Bullish sentiments for Shiba Inu ($SHIB) token rise as it announces partnership with ChainLink ($LINK)

The Shiba Inu crypto project team announced a new collaboration with the ChainLink Crypto team to unlock new possibilities in the crypto space.

Shiba inu ($SHIB) is a popular meme Cryptocurrency. In 2021, this crypto meme token grabbed huge popularity among crypto traders following a statement by Tesla CEO Elon Musk regarding his love for Shiba Inu dogs. At the time, the Shib token emerged as a popular meme token, but in two to three years, the leaders of this project introduced multiple big developments & brought a native blockchain network, Shibarium.

The current trade price of $SHIB Cryptocurrency is $0.000022 & this price level is 7.4% high over the last 24 hours period. The notable pump in the trade price of this Cryptocurrency is visible in the price graph.

The current trade price of $SHIB is $0.000022 pic.twitter.com/cICNZBmkcp

      -----Cryptonews AD----->>>  

Sign up for a Bybit account and claim exclusive rewards from the Bybit referral program! Plus, claim up to 6,045 USDT bonus at . https://www.bybit.com/invite?ref=PAR8BE

  <<<-----Cryptonews AD-----    

 

— Bitcoinik (@Bitcoinikdotcom) December 21, 2024

On 20 Dec 2024, The Shiba inu project team informed us that they collaborated with the ChainLink ($LINK) crypto project.

$SHIB, $BONE & $LEASH go MultiChain! ⛓️

Thanks to #Shibarium x @Chainlink CCIP partnership, our tokens now span 12+ blockchains. Every transaction BURNS TOKENS!  

Learn More https://t.co/FQuYj3lscY pic.twitter.com/GTS6wYVkds

— Shib | TreatYourself Season (@Shibtoken) December 19, 2024

With this new partnership, leaders aimed to unlock the new utility and accessibility of the Shiba Inu token, along with its partner tokens BONE and LEASH—by integrating Chainlink’s Cross-Chain Interoperability Protocol (CCIP).

With this latest integration, the Shib token is now available on the top 12 networks, including flagship blockchain networks such as Arbitrum, Avalanche, Coinbase’s Base, Polygon, and Optimism.

.@Shibtoken has entered a partnership with Chainlink.

Shiba Inu assets SHIB, BONE, and LEASH have adopted the CCT standard, while @ShibariumNet has adopted CCIP as its canonical cross-chain infrastructure and Data Streams for low-latency market data.https://t.co/SB9r4shiNB pic.twitter.com/7Jnz7jPGhm

— Chainlink (@chainlink) December 19, 2024

According to some crypto experts, $Shib is likely to set a price target above $0.000046 within the next 7 days. If Shiba Inu maintains its bull momentum then there are huge possibilities that it could set a price target at $0.00005297 for January 2025.

It is worth it to note that the trade price of $LINK, the native Cryptocurrency of the ChainLink Blockchain network, is 25% down over the last 7 days period.

Read also: Hacker succeeded in hacking the WazirX crypto wallet because of negligence & fault in the KYC system

Bullish sentiments for Shiba Inu ($SHIB) token rise as it announces partnership with ChainLink ($LINK)

 

https://bitcoinik.com/bullish-sentiments-for-shiba-inu-shib-token-rise-as-it-announces-partnership-with-chainlink-link/feed/

https://bitcoinik.com/bullish-sentiments-for-shiba-inu-shib-token-rise-as-it-announces-partnership-with-chainlink-link/feed/