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Title: Link’s Optimism Boosts Shiba Inu Ecosystem Development as SHIB Gains Cross-chain Capacity with Chainlink
Shiba Inu, a popular cryptocurrency, has recently collaborated with Chainlink, a leading blockchain-based data provider, to integrate cross-chain capabilities within its ecosystem. This move is expected to bring significant benefits to the Shiba Inu network, allowing it to expand its services and improve overall user experience.
As we all know, both Link and Shiba Inu have been experiencing downward trends in recent times. However, Chainlink’s partnership with Shiba Inu could be the much-needed catalyst for this cryptocurrency’s growth. The analysts at CNF have expressed their optimism about the future of Chainlink, forecasting that it will recover to $35 by January 2025 and potentially reach as high as $75 in mid-2025.
Despite the recent decline in value, LINK is still trading at a relatively low price of $23.26, which represents a significant drop of 56.58% from its all-time high of $52.70 reached on May 10, 2021. Over the past day, the cryptocurrency has experienced a loss of 6.03%, and a decrease of 21.32% over the past week.
In contrast, Shiba Inu (SHIB) has also seen a decline in recent days. The cryptocurrency’s value has dropped by 8.24% over the past 24 hours and an additional 19.92% over the past seven days.
It is essential for investors to remember that no investment advice can be derived from this information, but rather it serves as a source of general knowledge and news.
Source: www.crypto-news-flash.com
