten in the near time due to disagreements among major producers over how much additional crude to ship worldwide. Prices would be volatile until differences were resolved among members of the Organization of the Petroleum Exporting Countries and other oil producers, it said. “The OPEC+ stalemate means that until a compromise can be reached, production quotas will remain

Image
12-April-2017

Tigo Launches Call Centre in Tanzania

By Dipo Olowookere Tigo, Tanzania’s leading Digital Lifestyle company, has announced the opening of a new state of the art Call Centre, the first of its kind in the country. Boasting the latest technology, the Call Centre complete with embedded data security measures to protect customer information and identity, has been designed to offer Tigo customers dedicated world-class service. Migrating from E1 to the latest in Call Centre technology – the Session Initiation Protocol (SIP), allows for wide range of functionality and agility necessary to service Tigo’s dynamic 10 million-strong, and growing, loyal customer base. With USSD/SMS platform for query

Image
06-January-2017

LRC Not Authorised to Make Laws—Lagos Assembly

By Dipo Olowookere Lagos State House of Assembly has debunked the allegation that there is an overlap between Law Reform Commission (LRC) and the state assembly. Mrs Adefunmilayo Tejuoso representing Mushin Constituency I, who brought the matter to the floor of the House, stated that there have been rumours that the LRC is performing the Assembly’s duties. This insinuation emanated shortly after the presentation of the 2017 budget presentation. In her submission at the plenary, the lawmaker said that there was need to clarify the duties of the LRC, which does not include lawmaking. She further pointed out that there

Ad
Ad
Recent Stories
Image
29-February-2024

Africa Beyond Russia’s Grains Partnerships

By Kestér Kenn Klomegâh Until sustainable food security is established through modernizing agriculture and ensuring adequate support for local farmers, Russia’s grain supply would be a soft geostrategic bait (i) to reinforce the existing time-tested relationships with Africa and (ii) to solicit an endorsement for the unprovoked war in Ukraine. In a speech delivered on March 20, 2023, during the interparliamentary conference ‘Russia-Africa’ held in Moscow, President Vladimir Putin described six African countries as the least developed and poorest in the world that are urgently in need grains, alternatively referred to as humanitarian aid, to feed its population. The beneficiary

Image
29-February-2024

MasterCard, MTN Partner to Boost Digital Commerce, Payments

By Aduragbemi Omiyale A partnership aimed at driving acceleration of the mobile money ecosystem in Africa across 13 markets has been entered into between Mastercard and MTN Group Fintech. This is coming shortly after the payments giant completed the purchase of a minority stake in the telecommunications company. The deal will see Mastercard giving a prepaid virtual card tailored for MTN’s MoMo customers, granting them access to over 100 million acceptance points worldwide. Additionally, it will empower MoMo merchants to seamlessly accept card payments, enhancing the platform’s instant cross-border money remittance services and capabilities. Further, Mastercard will use its cutting-edge

Image
29-February-2024

Adesina to Receive Prestigious Obafemi Awolowo Prize for Leadership

By Ichie Enyi Ejike Umunnabuike Jr Come March 6, 2024, the Lagos Continental Hotel will host an unforgettable occasion when the President of the African Development Bank (AfDB), Mr Akinwumi Ayodeji Adesina, will be formally honoured and presented with the distinguished Obafemi Awolowo Prize for Leadership 2023. The Obafemi Awolowo Prize for Leadership was first announced in December 2012, with the official award ceremony held on March 6, 2013. Before Mr Adesina was announced as its fourth recipient, three other distinguished personalities had been conferred with the prestigious award – Noble Laureate, Prof. Wole Soyinka; former South African President, Thabo

Image
29-February-2024

Exploring Diverse and Evolving Sounds of Africa

Africa’s music scene is a sonic melting pot, where rhythms collide and cultures connect. It’s a universal language, a force that breaks boundaries and fuels the soul. This sonic tapestry isn’t just diverse – it’s explosive. Afrobeats and Amapiano own the spotlight right now. Those irresistible Afrobeats hooks? They’ve got the whole world dancing. And Amapiano’s hypnotic blend of South African house and street sounds? It’s straight-up addictive. Mainstream African artists are pushing the boundaries like no one else, taking Amapiano and running with it. They’re injecting their fire, creating a whole new flavour. This is proof that African music

