What Has Shiba Inu & Chainlink Investors Both Invested In & Will It 20x As Experts Say?
The post What Has Shiba Inu & Chainlink Investors Both Invested In & Will It 20x As Experts Say? appeared on BitcoinEthereumNews.com.
The last 24 hours have been terrible for the cryptocurrency market. Bitcoin crashed to $91k, but its loss pales compared to the altcoin market. Amid this, Shiba Inu and Chainlink investors are aggressively investing in one cryptocurrency: 1Fuel. What is unique about it? And why are experts claiming it will do 20x in 2025? Shiba Inu’s loss mirrors the memecoin market The memecoins market was one of the most affected, and Shiba suffered considerable loss, hitting $0.00001284. Beyond the short-term crash, a descending triangle pattern formed on the weekly chart is not the good news Shiba investors hoped for. Moreover, newer memecoins like Trumpcoin disrupted the meme market at the start of the year, and by all indications, they can disrupt the markets again. This places older coins like Doge and Shiba in a tight spot: innovate or be crushed. Many Shiba whales know this and are pulling out their investments in droves. One major coin receiving the distribution is 1Fuel. With expert opinion circling a 20x increase, it is no surprise that this token is receiving considerable attention. Chainlink’s fundamentals don’t align with the current price Chain link ended January on a strong note after a fairly slow start. The cryptocurrency’s performance leads many to believe a green February is more likely. The notable news on Chainlink is the launch of its Data Streams on Scroll Mainnet. This launch, On January 29, enables developers to create high-performance dApps with real-time, decentralized market data. This integration is essential in improving the speed and efficiency of DeFi applications while maintaining blockchain security. While one would expect a massive reaction from the LINK price, its inability to break the $27 resistance and its flat, uncharacteristic move has left much to be desired. Even before the general crypto bloodbath that saw many tokens…
Filed under: News - @ February 4, 2025 12:20 pm