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Shiba Inu has partnered with Chainlink to enhance its ecosystem with cross-chain capabilities, adopting the Cross-Chain Token (CCT) standard for its assets—SHIB, BONE, and LEASH—across 12 blockchains. Shibarium has integrated Chainlink's CCIP as its canonical cross-chain infrastructure, facilitating low-cost, scalable transactions and access to high-frequency market data, which aims to drive broader adoption and innovation within the decentralized finance space.
Shiba Inu ecosystem lead Shytoshi Kusama has promised to silence critics soon, following a notable partnership with Chainlink that enhances the interoperability of SHIB, BONE, and LEASH across 12 blockchains. This collaboration is seen as the first step in a larger strategy, with more significant announcements anticipated to further bolster the project and address skepticism. Developer Kaal Dhairya hinted that upcoming developments will be even more impactful than the Chainlink integration.
The Shiba Inu ecosystem has partnered with Chainlink, enhancing the utility of its tokens SHIB, BONE, and LEASH across 12 blockchains through the integration of Chainlink’s Cross-Chain Interoperability Protocol. This partnership, along with a new tax burns feature on transactions, aims to drive activity and value within the ecosystem. Despite these developments, SHIB's price remains low, requiring a nearly 50,000% increase to reach the $0.01 target.
Shiba Inu has partnered with Chainlink to enhance its ecosystem by integrating Chainlink’s cross-chain infrastructure into Shibarium, its Layer-2 blockchain. This collaboration will enable Shiba Inu tokens, including SHIB, LEASH, and BONE, to operate across 12 different blockchains, potentially increasing their accessibility and demand. Despite the positive developments, the associated tokens saw a decline, with SHIB down 8.36% and LINK down 6.40% in the last 24 hours.
World Liberty Financial (WLFI), linked to Donald Trump, has swapped 102.9 cbBTC for 103.15 WBTC, reflecting strategic support from Justin Sun amid Coinbase's delisting of WBTC. This move, valued at $10.4 million, underscores WLFI's trust in WBTC's infrastructure and aligns with Sun's criticism of cbBTC's governance. With partnerships enhancing its operations, WLFI is poised for growth in the decentralized finance sector.
Avalanche (AVAX) and Chainlink (LINK) faced significant losses following the Federal Open Market Committee's interest rate cut announcement, with AVAX dropping 16% and trading around $42.35. Analysts project AVAX could reach $60 by year-end in a bullish scenario, while Chainlink shows strong support at $23 despite whale activity raising liquidity concerns. Both assets exhibit potential for recovery, with Avalanche's ecosystem expansion and Chainlink's bullish reversal patterns suggesting possible upward momentum.
Chainlink's price has dropped 8.53% in the last 24 hours, continuing a weekly decline of 13.0%, now sitting at $28.4. Trading volume has decreased by 34.0% over the week, while circulating supply has slightly increased to 626.85 million, representing 62.68% of its max supply. Currently, LINK ranks #13 in market cap at $15.42 billion.
World Liberty Financial (WLFI) has exchanged $10.4 million worth of cbBTC for Wrapped Bitcoin (WBTC), influenced by major investor Justin Sun's criticism of cbBTC and Coinbase's controversial delisting of WBTC. This strategic pivot reflects WLFI's preference for WBTC's established reputation amid growing concerns over cbBTC's governance. Sun's involvement is expected to enhance WLFI's infrastructure through partnerships with Chainlink and TRON, positioning the project for future growth.
Chainlink (LINK) has surged 95% year-to-date, reaching $27.43, with analysts projecting it could hit $60+ by 2025. Predictions suggest a 208% rise, potentially reaching $84 by May 2025, driven by DeFi adoption and favorable market conditions following significant milestones in the crypto sector.
Chainlink has experienced a $75 million outflow, indicating increased whale accumulation and optimism for a price recovery. Despite recent bearish trends, bullish indicators like the TD Sequential suggest a potential short-term rally, with targets of $28.5 to $30.2 if key support holds. Currently trading at $24.85, LINK has seen a 9.02% drop in the last 24 hours, raising concerns of a further decline to $21.75 if downward momentum continues.
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