Image
29-February-2024

Nigeria Needs Policies that Prioritize Economic Recovery—Peter Obi

By Adedapo Adesanya The presidential candidate of the Labour Party in the 2023 general elections, Mr Peter Obi, has raised concerns over the recent decision of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) to increase the Monetary Policy Rate (MPR) to 22.5 per cent and the Cash Reserve Ratio (CRR) to 45 per cent. Mr Obi warned that this move is likely to worsen the ongoing economic challenges faced by many Nigerian households, and emphasized the need for policies that prioritize economic recovery. In a statement issued via X (formerly Twitter), the businessman and former

Image
29-February-2024

Silence Laboratories Raises $4.1m for Privacy-Preserving Computing

By Adedapo Adesanya Silence Laboratories has announced securing $4.1 million in funding to enable privacy-preserving collaborative computing led by Pi Ventures and Anurag Arjun, along with several prominent angel investors. In a statement shared with Business Post, the company said with the market for privacy-enhancing technologies (PETs) growing globally at a compound annual growth rate of 26.6 per cent, there is growing demand. In recognition of this, Silence Laboratories is offering to provide mathematical guarantees for techno-legal expectations as part of a mission to create infrastructure to enable complex data collaborations between enterprises and entities, without any sensitive information being

Image
29-February-2024

MainOne Stretches Submarine Cable to Akwa Ibom

By Modupe Gbadeyanka A submarine cable spanning 45,000km in length known as 2Africa has been landed in Akwa Ibom State by MainOne, an Equinix company. It is one of the world’s largest subsea cable projects and will interconnect Europe, Asia, and Africa, with a design capacity of up to 180Tbps. The cable is the first and only submarine cable system in Nigeria outside of Lagos, and it marks a significant milestone in enhancing broadband connectivity and driving economic development in the South-South, South-East and North-Central regions of Nigeria. The significance of 2Africa lies in its capacity to address critical internet

Image
29-February-2024

Russia, Mali Review Military Partnership

By Kestér Kenn Klomegâh  Russian Foreign Minister Sergey Lavrov has offered an increased military partnership during the latest bilateral talks held on February 28, 2024, with his Malian counterpart Abdoulaye Diop in Moscow. The significance of Russian support is directed at fighting terrorism and enhancing the combat effectiveness of the Malian army and law enforcement agencies, including the training of soldiers and police officers The interim military government has maintained a well-developed multifaceted nature of bilateral relations with Russia since the military ascended into political power. Russian leader Vladimir Putin and Mali’s Interim President Assimi Goita on the sidelines of

Image
29-February-2024

Anthropics Unveils Zyler Virtual Try-On for Menswear

By Modupe Gbadeyanka One of the global leaders in virtual fashion try-on technology, Anthropics, has moved to transform the future of online shopping with the introduction of the Zyler Virtual Try-On for menswear. The new initiative will improve the way consumers shop for clothes, providing a realistic virtual try-on experience. With it, customers can upload a headshot, enter some measurements, and then see themselves on the screen wearing the outfit. Powered by the latest research in Artificial Intelligence, Zyler creates a lifelike virtual representation of the user, allowing them to see how different garments fit and look on their unique

Image
29-February-2024

Aradel Holdings, CSCS, FrieslandCampina Sink NASD Exchange by 0.79%

By Adedapo Adesanya Profit taking in the trio of Aradel Holdings Plc, Central Securities Clearing System (CSCS) Plc, and FrieslandCampina Wamco Nigeria Plc made the NASD Over-the-Counter (OTC) Securities Exchange close the midweek session further in the red territory on February 28 by 0.79 per cent. Aradel Holdings Plc lost N20.50 to close at N2,500.00 per share compared with the previous day’s N2,520.50 per share, CSCS Plc depreciated by N1.35 to end the day at N18.65 per unit versus the N20.00 per unit it was traded on Tuesday, and FrieslandCampina Wamco Plc declined by 63 Kobo to N70.25 per share