Cross-Chain Capability and Market Trends: Update on Chainlink and Shiba Inu Ecosystems
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Shiba Inu Ecosystem Develops: SHIB Gains Cross-Chain Capability with Chainlink
In a recent update, analysts remain optimistic about Chainlink (LINK) despite its significant decline from its all-time high of $52.70 to currently trading at $23.26, representing a drop of 56.58%. This downward trend has persisted for some time, but experts predict that LINK will recover and potentially reach $35 by January 2025 and as high as $75 by mid-2025.
Similarly, Shiba Inu (SHIB) has also seen a decline, with its price dropping 8.24% over the past 24 hours and 19.92% in the past week.
Despite these declines, it’s worth noting that both LINK and SHIB have made significant advancements in their respective ecosystems. For instance, SHIB has gained cross-chain capability with Chainlink, which could significantly boost its potential for growth and adoption.
As the industry continues to evolve and new developments emerge, we will be keeping a close eye on these trends and providing updates as necessary.
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Source: www.crypto-news-flash.com
